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Business & Finance, Business developments & projects
U.S.-based Fieldwood Energy has filed for Chapter 11 bankruptcy as part of its efforts to restructure the company.
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Business & Finance, Exploration & Production
Rowan has transferred a contract from the Rowan Reliance to Rowan Resolute drillship, which means the former will not be returning from the warm-stack mode.
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Fieldwood Energy has closed its acquisition of all of Noble Energy’s deepwater oil and gas assets located in the Gulf of Mexico.
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A judge at the U.S. Bankruptcy Court in Houston has approved Fieldwood Energy’s prepackaged reorganization plan.
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Houston-based Fieldwood Energy has filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code as part of a “prepackaged” chapter 11 case.
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Noble Energy has executed an agreement to sell its deepwater Gulf of Mexico assets to Fieldwood Energy for a total value of $710 million.
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Rowan Companies, a U.S.-based offshore drilling contractor has received a contract for its Gorilla IV jack-up rig. The one-well contract with Fieldwood Energy in the Gulf of Mexico started in mid-June 2014 at $125,000 per day, below the previous day rate of $180,000. The rig was idle for 19 days during the second quarter of 2014 prior […]
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Fieldwood Energy LLC announced the closing of its acquisition of SandRidge Energy, Inc.’s Gulf of Mexico and Gulf Coast business unit for a net cash payment of approximately $705 million, which reflects adjustments to the purchase price for cash flow since the effective date and net working capital. Production from the acquired assets currently exceeds […]
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Fieldwood Energy LLC (“Fieldwood”) announced today the acquisition of entities comprising SandRidge Energy, Inc.’s (“SandRidge”) Gulf of Mexico and Gulf Coast business unit for $750 million, based on an effective date of December 1, 2013 and subject to customary purchase price adjustments. As part of the transaction, SandRidge will retain a 2.0% overriding royalty interest […]
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Authorities & Government, Business & Finance, Business developments & projects, Environment, Exploration & Production, Regulation & policy, Rules & Regulation, Safety
Two Fieldwood Energy workers have been indicted for allegedly allowing crude oil spills from Gulf of Mexico platforms to avoid shutdowns.
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The session organized by Holland House of Mexico dives into the current state of the oil and gas industry in Mexico and opportunities for the supply chain. The event is kicked off with some introductory words from José Antonio Zabalgoitia, Mexican Ambassador to The Netherlands, and Wilfred Mohr, Dutch Ambassador to Mexico. Guido van der […]
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Business & Finance, Business developments & projects, Exploration & Production
Valaris has seen a number of its drilling contracts terminated and day rates slashed as oil and gas operators are looking to reduce costs.
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Offshore drilling contractor Valaris has received contract terminations for two rigs operating offshore Angola, one from Total and the other one from Chevron.
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Business & Finance, Business developments & projects, Exploration & Production, Infrastructure
Valaris has received contract terminations for two rigs operating offshore Angola, one from Total and the other one from Chevron, but has also secured revenue backlog of $100 million.
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We connect the maritime and offshore world for sustainable solutions. Via valuable insights and foresights we provide an overview on what’s going on in our industries. Offshore Energy Virtual Event has an extensive two day programme which informs about projects, new products, companies, market opportunities and trends. Join round-table sessions, go 1-to-1 matchmaking, watch the […]
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Business & Finance, Exploration & Production
Valaris, previously known as EnscoRowan, has secured new contracts and contract extensions with associated revenue backlog of approximately $245 million.
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Oil majors’ recent project investments are not in line with Paris climate goals, Carbon Tracker think-tank said in a report on Thursday.
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The U.S. Gulf of Mexico drillship market is currently in quite an enviable position, according to market research provider Westwood Global Energy Group.
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Business & Finance, Exploration & Production
GulfSlope Energy has executed a drilling services contract with EnscoRowan to secure and utilize the Ensco 102 jack-up rig.
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Suddenly there’s a lot going on in the Mexican offshore rig market. So much that it’s confusing. Here’s your guide to what’s happening.
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Offshore driller EnscoRowan has nabbed eight rig contracts and contract extensions with the likes of Total, Kosmos, NAM, Neptune Energy and others.
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The U.S. last month held an offshore lease sale, attracting $244 million in high bids for 227 tracts in the Gulf of Mexico, which saw oil giant Shell snapping up the biggest number of blocks, Norway’s Equinor submitting the highest bid for a single block, and the ExxonMobil’s absence from the sale.
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The most popular news at Offshore Energy Today during the first quarter of 2018.
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Next year is shaping up to be a good one in the U.S. Gulf of Mexico, Wood Mackenzie said on Wednesday.
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Business & Finance, Exploration & Production
ExxonMobil has exercised the first two options for the Rowan Companies-owned drillship Rowan Relentless.
