March 2021 - Page 9 of 11

Maersk Drilling awarded additional work from Petrogas E&P

March 8, 2021

Maersk Drilling has been awarded a one-well contract by Petrogas E&P Netherlands B.V. which will employ the harsh-environment jack-up rig Maersk Resolute to perform well maintenance and drill a side-track of the A9 well at the P9 Horizon field in the Dutch North Sea. The contract is expected to commence in April 2021, with an estimated duration

Rig Lynx Monthly Rundown – Top 5 for February

March 7, 2021

| Monthly Rundown

For February we had over 31k article views, here are the top 5! News from Petrobras, Transocean, Maersk, and Vantage Thanks for reading with us and we wish you a great March! Stay safe! Petrobras launches tender for 5 offshore rigs In the midst of the process of change in its high command, Petrobras launched a new tender that promises to move

Rig Lynx Weekly Rundown – Deepwater to have record growth in coming years

March 7, 2021

| Weekly Rundown

Each week we share with you trending articles in the industry Deepwater to have record growth in coming years Offshore project commitments are expected to not only recover going forward, but their number is also set to reach a new record in the five-year period towards 2025, cumulatively almost 600 projects, a Rystad Energy report shows. Deepwater commitments will

International Rig Count Up 24 Units in February

March 7, 2021

| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for February was 701, up 24 units from the count in January and down 384 units from the 1,085 counted in February 2020. Latin America is up 6 units to 125 from the January count of 119 units and is down 59 units year-over-year. The Asia-Pacific region is down 1 unit from

North America Rig Count: U.S. adds 1 and Canada drops 22

March 6, 2021

| Weekly Rig Count

Baker Hughes Rig Count: U.S. +1 to 403 rigs U.S. Rig Count is up 1 from last week at 403 with oil rigs up 1 to 310, gas rigs unchanged at 92, and miscellaneous rigs unchanged at 1. U.S. Rig Count is down 390 rigs from last year's count of 793, with oil rigs down 372, gas rigs down

Valaris receives court approval of Chapter 11

March 6, 2021

| Archives

Valaris plc announced that it has received approval from the United States Bankruptcy Court for the Southern District of Texas of its prearranged Plan of Reorganization (the "Plan"). In addition to Bankruptcy Court confirmation, the Plan received support from approximately 80% of the Company's unsecured notes ("Noteholders") and bank lenders representing 100% of the Company's credit facility claims. In

Bolette Dolphin sold for $85 million to Deep Value Driller AS

March 6, 2021

| Archives

We previously reported that TPAO was in negotiations with Dolphin on the 7th generation drillship but it was announced yesterday that it was sold to Deep Value Driller AS for $85 million. This was reported via Fernley Securities as the proceeds from the private placement will be used for the acquisition of the ultra-deepwater drillship formerly known

Noble Midstream sells out to Chevron in all-stock $1.32 billion deal

March 6, 2021

| Archives

Chevron Corp said on Friday it would buy the shares of Noble Midstream Partners LP it does not already own in an all-stock deal that values the pipeline operator at $1.32 billion, a month after making a slightly smaller offer. Noble Midstream’s unitholders will get 0.1393 Chevron shares for each unit held under the new agreement, Chevron said. As

Saudi Energy Minister says it’s about being vigilant and being careful

March 6, 2021

| Archives

Saudi Arabia and its OPEC+ allies shocked the oil market with a decision to keep supply in check, sending prices surging and adding inflationary pressure to the global economy as it emerges from the pandemic. One year on from the outbreak of a bitter price war that sent crude below zero, the kingdom showed that its priority is

Month: March 2021

Maersk Drilling awarded additional work from Petrogas E&P

Rig Lynx Monthly Rundown – Top 5 for February

Rig Lynx Weekly Rundown – Deepwater to have record growth in coming years

International Rig Count Up 24 Units in February

North America Rig Count: U.S. adds 1 and Canada drops 22

Valaris receives court approval of Chapter 11

Bolette Dolphin sold for $85 million to Deep Value Driller AS

Noble Midstream sells out to Chevron in all-stock $1.32 billion deal

Saudi Energy Minister says it’s about being vigilant and being careful

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