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Saipem charters ex-Ocean Rig newbuild from Samsung

June 29, 2021
| Archives

Saipem signed a bareboat charter contract with the Samsung Heavy Industries Company yards for a new drillship, the Samsung Santorini which will be delivered in November 2021. The bareboat charter of about two years duration allows Saipem to strengthen the competitiveness of its fleet without investing in new assets, but by leveraging its consolidated expertise in the

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Shelf bags 5 well contract with Total in Nigeria

June 29, 2021
| Archives

Shelf Drilling, Ltd. announced that it has secured a contract for the Baltic jack-up rig with Total E&P Nigeria Limited for operations offshore Nigeria. The contract duration is for five wells – estimated to be 380 days, plus additional option period, and is expected to commence in June 2021. Source: Shelf Drilling Join our mailing list here

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Rig Lynx Weekly Rundown – Australia opens up bidding on 21 offshore blocks

June 28, 2021
| Weekly Rundown

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. Read More 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

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Cyclone Drilling picks up new work with Zephyr Energy

June 28, 2021
| Archives

AIM-listed Zephyr Energy, the oil and gas company focused on responsible resource development and carbon-neutral operations in the Rocky Mountain region, has provided an update on its project in the Paradox Basin, Utah, U.S. where the Company is preparing to spud the State 16-2LN-CC appraisal well.   The Company has announced the signing of a drilling contract with Cyclone Drilling. This follows

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Chariot Oil and Gas is rig shopping for Q4 2021

June 28, 2021
| Archives

Chariot Oil and Gas issued its final results for 2020 with an operations update on the Anchois appraisal for 2021. Anchois appraisal drilling planned for Q4 2021 with 3 distinct objectives: (1) reconfirm the original discovery A&B sands; (2) provide a producer well location to be suspended for future use; (3) potentially drill the additional prospective sands and

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Energean and Stena ink 3 well deal for the IceMAX

June 28, 2021
| Archives

Stena Drilling are pleased to announce that we have signed a new contract with Energean Israel Limited for Mobile Offshore Drilling Unit (MODU) Stena IceMAX. The operations are due to commence in Q1 2022, offshore Israel for the drilling of three (3) firm wells (with an estimated duration of 180 days). In addition, there is also an option to extend the contract for up

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Chevron CFO – We have no plans to shrink our oil and gas business

June 25, 2021
| Archives

U.S. oil major Chevron Corp has no plans to shrink its oil and gas business for wind and solar energy unlike some rivals, Chief Financial Officer Pierre Breber said on Thursday, amid pressure from shareholders to lower carbon emissions. Major oil and gas producers are facing pressure from investors to lower greenhouse gas emissions and adapt their business to

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ENI and Sasol South Africa drilling plans being retaliated

June 25, 2021
| Archives

An oil and gas drilling campaign off South Africa's east coast planned by Itay's Eni and South African energy firm Sasol is being challenged in court by a group of non-governmental organizations (NGOs). The firms plan to drill up to six exploration and appraisal wells at depths of between 1,500m and 3,000m in block ER236, offshore the Kwa-Zulu Natal coast

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ENI spuds in Bahrain’s first offshore well

June 25, 2021
| Archives

Bahrain's National Oil and Gas Authority (NOGA) started drilling the first exploration well in offshore block No. 1 to the north of the kingdom, a government media adviser said on Twitter on Wednesday. The new well is part of an exploration and production agreement signed with Italian energy company Eni in 2019. Block No. 1 covers an area of

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