In recent drilling news Shelf Drilling announced that it has secured a contract for the Shelf Drilling Barsk jackup rig with Equinor for operations at the Sleipner Vest…
New Drilling Contracts for Valaris
Drilling News 2023 02 21: Valaris Limited, the Bermudian-based offshore drilling company, has been awarded new contracts and contract extensions with expected associated contract backlog to the company…
Drilling Contracts for Floaters and Jack-ups Look Good for 2023.
Drilling News 2023 02 24: Offshore drilling contractors have had a great start to 2023, as they have reportedly kicked off the new year with 26 rig contracts…
Drilling Rigs Seek Alternatives to UK Contracts.
Drilling News: Drilling rigs and other equipment are “migrating” away from the North Sea and other European fields for opportunities elsewhere in the world. That’s according to the…
US Says Fossil Fuels Will Be Needed.
Energy Secretary Jennifer Granholm extended an olive branch to the oil and gas industry, telling executives at a meeting in Washington that she recognizes fossil fuels will be…
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…
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
Big Oil Pumping Cash as If $100 Oil is Here
BP Plc, Shell Plc, TotalEnergies SE, Exxon Mobil Corp. and Chevron Corp. just generated the highest free cash flow since the start of 2008. The world’s oil supermajors…
Halliburton Readies for Years of Expansion
(Bloomberg) — For the first time in seven years, Halliburton Co., the biggest provider of fracking services, is expanding in both U.S. and foreign markets as spending…
Oil and gas drilling activity is bouncing back quickly following last year’s market crisis
Onshore drilling activity is expected to increase by 12% from the 46,000 wells drilled in 2020 to about 51,700 wells in 2021, before climbing by another 19% in 2022 to reach around 61,700 wells.…