Borr Drilling believes that the growth in the shallow-water drilling is set to continue in 2020. The average length of a jack-up contract has increased, supported by strong tendering activity, where Borr sees a demand for more than 40 modern jack-up rigs in various tenders across the world.
Odfjell Drilling posted a decrease in quarterly profit despite increase in revenues driven by mobile offshore drilling units segment.
Eni has drilled the Agogo-3, the second appraisal well of Agogo discovery in Block 15/06, offshore Angola, increasing by about 40% the estimate of oil in place, which is now of 1 billion barrels with further upside to be tested in the Northern sector of the field.
Seadrill has seen an improvement in the offshore drilling market throughout 2019. Although the pace of the recovery has slowed down at the beginning of 2020, Seadrill expects continued market recovery over the remainder of the year.
Offshore drilling contractor ARO Drilling has deployed IFS Applications solution to unify mission-critical business processes across its headquarters and fleet of 16 offshore drilling rigs.
Dolphin Drilling has secured a one well plus one optional well contract with Wellesley Petroleum for drilling work on the Norwegian Continental Shelf.
Wintershall Dea is in the process of concluding the drilling of an appraisal well on the 6604/5-1 (Balderbrå) gas discovery in the northern Norwegian Sea. The well is dry.
Zenith Energy is in advanced negotiations to contract a drilling rig ahead of its planned drilling operations on the Tilapia oilfield located in the Republic of the Congo.
Awilco Drilling has signed a letter of intent with Serica Energy for the provision of WilPhoenix rig for a one-well workover on the Rhum field offshore the UK.
Norway’s Petroleum Safety Authority has given its consent to Wintershall Dea for an exploration drilling in the Norwegian Sea, using the Scarabeo 8 rig.
Norway’s Petroleum Safety Authority has given its consent to Capricorn for exploration drilling in the North Sea, using the Island Innovator drilling rig.
The number of offshore rigs in the U.S. dropped by one unit over the last week, according to weekly rig count reports published last Friday by Baker Hughes Company.
A former consultant connected to Singapore’s offshore rig builder Sembcorp Marine has been convicted of corruption and money laundering in a case related to a drilling rig construction contract with Brazil’s drilling contractor Sete Brasil.
Shelf Drilling has closed a private placement of $80 million of senior secured notes with an intention to use the proceeds to finance activation and upgrade costs for a drilling rig recently acquired from Maersk Drilling.
