Esgian reports an eventful week with contract confirmations, terminations and suspensions in its Week 18 Rig Analytics Market Roundup.Report SummaryContractsBurullus Gas Company, the self-operated joint venture between Shell Egypt, the Egyptian Natural Gas Holding Company (EGAS)…
Offshore energy is on a growth trajectory. Rystad Energy wrote in February 2024 that upstream oil majors were diving in to deeper waters. “Despite tightened budgets, frontier drilling is fueling optimism for a productive year, particularly deepwater projects in the Atlantic Margin…
Esgian reports that new drilling contracts have been announced in the North Sea and West Africa in its Week 17 Rig Analytics Market Roundup.Report SummaryContractsShelf Drilling (North Sea) has secured a letter of award with an unnamed operator…
Global maritime company BW Group has unveiled plans to separate BW Energy as an oil and gas exploration business from its maritime businesses, as part of corporate restructuring process.BW Group currently owns 191,903,110 shares in BW Energy…
Portuguese oil company Galp has successfully completed the first phase of the Mopane exploration campaign in the PEL 83 block offshore Namibia, and started a process of evaluating commerciality of oil discoveries made in the past months.Galp (80%…
Offshore drilling firm Noble Corporation has informed about two new drilling campaigns secured for its Noble Venturer drillship in Africa, which is currently employed on drilling assignment with Tullow Oil offshore Ghana.Following the early…
The price to rent an offshore rig hit a nine-year high last year with jackups, semisubmersibles and drillships costing on average $118,000, $368,000 and $419,000, respectively (as of 31 December 2023). These figures represent an overall 54% increase in dayrates when compared with 2021…
Portuguese oil and gas company Galp has encountered a significant column with light oil at an exploration well being drilled offshore Namibia with Odfjell Drilling’s Hercules semi-submersible rig, marking a second such discovery in PEL 83 block in recent months…
Esgian reports that drilling contracts have been announced this week for operations in Brazil and the Philippines, and new discoveries have been confirmed in the UK and Namibia in its Week 11 Rig Analytics Market Roundup.ContractsCOSL Drilling…
TotalEnergies has signed, together with its partner QatarEnergy, an agreement to acquire participating interests in Block 3B/4B, offshore South Africa, from Africa Oil South Africa, Azinam - a wholly owned subsidiary of Eco Atlantic Oil and Gas - and Ricocure…
Esgian reports that offshore drilling contractors secured additional backlog in the U.S. Gulf of Mexico, Egypt, Nigeria, and Brazil and operators confirmed new discoveries in Indonesia, Côte d’Ivoire, and China in its Week 10 Rig Analytics Market Roundup…
French energy major TotalEnergies and offshore drillship operator Vantage Drilling have signed a binding agreement to create a new joint venture (JV) that will acquire from Vantage the Tungsten Explorer drillship.Pursuant to the terms of the agreement…
Esgian has released its Week 6 Rig Analytics Market Roundup saying that several new contracts have been confirmed across three major types of offshore drilling rigs and an interesting new joint venture between an operator and a rig owner has been announced…
Esgian has released its Week 7 Rig Analytics Market Roundup saying “The earnings season for offshore drilling contractors is officially open following Odfjell Drilling's quarterly report on Thursday. Additionally, new contract awards have been confirmed for Borr Drilling…
Retrofit specialist GLO Marine and expert in propulsion systems VMS Group have teamed up to expand their collaboration into comprehensive retrofits and vessel modifications, with a primary focus on decarbonization initiatives.In a strategic move towards advancing sustainable maritime practices…
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