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Constellation bags a two year contract with Petrobras for the 6th Gen Drillship the Laguna Star

July 8, 2019
| Archives

Petrobras signs until the end of this month the charter agreement for the Laguna Star drillship, which will operate exclusively for the BM-S-11 project in the Santos Basin cluster. The directors of Shell and Petrogal – partners of the Brazilian oil company in the BM-S-11 consortium – have approved the contracting of the Constellation equipment, and the

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Oil Tanker Seized by British Forces

July 6, 2019
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When British Royal Marines helped seize an oil tanker off the southern tip of Spain on Thursday, they opened up a legal wrangle that could drag on for months. The Grace 1, a supertanker able to haul 2 million barrels of crude, was arrested in the early hours of July 4 because Gibraltarian authorities said they had grounds to believe

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Shelf bags two years worth of work with Chevron for the Scepter

July 6, 2019
| Archives

Shelf Drilling, Ltd. announced that it has secured a contract for the Shelf Drilling Scepter jack-up rig with Chevron Thailand Exploration and Production, Ltd. (“Chevronâ€) for operations in the Gulf of Thailand. The contract is expected to commence in Q1 2020 and run until Q2 2022 and includes a one-year option. David Mullen, Chief Executive Officer, Shelf Drilling,

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Interpol “Red Notice†issued for the arrest of Pemex ex-CEO

July 6, 2019
| Archives

Mexico’s attorney general’s office said on Friday that a judge issued arrest warrants for the former chief executive of state oil firm Pemex, Emilio Lozoya, three of his family members and one other person, in a graft case involving Brazilian builder Odebrecht. The Finance Ministry said in May that it presented the attorney general’s office with three charges against

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Valaris, EnscoRowan’s ambition to be “Boldly First†in the industry

July 3, 2019
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Ensco Rowan plc announced that it will change its name to Valaris plc, effective July 31, 2019. Following its name change, the Company’s ordinary shares will trade under the new ticker symbol VAL. The name Valaris was selected following a comprehensive process that included participation from the Company’s employees around the world, feedback from customers and other market

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Maersk bags one well deal with Edison in Egypt

July 2, 2019
| Archives

Edison E&P has signed on the Maersk Discoverer to drill an exploration well in the North Thekah gas field. The contract is expected to commence in Q4 this year and includes an additional one-well option. The Discoverer is a KFELS/MSC DSS 21 designed 6th generation dual activity semi-submersible that was put into service in 2009. Bassoe estimates the

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Halliburton signs a 3 year drilling contract with KOC

July 2, 2019
| Archives

US energy service provider Halliburton has secured an integrated offshore drilling services contract from Kuwait Oil Company (KOC) for six high-pressure high-temperature (HPHT) exploration wells utilising two jackup rigs in the Arabian Gulf. The company will provide and manage drilling, fluids, wireline and perforating, well testing, coring, cementing, coiled tubing, and all offshore logistical services. Additionally, Halliburton will

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For the oilfield service industry its survival of the one who can cut back the most…

July 2, 2019
| Archives

For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival. Five years after crude began its plunge to less than $30/bbl from more than $100/bbl, the companies that drill and frack wells are living in a new world. The producers they work for have become increasingly efficient and cost-conscious, reacting to

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Wyoming Bureau of Land Management enjoys 94% bid success and $22 million on recent land offering

July 1, 2019
| Archives

Over 94 percent of public land offered during the Wyoming Bureau of Land Management’s quarterly oil and gas sale received bids, further expanding the reach of energy development. The sale brought in $22 million, with about half the earnings going to the state. Second quarter earnings came in far below the $100 million collected in March — a month with

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Two killed on Shell’s Auger TLP

July 1, 2019
| Archives

Two people were killed and one injured on Royal Dutch Shell Plc’s Auger platform in the Gulf of Mexico on Sunday. The incident occurred at 9 a.m. local time during “a routine and mandatory test of our lifeboat launch and retrieval capabilities,†a company spokeswoman said in an emailed statement. The injured person is being treated at a hospital

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