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Velesto grabs 7 well deal for the Naga 4

December 12, 2019
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The Board of Directors of Velesto Energy Berhad (“VEBâ€) is pleased to announce that Velesto Drilling Sdn. Bhd. (“VEDâ€), a wholly-owned subsidiary of Velesto Malaysian Ventures Sdn. Bhd. (“VMVâ€), which in turn is a wholly-owned subsidiary of VEB, has received a Letter of Award from Mubadala Petroleum’s entity, MDC Oil & Gas (SK 320) Ltd (Mubadala Petroleum),

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Archer receives 2 year LOI for the Topaz

December 12, 2019
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Archer has entered into a Letter of Intent (LOI) with a North Sea operator for the provision of drilling services using the modular drilling rig Archer Topaz. The LOI is for a firm contract period of 2 years and 3 months, with options for an additional 7 months of work following the initial contract period. A final

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Energy Drilling picks up 3 year contract with PTTEP for the EDrill-1

December 12, 2019
| Archives

Energy Drilling has been awarded a contract by PTT Exploration & Production International (PTTEP) on the 4th December 2019 to provide drilling services on the Arthit field in Gulf of Thailand. This contract secures employment for the high specification tender rig EDrill-1, for a firm term of 3 years and 4 months with an option period of

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U.S. holds most successful Alaska oil and gas lease sale in 13 years

December 12, 2019
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The United States held its most successful Alaska oil and gas lease sale in more than a decade, officials said, with the majority of bids coming from a new player, North Slope Exploration LLC. There were more than $11 million in total high bids for about 1 million acres (0.4 million hectare) in the National Petroleum Reserve of

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JDC awarded a 4 well deal for the Hakuryu 11

December 11, 2019
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Japan Drilling Co., Ltd. agreed to provide drilling services with a jack-up drilling rig “HAKURYU-11†to a certain operator based on the subcontract with PetroVietnam Drilling & Well Services Corporation who secured the additional drilling contract from the operator. The main terms of the additional drilling contract are as follows: 1. Period of Contract：4 firm wells (approx. 300 days)

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ADES awarded drilling contracts from Baker Hughes

December 11, 2019
| Archives

ADES International Holding PLC, a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), is pleased to announce that it has secured its first onshore deep drilling contracts under a Lump Sum Turnkey (“LSTKâ€) project in Kuwait with Baker Hughes for ADES 180 and ADES 878. Both contracts were awarded

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Exxon wins the climate change case against New York

December 11, 2019
| Archives

Exxon Mobil Corp. won a closely watched trial over its accounting for the financial risks of climate change, in an outright rejection of New York state’s claim that the energy giant engaged in a cynical scheme to mislead investors for years. Tuesday’s ruling, by New York Supreme Court Justice Barry Ostrager in Manhattan, is a blow to the state’s attorney general,

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Noble and Shell complete JV agreement for Bully I and Bully II

December 9, 2019
| Archives

Noble Corporation plc, a public limited company incorporated under the laws of England and Wales (“Nobleâ€), completed the previously disclosed transaction with a subsidiary of Royal Dutch Shell plc (“Shellâ€) relating to the two joint ventures in which Noble and Shell each held a fifty percent interest (the “Bully I and Bully II joint venturesâ€). In such

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Northern contemplates spinning off their Harsh Env rigs to Northern Ocean LTD

December 9, 2019
| Archives

Northern Drilling Ltd. is contemplating to spin-off its two harsh environment rigs, West Mira and West Bollsta, together with related operating companies through its wholly-owned subsidiary Northern Rig Holding Ltd. (to be renamed Northern Ocean Ltd.) (“NOLâ€). With West Mira having commenced operations for Wintershall Norge AS and West Bollsta on schedule for contract start-up with Lundin

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