Drilling
News
August 15, 2024
Offshore oil contractor Borr Drilling Ltd. expects almost a third of the world’s fleet of shallow-water rigs to be retired in the coming years because of their age, leading to higher daily leasing rates.
News
August 15, 2024
Seatrium Limited has successfully delivered its fourth jackup rig, named "Vali," to Borr Drilling, about a year ahead of the planned delivery date. The project was completed on an accelerated schedule, highlighting Seatrium's ability to execute major projects efficiently and on budget.
News
August 14, 2024
Petroleos Mexicanos has reached a deal with an oilfield-services provider to drill in the Gulf of Mexico as the heavily indebted state energy company turns to the private sector to boost crude production.
News
August 14, 2024
Germany will scrutinize an application to drill for natural gas at a protected marine site after explorer One-Dyas BV cleared a key hurdle with local authorities.
News
August 11, 2024
The extension from October provides firm revenue backlog of approximately $24.3-34.2 million, with the option to extend for an additional well, potentially adding a further approximately $26.9-36.9 million.
News
August 01, 2024
Occidental Petroleum Corp. and Ecopetrol SA are gearing up to plumb the depths of Colombia’s Caribbean waters in search of oil and gas. The plan is to drill the Komodo-1 well before the year is out in seas roughly 3,900 m (close to 13,000 ft) deep. That’s equal to about 10 Empire State Buildings stacked on top of each other and would shatter the current water-depth record holder in Angola.
News
July 31, 2024
Transocean Ltd. announced a 1,095-day contract for the Deepwater Invictus with bp in the U.S. Gulf of Mexico. The program is expected to commence in the first quarter of 2025 and is estimated to contribute approximately $531 million in backlog.
News
July 26, 2024
Noble Corp. and Diamond Offshore Drilling Inc. announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for their pending merger.
News
July 25, 2024
Transocean Ltd. issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. The aggregate incremental backlog associated with these fixtures is approximately $656 million.
News
July 22, 2024
Valaris Limited has been awarded a multi-year contract with Equinor Energy do Brasil Ltda., a subsidiary of Equinor ASA (“Equinor”), for drillship VALARIS DS-17. The contract relates to work offshore Brazil on Project Raia. Equinor’s project partners are Repsol Sinpoec Brazil (35%) and Petrobras (30%).
News
July 21, 2024
The Ocean BlackRhino was awarded a contract with a minimum duration of 180 days for a total value of approximately $89 million. The contract also includes two additional option periods.
News
July 16, 2024
Hammerhead aims to start production in 2029, boosting Guyana's oil production capacity to over 1.4 MMbpd. Exxon, along with partners Hess Corp and China's CNOOC, expects Hammerhead to produce between 120,000 and 180,000 bpd, which is less than the 250,000 bpd from its largest vessels offshore Guyana.
News
July 09, 2024
The company expects to drill as many as five wells within the Northern Cape Ultra Deep license block, about 300 km (186 miles) offshore the west coast of South Africa in depths up to 3,200 m. Shell and TotalEnergies SE made oil and gas discoveries in Namibian waters north of the block starting in 2022.
News
July 07, 2024
The contract value for the firm period is approximately $68 million, and the contract also includes two 7-month options. The planned start-up of operations is set for March 2025.
News
July 03, 2024
The three new island rigs will operate on existing and newly constructed innovative artificial islands at the offshore Zakum field for drilling and completion of wells. The rigs, which will be constructed by Honghua Group (HH), will incorporate industry leading technology and automation. Delivery of the rigs and commencement of operations is expected during 2026.
News
June 26, 2024
Transocean Ltd. announced a 365-day contract extension for the Deepwater Asgard with an independent operator offshore the U.S. in the Gulf of Mexico. The program is expected to commence in direct continuation of the rig’s current program and is estimated to contribute approximately $188 million in backlog, including additional services.
News
June 24, 2024
In March 2024, Equinor and DNO delineated the Heisenberg discovery, estimating recoverable volumes of 24 to 56 MMboe. They plan to drill a new well in the second quarter of 2024 to explore the Angel prospect and further delineate Heisenberg.
News
June 23, 2024
ExxonMobil has started appraisal drilling at its Lau-Lau 2 well site in the prolific Stabroek Block offshore Guyana, where it had previously discovered over 300 ft of oil at the Lau-Lau 1 well. The Maritime Administration Department announced that this appraisal, conducted by the drillship MODU Noble Sam Croft, will run from June 16 to July 31, 2024.
News
June 11, 2024
Deltic considers it “unlikely” that Selene will require further appraisal prior to field development planning commencing and could be brought into production “relatively quickly” following discovery given the proximity of existing infrastructure.
News
June 11, 2024
‘Logging While Drilling’ (LWD) and wireline logging data have indicated that several oil-and-gas-bearing sandstones have been encountered within the targeted Middle Miocene turbidite sequences.
News
June 10, 2024
Three development wells are planned to be drilled, completed and put on production over the next months. Production is then planned to be evacuated via a 24-inch subsea multiphase line to the existing Vega Pléyade platform 35 km from Fénix, and from there to the Rio Cullen facilities at shore.
