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Gabon offshore blocks draw attention from Japan

September 22, 2020
| Archives

H.E. Vincent de Paul Massassa, Minister of Oil, Gas and Mines of Gabon, has expressed his desire to see Japanese operators participate in the country’s ongoing bidding round for offshore and onshore petroleum blocks.  During a meeting in Libreville with the Japanese Agency for International Cooperation’s country representative, Yonezaki Eiro, H.E. Minister Massassa highlighted existing cooperation between Japan and

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Odfjell lands more work with Aker BP for the Deepsea Stavanger

September 22, 2020
| Archives

Aker BP and Odfjell Drilling have signed a contract that commits further work to Deepsea Stavanger under the existing Frame Agreement. The initial contract scope is five wells and has an estimated contract value of up to USD 44 million plus incentives. The contract is set to commence latest by end of Q3 2021, back-to-back with Deepsea Stavanger’s

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Exxon’s North Sea assets drawing attention as they hunt to unload the region

September 22, 2020
| Archives

Exxon Mobil’s UK North Sea assets have attracted interest from state-owned companies to private equity-backed firms as the they seek to exit the aging region altogether. China Petroleum & Chemical Corp., Kuwait Foreign Petroleum Exploration Co. and the UK’s EnQuest Plc are among bidders, the people said, asking not to be identified as the process isn’t public. Exxon

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Vantage grabs more work for the Emerald Driller

September 21, 2020
| Archives

Vantage Drilling recently updated their fleet status, highlights are below: Emerald Driller: One-year extension with client Total Soehanah: 35 day well plus mobilization with client Mubadala Petroleum subsidiary Pearl Oil (Sebuku) Ltd Source: Vantage Drilling LinkedIn

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Stena announces contract operator for Mexico using the IceMAX

September 21, 2020
| Archives

Stena Drilling are pleased to announce that following a competitive tender exercise, we have signed a new contract, with Repsol Exploracion Mexico S.A De C.V., and its partners PC CARIGALI MÉXICO OPERATIONS, S.A. DE C.V. (PETRONAS), SIERRA NEVADA E&P, S. DE R.L. DE C.V. (Wintershall Dea) and PTTEP MÉXICO E&P LIMITED, S. DE R.L. DE C.V.   The operations will be conducted with the StenaIceMAX to

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Shell’s energy transition project

September 21, 2020
| Archives

Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Shell’s new cost-cutting review, known internally as Project Reshape and expected to be completed this

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BP early terminates the Deepsea Aberdeen but Odfjell grabs 4 well deal with Wintershall Dea

September 21, 2020
| Archives

Odfjell Drilling Shetland Ltd has received a notice of early termination from BP Exploration Operating Company Ltd of the contract for semi-submersible Deepsea Aberdeen.The contract was originally due to expire in April 2022.  In accordance with the contract terms, Odfjell Drilling will be compensated with an early termination fee through monthly payments until April 2022. Concurrent with the

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Wood lands $42 million contract with Equinor

September 20, 2020
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Wood has secured a new $42m contract from international energy company Equinor on behalf of operator Gassco to provide EPCI (engineering, procurement, construction and installation) services at the Kollsnes gas processing plant in Norway. The contract will see Wood strengthen its onshore execution capabilities in Norway with the delivery of the Kollsnes MEG Upgrade (KMU) project, which includes

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Borr Saga departs Singapore headed for Malaysia to start up with PTTEP

September 20, 2020
| Archives

The Borr Saga departed Singapore on Sunday September 13th after completing all contract preparation scopes for its upcoming contract start with PTTEP HKP in Malaysia The rig is the first of Borr drilling’s five Keppel FELS Super B Bigfoot class self-elevating units, having gone into service in 2017 and starting operations in January 2020. The rig arrived in

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Stena’s IceMAX departs Gibraltar

September 18, 2020
| Archives

Stena Drilling shared across the social media networking platform LinkedIn that the Ultra-deepwater drillship Stena IceMAX has departed Gibraltar and has set sail for Las Palmas, Gran Canaria. The rig has new work lined up in the Bahamas and in Mexican waters.

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