Vantage Drilling sells 3 jackups to ADES and pursues global strategic alliance
Vantage Drilling International has agreed to sell to ADES Arabia all of the issued and outstanding equity of VHI’s wholly-owned subsidiary, Emerald Driller Company for a purchase price of US $170 million cash.
Vantage puts the Tungsten Explorer back to work in Egypt
In a recent press release issued by Vantage Drilling International, they have indicated that the Tungsten Explorer, a 6th generation drillship, operated under a joint venture between ADES and Vantage (ADvantage) has returned to work in Egypt for an anticipated 150 days
Global oil and gas discoveries hits lowest level in 75 years
Global oil and gas discoveries in 2021 are on track to hit their lowest full-year level in 75 years should the remainder of December fail to yield any significant finds.
Valaris JU-107 headed to Buffalo-10 for spud in
Carnarvon Energy has announced that the Valaris JU-107 jack-up drilling rig is currently en-route to the Buffalo-10 location. Drilling is expected to commence within a week.
Maersk Drilling launches Horizon56
For the past two years, Maersk Drilling has spearheaded an innovative effort to develop a first-of-a-kind product to support digitalization of offshore drilling processes.
Overtime Episode 26
- Oil Prices
- Omicron Effects, Price Rebound
- Biden Taking the Fed Green
- Blue Origin Delays Michael Strahan’s Flight
- WWE Racks Up College Recruits
- 850lb Pot Brownie
- Camels Disqualified from Beauty Contest
Oil Prices
Dec 29, 2021
|
WTI $75.91 |
|
Brent $78.94 |
|
Natural Gas $4.05 |
Rig Count
U.S. & Canada – December 23, 2021
International – December 3, 2021
|
International Rigs ( +17 ) 817 |
|
U.S. Rigs ( +7 ) 586 |
|
Canada Rigs ( -34 ) 133 |
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