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…
Drilling News: Hess to Spend 80%+ Capital Expenditure in Guyana and Bakken.
Drilling news reported success in Guyana in 2018 which earned Hess the number two spot in the industry for value created from wildcat drilling, according to an annual…
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…
China Relaxes Zero Covid – Could Brent Break $90 Again
Brent oil may need a Fed pivot and a successful China reopening to turn the corner, but prices could bounce up quickly above $90 per barrel if these…
New Drilling Activity
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…
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,…