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Maersk Drilling grabs one-well gig for Petrogas

September 2, 2019
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Maersk Drilling announced that it has entered a contract with Petrogas North Sea Ltd. to drill an appraisal well at the Birgitta field in the Central part of the UK North Sea. The contract value is USD 7.6m. The contract is expected to commence in March 2020, with an estimated duration of 70 days. The contract includes an

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Bassoe: August Floater Report

August 31, 2019
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Other than the five two-year contracts Petrobras awarded recently (three of which were previously reported), fixtures have been mostly short-term (but slightly more abundant). Dayrate increases in the US Gulf and West Africa have been modest and restricted by the lack of long-term work available globally for the rest of 2019. There does seem to be relatively

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Q2 presentation, Borr states active worldwide jackup count to surpass 400

August 30, 2019
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Borr Drilling published their Q2 earnings on August 29th, results can be found here “Borr Drilling Q2 Earnings“ Also in their recent Q2 presentation, slide 14 showed an increase of 40 + additional contracted jackups will be added to the market in the near future. Source: Borr Drilling Photo: Borr Drilling Check out our other current stories! Croatia awards licenses for oil

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Croatia awards licenses for oil and gas exploration

August 29, 2019
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The Croatian government said on Thursday it had awarded licenses for gas and oil exploration and exploitation on six blocks in its flat north-eastern region to two local and two foreign companies. The licenses were given to Croatia’s biggest energy group INA, owned jointly by Hungary’s MOL and the Croatian government, Canada’s Vermilion Energy, Hungary-based Aspect Croatia which

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6500 evacuated after explosion in Venezuela gas plant

August 27, 2019
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Venezuelan President Nicolas Maduro says an investigation will begin immediately regarding an explosion at a natural gas-filling plant located in Miranda State on Saturday evening that forced some 6,500 residents of Ocumare del Tuy to temporarily leave their homes.  Oil Minister and PDVSA President Manuel Quevedo tweeted that President Maduro is starting an investigation into the case, and has a “contingency

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Valaris adds an additional $84 million worth of new contracts to the backlog

August 27, 2019
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Valaris plc announced today new contracts and contract extensions, with associated revenue backlog of $84 million , awarded subsequent to filing the Company’s most recent fleet status report on July 25, 2019 . VALARIS 8505 (ENSCO 8505) contract with Eni offshore Mexico extended by three wells, with an estimated duration of 225 days from February 2020 to September 2020VALARIS JU-290 (Rowan Viking) awarded a contract to provide

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BP exits Prudhoe Bay with $5.6 billion from Hilcorp

August 27, 2019
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Hilcorp Alaska (Hilcorp) announced today it will acquire all of BP’s ownership in upstream and midstream interests in Alaska for $5.6 billion including the Milne Point and Point Thomson fields and Prudhoe Bay oilfield where BPXA is the operator. This transaction marks Hilcorp’s fourth major acquisition in Alaska since 2012 and will position the company as one of the largest oil and gas producers in

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Stena grabs work for the Forth with Springfield in Ghana

August 26, 2019
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The Stena Forth vessel has been booked by Springfield Exploration and Production for the wells on West Cape Three Points (WCTP) Block 2, starting with the Oak prospect. Stena Forth will get down to work for Springfield once it finishes its contract with Tullow Oil in Guyana, where oil was struck at Jethro-1, the first discovery on the Orinduik

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Class action lawsuit filed against Valaris PLC

August 26, 2019
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The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Valaris was plagued by a weak ultra-deepwater segment, massive cash usage, and significant negative cash flow; (2) the foregoing was reasonably likely to have a material negative impact on Valaris’s second quarter 2019 results; (3) the merger

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Tungsten Explorer to drill exploration well for Total in offshore Lebanon

August 26, 2019
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It was mentioned below in an article posted by Lebanon Gas News that oil major Total will be drilling offshore Lebanon in the near future, they also mentioned the vessel to perform the work as the 6th generation Tungsten Explorer although there has been no formal contract announcement. Can read more here Check out our other current stories! Popular News

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