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Author: Admin

OutPut’s Weekly Top 5

January 11, 2019
| Weekly Rundown

Listen to it here! Welcome to OutPut’s weekly top 5 For this week we have in the top two spots our drilling contractors Ensco and Borr, both with their first fleet update statuses for 2019, both packed with goodies. In the follow up #3 spot we have Nabors CEO handing over his 4-million-dollar award for $1500, not sure seems a bit late

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Crews in the Haynesville getting it done with “Outstanding Resurgence†says Rystad Energy

January 11, 2019
| Archives

Gas production in the state of Louisiana in the southern US will soon reach record heights thanks to an outstanding resurgence of the Haynesville shale play. Rystad Energy research shows that the Haynesville Shale alone was able to add 1.85 billion cubic feet per day of gross gas production (Bcfd) between the fourth quarter 2016 and the fourth

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US holds solid on the weekly rig count while Canada brings back 108 rigs?

January 11, 2019
| Weekly Rig Count

    Baker Hughes, a GE company has posted Weekly Rig Count reports. Baker Hughes Rig Count: U.S. 0 at 1,075 rigs U.S. Rig Count is unchanged from last week at 1,075 rigs, with oil rigs down 4 to 873 and gas rigs up 4 to 202. U.S. Rig Count is up 136 rigs from last year’s count of 939, with oil

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Dolphin Drilling’s New LOI

January 10, 2019
| Archives

Only a small amount of information on Dolphin Drilling Ltd. website but Dolphin Drilling Ltd, a subsidiary of Dolphin Drilling ASA, has entered into a LOI with i3 Energy for a three-well appraisal and development drilling program in the UK North Sea, using the semi-submersible drilling rig Blackford Dolphin or Borgland Dolphin. The program is scheduled to

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Rowan bags a new contract with ConocoPhillips

January 10, 2019
| Archives

HOUSTON, Jan. 10, 2019- Rowan Companies plc announced today that the Rowan Norway, an N-Class ultra-harsh environment jack-up rig, has been awarded a contract in Norway by ConocoPhillips Skandinavia AS (“COPSASâ€) for an estimated duration of seven months that is expected to commence in the second quarter of 2019. The contract award is subject to partner approval. Following the

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Oil up more than 4 percent on U.S.-China trade talk hopes

January 9, 2019
| Archives

(Reuters) Oil prices jumped more than 4 percent on Wednesday as the extension of U.S.-China talks raised hopes of easing trade tensions between the two superpowers, while OPEC-led crude output cuts also provided support. U.S. West Texas Intermediate (WTI) crude CLc1 futures rose $2.38 to $52.16 a barrel, a 4.8 percent gain, by 1:15 p.m. EST (1815 GMT),

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It’s a 4 x 4 for Ensco’s 1st Fleet Status for 2019: 4 Awards and 4 Extensions

January 9, 2019
| Archives

Ensco PLC released their first fleet status update this week and it is full of awards and extensions. Ensco has been successfully navigating the deepwater market since the crash started, although the deepwater sector is far from healing Ensco has stepped up to the plate and has shown the industry that they are here to stay and have

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Nabors CEO drops $4 mil Award for $1,500

January 9, 2019
| Archives

(Bloomberg) One of the oil industry’s highest-paid executives is taking a pay cut as his company braces for possibly difficult times ahead after its stock plunged last year. Nabors Industries Ltd. Chief Executive Officer Anthony Petrello agreed to forfeit $4 million in restricted stock in exchange for a symbolic award worth $1,500, the Hamilton, Bermuda-based company said in a

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Worldwide Rig Count Jumps 34 from Nov to Dec 2018

January 8, 2019
| International Rig Count

According to the latest report issued by Baker Hughes, the largest area of movement seems to have been in Europe with UK offshore adding 4, Norway adding 3, Italy adding 2, Turkey, Netherlands and Greece adding 1 each for a total of 12 across the region. Can download the latest data here Baker Hughes International Rig Count Or download

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Noble Secures an Additional Year in Guyana for the Drillship Tom Madden

January 8, 2019
| Archives

Noble said in its fleet status report published on Monday, the 2014-built Noble Tom Madden drillship had been awarded a one-year contract with ExxonMobil in Guyana. The contract duration is from mid-February 2019 to mid-February 2020. The rig’s dayrate has not been disclosed. According to information on Bassoe Analytics, the contract starts on February 16, 2019, and the

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