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The Nigerian National Petroleum Corporation (NNPC) and the Nigeria Police have pledged to work together in a renewed drive to combat the perennial menace of oil theft and pipeline vandalism across the country. Group General Manager, Group Public Affairs Division of the NNPC, Mr. Ndu Ughamadu, stated in a release Tuesday in Abuja that the …
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The worldwide offshore rig count in January 2019 increased by five units sequentially and 50 rigs year-over-year, according to a Thursday report by Baker Hughes, a GE company. BHGE splits its rig count reports on international and North America rig counts, which together make up the worldwide rig count. Looking only at the offshore part, …
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A jack-up drilling rig. Source: Wikimedia; Author: Nandu Chitnis – under the CC BY-SA 2.0 license Offshore drilling contractor Shelf Drilling has received a contract award for one of its jack-up rigs with Belayim Petroleum Company (Petrobel) for operations in the Gulf of Suez, offshore Egypt. Shelf Drilling said on Monday that the Trident 16 jack-up drilling rig …
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Illustration only An FPSO offshore Nigeria. Source Wikimedia under Public Domain license Nigerian oil company Addax Petroleum has extended the contract for Yinson’s Adoon FPSO for another three months, pending discussion for a potential longer-term deal. Malaysia’s Yinson on Friday said:” In view that negotiations are still ongoing as to a substantive extension of the …
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Borr Drilling, one of the youngest drilling companies in the offshore industry, on Tuesday said it had secured six drilling contracts in the past few months. In its quarterly results presentation, the company was bullish on the future contracting activity, especially for the premium jack-up units, expecting more work and increased dayrates. Read all about that …
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Shelf Drilling, one of the world’s largest jack-up rig owners, has secured a contract extension for its Trident XIV jack-up rig. Illustration only. Image source: PixabayThe one-year extension is in direct continuation of the jack-up rig’s current contract and is for workover operations in Nigeria. The contract should keep the rig busy until February 2020. …
Continue reading "Nigeria: ExxonMobil extends jack-up rig deal with Shelf Drilling"
by Andreas Exarheas Rigzone Staff The global floating production market has stirred back to life, according to Rystad Energy. The global floating production market has stirred back to life after enduring a couple of years in virtual hibernation during the downturn. That’s according to Rystad Energy, an independent energy research and business intelligence company, …
Ocean Rig Poseidon / Image source: Pancontinental Oil & Gas Offshore driller Ocean Rig has informed that its drillship Ocean Rig Poseidon has been hired by Eni, and has started drilling in Angola. The drillship recently arrived in Angola following a drilling campaign in Namibia where it had drilled for Chariot and Tullow, where both wells came up …
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Jack-up rig specialist Shelf Drilling expects rig utilization to further increase in 2019, but the CEO has acknowledged the dayrates have yet to pick up. Illustration only; A KFELS-B type rig / Image by KeppelShelf Drilling on Wednesday posted a net loss for the third quarter of $10 million, which is more or less flat …
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Australia-based FAR Limited has failed to reach main targets at the first well to be drilled offshore The Gambia in 40 years, thus deeming the well unsuccessful. Stena Drillmax; Source: Wikimedia; Author: CARLOS TEIXIDOR CADENAS – under the CC BY-SA 4.0 license. FAR started drilling the Samo-1 exploration well in block A2 offshore The Gambia in October, using the Stena Drillmax …
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