+1(833) 396-4204 info@riglynx.com
Menu

Archives

Exxon comes up short on Jabillo 1 says partner Eco

July 5, 2021
| Archives

Oil and gas exploration company Eco (Atlantic) Oil & Gas said the Jabillo-1 well in the Canje Block, offshore Guyana, would be plugged and abandoned after no evidence of commercial hydrocarbons were found. The company would now move onto spudding the Sapote-1 well, expected in mid-August 2021 with an estimated drilling time of up to 60 days. 'While today's

Read More...

Petrobras extends Transocean’s PB10K for another 2 years

July 5, 2021
| Archives

Petrobras will extend the term of the charter contract for the Petrobras 10.000 drillship, operated by Transocean. The two companies closed an agreement for another two years. The information was confirmed by sources from PetroleoHoje. According to an investigation, the value of the drilling unit’s charter rate was kept unchanged, at around US$300,000/day. The possibility of extending the

Read More...

Nigeria passes new petroleum bill

July 2, 2021
| Archives

As Nigerian lawmakers pass petroleum bill, Mansur Mohammed, from Wood Mackenzie’s sub-Saharan Africa upstream research team, stated there is still work to do. The impact of the fiscal terms will need to be fully assessed before investors can take decisions, and the degree of change will be dependent on terrain and the type of project. Mohammed added, “The Senate

Read More...

A booming FPSO market

July 2, 2021
| Archives

Τhe FPSO market is booming this year, with more contracts awarded in the second quarter of 2021 than during the full year 2020. Rystad Energy expects FPSO awards to reach a total of 10 units in 2021, with another 10 following next year, creating a very healthy project line-up for contractors, effectively doubling their pipeline. Four FPSOs were awarded in

Read More...

Equinor awards TechnipFMC with major EPC contract

July 2, 2021
| Archives

TechnipFMC has been awarded a significant (1) Engineering, Procurement, Construction and Installation contract by Equinor for the Kristin Sør field in the North Sea. TechnipFMC will supply rigid pipelines, static and dynamic umbilicals, as well as pipeline and marine installation of the subsea production facilities. Jonathan Landes, President, Subsea at TechnipFMC, commented: 'We are proud to collaborate closely with Equinor once again, working together from

Read More...

Exxon and Repsol gearing up for Columbia campaign 2022

July 2, 2021
| Archives

Oil majors are gearing up to explore off the coast of Colombia, offering hope to a country struggling to reverse declines in reserves and output of its biggest export. Royal Dutch Shell Plc is planning to drill this year in the Caribbean, while Exxon Mobil Corp., Repsol SA and state-controlled Ecopetrol SA will follow suit in 2022, Energy

Read More...

ARO extends the contract for Valaris JU250

June 30, 2021
| Archives

Valaris has been awarded a 200-day extension to its bareboat charter agreement with ARO Drilling for VALARIS JU-250 (Bob Palmer), a heavy-duty ultra-harsh environment jackup. The extension is in direct continuation of the existing contract and, as a result, the VALARIS JU-250 is now expected to be under contract through the end of 2021. ARO Drilling’s contract with Aramco has been extended for

Read More...

Carnarvan books jackup for work offshore Australia

June 30, 2021
| Archives

After an Invitation to Tender process, a preferred rig for drilling the Buffalo-10 well has been selected. Carnarvon has signed a LOI with the relevant rig contractor, and a formal rig contract, consistent with the terms of the LOI, is now being finalized. Carnarvon is expecting to take possession of the rig upon completion of its current drilling operations, which is planned to occur around the end of October 2021.  The final well timing will be subject to securing remaining drilling support services and equipment, and joint venture and regulatory approvals, all of which are in progress. The Buffalo-10 well

Read More...

Norway’s energy firms plan $1.7 billion oil, gas developments

June 30, 2021
| Archives

Equinor and Aker BP set out plans to develop four oil and gas discoveries with a total price tag of 14.5 billion Norwegian crowns ($1.69 billion) as part of Norway’s efforts to maximize output from its existing fields. The Nordic nation, which began to extract oil and gas 50 years ago, believes it has still only pumped about

Read More...

Saipem charters ex-Ocean Rig newbuild from Samsung

June 29, 2021
| Archives

Saipem signed a bareboat charter contract with the Samsung Heavy Industries Company yards for a new drillship, the Samsung Santorini which will be delivered in November 2021. The bareboat charter of about two years duration allows Saipem to strengthen the competitiveness of its fleet without investing in new assets, but by leveraging its consolidated expertise in the

Read More...