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Indonesia puts up eight new blocks for bidding

November 29, 2021

Indonesia is putting eight new oil and gas blocks located across the archipelago up for bids, Tutuka Ariadji, the director general of oil and gas at the country's energy ministry, said on Monday. The oil and gas blocks had a total capacity of at least 500 million barrels of oil and 22 trillion cubic feet of gas, data

North America Rig Count: U.S. adds 6 and Canada adds 4

November 29, 2021

| Weekly Rig Count

Baker Hughes Rig Count: U.S. +6 to 569 rigs U.S. Rig Count is up 6 from last week to 569 with oil rigs up 6 to 467, gas rigs unchanged at 102, and miscellaneous rigs unchanged at 0. U.S. Rig Count is up 249 rigs from last year's count of 320, with oil rigs up 226 gas rigs up

With backlog sitting at $2.1 billion Seadrill provides Q3 update

November 29, 2021

| Archives

Seadrill has provided a market update for the third quarter of 2021 During the quarter, Seadrill continued to sign high-quality contracts contributing $145m to backlog, reflecting the depth of its customer relationships. Total backlog as of September 30, 2021 stood at $2.1bn. Highlights during the period included: West Gemini - a four well contract plus options in Angola contributing $35m

Lebanon announces second offshore licensing round

November 29, 2021

| Archives

When the Council of Ministers approved the launch of Lebanon’s Second Offshore Licensing Round in April 2019, the initial deadline to submit applications was set to 31 January 2020. However, at the request of International Oil and Gas Companies, and later on due to the implications of the global Covid-19 pandemic this deadline was postponed to 30 April 2020

With a backlog of $2.3 billion Odfjell shares Q3 update

November 29, 2021

| Archives

Odfjell Drilling published their Q3 update and here are the highlights Key Financials Q3 2021 Revenue: $227 million Cash: $135 million EBITDA: $88 million Backlog: $2.3 billion Market Outlook General Increased appetite for field development and production across the segment, with the exception of some regional differences Need for continued exploration and production of oil and gas to bridge the increasing energy demand as new

Seadrill bags 3 yr contracts for the Carina and the Tellus

November 29, 2021

| Archives

Seadrill Limited announced that it has secured two contracts with Petrobras for the West Carina and West Tellus rigs for work on the Búzios field offshore Brazil. Both contracts have been signed on a 3-year fixed-term basis, with expected commencement in September 2022. Total contract value for the two contracts is approximately $549m (inclusive of mobilization revenue

Shelf inks three year contract for the Ron Tappmeyer

November 23, 2021

| Archives

Shelf Drilling, Ltd. announced that it has received an award for a three-year contract for the Ron Tappmeyer jack-up rig with Oil and Natural Gas Corporation (“ONGC”) for offshore operations in Indian waters. The rig is currently under contract with ONGC with a scheduled completion date in Q2 2022. The planned start-up of operations under the new contract

Lundin Energy granted wildcat permit utilizing the Deepsea Stavanger

November 23, 2021

| Archives

The Norwegian Petroleum Directorate (NPD) has granted Lundin Energy Norway a drilling permit for wildcat well 6306/9-1 in production license PL 886. Well 6306/9-1 will be drilled from the Deepsea Stavanger drilling facility in position 63°22'34.30"N and 06°45'30.53"E. Lundin Energy Norway is the operator with an ownership interest of 60 per cent. The other licensees are Spirit Energy Norway (20 per cent) and Petoro (20 per cent). The area in this license consists

Talos banks big on GoM deepwater

November 23, 2021

| Archives

Talos Energy announced that it was named as the apparent high bidder in the Outer Continental Shelf Federal Lease Sale 257 on ten deepwater blocks comprising 57,600 gross acres, or 36,720 net acres, for a net total consideration of approx. $4.8 million. Nine of the blocks are in close proximity to the Company's operated Green Canyon and Mississippi Canyon facilities, while the

Lukoil announces discovery in GoM

November 23, 2021

| Archives

LUKOIL announces discovery of an oil field within the Yoti West structure at Block 12 offshore Mexico. The field was discovered after drilling the first exploration well. According to preliminary estimates, the initial oil in place reaches 250 million barrels. The Yoti West-1 EXP well was drilled 60 km offshore from the Valaris 8505 semi-submersible platform. The well

Author: Admin

Indonesia puts up eight new blocks for bidding

North America Rig Count: U.S. adds 6 and Canada adds 4

With backlog sitting at $2.1 billion Seadrill provides Q3 update

Lebanon announces second offshore licensing round

With a backlog of $2.3 billion Odfjell shares Q3 update

Seadrill bags 3 yr contracts for the Carina and the Tellus

Shelf inks three year contract for the Ron Tappmeyer

Lundin Energy granted wildcat permit utilizing the Deepsea Stavanger

Talos banks big on GoM deepwater

Lukoil announces discovery in GoM

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