Weekly Rundown – The top 5 stories from the past week
By Rig Lynx
Apr 01, 2019
Category : Weekly Rundown
Views : 721
In the first spot this week is a good article about the
recovery off the offshore sector, good news indeed, still a bit slow but proud
it is picking back up, behind that we have Odfjell with the abundance of new
hires needed to fill upcoming backlog from some well managed negotiations, great
to see people going to work here! In the number 3 spot we have the Bluewhale 1
grabbing up a contract for 1.5 years, good for the floater utilization, behind
that we have Rowan getting the blessing from Saudi on their merge with Ensco, now
you ask why Saudi, well Rowan has a lot of time wrapped up with Saudi Aramco
with the announcement
of last year’s deal with some of their rigs, so with 18 years of backlog
with a customer you want to make sure you are in the good. In the last spot we
have Shelf in the news again as they ink up work for the High Island V.
We hope all of you had a great weekend, thanks for reading here with us and we wish you a great start to week 14!
Saipem exploring drilling division sell off
Saipem SpA is considering a roughly 4 billion euro ($4.5 billion) restructuring package that could include a cash injection and asset sales.
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Transocean lines another rig up for Petrobras
Transocean to sign a new charter contract with Petrobras. The company took the lead in the oil company’s new request for quotation aimed at the international bid to carry out a drilling campaign in the Tayrona area, located offshore Colombia.
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Seadrill emerges from bankruptcy after more than a year of restructuring
Seadrill 2021 Limited has emerged from Chapter 11 after successfully completing its reorganization pursuant to its Chapter 11 plan of reorganization.
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Chevron looks to sell off EG stakes for USD $1 billion
Chevron is looking to sell its stakes in three oil and gas fields in Equatorial Guinea, hoping a recent rally in energy prices will help attract buyers.
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Valaris fleet status update is out, multiple contracts awarded
Valaris published a fleet status update and here are the highlights that have not been previously announced.
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Oil Prices
Feb 28, 2022
WTI
$95.84
Brent
$98.02
Natural Gas
$4.47
Rig Count
U.S. & Canada - February 11, 2022
International - February 4, 2022
International Rigs
( +7 ) 841
U.S. Rigs
( +5 ) 650
Canada Rigs
( +4 ) 224
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Transocean updates on the Deepwater Titan
Transocean recently announced that the drydocking for the 8th generation Deepwater Titan has been completed in Singapore at the Sembcorp facilities. It will soon be heading into its next phase moving out to sea.
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Sack full of new contracts announced in Borr's Q4 results
Borr Drilling issued its Q4 2021 presentation and we have the highlights right here.
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Noble Corp issues Q4 results, currently sitting on $1.2 billion backlog
Noble Corp issued their Q4 results and we have the highlights right here.
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Noble scrapping the Clyde Boudreaux
Noble Corp President and CEO Robert Eifler had a brief message during the Q4 results call about the Clyde Boudreaux.
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Fox Petroleum Group soaring the skies with new Investment in Aviation
Fox Rubicon Capital Partners signed a monumental global agreement for USD 1.5 Billion on a 9 year term for the aviation and aeronautics sector.
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Oil Prices
Feb 20, 2022
WTI
$92.00
Brent
$93.64
Natural Gas
$4.43
Rig Count
U.S. & Canada - February 11, 2022
International - February 4, 2022
International Rigs
( +7 ) 841
U.S. Rigs
( +10 ) 645
Canada Rigs
( +1 ) 220
Join our mailing list here
We are #1 on Google and Bing for the "Largest Mobile Energy Network"
Come join our community!
Download the Rig Lynx app here
39 year old semi Olinda Star awarded 16 month contract
Constellation secured a new charter contract for the 39-year-old semi the Olinda Star. The Brazilian group closed a deal with ONGC, guaranteeing 16 months of chartering, after presenting a best price in the bidding conducted by the oil company.
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Aban sells Deep Driller 1 to ADES for $12 million
Aban Offshore has approved the sale of Rig Deep Driller 1 owned by their subsidiary Deep Drilling 1 Pte Ltd subject to the approval of Shareholders.
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Sparrows awarded 3 year contract with Serica Energy
Sparrows Group announced a contract award from Serica Energy for crane operations and maintenance services on North Sea platform, Bruce.
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Shell to use Enhanced Drilling's Closed Riser CML services in deepwater GOM
Enhanced Drilling (EDR) has recently received an order from Shell Offshore Inc. to supply a second EC-Drill® Controlled Mud Level (CML) system to be used in the Gulf of Mexico (GOM).
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Aker Solutions signs 3 year extension with Equinor
The contract provides work for Aker Solutions' operations in Trondheim, Bergen and Stavanger in particular, and will be managed from the company’s offices in Trondheim.
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Oil Prices
Feb 14, 2022
WTI
$93.55
Brent
$94.43
Natural Gas
$3.94
Rig Count
U.S. & Canada - February 11, 2022
International - February 4, 2022
International Rigs
( +7 ) 841
U.S. Rigs
( +22 ) 635
Canada Rigs
( +1 ) 219
Join our mailing list here
We are #1 on Google and Bing for the "Largest Mobile Energy Network"
Come join our community!
Download the Rig Lynx app here
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