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Month: March 2021

Mexico gas giant Jaguar E&P holds 210 billion cubic feet of gas reserves

March 22, 2021
| Archives

An upstart driller in Mexico aims to provide 10% of the country’s natural gas needs as it develops prospects south of Texas’s border. Jaguar E&P holds as much as 210 billion cubic feet of natural gas in areas like the shale-rich Burgos Basin, the southern extension of a formation that encompasses the Eagle Ford play in the U.S.,

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Standard Drilling purchases 500,000 shares of Noble Drilling

March 22, 2021
| Archives

S.D Standard Drilling Plc has purchased 500,000 shares, corresponding to 1% ownership, in Noble at USD 18.5 per share.  Noble completed its restructuring- and Chapter 11 process on 5 February 2021. Having disposed five cold stacked rigs in the fourth quarter, Noble enters 2021 with 19 offshore drilling units, consisting of 7 drill ships and semisubmersibles and

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Aker BP add on another year for the Deepsea Nordkapp

March 22, 2021
| Archives

Aker BP has exercised the second 12-month option for Deepsea Nordkapp under the Contract entered into between the parties in April 2018. The second 12-month option shall commence after expiry of the first optional period in June 2022.   The approximate contract value for the exercised optional scope is USD 109 million (excluding any integrated services). In addition,

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Rig Lynx Rewind: Transocean announces the retirement of the original dual activity drillships

March 21, 2021
| Archives

Transocean Ltd. has announced that it intends to retire in an environmentally responsible way, the following three ultra-deepwater floaters: Discoverer Enterprise, Discoverer Spirit, and Discoverer Deep Seas. These rigs are classified as held for sale. As a result of the Company's decision on August 27, 2019, to authorize retirement of these three rigs and associated equipment, the Company expects its third quarter

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Vantage Drilling and Seadrill Partners finalize agreement on management of SDPL floaters

March 20, 2021
| Archives

Vantage Drilling International (“Vantage”), announced that it has entered into a Framework Agreement and related Management and Marketing Agreements with Seadrill Partners LLC (“Seadrill Partners”) under which Vantage’s subsidiaries will provide operating, management and marketing services to Seadrill Partners and its subsidiaries in respect of four of their deepwater floaters, which include the drillships: the West Polaris and the West

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Velesto awarded two drilling contracts from Petronas

March 20, 2021
| Archives

The Board of Directors of Velesto Energy Berhad (“VEB”) is pleased to announce that Velesto Drilling Sdn Bhd (“VED”), a wholly-owned subsidiary of Velesto Malaysian Ventures Sdn Bhd, which in turn is a wholly-owned subsidiary of VEB, has received two (2) Letter of Awards from PETRONAS Carigali Sdn. Bhd. (“PCSB”), for the provision of jack-up drilling rig

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Oil Prices, MOU Week and Recon Africa WEST AFRICA WEEKLY EP 7

March 20, 2021
| West Africa Weekly

Listen to "EP 7: Oil Prices, Nigeria and Morocco Sign 5 MOU's, Recon Africa Update, Chariot's MOU for the Anchois Gas Project, Nigeria and EG's MOU" on Spreaker. Welcome back to another episode of West Africa Weekly with Greg and Arvy This week they talk about: -Oil Prices -Nigeria and Morocco Sign 5 MOU's -Recon Africa Kavingo Basin Update -Chariot

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New Pipelines Coming Online, Exxon and Eng No 1, LeBrons Red Sox, Record Breaking Capri Sun Drinker OVERTIME EP 13

March 20, 2021
| OVERTIME

Listen to "Ep 13: New Pipelines Coming Online, Exxon and Eng No 1, LeBron’s Red Sox, Record Breaking Capri Sun Drinker" on Spreaker. Join Greg and Ryan for another episode of Overtime Live! -Oil Prices -New Natural Gas Pipelines Coming Online -What Would a Continued Drilling Ban Do to Texas -Exxon and Engine No. 1 -Deshaun Watson Lawsuit -LeBron and the Red Sox -James Winston and the Saints -1 Milly

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North America Rig Count: U.S. adds 9 and Canada drops 24

March 20, 2021
| Weekly Rig Count

Baker Hughes Rig Count: U.S. +9 to 411 rigs U.S. Rig Count is up 9 from last week at 411 with oil rigs up 9 to 318, gas rigs unchanged at 92, and miscellaneous rigs unchanged at 1. U.S. Rig Count is down 361 rigs from last year's count of 772, with oil rigs down 346, gas rigs down

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DOF secures long term contracts in UK and Guyana

March 19, 2021
| Archives

The DOF Group is pleased to announce the award of term contracts for three of its PSV’s. The first award, commencing in April, is the charter of large modern PSV Skandi Gamma to Ithaca Energy (UK) Limited for a period of 2 years firm, plus 2 x 1-year options.  The vessel has been working in the UKCS since

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