January 2022 - Rig Lynx

North America Rig Count: U.S. adds 6 and Canada adds 5

January 30, 2022

Baker Hughes Rig Count: U.S. +6 to 610 rigs U.S. Rig Count is up 6 from last week to 610 with oil rigs up 4 to 495, gas up 2 to 115, and miscellaneous rigs unchanged at 0. U.S. Rig Count is up 226 rigs from last year's count of 384, with oil rigs up 200 gas rigs up

2022 oil and gas investment in Columbia soaring

January 30, 2022

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Investment in Colombia’s oil and gas industry is forecast to soar in 2022, boosted by exploration investments, a private producers’ association said on Wednesday, though output is expected to lag pre-pandemic levels for another year. Some $4.4 billion of investment is expected to be made in the Andean country’s hydrocarbons sector during 2022, 42% higher than in 2021,

Woodside exits Myanmar

January 30, 2022

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Woodside Petroleum Ltd joined on multinational oil majors Chevron Corp and TotalEnergies in their plans to exit Myanmar, nearly a year after a military coup plunged the Southeast Asian nation into turmoil. Myanmar has faced unrest since the army overthrew the elected government in February 2021 and detained its leader Aung San Suu Kyi. The junta has been accused of

Seadrill New Finance Limited (to be renamed Paratus Energy Services Ltd.) Emergences from Chapter 11

January 30, 2022

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Seadrill Limited and the Issuer announced that the Issuer has emerged from chapter 11 after successfully completing its pre-packaged restructuring pursuant to its chapter 11 plan of reorganization (the “Plan”). As previously announced, the Plan was confirmed by the United States Bankruptcy Court for the Southern District of Texas on January 12, 2022. All conditions precedent to

JDC awarded a contract with Inpex

January 30, 2022

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Japan Drilling Co (JDC) has announced that its subsidiary company 'Hakuryu 5, Inc.' has entered into a drilling contract with INPEX Offshore San-in Co. for the provision of a semi-submersible drilling rig 'HAKURYU-5'. The main terms of the drilling contract are as follows: Operating Area : Offshore San-in, Japan Period : March to July 2022 (planned) Source: JDC Join our mailing list here

Hess puts $2.6 billion exploratory budget on the books for 2022

January 30, 2022

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Hess Corporation has announced a 2022 Exploration & Production capital and exploratory budget of $2.6 billion, of which approx. 80% will be allocated to Guyana and the Bakken. Net production is forecast to average between 330,000 and 340,000 barrels of oil equivalent per day in 2022, excluding Libya. Bakken net production is forecast to average between 165,000 and 170,000 barrels

Shell announces significant find offshore Namibia

January 30, 2022

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Shell has made a significant oil and gas discovery at an closely-watched offshore well in Namibia which could spark a wave of investment in the southern African country, according to Reuters. Reuters said that the Namibian government is planning to make an announcement next week on the details of the discovery at the Graff-1 well which Shell started drilling last month. Source:

Subsea 7 awarded subsea contract from Beacon Energy

January 30, 2022

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Subsea 7 has announced the award of a substantial (1) project for subsea installation services related to Beacon Offshore Energy’s Shenandoah Development, located offshore Gulf of Mexico in water depths up to 6,300 feet. The project covers the tie-back of four subsea wells to the Shenandoah host facility through a subsea manifold with dual flowlines and risers. The work scope

KCA Deutag bags 10 year newbuild deal for 4 rigs

January 30, 2022

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Petroleum Development Oman (PDO) will award KCA Deutag Energy a ten-year contract for the provision of drilling services with four new highly automated rigs that will be built in the Sultanate of Oman. The project enhances an existing strong relationship between the two companies. The ten-year contract comes with options to extend for a further two years and, with those options included, has

Valaris awarded new floater contract from Murphy

January 20, 2022

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Valaris has been awarded two one-well contracts with subsidiaries of Murphy Oil Corp for semisubmersible VALARIS DPS-5. The first contract is in the U.S. Gulf of Mexico and is expected to commence in the third quarter 2022 with a minimum duration of 30 days. This contract has a one-well option with an estimated duration of 90 days. The second contract, offshore Mexico, will commence in

Month: January 2022

North America Rig Count: U.S. adds 6 and Canada adds 5

2022 oil and gas investment in Columbia soaring

Woodside exits Myanmar

Seadrill New Finance Limited (to be renamed Paratus Energy Services Ltd.) Emergences from Chapter 11

JDC awarded a contract with Inpex

Hess puts $2.6 billion exploratory budget on the books for 2022

Shell announces significant find offshore Namibia

Subsea 7 awarded subsea contract from Beacon Energy

KCA Deutag bags 10 year newbuild deal for 4 rigs

Valaris awarded new floater contract from Murphy

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