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Reach Subsea announces significant contract awards offshore Brazil

September 9, 2022
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Reach Subsea, the trusted data and subsea service provider for ocean-based industries, has recently signed contracts amounting totally in excess of NOK 200 million, including an important strategic contract in the Brazilian market, which was signed today. The contract is the first result of a strategic partnership with a Brazilian offshore company. 'The contract in Brazil is very important for

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Maersk Drilling secures six-month extension for drillship with Shell

September 9, 2022
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Shell has exercised an option to extend the provisioning of the 7th generation drillship Maersk Voyager for drilling services offshore Mexico. The contract extension is expected to commence in April 2023, in direct continuation of the rig’s current contract, with a firm duration of six months. The contract value of the extension is approx. USD 77m, excluding integrated services expected to

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Aker BP extends the Deepsea Nordkapp contract

September 9, 2022
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Aker BP has assigned two additional firm wells to the Deepsea Nordkapp with an estimated duration of approx. six months. The newly exercised wells shall commence in direct continuation of the current firm contract period and keep the unit occupied into late Q3 2024. The approximate contract value for the exercised wells is USD 60 million (excluding any integrated services). In addition,

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UK oil and gas producers call for more investment

September 7, 2022
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Britain’s oil and gas industry body called for new drilling licenses in the North Sea and rapid investment in the sector to mitigate the impact of high prices on consumers as the country grapples with the worst energy crisis in decades. The incoming UK Prime Minister Liz Truss has vowed to act immediately to help people cope with

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Transocean’s Deepwater Asgard awarded two contracts in the GOM

September 7, 2022
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Transocean Ltd. announced today that the ultra-deepwater drillship, Deepwater Asgard, received two contract awards in the U.S. Gulf of Mexico for a total of approximately 14 months of work, adding $181 million in firm backlog. The first award is a one-well contract with Murphy Oil Corporation at $395,000 per day. The contract is expected to commence late this fall after the rig completes its current contract and a

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Bristow awarded a multi-year Equinor SAR contract

September 7, 2022
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Bristow Group Inc. announced an award from Equinor to provide search and rescue services offshore at the Johan Sverdrup and Statfjord B platforms, located in the Norwegian North Sea off the west coast of Norway. A critical part of the emergency preparedness on the southern Norwegian continental shelf, the contract has a duration of four years and includes

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Odfjell announces contract for CIMC’s Deepsea Yantai

September 6, 2022
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Odfjell Drilling, on behalf of CIMC Raffles, have agreed a contract with DNO Norge AS for the use of the drilling rig Deepsea Yantai to drill one (1) firm well in PL 984. The scope of work is estimated to take 50 days and will commence in Q2/Q3 2023. Source: MS Join our mailing list here

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Dolphin Drilling receives award for the Blackford Dolphin offshore Nigeria

September 6, 2022
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The Dolphin Drilling group today announced it has received a letter of award (LoA) for the Blackford Dolphin in Nigeria at USD 232,500 per day plus a mobilization fee of USD 12 million commencing late 2022. The Company is well-positioned to secure additional contracts at attractive levels, benefitting from current market improvements and an attractive positioning in

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Island Drilling awarded contract for the Innovator offshore EG

September 6, 2022
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Island Drilling Company announce that they signed a contract with Trident Energy to provide the Island Innovator drilling unit and associated services for the offshore Equatorial Guinea drilling campaign. The work is planned to start in September/October of 2023. The work is for 2 firm and 5 optional wells and is estimated to be 250 days if all the

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US oilfield jobs rise again in August, close to pre-pandemic levels

September 3, 2022
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Employment in the U.S. oilfield services, and equipment sector rose by an estimated 6,865 jobs to 648,914 in August, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology Council. Gains in August make OFS employment the highest since the COVID-19 pandemic began, but still off the pre-pandemic mark

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