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Petrobras locks in 7 rigs on an 8 rig tender

October 12, 2022
| Archives

According to Esgian, an Oslo based company that provides analytical tools for the energy industry, noted that Petrobras has selected seven rigs from its tender for up to eight floating rigs. From Lot 1, which was for up to two high-spec DP rigs capable of operating in up to 3,000m of water, the selected units are Diamond Offshore

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Neptune Energy grabs Deepsea Yantai for two more wells offshore Norway

October 12, 2022
| Archives

Odfjell Drilling has announced that on behalf of CIMC OFFSHORE, it has agreed to extend the contract with Neptune Energy Norge for the use of the drilling rig Deepsea Yantai to drill two further firm wells in Norway. The scope of the work is estimated to take 60 days and scheduled to commence in Q3 2023. Source: Odfjell Drilling Join our mailing list

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Diamondback drops $1.6 billion on Firebird acquisition

October 12, 2022
| Archives

Oil and gas producer Diamondback Energy Inc said on Tuesday it will buy all leasehold interest and related assets of FireBird Energy LLC for $1.6 bln in cash and stock. FireBird's assets currently consist of about 68,000 acres in the Midland Basin in Texas, with estimated production, at the time of the closing of the deal, of about 17

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Seadrill trades on the NYSE again

October 12, 2022
| Archives

Seadrill Limited announced that the Company has received approval to relist its common shares on the New York Stock Exchange (“NYSE”) under the ticker symbol "SDRL". The Company expects the common shares to commence trading on or about Friday, October 14, 2022. Simon Johnson, Seadrill Chief Executive Officer, commented, “We are pleased to be re-listing the company on the NYSE.

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ADNOC Drilling awarded $1.53 billion contract to support expansion of ADNOCs offshore operations

October 11, 2022
| Archives

Abu Dhabi National Oil Company (ADNOC) announced the award of a contract worth $1.53 billion (AED 5.62 billion) to ADNOC Drilling. The award supports the expansion of ADNOC’s offshore operations and its objective to responsibly increase production capacity and meet the growing global demand for reliable, lower carbon intensity oil and gas. ADNOC Offshore awarded the two-year contract

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Petrofac awarded well management services contract by Dana

October 11, 2022
| Archives

Petrofac, a leading provider of services to the global energy industry, has been selected by Dana Petroleum to provide well management services for all its UK North Sea operated assets. These include both the Triton FPSO and the Western Isles FPSO (Floating Production Storage and Offloading) vessels in the North Sea. The new two-year contract, with options for extension, continues the existing five-year relationship, providing outsourced

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Shelf Drilling awarded a 5-year contract for the recently acquired Shelf Drilling Victory

October 11, 2022
| Archives

Shelf Drilling Ltd. has secured a five-year contract for the recently acquired premium jack-up rig Shelf Drilling Victory for operations in the Arabian Gulf. The contract value for the firm period, including mobilization revenue, is approximately USD 236 million. The contract also includes a two-year option, and the planned start-up of operations is late-March 2023. Prior to commencing the

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TotalEnergies set to explore in Lebanese waters, says energy minister

October 11, 2022
| Archives

Lebanese caretaker energy minister Walid Fayyad said that French gas giant TotalEnergies will begin the process of exploring for gas in Lebanese waters as soon as a maritime border deal with Israel is concluded. Fayyad made the comments after meeting a senior TotalEnergies delegation in Beirut. Source: Reuters Join our mailing list here

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India offers 42 blocks in latest auction

October 11, 2022
| Archives

India is offering 26 oil and gas blocks and 16 coal bed methane blocks in its latest exploration licensing round, according to the country’s upstream regulator, as the world’s third largest oil consumer seeks to boost local output. “There is an unprecedented interest in Indian exploration and production by global oil companies,” oil minister Hardeep Singh Puri tweeted

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International Rig Count up 92 units from one year ago

October 9, 2022
| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for September is 879, up 19 units from the count in August and up 92 units from the 787 counted in September 2021. Latin America is up 8 units to 180 from the August count of 172 and is up 40 units year over year. The Asia-Pacific

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