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Noble awarded $420k per day contract from LLOG in GOM

August 11, 2022
| Archives

Noble announced their 2nd quarter results and their floater fleet was 100% contracted in the second quarter. The Noble Faye Kozack was awarded a one-well contract with LLOG for work in the U.S. Gulf of Mexico at a rate of $420,000 per day. The contract includes managed pressure drilling services and is expected to commence in late 2022 or

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ADNOC awarded 8 rig contract, over 15 year duration

August 8, 2022
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ADNOC announced two contracts totaling more than $3.4 billion (AED12.6 billion) have been awarded to ADNOC Drilling to hire 8 jack-up offshore rigs. The contracts, valued at $1.5 billion (AED 5.6 billion) and $1.9 billion (AED 7 billion) respectively, awarded by ADNOC Offshore, will support the expansion of ADNOC’s crude oil production capacity to five million barrels

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Borr awarded work for the Prospector 5

August 8, 2022
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Borr Drilling announced it has received a binding Letter of Intent (“LOI”) for the premium jack-up drilling rig “Prospector 5” from an undisclosed operator in West Africa. The 6-well firm program is expected to commence during Q4 2022 and has an estimated duration of fourteen months plus options. This LOI, which is expected to be converted into a

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International Rig Count up 82 units from last year

August 8, 2022
| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for June is 833, up 9 units from the count in June and up 82 units from the 751 counted in July 2021. Latin America is up 3 units to 163 from the June count of 160 and is up 29 units year over year. The Asia-Pacific

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TechnipFMC awarded major EP&C contract offshore Guyana

August 4, 2022
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TechnipFMC has been awarded a significant (1) contract by ExxonMobil affiliate, Esso Exploration and Production Guyana, for the Gas to Energy Project in Guyana. Subject to final project sanction, TechnipFMC will provide engineering, procurement, construction and installation of subsea risers and pipelines. The project will connect the production from Liza Destiny and Unity back to shore, delivering associated gas from the field to a gas-fired

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Shell awards Bilfinger multi-million dollar maintenance contract offshore GOM

August 4, 2022
| Archives

Bilfinger has been awarded a multi-million dollar annual contract for the routine mechanical maintenance scope for Shell's oil and gas platforms in the Gulf of Mexico (GOM). The industrial services provider will be responsible for all routine maintenance services and fabrication across Shell’s Deepwater GOM fleet for a minimum of three years, with the option to extend for a

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Saipem awarded over $300 million E&C contract of the cost of Italy

August 4, 2022
| Archives

Saipem has been awarded an offshore E&C contract by Enimed, a subsidiary of Eni, for the Transportation and Installation of an offshore gas pipeline connecting the four wells of Argo and Cassiopea fields to the Sicilian coast (Italy), worth approx. 300 million Euro. With a length of 60 km and a maximum water depth of 660 mt, the 14” gas pipeline will be

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Transocean awarded two new contracts, over 7 years of backlog valued at $1.2 billion

August 4, 2022
| Archives

Transocean has announced that the ultra-deepwater drillship, Deepwater Conqueror, has been awarded a two-year contract by a major operator for work in the U.S. Gulf of Mexico at $440,000 per day with up to an incremental $39,000 per day for additional products and services. Excluding revenue associated with the additional products and services, the new contract adds an estimated $321 million in backlog and is

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Petrofac awarded $200 million EPC contract in Algeria

August 4, 2022
| Archives

Petrofac, leading a consortium with Genie Civil et Batiment (GCB), has received notification of a provisional award for an engineering, procurement and construction contract with Sonatrach for the Tinrhert EPC2 Development Project in Algeria. The contract is valued at approx. US$300 million, with Petrofac’s share around US$200 million. Located in Alrar, around 1,500 kms southeast of Algiers, EPC2 will provide a new Central Processing

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