Australia opens up bidding on 21 offshore blocks
The Coalition Government today announced the 2021 Offshore Petroleum Exploration Acreage Release, with around 80,000 square kms of new acreage available for exploration in Commonwealth waters.
Valaris lands 3 year contract with North Oil Company
Valaris Limited announces that it has been awarded a three-year contract with North Oil Company offshore Qatar for VALARIS JU-110.
Noble notes floater demand increase of 13% over next 3 yrs
Noble issued an updated Investor Presentation and fleet status update, noting upticks in every operating region for floaters, some are forecasted to be up as much 13% through 2024.
BofA raises Brent forecast to $100 per bbl in 2022
BofA Global Research raised its Brent crude price forecasts for this year and next, saying that tighter oil supply and demand balances in 2022 could push oil briefly to $100 per barrel.
Var Energi announces significant discovery in southern North Sea
Vår Energi has confirmed the discovery of oil and gas in the King and Prince exploration wells in the Balder area in the Southern North Sea.
Overtime
West Africa Weekly
Oil Prices
June 25, 2021
|
WTI $73.97 |
|
Brent $76.12 |
|
Natural Gas $3.49 |
Rig Count
U.S. & Canada – June 25, 2021
International – June 4, 2021
|
International Rigs ( +55 ) 750 |
|
U.S. Rigs ( +0 ) 470 |
|
Canada Rigs ( +9 ) 126 |
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