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Transocean issues fleet status update, holds $6.1 billion backlog

April 26, 2022
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Transocean Ltd. issued their quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. This quarter’s report includes the following updates: Development Driller III – Awarded a one-well contract in Colombia at $331,000 per day. Deepwater Inspiration – Customer exercised a one-well option in the U.S. Gulf of Mexico at $300,000 per day. Transocean Spitsbergen – Customer exercised a one-well option in Norway at $305,000 per day. The

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Seadrill grabs up more contracts in the GOM

April 26, 2022
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Seadrill Limited announced new contract awards for the West Neptune and the Sevan Louisiana. The West Neptune has secured a four-well extension with two one-well options with LLOG Exploration Offshore, L.L.C (“LLOG”) in US Gulf of Mexico. The firm-term will commence in direct continuation of the existing contract, has an estimated duration of 200 days and is expected

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Seadrill JV Sonodrill bags 18 month contract for the West Gemini

April 26, 2022
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Seadrill Limited announced that a new contract has been secured by Sonadrill Holding Ltd (“Sonadrill”), Seadrill’s 50:50 joint venture with an affiliate of Sonangol E.P. (“Sonangol”). Sonadrill has secured a ten-well contract with options for up to eight additional wells in Angola for the West Gemini drillship. Total contract value for the firm portion of the contract is

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Petro Victory Energy acquires 19 Brazilian oil blocks

April 21, 2022
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Petro-Victory Energy acquires 19 Brazilian oil blocks This acquisition cements Petro-Victory's status as one of the largest landholders in the highly petroliferous basin. Petro-Victory secured the blocks by participating in the Agencia Nacional do Petroleo Gas Natural e Biocombustiveis of Brazil (ANP) third Permanent Offer Round held in Rio de Janeiro, Brazil, on April 13. The new acquisition will increase

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Maersk sells jackup to ADES

April 20, 2022
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Maersk Drilling has entered into an agreement with ADES to sell the benign environment jack-up rig Maersk Convincer for USD 42.5m in an all-cash transaction. The transaction is subject to customary closing conditions, and the rig is expected to be transferred to ADES following the completion of its current drilling program with Brunei Shell Petroleum Company Sdn.

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INPEX exercises one year option on Maersk Deliverer

April 19, 2022
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INPEX Operations Australia has exercised an option to extend the provisioning of the ultra-deepwater semi-submersible rig Mærsk Deliverer for drilling services at the Ichthys Field in the Browse Basin offshore Western Australia. The contract extension has a duration of one year and is expected to commence in July 2023, in direct continuation of the rig’s current contract. One one-year option remains on the

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Keppel terminates jackup contracts

April 17, 2022
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Keppel FELS Limited has issued notices of termination for the Relevant Contracts on 13 April 2022. The basis for termination is the failure of the respective clients without reasonable or legal justification to take delivery of the respective rigs (despite Keppel FELS’ readiness to deliver) and concurrently pay the outstanding instalments. Following the termination of the Relevant

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US Gov announces significantly reformed onshore oil and gas lease sales

April 17, 2022
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In compliance with an injunction from the Western District of Louisiana, the Department of the Interior is taking action that reflects the balanced approach to energy development and management of our nation’s public lands called for in the agency’s November 2021 report on the Federal Oil and Gas Leasing Program. The Department announced that the Bureau of Land

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