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)…
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…
Esgian reports various drilling contractors disclosing details of discussions with Saudi Aramco regarding jackup contract suspensions in its Week 14 Rig Analytics Market Roundup. These contractors include Shelf Drilling, ADES, Borr Drilling…
A promising area off Colombia's coast where Brazil state-run Petrobras is drilling this year could justify a large project to supply natural gas to the Andean country and for exports, Petrobras' head of exploration and production said on Wednesday…
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…
Brazil, Guyana and Suriname have agreed to deepen discussions on cooperation in the oil and gas sector, according to a joint statement released by the countries on Thursday after a meeting between their presidents.Guyana President Irfaan Ali…
An ExxonMobil-led consortium is considering its first offshore natural gas production in Guyana, close to the country's maritime border with Suriname, an executive at the U.S. oil and gas group said on Wednesday.Exxon, Hess Corp, and CNOO are…
Malaysian oil company Petronas has signed production sharing contracts for Suriname’s offshore Blocks 64 and 64 with the country’s state-owned Staatsolie Maatschappij Suriname.Petronas Suriname E&P won the blocks, located in the Guyana-Suriname Basin…
This week, Esgian reports in its Week 8 Rig Analytics Market Roundup that offshore drilling contractors have expressed their confidence in the strength and longevity of the current upcycle.Report outline:ContractsValaris has confirmed that the contract for the 8…
Offshore drilling contractor Noble Corporation and Malaysian oil company Petronas, through its subsidiary Petronas Suriname E&P, have agreed to rig swap for extended scope offshore Suriname.Based on an existing contract option, Noble and Petronas…
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…
As is tradition, the first week of January is generally quiet in the offshore market. However, Esgian reports that there were still some noteworthy updates related to new contracts, drilling activities, and rig moves.ContractsAfter a bidding…
The winners of an auction for oil exploration blocks off Guyana's coast were given until the end of the month to submit additional information requested by the government before awarding the contracts, the country's vice president said on Thursday…
QatarEnergy signed two production sharing contracts on Friday relating to two marine areas off the coast of Suriname, rights to which it won during an auction held last June, the company said in a statement.'QatarEnergy will own a 30% working interest in block 64…
A unit of Suriname state-owned energy company Staatsolie on Tuesday launched a competitive bidding round for 11 offshore areas in the country, with bids to be submitted through May.The blocks, in the nearshore and shallow offshore areas, are…
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