Valaris Recently Announced Several Contract Awards. A three-well, 240 day contract with Eni Mexico offshore Mexico for the VALARIS DPS-5 semisubmersible. The contract is expected to commence in…
On this page we will share the latest oil and gas news. Stay tuned for more news.
Proposed Cap on Russian Oil Exports.
On Friday the BBC reported that the EU, supported by the USA, had suggested there should be a cap on the price paid for Russian oil exports on…
Most Active Drilling Companies and China’s Influence.
The top companies actively running offshore drilling rigs are Schlumberger, Halliburton, Baker Hughes, Transocean, Ensco Plc, Diamond Offshore Drilling, Rowan Companies, Noble Corporation, Seadrill, Weatherford International, Stena Drilling,…
Saipem Gains New Offshore Drilling Contracts.
Saipem has been awarded new offshore drilling contracts, three in the Middle East and two in West Africa for a total amount of approximately 800 million USD. In…
Shell Announces Reevaluation of Investment Levels.
Shell announced on Monday it will reevaluate plans to invest up to 25 billion pounds in Britain in the next decade following the government’s decision to increase a…
Brent Crude Prices Fluctuate in November.
Prices for Brent crude continued to fluctuate in November as rising Covid infection rates in China and the resultant depression in demand create unrest in the market sentiment.…
ADNOC L&S Acquires Zakher Marine International. Adds 24 Jack-ups, 38 OSVs to Fleet.
ADNOC Logistics & Services, the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC) has completed the acquisition of Zakher Marine International (ZMI), adding 24…
USA Rig Count Rises.
Rig demand rises with higher oil prices as North Sea activity picks up
With oil consistently above the $100/barrel threshold, demand for rigs is set to continue its ramp up, with the North and Barents Seas marked as hotspots, according to data from rig analysts Esgian
Energy security is like oxygen to the economy
That’s what BofA Global Research argued in a new report sent to Rigzone, adding that companies and consumers tend not to notice it until they begin to lose…