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Aker BP makes oil discovery south of the Boyla field in the North Sea

November 9, 2021
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Aker BP, operator of production license PL 1041, has concluded the drilling of wildcat well 24/12-7. The well was drilled about 17 kms southwest of the Bøyla field in the North Sea, and 230 kms west of Stavanger. The primary exploration target for the well was to prove petroleum in reservoir rocks from the Palaeocene in the Hermod Formation. The secondary

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Exxon finds oil in Titan block of Santos Basin

November 9, 2021
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ExxonMobil notified the National Petroleum Agency (ANP) of the discovery of traces of oil in the pioneer well 1-EMEB-2-RJS (Titã-1), in the Titan block in the Santos Basin. The milestone was reached approximately three months after the start of drilling at the site, which is being carried out by the West Saturn drillship, chartered by Seadril. The

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Ocean BlackLion renews for 2 more years with BP in the GOM

November 9, 2021
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Diamond issued a fleet update earlier this month and it showed that BP has exercised the two-year option on its contract for the ultra-deepwater drillship Ocean BlackLion for further operations in the US Gulf of Mexico. Diamond has also secured further work for its semisub Ocean Apex offshore Australia with BHP. Source: Diamond Drilling Join our mailing list here

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KCA Deutag grabs up to $185 million in drilling contracts

November 9, 2021
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Global drilling, engineering and technology provider, KCA Deutag, has been awarded contracts worth almost $185m from leading exploration and production companies across key markets in the Middle East region. Multiple rig extensions have been confirmed in Saudi Arabia, representing 13 years’ work across three rigs, and in Oman, one-year contract extensions have been awarded for two heavy

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Noble issues Q3 update, backlog sits at $1.5 billion

November 5, 2021
| Archives

Robert W. Eifler, President and Chief Executive Officer of Noble Corporation, stated "I am pleased with the performance of the Noble team over the third quarter. Notably, the Noble Lloyd Noble has now started its contract for Equinor in Norway and I'd like to thank our employees and local business partners for their effort and focus.  We also recently

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New contracts and extensions for Noble in recent fleet update

November 5, 2021
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New Contract Activity Australia Noble Tom Prosser – 9 additional one-well priced options added to Santos contract Norway Noble Lloyd Noble – First of 12 one-well options exercised by Equinor Suriname Noble Gerry de Souza – Contract signed with APA Corporation for 1 firm well + 2 one-well priced options United Kingdom Noble Hans Deul – First of 2 one-well options exercised

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Borr doubles cash position from Q2 to Q3 in recent update

November 5, 2021
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Highlights: Activating Ran, Gerd, Groa and Mist for contracts – 17 rigs currently committed The Company had ten rigs available in Q2 – now reduced to six Activating Ran, Gerd, Groa and Mist for contracts – 17 rigs currently committed Cash balance doubled from Q2 to Q3 First milestone reached with regards to extending the 2023 debt maturities and commitments

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Equinor pulls out of Ireland offshore wind market

November 5, 2021
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Norwegian energy company Equinor has taken the unusual decision to abandon the budding Irish offshore wind market, ending a partnership with the nation's Electricity Supply Board (ESB) after just two years.  In 2019, Equinor reached a deal with the ESB to turn the Moneypoint coal-fired power station in County Clare into a hub for offshore wind development, with

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Glencore to sell Chad oilfields to Perenco

November 5, 2021
| Archives

Glencore has reached an agreement to sell its oilfields in Chad to the Anglo-French oil company Perenco, the general manager of Glencore’s local subsidiary said in a letter to employees seen by Reuters on Thursday. A Glencore spokesperson declined to comment. Source: Reuters Join our mailing list here

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