Transocean lands two new contracts in the Gulf of Mexico
Transocean Ltd. announced it was awarded two new contracts. One for the Deepwater Conqueror and the other for the Deepwater Asgard. Both will contribute approximately $55.5 million to their backlog.
Saipem lines up new work for the fleet
Saipem has confirmed various new contract awards and extensions for its offshore rig fleet.
Seadrill will play its part in the necessary industry consolidation says CEO
Seadrill Limited announced that the Company has entered into a plan support agreement (the “PSA”) with certain of the Company’s senior secured lenders holding approximately 57.8% of the Company’s senior secured loans (the “Consenting Lenders”) as well as a backstop commitment letter entered into with certain of the Consenting Lenders.
With weak offshore drilling sector fundamentals integration is ripe MSI reports
Maritime Strategies International recently reported that the offshore drilling sector is ripe for integration as it challenges the management of oversupplied and competitive markets, coupled with over-leverage balance sheets, weak liquidity and stressful finance.
Weatherford locked away more than $270 million in awards during Q2
Weatherford announced their second quarter 2021 results and here are the highlights
Overtime Ep 21
– Oil Prices – Jet Fuel Shortage – Brazil and It’s Energy Transition or Not – Cleveland Guardians – Rachael Ostovich – Movie Reviews – Pat Garrett’s
West Africa Weekly Ep 14
– Oil Prices – Top 5 largest oil and gas projects in Africa by investment – Dana Gas Wins Arbitration – Nigeria seeks funding for pipeline after China backs out – Silwana Diamond to explore offshore Guinea-Bissau
Oil Prices
August 2, 2021
| WTI
$71.52 |
| Brent
$73.29 |
| Natural Gas
$3.91 |
Rig Count
U.S. & Canada – July 30, 2021
International – July 4, 2021
| International Rigs
( +8 ) 758 |
| U.S. Rigs
( -3 ) 488 |
| Canada Rigs
( +4 ) 152 |
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