Buyers circle Seadrill as it plots exit from bankruptcy
Seadrill is trying to emerge from its second U.S. Chapter 11 bankruptcy in four years: like many in the industry, it expanded its drilling rigs too aggressively in the mid-2010s to withstand a subsequent plunge in energy prices and rig hire rates. It is negotiating a deal to restructure its more than $7 billion debt pile in exchange for handing company control to its creditors.
Borr bags more work in Mexico
Borr Drilling Limited announced that it has received a Letter of Award from an international oil company for additional work in Mexico.
Sapura bags new drilling contracts offshore Malaysia and Thailand
Sapura Drilling announced multiple contract awards offshore Malaysia and Thailand.
Transocean issues fleet status update, holds $7.3 billion in backlog
Transocean Ltd. issued their quarterly Fleet Status Report and contract information for the company’s fleet of offshore drilling rigs.
Halliburton and Nabors integrate digital assets for well planning and execution
Halliburton is working with Nabors Industries to connect digital well planning from their Well Construction 4.0 to Nabors’ SmartRig® system, helping customers increase efficiencies, access well elements and real-time information.
Overtime Ep 20
– Oil Prices – Renewable Diesel – Rig Counts – Jake Paul and Tyron Woodley – USFL Relaunch – Red Snapper – Houston Comicpalooza – Who Could Actually Have Beaten Thanos – Duct Taped to a Helicopter
West Africa Weekly Ep 13
– Oil Prices – Angola sees over $1 billion of interest in recent bid round – Woodside readies Diamond's BlackRhino for work offshore Senegal – AEC: If you Boycott Africa Oil & Gas Sector, Africa will Boycott you – ReconAfrica and NAMCOR granted seismic permit for Namibias Kavango basin
Oil Prices
July 26, 2021
|
WTI $71.70 |
|
Brent $74.01 |
|
Natural Gas $4.06 |
Rig Count
U.S. & Canada – July 23, 2021
International – July 4, 2021
|
International Rigs ( +8 ) 758 |
|
U.S. Rigs ( +7 ) 491 |
|
Canada Rigs ( -1 ) 149 |
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