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Bassoe: Floater Report

November 18, 2019
| Archives

Floater utilization is making another move upward, with several contracts being awarded lately for 2020 work. Contract duration’s are varied, but day rates are increasing in benign and harsh environments. Primary markets like Brazil, US Gulf, Mexico, and West Africa are experiencing higher activity, but recent awards in less prominent areas like Peru and Oman are promising

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Popular News – Top 5 from this past week!

November 18, 2019
| Weekly Rundown

We had 4.3k page views this past week and the top 5 grabbed up 1k of them, below are our top 5 articles for the week of Nov 11 – Nov 17! #1 with 473 views Shelf Drilling issues fleet update status #2 with 154 views ADNOC Announces Major Rig Fleet Expansion Program #3 with 135 views Karoon and Tullow line

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Karoon and Tullow line up the Stena Forth for one well in Peru

November 16, 2019
| Archives

Karoon Energy Ltd (“Karoonâ€) is pleased to announce that it has executed binding agreements with Stena Drilling Ltd (“Stenaâ€) and Tullow Oil Limited (“Tullowâ€) to contract the “Stena Forth†Dynamically Positioned Drillship. The “Stena Forth†has been contracted to drill one well, being the Marina-1 exploration well, in Karoon’s 40% owned and operated Block Z-38 in the

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Shelf Drilling issues fleet update status

November 16, 2019
| Archives

New Contracts and Extensions High Island II, High Island IV, Main Pass I and Main Pass IV secured four-month extension each with Saudi AramcoHigh Island VII secured a contract extension for three-year firm plus two (2) one-year options with ADNOC DrillingRig 141 secured a contract extension for 165 days firm plus two (2) three-month options with GempetcoTrident II

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ADNOC Announces Major Rig Fleet Expansion Program

November 14, 2019
| Archives

ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced today a major rig fleet expansion program to support ADNOC’s upstream growth plans and enable the delivery of its 2030 Smart Growth Strategy.  In the first phase of the wider expansion program, ADNOC acquired, in November 2019, four technologically advanced and UAE-built land rigs with

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Maersk Drilling signs on the Developer for a two-well contract in Trinidad

November 14, 2019
| Archives

Maersk Drilling has entered a contract with BG International Ltd., a subsidiary of Shell, for work offshore Trinidad and Tobago on a two-well development project for the semi-submersible rig Mærsk Developer. The contract has an estimated duration of 171 days and is expected to commence in Q1 2020. The value of the firm contract is approximately USD 39m,

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Popular News – Top 5 from this past week!

November 11, 2019
| Weekly Rundown

We had 4k page views this past week and the top 5 grabbed up 1.7k of them, below are our top 5 articles for the week of Nov 4 – Nov 10! #1 with 395 views Borr adds $151m to backlog with new contracts #2 with 382 views Island Drilling signs deal with Capricorn Norge #3 with 382 views Pacific Drilling

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Sembcorp delivers the Helix Q7000 Semi-Submersible

November 11, 2019
| Archives

Sembcorp Marine delivered the Q7000 well intervention semi-submersible rig to Helix Energy Solutions Group, Inc., following a fruitful collaboration between the two companies to complete the project amid challenging market conditions. Measuring 93.6m in length and 61.1m in breadth, the Q7000 was jointly designed by Sembcorp Marine and Helix. The vessel can perform a wide range of production

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Maersk Drilling awarded one-well deal for the Interceptor

November 11, 2019
| Archives

Maersk Drilling has secured a one-well contract for the ultra-harsh environment jack-up rig Maersk Interceptor with MOL Norge for exploration drilling on PL617 in the Southern North Sea, operated by MOL Norge in partnership with Wintershall Dea and OMV Norge. The estimated contract value is USD 16.5m. The contract is expected to commence in August 2020, with an

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