West Africas deepwater rig utilization could triple by 2022
US Gulf of Mexico and Brazil have already witnessed substantial recovery in the deepwater rig market. However, West Africa has struggled with sluggish growth, with current competitive utilization of just 40% in comparison to 80% in the US Gulf of Mexico and 95% in Brazil.
Shell kicking off work in Campos Basin with West Tellus mid-October
Shell will start, by mid-October, a new intervention campaign at Parque das Conchas. The West Tellus drillship, from Seadrill, is already sailing to the Campos Basin.
COSL awarded work for the Pioneer
COSL Drilling Europe has been awarded a contract for wells operations on the Abigail Well and the Captain phase II Subsea Development in the central North Sea on the UK Continental Shelf (UKCS).
Brand Spanking New Features!!!!!
Petrobras spuds in wildcat with the Ocean Courage
Petrobras began drilling a wildcat well in the Tres Marias block, in the Santos basin. The activity is being carried out with the Ocean Courage.
Oil industry needs $500 billion injection to avoid future supply crisis
Oil explorers need to raise drilling budgets by 54% to more than half a trillion dollars to forestall a significant supply deficit in the next few years, according to Moody’s Investors Service Inc..
Overtime Ep 24
- Oil Prices
- Europe Gas and Putin
- National Gas Prices
- Cali Oil Spill and Perspective
- Justin Thornton
- Tampa Bay Jacks Cheat Sheet
- How Many Walnuts Can Fit in an Avalanche
- Missing Man Found After Joining His Own Search Party
West Africa Weekly Ep 16
- Oil Prices
- PGS awarded more work from ExxonMobil offshore Suriname
- Angola announces award of 2020 Bidding Blocks
- West Africa deepwater rig utilization could triple by 2022
Oil Prices
October 11, 2021
|
WTI $80.48 |
|
Brent $83.54 |
|
Natural Gas $5.56 |
Rig Count
U.S. & Canada – October 8, 2021
International – October 1, 2021
|
International Rigs ( +10 ) 787 |
|
U.S. Rigs ( + 5 ) 533 |
|
Canada Rigs ( +2 ) 167 |
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