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International Rig Count is up 27 units this month

September 4, 2022
| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for August is 860, up 27 units from the count in July and up 83 units from the 777 counted in August 2021. Latin America is up 9 units to 172 from the July count of 163 and is up 34 units year over year. The Asia-Pacific

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US oilfield jobs rise again in August, close to pre-pandemic levels

September 3, 2022
| Archives

Employment in the U.S. oilfield services, and equipment sector rose by an estimated 6,865 jobs to 648,914 in August, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology Council. Gains in August make OFS employment the highest since the COVID-19 pandemic began, but still off the pre-pandemic mark

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ARO Drilling announce 3 year contract for jack up V-141

September 3, 2022
| Archives

ARO Drilling recently announced via social media that Saudi Aramco has awarded them with a three-year contract for Rig V-141 with a commencement date of August 9, 2022. This award is a result of our long track record of successfully delivering safe and efficient operations and our commitment to the growth of Saudi Arabia's energy sector. Soucre: ARO Drilling Join

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Shell and Total Namibia oil discoveries likely in billions of barrels

September 2, 2022
| Archives

Namibian offshore oil and gas discoveries by TotalEnergies and Shell are of commercial quantities, likely in the billions of barrells, the southern African nation’s mines and energy minister said on Friday. Both companies announced earlier this year that they had made “significant” discoveries offshore Namibia, and are currently making assessments. The companies did not detail the quantities found but

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Kotug closes on Seaways acquisition

September 2, 2022
| Archives

Dutch marine services and towage firm KOTUG has closed the acquisition of Seaways, first announced in April. The fee was not disclosed. "The acquisition of Seaways brings together the assets, expertise and people of two leading companies that support the worldwide floating facility business such as FSO, FPSO, FLNG, FSRU and SPM Terminals. With all customary, governmental, and

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Allseas awarded major decommissioning contract in the North Sea

September 2, 2022
| Archives

Allseas has been awarded a major decommissioning contract by TAQA UK for the removal and disposal of multiple Northern North Sea (NNS) facilities. Aberdeen-based TAQA manages the UK North Sea exploration and production portfolio for UAE-headquartered utilities and energy group Abu Dhabi National Energy Company (TAQA). The engineering, preparation, removal, and disposal (EPRD) contract comprises TAQA’s Eider Alpha, Tern Alpha, North Cormorant and Cormorant Alpha platforms. The combined weight of the topsides and jackets to be removed is around 114,000 tonnes,

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Eni announce 2.5 billion bbl discovery offshore Ivory Coast

September 2, 2022
| Archives

Eni has encountered oil with its Baleine East 1X well, the first exploration well in block CI-802 and second discovery on the Baleine structure offshore Côte d’Ivoire. The results have prompted a 25% increase in the oil and gas volumes in place, which are now estimated at 2.5 billion bbl of oil and 3.3 Tcf of associated

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Ocean Apex contracted to Inpex for two wells offshore Australia

September 1, 2022
| Archives

Diamond Offshore Drilling, Inc. announced that Inpex Operations Australia Pty Ltd has entered into a contract to utilize the Ocean Apex for work on the Northwest Shelf of Australia. The new contract covers two wells and is expected to commence in the fourth quarter of 2023 in direct continuation of the rig’s prior contract, and combined with

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Diamond finds more work for Aquadrill’s Vela

September 1, 2022
| Archives

Diamond Offshore announced it has entered into a contract with BOE Exploration & Production LLC for the Diamond-managed drillship Vela for work in the U.S. Gulf of Mexico. The Vela was awarded a contract with a minimum duration of 225 days for a total value of approximately $88 million. The contract also includes options for up to

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