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Month: November 2021

Equinor plans $8.8 bln development of world’s northernmost oilfield

November 11, 2021
| Archives

Norway's Equinor said it plans to invest up to 75 billion Norwegian crowns ($8.80 billion) to develop the Wisting petroleum discovery, set to become the world's northernmost oilfield. Located in the Arctic Barents Sea and containing close to 500 million barrels of oil equivalent, the Wisting development is subject to a final investment decision by Equinor and its partners

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Aker BP makes oil discovery south of the Boyla field in the North Sea

November 9, 2021
| Archives

Aker BP, operator of production license PL 1041, has concluded the drilling of wildcat well 24/12-7. The well was drilled about 17 kms southwest of the Bøyla field in the North Sea, and 230 kms west of Stavanger. The primary exploration target for the well was to prove petroleum in reservoir rocks from the Palaeocene in the Hermod Formation. The secondary

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Exxon finds oil in Titan block of Santos Basin

November 9, 2021
| Archives

ExxonMobil notified the National Petroleum Agency (ANP) of the discovery of traces of oil in the pioneer well 1-EMEB-2-RJS (Titã-1), in the Titan block in the Santos Basin. The milestone was reached approximately three months after the start of drilling at the site, which is being carried out by the West Saturn drillship, chartered by Seadril. The

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Ocean BlackLion renews for 2 more years with BP in the GOM

November 9, 2021
| Archives

Diamond issued a fleet update earlier this month and it showed that BP has exercised the two-year option on its contract for the ultra-deepwater drillship Ocean BlackLion for further operations in the US Gulf of Mexico. Diamond has also secured further work for its semisub Ocean Apex offshore Australia with BHP. Source: Diamond Drilling Join our mailing list here

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KCA Deutag grabs up to $185 million in drilling contracts

November 9, 2021
| Archives

Global drilling, engineering and technology provider, KCA Deutag, has been awarded contracts worth almost $185m from leading exploration and production companies across key markets in the Middle East region. Multiple rig extensions have been confirmed in Saudi Arabia, representing 13 years’ work across three rigs, and in Oman, one-year contract extensions have been awarded for two heavy

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Rig Lynx Weekly Rundown – Noble closes four jackup deal with ADES

November 9, 2021
| Weekly Rundown

Noble closes four jackup deal with ADES Noble Corporation announced it has completed the sale of four jackup rigs to a subsidiary of ADES International Holding Ltd. ("ADES"). The Company expects to generate approximately $285 million in cash from the transaction net of fees, expenses, and the settlement of working capital. Read More   New contracts and extensions for Noble in

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Rig Lynx Monthly Rundown – October Top 5

November 9, 2021
| Monthly Rundown

Here are our top 5 articles for October! It was Dolphin, Seadrill, Island, Saudi Arabia, and Constellation this month... Thanks for reading with us and we wish you a great November! Stay safe! Dolphin Drilling picks up marketing rights for stranded Awilco rigs Dolphin Drilling are pleased to announce an important step forward in securing the future of the company. In collaboration with

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144 rigs put back to work internationally since October 2020

November 5, 2021
| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for October is 800, up 13 units from the count in September and up 144 units from the 656 counted in October 2020. Latin America is up 12 units to a total of 152 from the September count of 140 units and up 66 units year-over-year. The Asia-Pacific region is

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Noble issues Q3 update, backlog sits at $1.5 billion

November 5, 2021
| Archives

Robert W. Eifler, President and Chief Executive Officer of Noble Corporation, stated "I am pleased with the performance of the Noble team over the third quarter. Notably, the Noble Lloyd Noble has now started its contract for Equinor in Norway and I'd like to thank our employees and local business partners for their effort and focus.  We also recently

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