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Month: March 2023

Rig reactivations favored over newbuilds so far

March 9, 2023
| Archives

Reactivations favoured over newbuilds so far As the supply/demand balance tightens, the reactivation of rigs has been on the rise with approximately 25 jackups, three semis and nine drillships brought back to life since 2021. However, the level of newbuilds being delivered from shipyards hasn’t increased to the same level witnessed during the short-lived 2019 recovery period. During 2019,

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US says will finalize 5 year offshore drilling plan in December

March 9, 2023
| Archives

The Biden administration needs until the end of the this year to finalize a long-awaited five-year plan for offshore oil and gas development in federal waters, according to court documents filed this week. The Interior Department said it will take until December to complete "all necessary analyses, approvals, and mandatory procedural steps" related to the plan, the agency

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Petrobras awards Maersk anchor handlers 3 year contracts

March 9, 2023
| Archives

Petrobras has signed three of Maersk Supply Service’s L-class anchor handlers for a three-year period, covering a broad work scope of anchoring handling activities and rig movements. Maersk Leader, Maersk Launcher and Maersk Lancer have been delivered in Brazil. This now sees twelve vessels from the Maersk Supply Service fleet currently serving the Brazilian and Latin American markets. 'Maersk Supply Service is committed to investing

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Vantage managed Capella awarded contract offshore East Africa

March 9, 2023
| Archives

Aquadrill and a subsidiary of Vantage Holdings International have reached an agreement to provide the Capella, an MPD outfitted 6th generation drillship, for a one well contract for operations in East Africa. The total contract value for the contract is expected to be approx. $37 million. Work is expected to commence in mid-April 2023 and to run until the end of May 2023. Source: Aquadrill Join

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Shelf awarded a two-year contract for the Scepter offshore Nigeria

March 9, 2023
| Archives

Shelf Drilling has secured a two-year contract for the Shelf Drilling Scepter for operations offshore Nigeria. The contract value for the firm period, including mobilization revenue, is approx. USD 118 million. The contract also includes a one-year option, and the planned start-up of operations is May 2023. Source: Shelf Join our mailing list here

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International Rig count up double digits

March 5, 2023
| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for February is 915, up 14 units from the count in January and up 102 units from the 813 counted in February 2022 Africa is up 2 units to 94 from the January count  of 92 and up 11 units from its year ago average of 81 The

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Eni exercises options on the Saipem 10000

March 5, 2023
| Archives

According to Esgian, an Oslo based company that provides analytical tools for the energy industry, noted that the Saipem-managed jackup Jindal Pioneer will remain working with Eni offshore Mexico into the second half of 2023, with further options available for the rig until the end of 2024. Jindal Pioneer is being leased from Jindal Drilling & Industries by

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Saipem signs 400 million USD contract for DVD offshore Ivory Coast

March 5, 2023
| Archives

Saipem has been awarded by the Joint Venture Eni Côte d'Ivoire Ltd. and Petroci a drilling contract offshore the Ivory Coast worth 400 million USD. This value is to be considered gross of the leasing costs of the Deep Value Driller vessel that will be used for the operations. The contract includes the use of the seventh-generation drillship

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