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Awilco signs LOI for the WilPhoenix

January 30, 2020
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Awilco Drilling PLC has signed a Letter of Intent with an undisclosed operator for the provision of WilPhoenix. The one well program has an estimated duration of 115 days and will commence in direct continuation from the rig’s current contract with Apache North Sea Limited in Q2 2018. The contract value is estimated at USD 13.8 million. WilPhoenix

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Grupo R signs up the Cantarell III with Hokchi Energy in Mexico

January 30, 2020
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On January 27, 2020 the Cantarell III self-elevating drilling rig arrived in Mexico. Grupo R signed a marine and logistics drilling contract with the company Hokchi Energy, S.A. de C.V. The Cantarell III platform will drill the wells of the Hokchi field development campaign located off the coast of the State of Tabasco. In this regard, Ramiro Garza Vargas,

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Northern Offshore lands a two year contract for the Energy Embracer

January 28, 2020
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Northern Offshore announces a contract award from Qatar Petroleum for the GustoMSC CJ46 jack-up unit, “Energy Embracerâ€. The Energy Embracer was delivered from the Shanghai Waigaoqiao Shipyard in China to Northern Offshore in December 2018 and has since been warm stacked undergoing maintenance and inspections from the shipyard and OEM representatives. The drilling unit is expected to commence work offshore of Qatar in April 2020 for a

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ExxonMobil rings in 2020 with a total of 15 discoveries and 8 billion oil-equivalent barrels in Guyana

January 28, 2020
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ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil equivalent barrels and made a further oil discovery northeast of the producing Liza field at the Uaru exploration well, the 16th discovery on the Stabroek Block. The new recoverable resource estimate includes 15 discoveries offshore Guyana through year-end 2019. The Uaru discovery is

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Bristow and ERA merge

January 24, 2020
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Bristow Group Inc. and Era Group Inc. announced today that they entered into a definitive agreement to combine the two companies in an all-stock transaction, creating a financially stronger company with enhanced size and diversification. The combined company, which will be named Bristow, will strengthen its global leadership position with significant operations throughout the Americas, Nigeria, Norway, the

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Awilco Drilling selects IFS to support automation on its harsh environment 6th gen semis

January 23, 2020
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IFS, the global enterprise applications company, announces that Awilco Drilling, a North Sea drilling contractor has selected IFS Applications™ to support its new-build program for two sixth-generation, harsh-environment semi-submersible rigs. With two state-of-the-art hybrid rigs under construction and two more sister rigs as options, Awilco Drilling aims to become the most digital and environmentally friendly drilling operator in the North Sea.

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India and Brazil sign exploration MoU

January 23, 2020
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The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the Memorandum of Understanding to be signed between Geological Survey of India (GSI), Ministry of Mines of the Republic of India and Geological Survey of Brazil – CPRM, Ministry of Mines and Energy of the Federative Republic of Brazil on “Cooperation

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Egypt locks in nine E&P agreements with four international companies

January 22, 2020
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  The Egyptian Ministry of Petroleum has signed nine agreements with a gross investment of $452.3 million for oil and gas exploration in the Mediterranean and Western Deserts. The agreements were signed with officials of four international petroleum companies including Shell, Apache, Petronas and BP. Each of the nine agreements include additional grants worth $84 million to be allocated

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Caspian Explorer purchased for $25ml

January 21, 2020
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The company, which has mostly been focused on onshore activities on Tuesday proposed the acquisition of the  Caspian Explorer drilling vessel. The vessel is capable of drilling exploration wells to depths of up to 6,000 meters in extremely shallow water, and Caspian Sunrise plans to use it in the North Caspian Sea. Caspian Sunrise said: “To date, Caspian

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JDC lines up semi Hakuryu 5 for work with PTTEP

January 21, 2020
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Japan Drilling Co., Ltd. (JDC) is pleased to announce that its subsidiary company “Hakuryu 5, Inc.†has entered into a drilling contract with PTTEP International Limited for the provision of a semi-submersible drilling rig “HAKURYU-5â€. The main terms of the drilling contract are as follows: 1. Operating Area：Andaman Sea, Myanmar2. Period of Contract：Approximately 283 days3. Estimated Commencement

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