Six offshore drilling companies – Valaris, Borr Drilling, Shelf Drilling, ADES Holding, COSL, and Arabian Drilling – have received notices of suspension for the shared total of 18 drilling rigs, all believed to have come from Saudi state-owned oil giant Aramco…
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…
Esgian reports fresh finds confirmed in Guyana, China and Norway in its Week 12 Rig Analytics Market Roundup.Report Outline:ContractsDolphin Drilling has announced the award of a $154 million drilling contract from India's exploration and production company…
Deltic Energy has completed the farm-out of its 25% interest in the Shell-operated North Sea license containing the Selene Prospect to Dana Petroleum.Deltic Energy received the required regulatory and partner consents in respect of the farm-out of a 25% interest in License P2437 to Dana Petroleum…
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 company Valaris has started drilling the first of eight gas development wells at Woodside’s Scarborough project offshore Australia.The 2012-built rig, VALARIS DPS-1, has been employed for the assignment. It’s of F&G ExD Millenium…
Oil and gas company Perenco has started gas production from its C06 well, a near-field discovery within the Ravenspurn South area of the Southern North Sea.During the fourth quarter of 2023, the deviated well 42/30-C06 was drilled and completed with the Valaris-247 rig in 48-meter water depth…
Esgian reports rig-related updates from Dolphin Drilling, Diamond Offshore, and Seadrill in its Week 9 Rig Analytics Market Roundup.Report Outline:ContractsDespite Tullow Oil’s recent announcement that it would take a break from drilling offshore Ghana…
Heavy duty modern jack-up rig Valaris 118 has arrived at the shipyard in Chaguaramas in Trinidad for routine maintenance ahead of new campaign with BP.Valaris 118 rig will be engaged on a six-well contract extension with BP, expected to begin in March 2024…
It was a busy week in the offshore drilling sector as new work was secured by Noble and Valaris rigs, reports Esgian in its Week 2 Rig Analytics Market Roundup.ContractsLLOG has exercised a six-month option for Noble 12,000-ft drillship Noble Valiant in the US GOM…
Global jack-up marketed utilization has been on an upward trajectory since 2017, reaching its peak of 94% at the end of 2023. However, the outlook for the year ahead looks somewhat flat, though there is still time for new demand.The North Sea jack-up market has improved year-on-year since 2017…
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…
U.S. oilfield services giant Baker Hughes has secured a ‘significant contract’ from Petrobras for integrated well construction services in the Búzios field, offshore Brazil.The integrated services project is set to start in the first half of 2025 and will include drilling services…
Shell has confirmed that a rig contract has been signed with Valaris for the drilling of both the Selene exploration well and the Pensacola appraisal well in the North Sea, expected to start in summer 2024.The two wells will be drilled using the Valaris 123…
Offshore drilling company Valaris has secured a multi-year contract for drillship VALARIS DS-4 with Petrobras offshore Brazil following a competitive bidding process.The a 1,064-day contract is anticipated to start late in the fourth quarter 2024…
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