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Month: August 2021

Maersk awarded new work for the Innovator

August 19, 2021
| Archives

Maersk Drilling has been awarded a contract with Harbour Energy for the jack-up rig Mærsk Innovator to drill three subsea development wells in Block 28/9 on the UK Continental Shelf. The contract is expected to commence in December 2021. “We’re excited to secure this contract with Harbour Energy which will see Mærsk Innovator go back to work in

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Tom Burke steps down as President and CEO

August 19, 2021
| Archives

Valaris Limited announced that Mr. Tom Burke will step down from his position as President and Chief Executive Officer and member of the Board of Directors, effective September 2, 2021. The Valaris Board of Directors has appointed Mr. Anton Dibowitz, a current Board member, as interim President and Chief Executive Officer effective September 3, 2021. Mr. Burke

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Island close to landing work in South Africa

August 18, 2021
| Archives

Island Drilling with Trond Mohn on the owner's side is close to signing a long-awaited agreement for "Island Innovator" in South Africa. Several assignments may follow. - We are excited about the future with the political landscape, which will be of great importance to us. We must therefore see both inland and outlying and not just lock

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Exxon spuds in Tita 1 offshore Brazil

August 18, 2021
| Archives

About three years after acquiring the Titã block, in the Santos Basin pre-salt, ExxonMobil started the first exploratory drilling in the area. The information was disclosed to the National Petroleum Agency (ANP) on its active wells portal. Drilling is being carried out in a water depth of 2,644 meters, using the West Saturn drillship. The wildcat well was

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ConocoPhillips puts Williston assets up for sale

August 18, 2021
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ConocoPhillips is marketing its Williston Basin oil assets for a potential sale, according to people with knowledge of the matter. The company estimates it could fetch roughly $200 million for the assets in the Williston Basin of North Dakota and Montana, said the people, who asked not to be identified because the discussions are private. ConocoPhillips spokesman Dennis Nuss

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Valaris adds more work on for the DS 10

August 18, 2021
| Archives

Valaris Limited announced that it has been awarded one-well contracts with Shell Namibia Upstream B.V. and Shell Sao Tome and Principe B.V. offshore Namibia and Sao Tome and Principe, respectively, for drillship, VALARIS DS-10. The precise timing of the first contract is to be confirmed but is expected to commence in the fourth quarter of 2021. The

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Asia is hosting the largest licensing rounds in H2 2021

August 17, 2021
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According to GlobalData's report, H2 2021 Global Bid Round Outlook – licensing rounds in 2021 remain low due to the impact of COVID-19 Over 35% of the acreage available in licensing rounds that are either open or scheduled to close in H2 2021 are in shallow water, while ultra-deep water and deepwater acreage account for 24% and 19%,

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Nigeria signs in new petroleum bill

August 17, 2021
| Archives

Nigeria’s groundbreaking Petroleum Industry Bill (PIB) has officially been signed into law by H.E. President Muhammadu Buhari, ushering in a new wave of investment and positioning the country as a global energy competitor. The PIB comprises a complete legislative restructuring of Nigeria’s oil and gas sector, providing a comprehensive framework that emphasizes coherency and transparency. With twenty years

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Northern Drilling pulls out of newbuild West Aquila

August 17, 2021
| Archives

West Aquila Inc., the 100% owned subsidiary of Northern Drilling Ltd has notified Daewoo Shipbuilding & Marine Engineering Co. Ltd (“DSME”) that it has cancelled the resale contract for the 7th generation ultra deepwater drillship West Aquila due to delay of delivery as well as repudiatory breach of contract. West Aquila Inc. has made advance payments totaling approximately

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