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Valaris puts the DPS-5 to work for Eni offshore Mexico

September 1, 2022
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Valaris Limited announced a three-well contract with Eni Mexico S. de R.L. de C.V. offshore Mexico for semisubmersible VALARIS DPS-5 (ex Ensco 8505 in service 2012). The contract is expected to commence in the fourth quarter 2022 and has an estimated duration of 240 days. The operating day rate is $313,500, plus a mobilization fee of approximately

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ADES picks up Icon Caren for $85 million

August 31, 2022
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Icon Offshore Bhd is proposing to sell Perisai Pacific 101, a jack-up drilling rig, for US$85mil (RM381.65mil). In a filing with Bursa Malaysia, the company said Icon Caren (L) Inc had entered into a sale and purchase agreement with ADES Arabia Holding “or any of its assignee” for the sell of Perisai Pacific 101. Icon Caren (L) is a

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ADNOC awards $1.83 billion for drilling related services

August 31, 2022
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Abu Dhabi National Oil Company (ADNOC) announced today, the award of five framework agreements valued at $1.83 billion (AED6.72 billion) for Directional Drilling and Logging While Drilling (LWD) to support its efforts to expand production capacity of its low carbon oil and gas resources to help meet the world’s growing demand for energy. The framework agreements are the

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Saipem announce new CEO

August 31, 2022
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Saipem has promoted Alessandro Puliti to the post of chief executive to replace Francesco Caio who has resigned with immediate effect. Puliti, will also continue in his current role as general manager of the group, Saipem added. Before joining Saipem in February this year, Puliti spent three decades first at Agip and then its parent energy giant Eni, including as

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Aker BP plans drilling in the Arctic Barents Sea next year

August 31, 2022
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Aker BP plans to drill up to 15 exploration wells next year, including in the Arctic Barents Sea, Aker BP Chief Executive Karl Johnny Hersvik said on Monday. "Our plan is to drill somewhere in the range of 12-15 wells and I'm assuming we will have the same level going forward," he told Reuters on the sidelines of an

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Louisiana drilling permits on the rise

August 31, 2022
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Louisiana’s Commissioner of Conservation Richard Ieyoub predicts his department will issue more than 800 drilling permits in 2022, significantly higher than the 563 issued in 2021, reports Louisiana Radio Network. “So there has been an increase in drilling, an actual increase over the last year, and certainly we’re going to probably grant quite a few more permits as the

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Global onshore rig demand forecast for 24% growth by 2026

August 26, 2022
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The outlook for onshore rig demand is improving with elevated commodity prices spurring increased drilling activity in many regions (from the lows of 2020 and 2021). Westwood expects to see a stronger increase in activity than previously forecast, however, operators remain wary of threats such as rapid changes in commodity pricing and the pricing of drilling materials

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Carbon capture market update from Wood MacKenzie

August 26, 2022
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The planned global carbon capture, utilisation and storage (CCUS) capacity pipeline has reached 905 million tonnes per annum (mtpa), with more than 50 new projects announced this quarter, says Wood Mackenzie, a Verisk business. These findings come from Wood Mackenzie’s ‘CCUS Market Update for Q2 2022’ report. Lucy King, Senior Research Analyst and author of the report, said: “Despite

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Shell to mobilize the Maersk Voyager for one well offshore Mexico

August 26, 2022
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CNH gave Shell the go-ahead to drill an exploratory well in ultra-deep waters off the coasts of Veracruz and Tabasco. The drilling of Aluk-1EXP will take place within contractual area CNH-R02-L04-AP-CS-G04/2018 and is included as part of the incremental alternative scenario of the modification to the original exploration plan, already approved by CNH on February 15, 2022

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