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Enquest awards KCA Deutag a multi-million dollar contract for three platforms

February 25, 2019
| Archives

​Global drilling and engineering contractor KCA Deutag today announces that its Offshore business unit has been awarded a new drilling contract by Enquest Heather Limited (“Enquestâ€) for the Magnus, Thistle and Heather platforms. The multi-million dollar contract is for the provision of platform drilling services on all three platforms and came into effect on 1 January 2019. It has

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Ensco inks new contracts with fresh fleet update status

February 21, 2019
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Ensco PLC issued an update for their fleet, some new contracts in the mix New Contracts and Extensions Floaters: ENSCO 8503 awarded a four-well contract with Apache in the U.S. Gulf of Mexico that is expected to commence in June 2019ENSCO DPS-1 awarded a two-well contract with Woodside offshore Australia that is expected to commence in February 2020ENSCO

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Shelf grabs 4 new CJ46 Jackups

February 21, 2019
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Shelf Drilling, Ltd. has today entered into agreements with affiliates of China Merchants & Great Wall Ocean Strategy & Technology Fund regarding the acquisition of two newbuild premium jack-up rigs (CJ46) for a purchase price of USD 87 million per rig and Bareboat charters of, and the option to buy, two additional CJ46 jack-up rigs. David Mullen, Chief

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Transocean retiring the Eirik Raude

February 20, 2019
| Archives

Jeremy D. Thigpen, President and Chief Executive Officer had this to say during the Q4 earnings call yesterday concerning the 2002 Bingo 5th gen harsh environment semi submersiable “Eirik Raude†: “Also in furtherance to our fleet strategy, we announced the retirement of eight, older, less marketable assets in 2018 and just recently announced our intention to retire

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Eco, Total and Tullow partner up and grab the Stena Forth for Guyana job

February 20, 2019
| Archives

Eco (Atlantic) Oil and Gas Ltd. along with its partners in the Orinduik Block, offshore Guyana, Total E&P Activities (“Totalâ€) and Tullow Guyana B.V. (“Tullowâ€) (Operator) (the “Partnersâ€), is pleased to announce it has contracted a rig, the Stena Forth, a sixth-generation drillship from Stena Carron Drilling Limited Guyana Branch (“Stenaâ€), to drill the Jethro-Lobe prospect on the Orinduik Block

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US law firms investigating Bristow

February 20, 2019
| Archives

A number of US law firms have announced investigations into Bristow Group on behalf of investors the move comes after the firm last week cast doubt on the validity of its own finances. The company, which has a base in Aberdeen serving the oil and gas sector, saw its share price tumble last week after it reported “material

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Oil trades at highest level since November

February 19, 2019
| Archives

(Bloomberg) — Oil traded near the highest level since November on optimism the U.S. and China can reach a trade deal and as an outage at the world’s largest offshore field in Saudi Arabia signaled tightening supply. Futures in New York rose as much as 1 percent after advancing 5.4 percent last week. President Donald Trump said talks

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Two 7 year contracts awarded to ADES

February 19, 2019
| Archives

ADES International Holding PLC, an oil & gas drilling and production services provider in the Middle East and North Africa, is pleased to announce that it has secured two onshore drilling contracts in the Kingdom of Saudi Arabia, following a competitive tender process. Each of the secured contracts has a tenure of seven years (five years fixed and

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Ensco and Rowan both receive clearance for merger from CMA

February 16, 2019
| Archives

Ensco plc and Rowan both announced today that they have received clearance from the United Kingdom’s Competition and Markets Authority for their pending combination. Completion of the transaction remains subject to satisfaction or waiver of certain other conditions, including approval by the shareholders of both Ensco and Rowan along with other regulatory and court approvals. Just to remind

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