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Newfoundland calling for bids

April 4, 2019
| Archives

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued Calls for Bids for Exploration Licences in the South Eastern Newfoundland and Jeanne d’Arc Regions. Call for Bids NL19-CFB01 (Exploration Licences, South Eastern Newfoundland Region) consists of nine parcels and a total of 2,270,472 hectares.Call for Bids NL19-CFB02 (Exploration Licences, Jeanne d’Arc Region) consists of four parcels and a total

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Maersk lands long term contract for the Deliverer, 3 years + options

April 3, 2019
| Archives

Today, Maersk Drilling announces that the ultra-deepwater semi-submersible Mærsk Deliverer has been awarded a three-year contract by Inpex Australia and joint venture participants for drilling at the Ichthys gas and condensate field in the Browse Basin offshore Western Australia. The estimated contract value (revenue) of the three-year contract is USD 300 million, including mobilisation. The contract is

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Borr Drilling Purchases Hull No. B378 former Hakuryu-15

April 1, 2019
| Archives

  Borr Drilling Limited (“Borr†or the “Companyâ€) is pleased to announce that it has completed the purchase and taken ownership of the jack-up newbuilding, Hull No. B378 (formerly named Hakuryu-15), for a total consideration of USD122 million from BOT Lease Co., Ltd. The original ordering price of the rig was approximately USD240 million. An important criteria for the transaction

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Saipem looking to sell off drilling fleet after 24% revenue decline last year

April 1, 2019
| Archives

  (Bloomberg) — Italian oil field services firm Saipem SpA is in discussions to sell both its offshore and onshore drilling units in separate transactions that would slice off about a 10th of the company’s annual sales, according to people familiar with the matter. The ailing offshore division, which suffered a 24% decline in revenue last year, could go

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Weekly Rundown – The top 5 stories from the past week

April 1, 2019
| Weekly Rundown

In the first spot this week is a good article about the recovery off the offshore sector, good news indeed, still a bit slow but proud it is picking back up, behind that we have Odfjell with the abundance of new hires needed to fill upcoming backlog from some well managed negotiations, great to see people going to work here! In

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Offshore Drilling Makes a Comeback After Years in Shale’s Shadow

March 29, 2019
| Archives

Bloomberg: Offshore is ready for the limelight again. After years in the shadow of the U.S. shale patch, deep-water explorers from Royal Dutch Shell Plc to Talos Energy Inc., along with contractors such as Ensco Plc and TechnipFMC Plc, told investors at the Scotia Howard Weil Energy Conference in New Orleans this week they see a revival coming. That was a stark contrast to

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JDC grabs 5 well deal for the Hakuryu 11

March 29, 2019
| Archives

  Japan Drilling Co., Ltd. agreed to provide drilling services with a jack-up drilling rig “HAKURYU-11†to certain operator based on the subcontract with PetroVietnam Drilling & Well Services Corporation who secured the drilling contract from the operator. The main terms of the drilling contract are as follows: 1. Period of Contract ：5 firm wells (approx. 300 days) + 1 option

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Shelf grabs a 3 year contract for the High Island V

March 28, 2019
| Archives

Shelf Drilling, Ltd. announced that it has secured a three-year contract for the High Island V jack-up rig in direct continuation of its current contract with the same customer. The expected availability of the rig is now March 2022. High Island V is a 1981 LeTourneau model 82 SD-C that is currently working for Saudi

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