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This weeks rig count!

December 8, 2018
| Weekly Rig Count

Baker Hughes Rig Count: U.S. -1 to 1,075 rigs U.S. Rig Count is down 1 rig from last week to 1,075, with oil rigs down 10 to877 and gas rigs up 9 to 198. U.S. Rig Count is up 144 rigs from last year’s count of 931, with oil rigs up126 and gas rigs up 18. The U.S. Offshore Rig

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New USGS study for Delaware Basin holds 46.3 billion barrels of oil, largest continuous resource ever found

December 7, 2018
| Archives

Yesterday the U.S. Department of the Interior announced the Wolfcamp Shale and overlying Bone Spring Formation in the Delaware Basin portion of Texas and New Mexico’s Permian Basin province contain an estimated mean of 46.3 billion barrels of oil, 281 trillion cubic feet of natural gas, and 20 billion barrels of natural gas liquids, according to an

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Speedcast installs wi-fi solution on a dozen Seadrill rigs

December 7, 2018
| Archives

The world’s most trusted provider of remote communication and IT solutions, announced that the company is adding its recently-launched Crew Wi-Fi solution onboard over a dozen offshore drilling rigs operated by Seadrill. Seadrill is a world leader in offshore drilling with one of the youngest, most modern fleets employing highly trained and proficient people. They operate in shallow

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Top 5 Articles for November!

December 7, 2018
| Monthly Rundown

  November was a turbulent month for oil prices, one of our top 5 articles highlighted what the sentiment is on that subject. A bit of history made it into the list as well, the first well drilled out of site of land. There are two pieces in this list, one at the top about fracking and what

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Seapulse to unlock 4 billion boe with the help of Maersk Drilling over the next two years

December 6, 2018
| Archives

HAMILTON, Bermuda–(BUSINESS WIRE)–Seapulse Limited (“Seapulseâ€), the recently launched global oil and gas exploration vehicle, is pleased to announce a strategic partnership with Maersk Drilling A/S (“Maersk Drillingâ€). The alliance plans to drill 12 offshore oil & gas exploration wells over the next two years targeting over four billion barrels of oil equivalent (boe). Seapulse is executing on an

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A busy 2018 for Transocean as they announce closing of Ocean Rig acquisition and multiple contracts

December 6, 2018
| Archives

  As previously reported  both contractors entered into a definitive merger agreement under a cash and stock transaction valued at approximately $2.7 billion, inclusive of Ocean Rig’s net debt. Transocean announced on Dec. 5, 2018 that it has completed the acquisition of Ocean Rig UDW Inc. The acquisition adds nine high-specification ultra-deepwater drillships, two harsh environment semisubmersibles, and two high-specification ultra-deepwater drillships

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Pacific Drilling on 3rd quarter loss but strong statements from CEO

December 6, 2018
| Archives

Pacific Drilling CEO Bernie Wolford commented, “The Pacific Drilling team delivered another quarter of excellent operational performance with third-quarter revenue efficiency of 99.8% and we continued to exercise strong cost control. We achieved these outstanding results while providing drilling services in challenging conditions. Pacific Bora recently commenced drilling operations in Nigeria for Nigerian Agip Exploration Limited. This contract reflects

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OutPut’s Weekly Top 5

December 4, 2018
| Weekly Rundown

This week we see contracts getting the top spot with Seadrill getting some work from Petronas, good to see those ships going back to work! Just behind that we have Pacific getting some much-needed work for the Bora, we reported on this back in October, somehow it found itself back in the limelight this week! Coming into

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Oil output hits 11.5 mln bpd, 4th straight month of record highs

December 3, 2018
| Archives

NEW YORK, (Reuters) – U.S. crude oil output hit a new all-time high of 11.5 million barrels per day in September, according to the government on Friday, the latest indicator of a wave of onshore U.S. production that has weighed on global markets. U.S. crude production rose 129,000 bpd in September to 11.475 million bpd, the U.S. Energy

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ExxonMobil makes 10th discovery offshore Guyana, estimated 5 billion barrels

December 3, 2018
| Archives

IRVING, Texas–(BUSINESS WIRE)–ExxonMobil said today it made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels. The resource estimate, up from the previous estimate of more than 4 billion oil-equivalent barrels, is a result of further evaluation of previous discoveries and includes a new discovery

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