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Saipem Looking for a Drilling Partner

October 26, 2019
| Archives

Italian oil service group Saipem is pressing ahead with plans to find a partner for its drilling unit to focus on its core business of building offshore installations and pipelines, the company’s chief said on Thursday. Saipem makes most of its revenues from its engineering and construction (E&C) unit but wants to keep exposure to drilling to capture

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Semi Sub Delba III sold to OOS International

October 26, 2019
| Archives

The Dutch group OOS is the new owner of the semi-submersible ODN Delba III, which until August was part of Ocyan’s fleet in Brazil. The company acquired the equipment after settling the operation with a pool of banks financing the unit, led by the Inter-American Development Bank (IDB). Made in conjunction with a Mexican investment bank, the acquisition

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New contract awards and extensions- Valaris

October 26, 2019
| Archives

Valaris released its latest fleet update status this week! Floaters VALARIS DS-16 (Resolute) contract with Fieldwood in the U.S. Gulf of Mexico extended by approximately 180 days from March 2020 to September 2020 due to an extension of the contract to complete the well in progress and the exercise of a 90-day optionVALARIS DS-15 (Renaissance) awarded a one-well contract

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Technavio: Oil and Gas storage market to grow by $1.25 billion by 2023

October 23, 2019
| Archives

  The global oil and gas storage service market size is poised to grow by USD 1.25 billion during 2019-2023, according to a new 127 page report by Technavio, progressing at a CAGR of over 2% during the forecast period.  The market is driven by the increasing investments in oil and gas pipeline projects. Also, the growing refinery capacity

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Snapshot of the Deepwater Titan

October 23, 2019
| Archives

As with all new things there comes a generation of rigs with new kit on it and this one is currently scheduled to be on the water as of Q 4 2021. Introducing the Deepwater Titan, Transocean’s coined “Most Capable†ultra deepwater drillship. Subsea Well ControlDual 20K BOPs (6‐rams x 1 annular BOPs ea.) Acoustic Backup BOP Controls 20K Choke Manifold/Riser Aux

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Total Qatar extend Vantage’s Emerald Driller for an additional year

October 22, 2019
| Archives

  Vantage Drilling International announced on social media that Total Qatar has exercised a 1 year extension option onto the existing contract. This will commence in direct continuation during Q2 2020 and includes an option for an additional year. Ihab Toma, the CEO, commented “The Emerald Driller has performed superbly for Total Qatar and we are delighted with their confidence

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Bassoe: October Floater Report

October 22, 2019
| Archives

Contracting activity in the floater market has been moderate and biased toward short-term work and could continue to underwhelm until end-2019, early-2020. On a positive note, spot UDW dayrates seem to have entrenched themselves in a slightly higher range than before. The harsh environment market has been quiet apart from Transocean’s 255-day contract for the Paul B. Loyd

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Popular News – Top 5 from this past week!

October 22, 2019
| Weekly Rundown

We had 3.5k page views this past week and the top 5 grabbed up 1.6k of them, below are our top 5 articles for the week of Oct 14 – Oct 20! #1 with 652 views Maersk drillship awarded three-well contract from POSCO International #2 with 404 views Noble awarded 2 contract extension options with recent fleet status update #3 with 231

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Shell aims to operate Egypt concessions in second half, 2020

October 18, 2019
| Archives

  Royal Dutch Shell is aiming to start operating in its concession areas in Egypt in the second half of 2020, a senior executive said. Shell won three oil and two gas concessions in Egypt in February. Eni, BP and Exxon Mobil also won some of a total of 12 tenders as Egypt looks to sustain an investment upswing spurred

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