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Author: Admin

GOM just saw the strongest sale in two years with $244 million in total high bids

March 22, 2019
| Archives

  Upstream operators in US Gulf of Mexico Lease Sale 252 on Wednesday focused much of their bids around existing discoveries or fields in proven productive areas, a harbinger of quicker production from that oil-prone arena and an ongoing trend in recent years. The auction, which fetched $244 million in total high bids and $284 million for all bids,

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What social media means for people that are on rotational work

March 19, 2019
| Archives

It’s 5 a.m. in the South Atlantic, Jim crawls out of bed, gets dressed and heads upstairs to chat before going on tour. Today is his daughters 16th birthday, so this day is like none other for his daughter. He is not there because he works rotational on a drilling rig offshore. Jim has been doing this for most of his

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Neptune Drilling picks up the Odfjell managed Beacon Atlantic for 6 wells plus

March 19, 2019
| Archives

Neptune Energy Norge AS has awarded a rig contract for six wells to CIMC Offshore AS. The contract concerns hire of the Beacon Atlantic semi-submersible drilling unit, which will be managed by Odfjell Drilling AS.Designed for harsh environments, Beacon Atlantic will be suitable for drilling three development wells on the Duva field (formerly Cara) starting at the

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Rig sale leads Precision to exit Mexico

March 19, 2019
| Archives

Precision Drilling Corporation is pleased to announce transactions to divest our five Mexico based drilling rigs and our water treatment business branded Terra Water Systems. We have entered into an agreement to sell five idle drilling rigs and ancillary equipment currently located in Mexico for US$48 million. To date, the Company has received US$30 million for the

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Weekly Rundown – Top 5 stories from the past week

March 18, 2019
| Weekly Rundown

From all of us here at Rig Lynx our heart felt thoughts are with the families of both of these men that were involved in the helicopter incident with Bristow in the Gulf of Mexico this last week, may they rest in peace. In the #2 spot we have The Miro tender for the Ex-Ocean Rig(s) that

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Wilhelmsen and Airbus trial world’s first commercial drone deliveries to vessels at anchorage

March 18, 2019
| Archives

Launching this week in partnership with Airbus, Wilhelmsen’s shore-to-ship Singapore pilot project, marks the first deployment of drone technology in real-time port conditions, delivering a variety of small, time-critical items to working vessels at anchorage. Lifting off from Marina South Pier in Singapore with 3D printed consumables from Wilhelmsen’s onshore 3D printing micro-factory, the Airbus Skyways drone navigated

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Vantage’s Topaz Driller grabs another contract in Gabon

March 15, 2019
| Archives

  Vantage Drilling International announces that it has entered into a contract with Vaalco for the Topaz Driller to drill in Gabon, commencing in direct continuation, after ENI, during Q3 2019. Ihab Toma, the CEO, commented, “We are very pleased to announce this contract with our newest customer, Vaalco for the Topaz Driller. We look forward to demonstrating to

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Borr inks up two newbuilds with Pemex

March 15, 2019
| Archives

Borr Drilling Limited is pleased to announce that one of its subsidiaries, in partnership with OPEX Perforadora S.A. de C.V., has received an official award from Petroleos Mexicanos (“PEMEXâ€) for the delivery of offshore wells in Mexico Under this award, Borr will deliver a total of 9 offshore development wells to our customer under an integrated services

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U.S. and Canada drop rigs for the third week in a row on the Weekly Rig Count

March 15, 2019
| Weekly Rig Count

  Baker Hughes, a GE company has posted Weekly Rig Count reports. Baker Hughes Rig Count: U.S. -1 to 1,026 rigs U.S. Rig Count is down 1 rig from last week to 1,026 rigs, with oil rigs down 1 to 833 and gas rigs unchanged at 193. U.S. Rig Count is up 36 rigs from last year’s count of 990, with

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Bassoe: March Floater Report

March 14, 2019
| Archives

Another good month for floater fixtures with the highlights being Northern Drilling’s 650-day contract with Lundin in Norway for the West Bollsta and Transocean’s contracts with Petrobras for the Ocean Rig Corcovado and Mykonos. Dayrates are looking good: the West Bollsta has broken into the $300k level in Norway and an increase in drillship fixtures could push up

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