Each week we share with you trending articles in the industry
Petrobras launches tender for 5 offshore rigs
The state-owned company published a public notice to contract up to five offshore drilling rigs. The opening of the envelopes with the bidders’ proposals is scheduled for March 15th.
Petrobras launches tender for 5 offshore rigs
Higher dayrates and more work for Transocean
During Transocean’s last earnings call, CEO, Jeremy Thigpen, said that, just last week, BHP exercised one of its options on the 2014-built Deepwater Invictus drillship at an increased day rate of $215,000.
Higher dayrates and more work for TransoceanTransocean continues to increase revenue and reduce debt
Transocean released their fourth quarter report on Monday and its total contract drilling revenues was $690 million compared with $773 million in the third quarter of 2020 and $792 million in the fourth quarter of 2019.
Transocean continues to increase revenue and reduce debtCreditors for Seadrill New Finance Limited agree on forbearance
Seadrill Limited announces that Seadrill New Finance Limited (the “Issuer”), a subsidiary of the Company, has agreed to extend the existing forbearance agreement announced on 11 February 2021 with respect to the 12.0% senior secured notes due 2025 (the “Notes”) with certain holders of the Notes (the “Note Holders”).
Creditors for Seadrill New Finance Limited agree on forbearanceGoldman raises Q3 Brent price forecast to $75 per bbl
Goldman Sachs Commodities Research raised by $10 its Brent crude oil price forecasts for the second and third quarters of 2021, citing lower expected inventories, higher marginal costs to restart upstream activity and speculative inflows.
Goldman raises Q3 Brent price forecast to $75 per bbl
Overtime Ep 11
What is the Cost of a Peace Sign, Saudi’s $10 Bill Pipeline, Wild Amazon Items
West Africa Weekly Ep 6
Nigeria Freezes Shell’s Accounts, Senegal Oil and Gas Reform and Much More
Oil Prices
February 26, 2021
|
WTI $61.53 |
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Brent $64.40 |
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Natural Gas $2.77 |
Rig Count
U.S. & Canada – February 26, 2021
International – February 5, 2021
|
International Rigs ( +12 ) 677 |
|
U.S. Rigs ( +5 ) 402 |
|
Canada Rigs ( -9 ) 163 |
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