Offshore Shallow Water News - page 4


Shelf Drilling Nets 3-Year Jack-up Rig Deal with Saudi Aramco

Jun 14, 2022

Shallow water offshore drilling contractor Shelf Drilling has secured a contract extension for its Shelf Drilling Achiever jack-up drilling rig in Saudi Arabia.The rig, of the GustoMSC CJ46-X100-D 350 design, had a contract with Saudi Aramco running until December 2022…

VAALCO Energy Makes Offshore Discovery in Gabon

Jun 06, 2022

VAALCO Energy on Monday announced the successful drilling of the South Tchibala 1HB-ST well, offshore Gabon. The well was drilled from the Avouma platform in the Etame field, offshore Gabon.  The company said it had discovered significant columns of multiple hydrocarbon-bearing sands in the Dentale…

Philippine Tycoon Razon to Buy Majority of South China Sea Gas Field

Jun 02, 2022

Philippines ports and gaming tycoon Enrique Razon is acquiring a majority stake in a South China Sea gas field from a close ally of outgoing President Rodrigo Duterte, a move seen benefitting his oil exploration franchise on the Reed Bank.Razon's…

Vantage Drilling Wraps Sale of Three Jack-Up Rigs to ADES

Jun 01, 2022

Vantage Drilling has completed the sale of three jack-up drilling rigs to ADES, through the sale if its subsidiary Emerald Driller Company (“EDC”).ADES acquired EDC for $170,000,000 in cash, together with an additional $34 million in cash in…

Oil Plus Wins Produced Water Projects Off Qatar

May 27, 2022

UK-based oilfield solutions company Oil Plus has said it has secured two produced water-related projects in Qatar worth $450,000 in total. Oil Plus will deliver a Pre-FEED oil and water analysis for Qatar Energy, and a water injection study…

Offshore Drilling Rig Rates Lifted by Pandemic Recovery, Race to Replace Russian Crude

May 27, 2022

Rental rates for offshore oil and gas rigs have rocketed higher, boosted by a race to lift production because of the war in Ukraine and a recovery in demand after the COVID-19 pandemic.Drilling companies are in a stronger position to demand…

ONGC Awards Three-year Contract for Shelf Drilling Jack-up Rig

May 20, 2022

Shallow water drilling rig contractor Shelf Drilling has secured a contract for one of its jack-up drilling rigs with the Indian national oil and gas company ONGC.The three-year contract is for the 1975-built F.G. McClintock jack-up rig. ONGC…

Borr Drilling Finds More Work for Saga Jack-up Drilling Rig

May 18, 2022

Oslo-listed offshore drilling firm Borr Drilling has won a binding Letter of Award for its jack-up drilling rig 'Saga' from an undisclosed operator in Southeast Asia.The drilling program is expected to start in Q4 2022, in direct continuation of the current contract…

Westwood: Offshore Drilling Rig Utilization Much Higher Than Typically Reported

May 17, 2022

By Teresa Wilkie, Research Director of RigLogix at Westwood Global EnergyUtilization is one of the key barometers of the health of the offshore rig market, as it identifies what percentage of the usable fleet is available versus what is not…

First Jack-up Rig Built for IMI Loaded Out

May 17, 2022

International Maritime Industries (IMI), which describes itself as the largest shipyard in the MENA region, and offshore construction firm Lamprell on Tuesday announced the successful completion of the load-out and float-off of the first jackup drilling unit being constructed for IMI…

ConocoPhillips Files Development Plan for Offshore Oil Field in Norway

May 09, 2022

ConocoPhillips submitted on Monday a plan to develop an oil discovery in the Norwegian North Sea for 10.5 billion Norwegian crowns ($1.10 billion), the U.S. petroleum company said.Known as Eldfisk North, the development is part of the wider Ekofisk area…

Pavo-1 Discovery is 'Stellar' Exploration Success, Carnarvon Says. Shares Resource Estimate

May 02, 2022

Australian oil and gas company Carnarvon Energy said the recent Pavo-1 oil discovery it made with operator Santos offshore W. Australia was a 'stellar exploration success.'The company has completed its Pavo resource assessment and said that…

Aker BP Books Maersk Drilling Jack-Up for Ivar Aasen Field Drilling

May 02, 2022

Danish offshore drilling firm Maersk Drilling has won a contract with the Norwegian oil company Aker BP for the jack-up rig Maersk Invincible.Under the contract, the ultra-harsh environment drilling unit will drill three infill wells at the Ivar Aasen field offshore Norway…

One-Dyas Adds One More Well to Maersk Drilling Jack-up Rig's Scope in Dutch North Sea

Apr 29, 2022

Oil and gas company ONE-Dyas has exercised an option to continue using the Maersk Resolute, a harsh environment jack-up drilling rig, in the Dutch sector of the North Sea. The one-well contract extension for the Maersk Drilling-owned rig is set to begin in May 2022 and will last for 75 days…

Middle East: Seadrill Wins Jack-up Rig Contracts Worth $404M

Apr 28, 2022

Offshore drilling company Seadrill said Thursday it had secured three contracts with  'a leading operator' in the Middle East for three of its drilling rigs.The contracts, with an unnamed client, are for the West Ariel, West Cressida, and West Leda jack-up drilling units…

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