Esgian has released its Week 6 Rig Analytics Market Roundup saying that several new contracts have been confirmed across three major types of offshore drilling rigs and an interesting new joint venture between an operator and a rig owner has been announced鈥
Esgian has released its Week 7 Rig Analytics Market Roundup saying 鈥淭he 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鈥
Retrofit specialist GLO Marine and expert in propulsion systems VMS Group have teamed up to expand their collaboration into comprehensive retrofits and vessel modifications, with a primary focus on decarbonization initiatives.In a strategic move towards advancing sustainable maritime practices鈥
Portuguese oil and gas company Galp has reported preliminary signs of hydrocarbon presence in an exploration well being drilled offshore Namibia.Galp (operator, 80%) and its partners NAMCOR and Custos (10% each) initiated the drilling campaign in PEL 83鈥
Portuguese oil and gas Galp has set out plans to drill another well using Odfjell Drilling-managed semi-submersible rig Hercules, after discovering significant column of light oil at Mpane-1x well in Namibia鈥檚 PEL 83 block.Galp (80%, operator)鈥
Esgian's latest market roundup for the fourth week of 2024 brings several updates on new oil discoveries and plans for exploration drilling across the world, together with reports about new contracts and mobilization of rigs. ContractsDragon鈥
No new drilling contracts were announced, but a Borr Drilling jackup has left Singapore, while a Shelf Drilling unit is preparing to embark on its journey to the same destination, according to Esgian鈥檚 Rig Analytics Market Roundup (Week 3).Drilling鈥
TotalEnergies has signed an agreement with Impact Oil and Gas Namibia to acquire an additional participating interest in two blocks being developed offshore Namibia, one of which contains the Venus discovery.TotalEnergies will acquire additional 10鈥
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鈥
As is tradition, the first week of January is generally quiet in the offshore market. However, Esgian reports that there were still some noteworthy updates related to new contracts, drilling activities, and rig moves.ContractsAfter a bidding鈥
TotalEnergies has exercised the first option under the contract for DeepSea Mira semi-submersible drilling rig, extending its contract for 180 additional days for work in West Africa.The owner of the offshore drilling rig Northern Ocean said鈥
Industry continues chasing big oil, key gas targets also on the radarGlobal exploration drilling is set for a boost in 2024 鈥 we have line of sight on over 200 wells targeting over 30 bnboe of resource (unrisked). Several gas hotspots are on the industry agenda鈥
The Portuguese oil and gas firm Galp has awarded the Dutch company Fugro a contract to conduct an environmental and geophysical survey offshore Namibia. 'Known for its remote location, challenging conditions and ultra-deep water, this site is key to future energy operations in the region鈥
This week Esgian鈥檚 Week 50 Rig Analytics Market Roundup notes developments in the semisub sector including that Shell has decided to exercise its option on Stena Don in the North Sea but not on Deepsea Bollsta in Namibia. Meanwhile, a new contract鈥
Shell plans to drill two more wells in Namibia over the next 6 to 9 months, with the energy giant citing 'encouraging data' for the possible development of a new oil basin in the southern African country, CEO Wael Sawan said on Thursday.Shell plans to drill one exploration well鈥
