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Month: February 2022

Fox Petroleum Group soaring the skies with new Investment in Aviation

February 15, 2022
| Archives

Fox Rubicon Capital Partners, the most recent addition to Fox Petroleum Group, based in South Africa, signed a monumental agreement for investment with Dzarongastad FZ LLC, registered in RAKEZ business zone, UAE. The investment of USD 1.5 Billion on a 9 year term, and the very first injection is scheduled to process soon.  The investments are dedicated

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Odfjell adds on USD $80 million in backlog for the Nordkapp

February 15, 2022
| Archives

Aker BP has exercised a scope based option for Odfjell’s Deepsea Nordkapp  The option covers the time necessary to complete four (4) Kobra East Gekko (KEG) development wells. Operations on the KEG development wells are expected to commence in January 2023 with a combined duration of approx. 430 days. With the current term based contract ending in June 2023 the newly

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Solstad awarded 2 year contract for the Valiant

February 15, 2022
| Archives

Solstad Offshore has announced a contract award for the CSV Normand Valiant with PETROBRAS. The charter is 2 years firm with possibility of 2 years extension. Commencement of the contract will take place in 2Q 2022. The contract has a gross value of approx. NOK 350 million, including additional services. Normand Valiant will provide accommodation services to support production activities in the Brazilian

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NPD issues new drilling permits for Equinor and Neptune Energy

February 15, 2022
| Archives

The Norwegian Petroleum Directorate (NPD) has granted drilling permits to Equinor and Neptune Energy for three new wells. The NPD has granted Equinor a drilling permit for well 34/4-18 S and 35/10-8 S and Neptune Energy has been granted a drilling permit for well 35/9-16. Source: NPD Join our mailing list here

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Transocean updates on the Deepwater Titan

February 15, 2022
| Archives

Transocean recently announced that the drydocking for the 8th generation Deepwater Titan has been completed in Singapore at the Sembcorp facilities. It will soon be heading into its next phase moving out to sea. The Deepwater Titan and the Deepwater Atlas are currently the only two 8th generation vessels under construction and will be the only ones on

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Baker Hughes cuts ribbon on supercenter in Guyana

February 15, 2022
| Archives

Baker Hughes has expanded its presence in Guyana through the opening of a new local supercenter facility for oilfield services and equipment. The supercenter, which spans more than 8 acres, will support regional customers and bolster Baker Hughes’ localization efforts within South America. Baker Hughes has a strong history of localization in Guyana. The company currently provides drilling

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Rig Lynx Weekly Rundown – Shell to use Enhanced Drilling’s Closed Riser CML services in deepwater GOM

February 14, 2022
| Weekly Rundown

39 year old semi Olinda Star awarded 16 month contract Constellation secured a new charter contract for the 39-year-old semi the Olinda Star. The Brazilian group closed a deal with ONGC, guaranteeing 16 months of chartering, after presenting a best price in the bidding conducted by the oil company. Read More Aban sells Deep Driller 1 to ADES for $12

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Transocean publishes fleet status report with a backlog of USD$6.5 billion

February 14, 2022
| Archives

Transocean Ltd. issued a quarterly Fleet Status Report that provides the status of, and contract information for, the company’s fleet of offshore drilling rigs. This quarter’s report includes the following updates: Deepwater Conqueror – Awarded a one-well contract extension in the U.S. Gulf of Mexico at $335,000 per day. Deepwater Asgard – Awarded a two-well contract in the U.S. Gulf of Mexico at $395,000 per day. Deepwater Invictus – Awarded a one-well contract extension

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Icon Offshore lands new work with ConocoPhillips

February 14, 2022
| Archives

Offshore support outfit Icon Offshore Bhd has secured a US$9.6 million (RM40.22 million) order from ConocoPhillips Sarawak Ltd and Conocophillips Sarawak Oil Ltd (collectively ConocoPhillips Sarawak) to supply a jack-up drilling rig. In a filing on Friday (Feb 11), Icon said its subsidiary I Oilfield Services Sdn Bhd (IOSSB) (formerly known as Perisai Offshore Sdn Bhd) had been

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