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International Rig Count up 12% from last year

April 9, 2023
| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for February is 930, up 15 units from the count in February and up 115 units from the 815 counted in February 2022. Africa is up 3 units to 97 from the February count of 94 and up 10 units from its year ago

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Seadrill backlog sits at $2.3 billion with Q4 2022 earning report

April 9, 2023
| Current News

Q4 2022 Highlights Seadrill relisted its common shares on the New York Stock Exchange (“NYSE”) with trading commencing on October 14, 2022, and following the NYSE relisting Seadrill’s status on the Euronext Expand changed from a primary listing to a secondary listing. Subsequently, Seadrill uplisted to the main list of the Oslo Stock Exchange with trading commencing on

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Eldorado scoops up another SHI newbuild drillship

April 9, 2023
| Trending

According to Esgian, an Oslo based company that provides analytical tools for the energy industry, noted that the Norwegian company Eldorado Drilling AS raised $70 million in a private placement connected to its acquisition of two newbuild ultra-deepwater drillships. The rigs are expected to be delivered in 2024 and according to one of the banks involved, Eldorado

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Exxon and Pioneer hold preliminary acquisition talks

April 9, 2023
| Trending

Exxon Mobil Corp has held preliminary talks with Pioneer Natural Resources Co about a possible acquisition of the U.S. shale oil producer, the Wall Street Journal reported on Friday, citing people familiar with the matter. Discussions between the two companies about a potential deal have been informal, the newspaper said, adding that Exxon executives have discussed a potential tie-up with at least

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Exxon ends Brazil drilling campaign after announcing profit losses

April 9, 2023
| Trending

Exxon Mobil Corp has ended a major campaign to find oil in Brazil. Exxon said in an e-mail to Reuters its initial exploration drilling program in Brazil is now complete and that it is "still engaged in Brazil and continues to pursue exploration activity in the country". The oil and gas giant suffered a sequence of drilling failures as an operator in

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QatarEnergy farms in with Shell offshore Mauritania

April 9, 2023
| Current News

QatarEnergy has entered into an agreement with Shell to acquire a 40% working interest in the C-10 block located offshore Mauritania. Pursuant to the terms of the agreement, and subject to customary approvals by the government of Mauritania, QatarEnergy will hold a 40% working interest in the Exploration and Production Agreement pertaining to the C-10 block. Shell (the operator) will hold a

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Equinor issued new drilling permit using the Deepsea Stavanger

April 9, 2023
| Trending

The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for well 31/2-24 and 31/2-24 A in PL 923. The well will be drilled at location 60° 46' 4.61'' N 3° 22' 12.08'' E by the Deepsea Stavanger semi-sub. Licensees are: Equinor 40%; DNO Norge 20%; Petoro 20%; Wellesley Petroleum 20%. Planned spud date is June 2023. Source: NPD Join our mailing list here

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Seadrill closes the all stock acquisition of Aquadrill

April 9, 2023
| Trending

Seadrill has completed its acquisition of Aquadrill. As a result of the transaction, Aquadrill became a wholly owned subsidiary of Seadrill. In connection with the completion of the transaction, Seadrill issued an aggregate 29,866,505 common shares to former Aquadrill unitholders and equity award holders, resulting in issued share capital of $798,665.03 divided into a total of 79,866,503 Seadrill common

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Aker BP issued new wildcat permit using the Scarabeo 8

April 9, 2023
| Current News

The Norwegian Petroleum Directorate (NPD) has granted Aker BP a drilling permit for well 6405/7-2 S in PL 1005. The well will be drilled at location 64° 15' 59.41'' N 5° 15' 36.99'' E by the Scarabeo 8 semi-sub. Licensees are: Aker BP 40%; Vår Energi 40%; Norske Shell 20%. Planned spud date is June 2023. Source: NPD Join our mailing list here

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