+1(833) 396-4204 info@riglynx.com
Menu

Author: Admin

Global onshore rig demand forecast for 24% growth by 2026

August 26, 2022
| Archives

The outlook for onshore rig demand is improving with elevated commodity prices spurring increased drilling activity in many regions (from the lows of 2020 and 2021). Westwood expects to see a stronger increase in activity than previously forecast, however, operators remain wary of threats such as rapid changes in commodity pricing and the pricing of drilling materials

Read More...

Carbon capture market update from Wood MacKenzie

August 26, 2022
| Archives

The planned global carbon capture, utilisation and storage (CCUS) capacity pipeline has reached 905 million tonnes per annum (mtpa), with more than 50 new projects announced this quarter, says Wood Mackenzie, a Verisk business. These findings come from Wood Mackenzie’s ‘CCUS Market Update for Q2 2022’ report. Lucy King, Senior Research Analyst and author of the report, said: “Despite

Read More...

Shell to mobilize the Maersk Voyager for one well offshore Mexico

August 26, 2022
| Archives

CNH gave Shell the go-ahead to drill an exploratory well in ultra-deep waters off the coasts of Veracruz and Tabasco. The drilling of Aluk-1EXP will take place within contractual area CNH-R02-L04-AP-CS-G04/2018 and is included as part of the incremental alternative scenario of the modification to the original exploration plan, already approved by CNH on February 15, 2022

Read More...

Neptune Energy announce new oil and gas discovery

August 26, 2022
| Archives

Britain’s Neptune Energy has made another oil and gas discovery near its Gjoea field in the Norwegian sector of the North Sea, its second such find this year. The Ofelia discovery, located some 15 kilometres north of Gjoea production platform, is preliminarily estimated to hold between 16 million and 39 million barrels of oil equivalent (boe), Neptune said

Read More...

Northern Ocean awarded a contract for the Deepsea Bollsta

August 25, 2022
| Archives

Northern Ocean Ltd. is pleased to announce a contract award for Deepsea Bollsta from Shell Upstream Namibia B.V., a subsidiary of Shell Plc., for work in a benign environment market. The contract is expected to commence in the middle of the 4th Quarter 2022 and has an estimated firm duration of twelve months plus one six-month option.

Read More...

ADNOC purchases ex Oro Negro jackup for $70 million

August 24, 2022
| Archives

ADNOC Drilling signed a sale and purchase agreement (SPA) to acquire an additional offshore jack-up drilling unit (rig) for $70 million. The cost of the acquisition is part of the company’s three-year guidance on capital expenditure and strategic plans to expand its existing business. The SPA is the third signed by ADNOC Drilling in recent months, with an agreement

Read More...

Odjfell awarded 5 year contract for the Deepsea Stavanger

August 24, 2022
| Archives

Deepsea Stavanger has been awarded a five-year firm contract with Aker BP ASA for drilling programs scheduled to commence early 2025. The day rates for the contract will be market based, within a pre-agreed range. Day rate to be set by two brokers nine months prior to each calendar year. The base contract value is in the range of USD

Read More...

Australia announce new offshore oil and gas acreage up for lease

August 24, 2022
| Archives

The Australian Department of Industry, Science and Resources has announced the offshore petroleum acreage lease for 2022. There are 10 areas available for offshore oil and gas exploration. They are offshore of: Northern Territory Western Australia Territory of the Ashmore and Cartier Islands Victoria Bidding will close at 4:00 pm on Thursday 2 March 2023. Source: Australia DISER Join our mailing list here

Read More...

Converted jackup to production facility makes sail toward Gabon

August 24, 2022
| Archives

BW Energy is pleased to announce the sail away of the BW MaBoMo (formerly Hibiscus Alpha) offshore production facility. The production facility is currently onboard a heavy-lift vessel in transit to the Dussafu license offshore Gabon where it will be installed to produce oil from the Hibiscus and Ruche fields. The BW MaBoMo is expected to arrive on the field at the end of September for

Read More...