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Author: Admin

Northern plugs the jackup Energy Emerger into a 4 year deal offshore Abu Dhabi

September 5, 2019
| Archives

Northern Offshore Drilling Operations, Ltd., a wholly owned subsidiary of Northern Offshore, Ltd., is pleased to announce a firm Letter of Award (“LOAâ€) for the high-specification jack-up drilling unit “Energy Emerger†for work offshore Abu Dhabi in the United Arab Emirates. The term of the award is for four (4) years. The Energy Emerger is a GustoMSC

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Velesto land two well deal with Petronas for the Naga 7

September 5, 2019
| Archives

The Board of Directors of Velesto Energy Berhad is pleased to announce that Velesto Drilling Sdn. Bhd. has received a Letter of Award from PETRONAS Carigali Sdn. Bhd. (“PCSBâ€), for the Provision of Jack Up Drilling Rig “NAGA 7â€. The Contract is for the provision of Drilling Rig Services for PCSB’s drilling programm, whereby VEB Group will

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Transocean announces the retirement of the original dual activity drillships

September 4, 2019
| Archives

  Transocean Ltd. has announced that it intends to retire in an environmentally responsible way, the following three ultra-deepwater floaters: Discoverer Enterprise, Discoverer Spirit, and Discoverer Deep Seas. These rigs are classified as held for sale. As a result of the Company's decision on August 27, 2019, to authorize retirement of these three rigs and associated equipment, the Company expects its third quarter

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Sonadrill Joint Venture Awarded 9 Well Contract

September 4, 2019
| Archives

Sonadrill Holding Ltd (“Sonadrillâ€), Seadrill Limited’s (“Seadrillâ€) 50:50 joint venture with an affiliate of Sonangol E.P. (“Sonangolâ€), has secured a nine well contract with six options, each for one well, in Angola for the Libongos drillship. The estimated total contract value is $101 million with commencement expected late Q3 2019 and running to early 2021. The Libongos is

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Stop production now and the outcome would be chaotic and the impact far-reaching

September 3, 2019
| Archives

The oil and gas exploration and production sector has inevitably been a focus of much of this attention, with many protestors seeking an immediate halt to all oil and gas activity. Their focus is on stopping production now, but this does not take into account the real life impact if this were to happen. Spiralling costs and fuel and

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CIMC owned jackups bag long term contracts with Pemex

September 3, 2019
| Archives

CIMC Raffles has fixed two jackup newbuilds under construction at the yard to Mexican oil company Pemex under long-term contracts. The two jackup rigs Gulf Driller VI and Gulf Driller VIII were originally ordered by Greek owner Top Ships and Malaysian owner Coastal Contracts respectively and CIMC Raffles Offshore, the rig owning unit of the CIMC Raffles, took over the ownership of

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Top 5 stories for the month of August

September 2, 2019
| Monthly Rundown

  The Karnes Country rig fire leads the views this month, we are glad that no injuries were sustained in this event. Seadrill was in this rundown twice for August with some work in the Bahamas and the joint venture with GDI, rig fire in Kirbyville, Texas where 3 were injured and Australia opened up 120k kms of

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Seadrill’s West Neptune gets a 1 year extension with LLOG

September 2, 2019
| Archives

Seadrill Limited has secured a one year contract with LLOG Exploration Offshore, L.L.C., (“LLOGâ€) for the West Neptune operating in the US Gulf of Mexico.  Total contract value is expected to be approximately $74 million with commencement in December 2019, in direct continuation of the existing contract with LLOG.  Source: Global Newswire Photo is of the Seadrill 6th gen

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Maersk Drilling grabs one-well gig for Petrogas

September 2, 2019
| Archives

Maersk Drilling announced that it has entered a contract with Petrogas North Sea Ltd. to drill an appraisal well at the Birgitta field in the Central part of the UK North Sea. The contract value is USD 7.6m. The contract is expected to commence in March 2020, with an estimated duration of 70 days. The contract includes an

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Popular News – Top 5 from this past week!

September 2, 2019
| Weekly Rundown

We had 5k 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 Aug 26 – Sep1! #1 with 472 views Class action lawsuit filed against Valaris PLC #2 with 408 views BP exits Prudhoe Bay with $5.6 billion from Hilcorp #3 with 378 views Valaris adds an additional

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