This month has been full of “Drilling Contractor†news, and that’s great for all our people out there still looking for work. Ensco sets at both the #1 and #2 spots with some big movements for them, the two scheduled hiring events as earlier report is up to over 28k views and next up is the merge/buyout of Rowan creating a massive fleet of 82 offshore rigs! Just behind that is Noble with putting more ships back to work and Rowan falls into the #4 spot with the Reliance being awarded a 1 year contract with options from Fieldwood. Pulling into #5 is Conoco getting first oil from their long term project in Alaska!

Lets get started with Ensco’s newly announced hiring events!

#1 (28,350 Views)

Drilling company Ensco slates two hiring events in Louisiana and Mississippi for Nov 7th and 8th

On their LinkedIn page yesterday, drilling company Ensco announced two job fairs taking place, one in Hattiesburg, Mississippi on November the 7th and the other in Alexandria, Louisiana. (more here)

#2 (8,505 Views)

Ensco buys Rowan for $2.3 Billion, creates massive fleet of 82 offshore rigs

Offshore driller Ensco Plc said on Monday it plans to buy smaller rival Rowan Cos Plc in an all-stock deal valued at $2.38 billion, as it looks to expand its fleet and benefit from a partnership with Saudi Aramco.

This creates an offshore drilling company with 82 offshore rigs in its fleet. The two drillers have said that the merger will create a driller with the broadest geographic presence of any offshore driller in the market. Rowan CEO will serve as the chief executive of the combined company.

Rowan shareholders will receive 2.215 Ensco shares for each Rowan share. Upon closing, Ensco and Rowan shareholders will own approximately 60.5% and 39.5%, respectively, of the outstanding shares of the combined entity. There are no financing conditions for this transaction. (more here)

#3 (2,736 Views)

Noble puts two idle drillships back to work

According to Noble’s latest fleet status report issued on Thursday, the 2013-built drillship Noble Don Taylor has been awarded a contract by Talos in the U.S. Gulf of Mexico.

The deal with Talos starts in early November 2018 and ends in mid-January 2019.

The dayrate has not been disclosed but Noble said that the rig will collect a dayrate over the defined contract period in addition to the idle dayrate of $420,000 in accordance with Shell’s decision from September to idle the rig for the remainder of its contract, or 183 days ending February 25, 2019. (more here)

#4 (864 Views)

Rowan Reliance Awarded 1 Year Plus Options from Fieldwood

HOUSTON, Oct. 29, 2018 /PRNewswire/ — Rowan Companies plc (“Rowan†or the “Companyâ€) (NYSE: RDC) announced today that the Rowan Reliance, an R-Class ultra-deepwater drillship, has been awarded a contract in the United StatesGulf of Mexico by Fieldwood Energy LLC with a firm term of one year plus three 90-day options at then market rates.  The contract is expected to commence the first quarter of 2019.  The Rowan Reliance is currently warm stacked offshore Louisiana in the US Gulf of Mexico. (more here)

#5 (772 Views)

ConocoPhillips gets first oil from North Slope GMT1

ConocoPhillips Alaska has achieved first oil production on the North Slope at the Greater Mooses Tooth #1 (GMT1), the company announced Oct. 9.

The GMT1 drill site is located in the National Petroleum Reserve-Alaska (NPR-A), an area of land on the Alaska North Slope owned by the U.S. federal government and managed by the Bureau of Land Management (BLM).

Peak production for GMT1 is forecasted to be 25,000 to 30,000 barrels of oil per day and the project is expected to cost $725 million, which includes construction and drilling expenses. (more here)

That’s it for this month, we will be back at the end of October for more of your top oil and gas posts, have a great month ahead!

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