+1(833) 396-4204 info@riglynx.com
Menu

Month: November 2021

With backlog sitting at $2.1 billion Seadrill provides Q3 update

November 29, 2021
| Archives

Seadrill has provided a market update for the third quarter of 2021 During the quarter, Seadrill continued to sign high-quality contracts contributing $145m to backlog, reflecting the depth of its customer relationships. Total backlog as of September 30, 2021 stood at $2.1bn. Highlights during the period included: West Gemini - a four well contract plus options in Angola contributing $35m

Read More...

Lebanon announces second offshore licensing round

November 29, 2021
| Archives

When the Council of Ministers approved the launch of Lebanon’s Second Offshore Licensing Round in April 2019, the initial deadline to submit applications was set to 31 January 2020. However, at the request of International Oil and Gas Companies, and later on due to the implications of the global Covid-19 pandemic this deadline was postponed to 30 April 2020

Read More...

With a backlog of $2.3 billion Odfjell shares Q3 update

November 29, 2021
| Archives

Odfjell Drilling published their Q3 update and here are the highlights Key Financials Q3 2021 Revenue: $227 million Cash: $135 million EBITDA: $88 million Backlog: $2.3 billion Market Outlook General Increased appetite for field development and production across the segment, with the exception of some regional differences Need for continued exploration and production of oil and gas to bridge the increasing energy demand as new

Read More...

Seadrill bags 3 yr contracts for the Carina and the Tellus

November 29, 2021
| Archives

Seadrill Limited announced that it has secured two contracts with Petrobras for the West Carina and West Tellus rigs for work on the Búzios field offshore Brazil. Both contracts have been signed on a 3-year fixed-term basis, with expected commencement in September 2022. Total contract value for the two contracts is approximately $549m (inclusive of mobilization revenue

Read More...

Shelf inks three year contract for the Ron Tappmeyer

November 23, 2021
| Archives

Shelf Drilling, Ltd. announced that it has received an award for a three-year contract for the Ron Tappmeyer jack-up rig with Oil and Natural Gas Corporation (“ONGC”) for offshore operations in Indian waters. The rig is currently under contract with ONGC with a scheduled completion date in Q2 2022.   The planned start-up of operations under the new contract

Read More...

Lundin Energy granted wildcat permit utilizing the Deepsea Stavanger

November 23, 2021
| Archives

The Norwegian Petroleum Directorate (NPD) has granted Lundin Energy Norway a drilling permit for wildcat well 6306/9-1 in production license PL 886. Well 6306/9-1 will be drilled from the Deepsea Stavanger drilling facility in position 63°22'34.30"N and 06°45'30.53"E. Lundin Energy Norway is the operator with an ownership interest of 60 per cent. The other licensees are Spirit Energy Norway (20 per cent) and Petoro (20 per cent). The area in this license consists

Read More...

Talos banks big on GoM deepwater

November 23, 2021
| Archives

Talos Energy announced that it was named as the apparent high bidder in the Outer Continental Shelf Federal Lease Sale 257 on ten deepwater blocks comprising 57,600 gross acres, or 36,720 net acres, for a net total consideration of approx. $4.8 million. Nine of the blocks are in close proximity to the Company's operated Green Canyon and Mississippi Canyon facilities, while the

Read More...

Lukoil announces discovery in GoM

November 23, 2021
| Archives

LUKOIL announces discovery of an oil field within the Yoti West structure at Block 12 offshore Mexico. The field was discovered after drilling the first exploration well. According to preliminary estimates, the initial oil in place reaches 250 million barrels. The Yoti West-1 EXP well was drilled 60 km offshore from the Valaris 8505 semi-submersible platform. The well

Read More...

Noble Hans Deul repaired and heads back to work for IOG

November 23, 2021
| Archives

The Saturn Banks Project Phase 1 passed one million cumulative manhours worked in September 2021. Despite recent Covid-19 related challenges both offshore and onshore, the Company continues to target safe and reliable delivery of First Gas by the end of Q4 2021, subject to completion of the remaining onshore scope detailed below. The Noble Hans Deul rig owner

Read More...

Deepsea Yantai books three more wells with Neptune Energy

November 23, 2021
| Archives

Neptune Energy today announced it has extended a contract for Odfjell Drilling’s Deepsea Yantai drilling rig, to include three additional wells in the Norwegian North Sea next year. The Deepsea Yantai is currently drilling the production wells at the Neptune-operated Fenja field in the Norwegian Sea. The extension will include one additional well at the Fenja field and

Read More...