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Transocean dumps 2 legacy Ocean Rig newbuilds back in the hands of SHI

September 24, 2019
| Archives

Transocean Ltd. announced today that two of its indirect, wholly-owned subsidiaries will relinquish their respective interests in two drillships under construction – the Ocean Rig Santorini and the Ocean Rig Crete (the “Drillshipsâ€) – to Samsung Heavy Industries Co., Ltd. (“SHIâ€).  Upon relinquishment of the Drillships, Transocean’s indirect, wholly-owned subsidiaries will not make further payments to SHI under the construction contracts. The total

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Kosmos and BP find world scale gas resources offshore Senegal

September 23, 2019
| Archives

Kosmos Energy announced today that the Yakaar-2 appraisal well has encountered approximately 30 meters of net gas pay in similar high-quality Cenomanian reservoir to the Yakaar-1 exploration well, continuing the 100 percent success rate of wells targeting the inboard Mauritania/Senegal gas trend. Yakaar-2 was drilled approximately nine kilometers from Yakaar-1 and proved up the southern extension of the

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Bassoe: September Jackup Report

September 23, 2019
| Archives

The latest Bassoe Analytics jackup report is out.   Jackup utilization continues to rise as demand particularly in the Middle East, Southeast Asia, and Mexico consumes an increasingly large amount of rig supply, including newbuilds. Since our last report, seven previously stranded newbuilds have secured bareboat contracts with operators in these regions. More deals similar to these are expected to be

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Talos teams up with BP and ExxonMobil in deepwater GOM explorations

September 19, 2019
| Archives

Talos Energy Inc. today announced that it has entered into two separate agreements with BP plc and Exxon Mobil Corporation related to new exploration opportunities in the U.S. Gulf of Mexico. The Company will work with BP to drill and evaluate the Puma West prospect (“Puma Westâ€), located in Talos-owned Green Canyon Block 821, in the fourth quarter

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Maersk Intrepid gets six-month extension

September 19, 2019
| Archives

Today, Maersk Drilling announces that Equinor has exercised two options of two months each for the Maersk Intrepid jack-up rig to continue working at the Martin Linge field offshore Norway. In addition, the parties have signed a further two-month extension in direct continuation of Maersk Intrepid’s current contract, which in total will keep the rig on contract

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Drillship auction brings no bidders

September 19, 2019
| Archives

As previously reported, Petrobras was trying to sell drillship Vitoria 10000 via an auction. Vitoria 10000 is a drillship of a Samsung 10000 design built in 2010, which is currently warm stacked in Brazil. The minimum price for the rig was set at $47.5 million. Bassoe Offshore has just reported that the auction closed with no bids. At first glance, the

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ExxonMobil hits 14th discovery in Guyana

September 17, 2019
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ExxonMobil today said it made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated recoverable resource of over 6 billion oil-equivalent barrels on the Stabroek Block, the US oil major said in a release today. This would be its 14th find since

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Record breaking $87 million services contract between Weatherford and Petrobras

September 14, 2019
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Weatherford International plc, announced the signing of an $87 million contract for fishing and intervention services with Petróleo Brasileiro S.A., which is more commonly known as Brazilian-based multinational corporation Petrobras. The four-year agreement represents the largest fishing contract ever signed by Weatherford. It also constitutes the largest single global award for this scope in the recent past.   “Weatherford is the

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Tamarind axes drilling plans after only one well with COSL Prospector

September 14, 2019
| Archives

Tamarind Resources has halted drilling at its Tui oil field off the Taranaki coast after the first of the three planned wells came up dry. Managing director Ian Angell says that despite the “unexpected†result from the first well, the firm believes the other two prospects are worth pursuing. But the company will not continue the programme “at this

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Oil and Gas Blockchain Tech: Data Gumbo First Contract to Implement a Blockchain Pilot in Water Haulage

September 14, 2019
| Archives

Data Gumbo Corp., a Houston-based technology company that has developed the blockchain-as-a-service (BaaS) platform GumboNet™ to streamline smart contracts for oil & gas, today announced that the Offshore Operators Committee (OOC) Oil & Gas Blockchain Consortium has awarded the company its first contract to implement a pilot blockchain in water haulage. This pilot is the first industry-wide use of

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