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Maersk Drilling receives a contract from Serica Energy

October 31, 2019
| Archives

Maersk Drilling has entered into a contract to drill a subsea development well for Serica Energy plc at the Columbus Development in the UK NorthSea. Work will commence in Q4 2020, with an estimated duration of 70 days, expected contract value is USD 8m. The harsh environment jack-up rig to be used for the job has yet to

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Vantage Drilling receives a 1 year extension on the Sapphire Driller from ENI Congo

October 31, 2019
| Archives

Vantage Drilling International announced across their social media channels yesterday that Eni has exercised a one year option on the existing contract for the Sapphire Driller in Congo. This will commence in direct continuation during Q2 2020. Ihab Toma, the CEO, commented “The Sapphire Driller’s focus has been on providing safe and efficient well operations for Eni.

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Houston Oil And Gas Jobs Set To Decline Through 2020

October 29, 2019
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The outlook for Houston’s oil and gas sector is increasingly grim. The industry is on track to finish out the year shedding almost all the jobs it’s added since the start of 2019, according to the Greater Houston Partnership. Local employment in oil and gas appears to have hit the high point of its current cycle in June.

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BP CFO says Oil prices finely balanced at $60/bbl

October 29, 2019
| Archives

  Brent oil prices are finely balanced at around $60 a barrel but are more likely to move lower than higher in the near term due to U.S.-China trade tensions, BP Chief Financial Officer said. Speaking to Reuters after BP reported a 40% drop in third quarter results, Brian Gilvary said global oil demand growth slowed to 900,000 barrels

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Ezion Holdings scraps 3 jackups for $1.00 each

October 29, 2019
| Archives

The Board of Directors (the “Directorsâ€) of Ezion Holdings Limited (the “Companyâ€, and together with its subsidiaries, the “Groupâ€) wishes to announce that the Group had entered into a conditional sale and purchase agreement (“SPAâ€) with TK and HR Services S.A. de C.V. (the “Purchaserâ€), pursuant to which the Group agreed to sell to the Purchaser, and

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Diamond grabs up additional work for the Ocean Apex

October 28, 2019
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Diamond Offshore’s latest fleet status report revealed a few contract adjustments. Confirmation of a 10-month contract with Woodside in Australia for the Ocean Apex starting in 2021. Currently the rig is working for BP in Australia on the Ironbark prospect and expected to finish up in Dec 2020. Diamond also announced that the Ocean Confidence semisub is being held

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Saipem Looking for a Drilling Partner

October 26, 2019
| Archives

Italian oil service group Saipem is pressing ahead with plans to find a partner for its drilling unit to focus on its core business of building offshore installations and pipelines, the company’s chief said on Thursday. Saipem makes most of its revenues from its engineering and construction (E&C) unit but wants to keep exposure to drilling to capture

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Semi Sub Delba III sold to OOS International

October 26, 2019
| Archives

The Dutch group OOS is the new owner of the semi-submersible ODN Delba III, which until August was part of Ocyan’s fleet in Brazil. The company acquired the equipment after settling the operation with a pool of banks financing the unit, led by the Inter-American Development Bank (IDB). Made in conjunction with a Mexican investment bank, the acquisition

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New contract awards and extensions- Valaris

October 26, 2019
| Archives

Valaris released its latest fleet update status this week! Floaters VALARIS DS-16 (Resolute) contract with Fieldwood in the U.S. Gulf of Mexico extended by approximately 180 days from March 2020 to September 2020 due to an extension of the contract to complete the well in progress and the exercise of a 90-day optionVALARIS DS-15 (Renaissance) awarded a one-well contract

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