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Seadrill lands one well gig for the West Polaris

July 18, 2019
| Archives

Seadrill Partners has secured a one well contract with PC Gabon Upstream S.A. for the West Polaris to work offshore Gabon. Backlog is expected to be approximately $22 million excluding mobilization fees with commencement expected in September 2019 and running to the end of 2019. Source: Seadrill Check out our other current stories! Seadrill grabs multi-well contract for the

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Seadrill grabs multi-well contract for the West Gemini

July 18, 2019
| Archives

Seadrill Limited has secured a nine well contract with three options, each for two wells, for the West Gemini in West Africa. Total contract value for the firm portion of the contract is expected to be approximately $84 million with commencement expected in early Q4 2019 and running through Q4 2020. Client is unnamed at this time Source:

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U.S. Gulf of Mexico oil, gas producers begin restarting after Barry

July 16, 2019
| Archives

U.S. oil companies on Monday began restoring some of the nearly 74% of production that was shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said. There were 1.3 million barrels per day (bpd) of oil production offline in the U.S.-regulated areas of the Gulf of Mexico on Monday, about 80,000

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17% of Jobs in Texas are Supported by Oil and Gas

July 16, 2019
| Archives

The booming oil and gas industry in Texas now supports about 17 percent of jobs in the state, either directly or indirectly, according to a new economic analysis. The research published this week by the Waco-based Perryman Group indicates that oil and gas production in the state has increased fivefold since 2010 as shale-extraction techniques have improved, lowering

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Popular News – Top 5 from this past week!

July 16, 2019
| Weekly Rundown

Below are our top 5 articles for the week of July 8 – July 14! #1 with 434 views Shelf Drilling announces 3 contract extensions #2 with 325 views Odfjell bags a contract with TOTAL for the Deepsea Stavanger #3 with 242 views Karoon and Constellation Negotiate on Deepwater Drillship for Peru #4 with 130 views Constellation bags a two year contract with Petrobras

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Odfjell bags a contract with TOTAL for the Deepsea Stavanger

July 12, 2019
| Archives

Odfjell Drilling has today signed a firm drilling contract with oil major Total for drilling offshore South Africa with the 6th generation semi-submersible Deepsea Stavanger The contract value including compensation for mobilization and demobilization periods is estimated as being USD 145 – 190 million plus incentives. The company expects the drilling program to take 180-280 days. Mobilization to

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Karoon and Constellation Negotiate on Deepwater Drillship for Peru

July 12, 2019
| Archives

Constellation may agree to a new drill ship charter contract for overseas operation. The Brazilian group is negotiating with Karoon to hire equipment to carry out an exploratory campaign on the Z-38 block in the Tumbes basin in Peru. The Karoon campaign on assets acquired in 2008 is scheduled to begin in the first quarter of 2020. The

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Oil Edges Up as Producers “Weather†T.S. Barry

July 12, 2019
| Archives

Oil prices inched up on Friday as U.S. Gulf of Mexico crude output was halved by disruptions caused by a tropical storm, but concerns over a global crude surplus in the months ahead limited gains. Brent crude LCOc1 futures were up 31 cents to $66.83 a barrel by 1:21 p.m. EDT (1721 GMT). U.S. West Texas Intermediate (WTI)

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Oil and Gas Analytics Market Size to Surpass US $21 Bn by 2024

July 11, 2019
| Archives

Oil And Gas Analytics Market size is expected to exceed USD 21 billion by 2024. Increasing downstream demand owing to rapid refinery expansion to fulfill petroleum demand will drive global oil and gas analytics market size. These services will help to reduce the downtime and maintenance cost for refining industries. Increasing exploration and production to suffice growing demand

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