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Peterson bags new logistics contract with Shell

March 1, 2022
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International energy logistics provider Peterson has signed a new contract with Shell to provide supply base services from the Port of Lowestoft. The new contract follows the expiry of a 7-year-old contract and strengthens the long-term partnership between Peterson and Shell in this region. It also helps to secure jobs in Suffolk and the surrounding areas. From excellent facilities at the Port of

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Shelf awarded contract for the Mentor

March 1, 2022
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Shelf Drilling has secured a new contract award for the Shelf Drilling Mentor jack-up rig for operations offshore Nigeria. The contract has an estimated duration of 225 days with an option for additional wells. The contract is expected to commence in Q2 2022. Source: Shelf Drilling Join our mailing list here

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Shelf announces Q4 results, backlog sits at USD $1.7 billion

March 1, 2022
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Shelf Drilling, Ltd. announced results for the fourth quarter and full year of 2021 ending December 31. David Mullen, Chief Executive Officer, commented: “During the fourth quarter of 2021, our EBITDA increased sequentially by 28% to $43.5 million, primarily due to a rise in revenue. We have successfully completed a period with a high concentration of out-of-service

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Neptune spuds in Hamlet

February 28, 2022
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Neptune Energy and partners have commenced drilling at the Hamlet exploration well in the Norwegian sector of the North Sea. The well (35/9-16S) is being drilled by the Deepsea Yantai, a semi-submersible rig, owned by CIMC and operated by Odfjell Drilling. The Hamlet prospect is located 7 km north of the Gjøa field within the Neptune-operated PL153 Licence. Neptune Energy’s Director of Subsurface

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JDC awarded work with Medco

February 28, 2022
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Japan Drilling Co., Ltd. (JDC) is pleased to announce that its subsidiary company "PT. Japan Drilling Indonesia" has entered into a drilling contract commencing around July - August 2022 with Medco E&P Natuna Ltd. for the provision of a jack-up drilling rig "HAKURYU-11". Source: JDC Join our mailing list here

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Oil majors Equinor, Shell and BP start to exit Russia

February 28, 2022
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Oil majors such as Equinor, Shell and BP start to exit Russia removing interests over the attacks against Ukraine  Equinor’s Exit Equinor has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures. 'We are all deeply troubled by the invasion of Ukraine, which represents a terrible setback for the world, and we

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Seth Berry – U.S. natural gas production forecasts show growth through 2023

February 24, 2022
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The Energy Information Agency’s (EIA) recent Short-Term Energy Outlook shows a positive future for U.S. natural gas production over the next two years. The government agency forecasts production reaching record highs of 106.6 Bcf/d by 2023 supporting an average price of $3.60/MMBtu with the lion’s share of growth tied to new wells in the Permian, Appalachian, and

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TotalEnergies announce significant find offshore Namibia

February 24, 2022
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TotalEnergies has made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia.  The Venus 1-X well encountered approx. 84 meters of net oil pay in a good quality Lower Cretaceous reservoir.  'This discovery offshore Namibia and the very promising initial results prove the potential of this play in the Orange

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Velesto awarded work with ExxonMobil

February 24, 2022
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Velesto Energy announced that it has received a Letter of Award from ExxonMobil Exploration and Production Malaysia Inc. for provision of one (1) hydraulic workover unit and services for EMEPMI (“Contract”). The duration of the Contract is one (1) year commencing from Q3-2022 until completion of EMEPMI’s selected wells program.  The value of this enabling contract with

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Odfjell publishes Q4 report, backlog sits at USD $2.3 billion

February 24, 2022
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Odfjell Drilling published their Q4 report and below are the highlights Operating revenue of USD 222 million compared to USD 355 million in Q4 2020. EBITDA of USD 85 million compared to USD 171 million in Q4 2020. EBITDA margin of 38% compared to an EBITDA margin of 48% in Q4 2020. The Group’s contract backlog is USD

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