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Chevron’s Bigfoot announces “First Oilâ€

November 22, 2018
| Archives

SAN RAMON, Calif. – Nov. 21, 2018 – Chevron Corporation (NYSE:CVX) today announced that the Chevron-operated Big Foot deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. The field is located approximately 225 miles (360 km) south of New Orleans, La., in a water depth of approximately 5,200 feet (1,584

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Rig Count Down By 3 This Week

November 22, 2018
| Weekly Rig Count

  The US drilling rig count is down 3 units to 1,079 rigs working for the shortened holiday week ended Nov. 21, according to Baker Hughes data. However, the count is up 156 units from the 923 rigs working this time a year ago. Land-based drilling was down 6 units this week to 1,052 rigs working vs. last week.

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Happy Thanksgiving

November 21, 2018
| Archives

From Our Family to Yours, Happy Thanksgiving!  Check out our other current stories! Rowan and Ensco announce early termination HSR waiting period Rowan Reliance will stay stacked, contract transferred to the Resolute Trident XIV gets 1 year extension with options

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Texas is About to Create OPEC’s Worst Nightmare

November 21, 2018
| Archives

Bloomberg: The map lays out OPEC’s nightmare in graphic form. An infestation of dots, thousands of them, represent oil wells in the Permian basin of West Texas and a slice of New Mexico. In less than a decade, U.S. companies have drilled 114,000. Many of them would turn a profit even with crude prices as low as $30

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Rowan and Ensco announce early termination of HSR waiting period

November 21, 2018
| Archives

LONDON, Nov. 20, 2018 /PRNewswire/ — Rowan Companies plc (NYSE: RDC) (“Rowanâ€) and Ensco plc (NYSE: ESV) (“Enscoâ€) jointly announced today that they have received notice from the Department of Justice and the Federal Trade Commission granting early termination of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Actâ€), with respect

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Rowan Reliance will stay stacked, contract transferred to the Resolute

November 21, 2018
| Archives

  HOUSTON, Nov. 21, 2018 /PRNewswire/ — Rowan Companies plc (“Rowan†or the “Companyâ€) (NYSE: RDC) announced today that the previously disclosed contract with Fieldwood Energy LLC (Fieldwood) for the Rowan Reliance will be transferred to the Rowan Resolute under the same contractual terms, which includes a one-year, firm term plus three 90-day options. The Company also announced that LLOG

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Trident XIV gets 1 year extension with options

November 20, 2018
| Archives

Dubai, November 20, 2018 – Shelf Drilling, Ltd. announced today that it has secured a one-year extension on the Trident XIV jack-up rig in direct continuation of its current contract for workover operations offshore Nigeria. The expected availability of the rig is now February 2020. Furthermore, an option to extend the contract by a year exists. David Mullen, Chief

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Pacific Drilling emerges from Chapter 11

November 20, 2018
| Archives

LUXEMBOURG–(BUSINESS WIRE)– Pacific Drilling S.A. (OTC: PACDQ) (the “Companyâ€) announced that effective today the Company and certain of its affiliated chapter 11 debtors have emerged from bankruptcy after successfully completing restructuring transactions pursuant to their chapter 11 plan of reorganization (the “Planâ€). In connection with emergence from bankruptcy, the Company raised $1.5 billion in gross proceeds in new capital, consisting of

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West Aquarius slated for visit to Bull Arm in NL prior to drilling offshore in 2019

November 20, 2018
| Archives

Local contractor DF Barnes has been awarded a contract by Seadrill that will bring the ultra-deepwater semi-submersible drilling rig, West Aquarius, to the Bull Arm fabrication site. Nalcor Energy-Bull Arm Fabrication has signed a short-term agreement for the fabrication yard with DF Barnes that will see work begin at site in December and continue into spring 2019. The work

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Ensign pulls ahead of Precision in buying of Trinidad

November 20, 2018
| Archives

Ensign Energy Services Inc. may have taken the upper hand in the battle to acquire Trinidad Drilling Ltd. after giving shareholders a tighter deadline to accept its cash offer or settle for a lower all-stock bid from Precision Drilling Corp. Canadian oilfield-services provider on Friday accelerated the expiration of its cash bid by more than two weeks to Nov. 27, giving rival Precision Drilling’s

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