Seadrill sells the West Freedom for $5 million
court documents show that Seadrill has sold its 2009-built jackup West Freedom to New Fortress Energy for $5 million for conversion for its LNG project.
Borr awarded drilling contract offshore Gabon
VAALCO announced that, in conjunction with its 2021/2022 drilling program planned to begin later this year, it has executed a contract with Borr Jack-Up XIV Inc., an affiliate of Borr Drilling Limited, to drill two development wells and two appraisal wellbores with options to drill additional wells.
Petrobras makes bidding classifications public for Buzios rigs
Seadrill and China Union took the lead in Petrobras’ bid to charter new rigs aimed at depth of 2,400 m of water. The Norwegian drilling company had the lowest price on lot A, which required a unit equipped with MPD, while the Chinese had the best offer on lot B, intended for a simple rig.
New Texas Law Combats War on Oil and Gas
Governor Greg Abbott signed a bill into law banning state investments in businesses that cut ties with the oil and gas industry. The underlying message, according to one of the most powerful energy regulators in the state, is simple: Boycott Texas, and we’ll boycott you.
Shelf Drilling picks up one year contract for the Tenacious
Shelf Drilling, Ltd. announced that it has secured a one-year contract for the Shelf Drilling Tenacious jack-up rig with a wholly owned subsidiary of Chevron Corporation (“Chevron”) – Cabinda Gulf Oil Company Limited (“CABGOC”), for operations offshore Angola.
Overtime
West Africa Weekly
Oil Prices
June 20, 2021
|
WTI $71.41 |
|
Brent $73.22 |
|
Natural Gas $3.21 |
Rig Count
U.S. & Canada – June 18, 2021
International – June 4, 2021
|
International Rigs ( +55 ) 750 |
|
U.S. Rigs ( +9 ) 470 |
|
Canada Rigs ( +24 ) 117 |
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