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Eni exercises options on the Saipem 10000

March 5, 2023
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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
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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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Diamond delivered another strong operational quarter

March 5, 2023
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Bernie Wolford, Jr., President and Chief Executive Officer, stated "Diamond delivered another strong operational quarter with 96.4% revenue efficiency and industry-leading safety performance. This completes a strong year in which our overall revenue efficiency was just under 94% and our safety performance beat industry averages by a large margin. I would like to thank the entire Diamond

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Var Energy confirms oil discovery in Barents Sea

March 5, 2023
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Vår Energi has confirmed discovery of oil in the operated 7122/8-1S Countach well in production licence PL229 (Goliat), northwest of Hammerfest, including updated volume estimates. The well was drilled in one of the segments that form the Countach prospect. Preliminary estimates place the size of the discovery in the tested segment between 0,5 – 2,1 million Sm3 (3-13 million bbls) of total recoverable

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ADNOC signs a USD 252 million purchase agreement for 10 hybrid land rigs

March 5, 2023
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ADNOC Drilling  has signed an agreement to purchase ten newbuild hybrid power land drilling rigs for a total of $252 million. The use of hybrid power solutions is an essential element of ADNOC Drilling’s rigorous decarbonization strategy as the Company contributes to ADNOC’s commitment to reduce greenhouse gas intensity by 25% by 2030, as well as the UAE Net Zero

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DOF announces over 35 million USD in contracts

March 5, 2023
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DOF Subsea has exercised an option for the diving support vessel Skandi Achiever, including ROV and diving services. The new commitment will now run until February 2024 and has commenced in direct continuation with the current commitment. In addition, to the newly announced contract on the RSV vessel Geoholm, DOF has just signed another contract to perform survey services for the

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Equinor buys Suncor Energy UK

March 5, 2023
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Equinor will acquire the British oil and gas business of Canada's Suncor Energy for $850 million, giving the Norwegian company stakes in several key North Sea petroleum assets. Equinor said the deal includes a 29.9% stake in the Buzzard oilfield, an additional 40% stake in the Rosebank development and will also see the Norwegian firm taking on Suncor's UK-based

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Noble remains focused on execution with 3.9 billion in backlog

March 5, 2023
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Commenting on Noble's outlook, Mr. Eifler stated, "We continue to see a very promising fundamental setup for the offshore drilling business, governed by increasingly tight industry utilization, robust customer economics and demand growth visibility and, not least, rational capital allocation in our industry. As the market improves, we remain focused on execution across all facets of our business,

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BOEM announces GOM lease sale 259

February 26, 2023
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The Bureau of Ocean Energy Management (BOEM) has announced it will hold an oil and gas lease sale in the Gulf of Mexico on March 29, 2023. Gulf of Mexico Oil and Gas Lease Sale 259 will offer approx. 13,600 blocks on 73.3 million acres in the Western, Central, and Eastern Planning Areas on the U.S. Outer Continental Shelf. The IRA mandated that

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Transocean sees multi-year upcycle in offshore drilling industry

February 26, 2023
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Offshore drilling is making a comeback after several challenging years, and Transocean, a major deepwater drilling contractor, expects to see a multi-year upcycle in the offshore drilling industry. “Looking back, 2022 will be remembered as a pivotal year in Transocean’s history,” said Chief Executive Officer Jeremy Thigpen in an announcement on the company’s financial results on Tuesday. “During the year, we

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