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Month: June 2021

ARO extends the contract for Valaris JU250

June 30, 2021
| Archives

Valaris has been awarded a 200-day extension to its bareboat charter agreement with ARO Drilling for VALARIS JU-250 (Bob Palmer), a heavy-duty ultra-harsh environment jackup. The extension is in direct continuation of the existing contract and, as a result, the VALARIS JU-250 is now expected to be under contract through the end of 2021. ARO Drilling’s contract with Aramco has been extended for

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Carnarvan books jackup for work offshore Australia

June 30, 2021
| Archives

After an Invitation to Tender process, a preferred rig for drilling the Buffalo-10 well has been selected. Carnarvon has signed a LOI with the relevant rig contractor, and a formal rig contract, consistent with the terms of the LOI, is now being finalized. Carnarvon is expecting to take possession of the rig upon completion of its current drilling operations, which is planned to occur around the end of October 2021.  The final well timing will be subject to securing remaining drilling support services and equipment, and joint venture and regulatory approvals, all of which are in progress. The Buffalo-10 well

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Norway’s energy firms plan $1.7 billion oil, gas developments

June 30, 2021
| Archives

Equinor and Aker BP set out plans to develop four oil and gas discoveries with a total price tag of 14.5 billion Norwegian crowns ($1.69 billion) as part of Norway’s efforts to maximize output from its existing fields. The Nordic nation, which began to extract oil and gas 50 years ago, believes it has still only pumped about

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Saipem charters ex-Ocean Rig newbuild from Samsung

June 29, 2021
| Archives

Saipem signed a bareboat charter contract with the Samsung Heavy Industries Company yards for a new drillship, the Samsung Santorini which will be delivered in November 2021. The bareboat charter of about two years duration allows Saipem to strengthen the competitiveness of its fleet without investing in new assets, but by leveraging its consolidated expertise in the

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Shelf bags 5 well contract with Total in Nigeria

June 29, 2021
| Archives

Shelf Drilling, Ltd. announced that it has secured a contract for the Baltic jack-up rig with Total E&P Nigeria Limited for operations offshore Nigeria. The contract duration is for five wells – estimated to be 380 days, plus additional option period, and is expected to commence in June 2021. Source: Shelf Drilling Join our mailing list here

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Rig Lynx Weekly Rundown – Australia opens up bidding on 21 offshore blocks

June 28, 2021
| Weekly Rundown

Australia opens up bidding on 21 offshore blocks  The Coalition Government today announced the 2021 Offshore Petroleum Exploration Acreage Release, with around 80,000 square kms of new acreage available for exploration in Commonwealth waters. Read More Valaris lands 3 year contract with North Oil Company Valaris Limited announces that it has been awarded a three-year contract with North Oil Company offshore Qatar

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Cyclone Drilling picks up new work with Zephyr Energy

June 28, 2021
| Archives

AIM-listed Zephyr Energy, the oil and gas company focused on responsible resource development and carbon-neutral operations in the Rocky Mountain region, has provided an update on its project in the Paradox Basin, Utah, U.S. where the Company is preparing to spud the State 16-2LN-CC appraisal well.   The Company has announced the signing of a drilling contract with Cyclone Drilling. This follows

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Chariot Oil and Gas is rig shopping for Q4 2021

June 28, 2021
| Archives

Chariot Oil and Gas issued its final results for 2020 with an operations update on the Anchois appraisal for 2021. Anchois appraisal drilling planned for Q4 2021 with 3 distinct objectives: (1) reconfirm the original discovery A&B sands; (2) provide a producer well location to be suspended for future use; (3) potentially drill the additional prospective sands and

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Energean and Stena ink 3 well deal for the IceMAX

June 28, 2021
| Archives

Stena Drilling are pleased to announce that we have signed a new contract with Energean Israel Limited for Mobile Offshore Drilling Unit (MODU) Stena IceMAX. The operations are due to commence in Q1 2022, offshore Israel for the drilling of three (3) firm wells (with an estimated duration of 180 days). In addition, there is also an option to extend the contract for up

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