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ADES lands two year contract for the Admarine IV

June 24, 2019
| Archives

ADES International Holding won a two-year contract for its ADMARINE IV offshore jack-up rig in Egypt, and has signed a one-year contract extension for its onshore rig RIG 828 in Algeria. The ADMARINE IV contract was awarded by a leading Egyptian energy company through tendering and has a term of an initial one-year engagement, with an option to

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Popular News – Top 5 from this past week!

June 24, 2019
| Weekly Rundown

Below are our top 5 articles for the week of June 17 – June 23! #1 with 472 views Seadrill bags a contract for the West Capricorn #2 with 297 views EnscoRowan signs drilling contract in Gulf of Mexico for E-102 #3 with 163 views KS Energy terminates newbuild with Shanghai Heavy #4 with 128 views 2,535 Nautical Miles of Rig Moves Ahead of Monsoon

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Bassoe: Jackup Report

June 21, 2019
| Archives

Jackup fixtures have recently been focused on the Middle East, Mexico, and Malaysia. There are still around 13 jackups which have won multi-year work in Mexico and Qatar which are yet to be named, and further awards are expected in SE Asia, India, and West Africa. Utilization should remain above 75% and reach 80% this year, but

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Maersk finalizes the sale of the Giant

June 21, 2019
| Archives

Maersk Drilling has completed the sale of jack-up rig Giant (formerly named Maersk Giant) to the LOTOS Petrobaltic Group. The new owners will use the rig for drilling solely in the Baltic Sea, for jobs involving the LOTOS Petrobaltic Group and other contracting parties. “After reviewing different options, we believe that a sale of Giant creates the highest

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EnscoRowan signs drilling contract in Gulf of Mexico for E-102

June 21, 2019
| Archives

GulfSlope Energy, Inc. announced the execution of a drilling services contract with ENSCO Offshore Company LLC, a wholly-owned subsidiary of Ensco Rowan, a public limited company, to secure and utilize the E-102 jackup rig for the Company’s 2019 Gulf of Mexico drilling program. GulfSlope anticipates spudding a well before year-end in the Vermilion Area, South Addition Block

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27 blocks offered up in Equatorial Guinea licensing round

June 19, 2019
| Archives

The Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea invite all Exploration and Production Oil & Gas Companies worldwide to participate in the 2019 Oil and Gas Licensing Round of Equatorial Guinea. “We want to welcome all investors from the oil industry to join us in developing our vast resources for the benefit of our country, and our international

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Perisai bags 200 day contract with Petronas in Malaysia

June 19, 2019
| Archives

The jackup Perisai Pacific 101 has been awarded a five-well contract with an estimated duration of 200 days. The contract is expected to commence between August 1st and September 1st, 2019. Based on the estimated contract value of $20 million, the dayrate is expected to be around $100,000. The PP 101 is Perisai’s first Jack-Up Drilling Rig

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KS Energy terminates newbuild with Shanghai Heavy

June 19, 2019
| Archives

The Board wishes to announce that KS Rig Invest Five Ltd (“KSRI5â€), a subsidiary of KS Drilling Pte Ltd. (“KS Drillingâ€) and ZPMC have mutually agreed to terminate the New Build Contract (the “Contractâ€) for the KS Java Star 3 (the “Rigâ€) with immediate effect (the “Termination Agreementâ€). The Termination Agreement was reached following discussions between KS

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Popular News – Top 5 from this past week!

June 17, 2019
| Weekly Rundown

Below are our top 5 articles for the week of June 10 – June 16! #1 with 549 views The first mobile offshore drilling rig: 65 years later and we are still exploring #2 with 205 views Activists appear in court over protest on the Transocean owned semi Paul B. Loyd Jr #3 with 172 views U.S. safety board urges new rules

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