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ADES secures contract renewals for seven rigs in KSA

April 29, 2021
| Archives

ADES International Holding PLC, a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), announces that it has secured contract renewals for seven of its rigs in KSA. The contracts cover offshore rigs AD 655, AD 656, AD 266 and AD 261, and onshore rigs ADES 40, ADES 799 and

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Transocean issues fleet status update, sitting with $7.4 billion backlog

April 29, 2021
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Transocean Ltd. issued their quarterly Fleet Status Report and contract information for the company’s fleet of offshore drilling rigs. This quarter’s report includes the following updates: Deepwater Asgard – Awarded a three-well contract, plus a one-well option in the U.S. Gulf of Mexico Deepwater Invictus – Customer exercised a one-well option in the U.S. Gulf of Mexico Deepwater Nautilus –

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PetroNor Receives Approvals for Guinea-Bissau Offshore Blocks

April 27, 2021
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PetroNor announced that it has received the necessary approvals in Guinea Bissau to complete its acquisition of three blocks per the terms of the share purchase agreement. PetroNor will assume 78.57% interest as Operator of the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, which have been extended for 3 years and are

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Archer acquires DeepWell

April 27, 2021
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Oilfield services firm Archer said it has signed an offer letter with Moreld laying out principle terms to purchase 100% of the shares in DeepWell, a Norwegian well intervention company focused on mechanical wireline and cased hole logging services. The contemplated transaction is subject to due diligence, negotiation of the transaction documentation, closing conditions and regulatory approvals, Archer

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Deepwater Asgard secures contract with Beacon Offshore Energy

April 27, 2021
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According to Esgian, an Oslo based company that provides analytical tools for the energy industry, has reported that Transocean was awarded a contract for the Deepwater Asgard from Beacon Offshore Energy. It is scheduled to start in June 2021. No mention of duration or dayrate Source: Esgian Join our mailing list here

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Seadrill lands fresh 4 year contract with the Saturn offshore Brazil

April 27, 2021
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Seadrill Limited has secured a four-year firm contract with four one year options, for the West Saturn drillship with Equinor Brasil Energia Ltda for work on the Bacalhau field in Brazil. Total value for the firm portion of the contract is expected to be approximately $380 million (inclusive of mobilization, upgrades, and integrated services revenue) with a performance

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Indian Oil Ministry pushes ONGC for privatization of marginal assets

April 26, 2021
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The petroleum ministry has told India's largest oil and gas producer ONGC to sell stake in producing oil fields such as to Ratna R-Series to private firms, get foreign partners in KG basin gas fields, monetise existing infrastructure, and hive off drilling and other services into a separate firm to raise production. Amar Nath, additional secretary (exploration) in

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Dana Gas Terminates Agreement for Sale of Egyptian Assets

April 26, 2021
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Dana Gas PJSC, the Middle East’s largest private sector natural gas company, today announced the termination of its agreement for the sale of its Egyptian assets, announced on 25th October 2020. A number of conditions precedent to the transaction could not be completed to the satisfaction of both parties prior to the long stop date of the Sale

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BW Energy resumes drilling offshore Gabon

April 26, 2021
| Archives

BW Energy has announced the resumption of a three-well drilling campaign on the Dussafu license offshore Gabon, which consists of two exploration wells in the Hibiscus area and one production well on the Tortue field. The current campaign will start with the Hibiscus Extension appraisal well (DHIBM-2), located about 56km from the coast in 119m water depth.

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