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Record breaking $87 million services contract between Weatherford and Petrobras

September 14, 2019
| Archives

Weatherford International plc, announced the signing of an $87 million contract for fishing and intervention services with Petróleo Brasileiro S.A., which is more commonly known as Brazilian-based multinational corporation Petrobras. The four-year agreement represents the largest fishing contract ever signed by Weatherford. It also constitutes the largest single global award for this scope in the recent past.   “Weatherford is the

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Tamarind axes drilling plans after only one well with COSL Prospector

September 14, 2019
| Archives

Tamarind Resources has halted drilling at its Tui oil field off the Taranaki coast after the first of the three planned wells came up dry. Managing director Ian Angell says that despite the “unexpected†result from the first well, the firm believes the other two prospects are worth pursuing. But the company will not continue the programme “at this

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Oil and Gas Blockchain Tech: Data Gumbo First Contract to Implement a Blockchain Pilot in Water Haulage

September 14, 2019
| Archives

Data Gumbo Corp., a Houston-based technology company that has developed the blockchain-as-a-service (BaaS) platform GumboNet™ to streamline smart contracts for oil & gas, today announced that the Offshore Operators Committee (OOC) Oil & Gas Blockchain Consortium has awarded the company its first contract to implement a pilot blockchain in water haulage. This pilot is the first industry-wide use of

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Noble grabs two contract extensions in their latest fleet status update

September 13, 2019
| Archives

Noble issued their most recent fleet status update with new additions: In the middle east the Noble Mick O’Brien – Contract extension, which pushes it out until late-October 2019 and extending to late-March 2020. Over in Australia the Noble Tom Prosser – Five of six option wells exercised, extending the contract to August 2020. Pictured: Noble Sam Hartley Full update

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Exploring the planet through to 2050 may include new Chinese drillship

September 13, 2019
| Archives

China may have a new drill ship ready to sail by the early 2020s. Its geological survey is building a vessel that is supposed to focus on searching for gas hydrates close to the Chinese coast, but that ship could also be sent on international research expeditions. Representatives from the Chinese ocean-drilling community are expected to discuss

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International Rig Count down by 24 rigs in August

September 12, 2019
| International Rig Count

Baker Hughes issued their international rig count data, here is the break down: The international rig count for August was 1,138, down 24 from the 1,162 counted in July and up 130 from the 1008 counted in August 2018. Latin America is up 7 units from the previous month to 194 and is up 2 units year-over-year. The Asia-Pacific region

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Popular News – Top 5 from this past week!

September 12, 2019
| Weekly Rundown

We had 10k page views this past week and the top 5 grabbed up 8k of them, below are our top 5 articles for the week of Sep 2 – Sep 8! #1 with 7,761 views Transocean announces the retirement of the “original†dual activity drillships #2 with 324 views Sonadrill Joint Venture Awarded 9 Well Contract #3 with 148 views Northern

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End of an era: ExxonMobil set to make its exit from Norway

September 6, 2019
| Archives

Oil major Exxon Mobil Corp. has agreed to sell its Norwegian oil and gas assets for up to $4 billion, Reuters reported citing sources familiar with the matter. The deal would mark the company’s exit from production in Norway after more than a century. In June, the company had said that it was looking to sell its Norwegian upstream

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