Demand for accommodation rigs are recovering
Floatel International believes that the demand for accommodation rigs is starting to recover but, due to market oversupply, it still remains below levels in late 2019 before the Covid-19 pandemic, resulting in prices continuing to be under pressure.
With backlog sitting at $2.1 billion Seadrill provides Q3 update
Seadrill provided a market update for the third quarter of 2021 as they continued to sign high-quality contracts contributing to their $2.1 billion backlog,
Petrobras plans a 70 well drilling campaign over the next 5 years
Petrobras will invest US$ 5.5 billion in the Exploration segment in the five-year period 2022-2026, maintaining its focus on the Southeastern basins and on the Equatorial Margin.
Seadrill bags 3 yr contracts for the Carina and the Tellus
Seadrill Limited announced that it has secured two contracts with Petrobras for the West Carina and West Tellus rigs for work on the Búzios field offshore Brazil. Both contracts have been signed on a 3-year fixed-term basis, with expected commencement in September 2022.
Expro brings in over $50 million in subsea contracts
Expro, has secured four significant subsea well access contracts in Southeast Asia and Australia worth in excess of $50 million.
Oil Prices
Dec 6, 2021
|
WTI $69.83 |
|
Brent $72.77 |
|
Natural Gas $4.13 |
Rig Count
U.S. & Canada – December 3, 2021
International – December 3, 2021
|
International Rigs ( +17 ) 817 |
|
U.S. Rigs ( 0 ) 569 |
|
Canada Rigs ( +9 ) 180 |
Join our mailing list here
