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Seadrill and Gulf Drilling International in joint venture “GulfDrillâ€

August 15, 2019
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Seadrill Limited refers to the announcements made on May 1, 2019 in connection with the award of  drilling contracts by Qatar Petroleum to Gulf Drilling International (“GDIâ€). Seadrill and GDI have entered into a 50:50 joint venture, GulfDrill, which will initially manage and operate five premium jackups in Qatar with Qatar Petroleum commencing throughout 2020. The five firm well

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Vantage Drilling ahead on Q2 earnings with recent payments from Petrobras

August 14, 2019
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Vantage Drilling International reported net income attributable to controlling interest of approximately $590.7 million or $116.96 per share for the three months ended June 30, 2019 compared to a net loss attributable to controlling interest of $31.1 million or $6.22 per share for the three months ended June 30, 2018. The net income stems from the recent payments

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Pacific Drilling issues fleet status update

August 14, 2019
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Pacific Drilling announced that its report of drilling vessel status and contract information has been updated as of August 13, 2019. One of the largest things to note is that the Pacific Khamsin’s 2nd option has been picked up by Total in the GOM, estimated start date of March 2020 for a dayrate of 252k, this includes a

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Reliance teams up with Microsoft to roll out broadband in India

August 12, 2019
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Reliance Industries unveiled plans to launch high-speed internet services in India, a tie-up with Microsoft and a stake sale in its oil business to Saudi Aramco, underscoring billionaire Chairman Mukesh Ambani’s ambitions for the group. The big tech push comes as the group bolsters its consumer-focused retail and telecoms units to match the strength of its key oil-and-gas

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Three burned in rig accident south of Kirbyville, Texas

August 12, 2019
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Four people have been injured in an explosion at oil rig in Jasper County this past Friday morning. Two people were flown by helicopter from the scene of the explosion, Jasper County Sheriff Mitchell Newman said.  Another person was taken by ambulance to Silsbee where they were then flown to a hospital by helicopter, he said. A fourth person

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Occidental Completes Acquisition of Anadarko

August 9, 2019
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Occidental Petroleum Corporation today announced the successful completion of its acquisition of Anadarko Petroleum Corporation in a transaction valued at $55 billion, including the assumption of Anadarko’s debt. “With Anadarko’s world-class asset portfolio now officially part of Occidental, we begin our work to integrate our two companies and unlock the significant value of this combination for shareholders,â€

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Petrobras circulates e-mail for bidding on the Vitoria 10000

August 8, 2019
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Petrobras and the Vitoria 10000 previous published link here, Today emails were sent around to interested parties with a link to allow for bidding to take place on September 18th. On July 24th,2019 was published in the Federal Official Gazette Call for Tender No. 5900.002.2019 for the International Bidding of the VITORIA 10000 drillship (NS-30). The electronic trading

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Shelf Drilling’s Resourceful gets extended

August 6, 2019
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Shelf Drilling, Ltd. announced that it has secured a six-month contract extension on the Shelf Drilling Resourceful jack-up rig in direct continuation of its current contract for drilling operations offshore Nigeria. The rig is currently working for Chevron. Source: Shelf Drilling Photo: Shelf Drilling Check out our other current stories! Borr Drilling awarded another contract in MexicoPetronas signs exploration contract

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Borr Drilling awarded another contract in Mexico

August 6, 2019
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Reference is made to Borr Drilling Limited’s previously disclosed information regarding its two contracts in Mexico with Petróleos Mexicanos (“Pemexâ€), in what is referred to as “Cluster 2â€, under an integrated services model. The first rig, the “Gridâ€, has arrived on site and is currently commencing its contract, while the second rig, the “Gersemiâ€, is expected to

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Petronas signs exploration contract in Gabon, first company in 5 years

August 5, 2019
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Malaysia’s state-owned oil company has signed an agreement with Gabon for two exploration permits after the African country enacted a new oil law last month, the government said in a statement citing Noel Mboumba, Gabon’s petroleum minister. Petroliam Nasional Bhd, known as Petronas, already has a presence in Gabon and is the first company to sign an exploration

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