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Month: November 2022

Energean announces discovery offshore Israel

November 8, 2022
| Archives

Energean has made a commercial discovery at its Zeus exploration well off the coast of Israel and upgraded its neighboring Athena discovery. Athena could be linked to the floating production and storage vessel (FPSO) Energean uses to send gas to the Israeli market from its flagship Karish field. Energean has also floated the idea of a new development of

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Velesto awarded 14 well deal for Naga 5

November 8, 2022
| Archives

Velesto Energy announced that it has received a Letter of Award from Hess Exploration for the provision of Integrated Rig, Drilling and Completion (“I-RDC”) Services for 2022 to 2024 North Malay Basin Full Field Development Campaign, with an estimated Contract value of USD135 million. Velesto will assign its jack-up rig NAGA 5 for this Contract. The Contract is

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Kosmos & partners sign rig commitment letter for mid-2023

November 8, 2022
| Archives

During the third quarter of 2022, Kosmos completed the acquisition of an additional 3.2% interest in the Winterfell area in Green Canyon Blocks 943, 944, 987 and 988 and an additional 1.4% interest in Green Canyon Blocks 899 and 900. The acquisition takes Kosmos' overall interest in Winterfell to 25% in total. The Winterfell partners signed the field development plan in September

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Diamond awarded four year deal for the Ocean Courage

November 8, 2022
| Archives

Diamond Offshore announced during it’s Q3 earnings update that it received notification of award of a new drilling program with Petrobras in Brazil for the Ocean Courage. The Ocean Courage was awarded a four-year project with an unpriced option for an additional four years. The total estimated value of the firm term of the award is approximately

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International rig count up 111 units from a year ago

November 6, 2022
| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for September is 911, up 32 units from the count in September and up 111 units from the 800 counted in October 2021. Latin America is up 8 units to 188 from the September count of 180 and is up 36 units year over year. The Asia-Pacific

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Noble fleet utilization overall 94% with recent earnings report

November 6, 2022
| Archives

Operating Highlights and Backlog Noble’s marketed fleet of nine floaters was 96% contracted through the third quarter, similar to the legacy Maersk Drilling floater fleet which had full contracted utilization across seven marketed floaters. Contracting activity remains firm, reflecting the tight condition of the high-end drillship market segment, with leading edge dayrates for deepwater rigs well into

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BP, Exxon and Equinor part of $238 million in awards offshore Newfoundland

November 6, 2022
| Archives

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) is announcing the results of Call for Bids NL22-CFB01 (Eastern Newfoundland Region) and Call for Bids NL22-CFB02 (South Eastern Newfoundland Region). Both Calls for Bids were previously approved by the federal and Newfoundland and Labrador governments. The awarding of exploration licences arising from any Call for Bids is a Fundamental Decision, meaning

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La Muralla sold for $60 million

November 3, 2022
| Archives

Semisubmersible La Muralla IV sits about four miles off the coast of Tampico, Mexico after the owner LaForta filed bankruptcy.   The ten-year old, sixth-generation floater has been sold to Operadora CICSA, for the amount of USD 60 million. Source: BN Join our mailing list here

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Valaris 54 sold for $28 million

November 3, 2022
| Archives

Upon completion of its current 204 day contract extenstion Valaris announced that it will be selling the 40-year old jackup VALARIS 54 for $28.5 million, which is expected to close in March 2023 upon completion of its existing contract. Source: Valaris Join our mailing list here

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