Italian oilfield contractor Saipem has been awarded new offshore drilling contracts in Romania and Abu Dhabi worth over $160 million.
Offshore drilling contractor Noble Corporation has been awarded contract extensions for two jack-up rigs in the UK and Saudi Arabia.
Jack-up rig firm Shelf Drilling has won a contract extension for one of its rigs operating offshore the UAE.
Shelf Drilling has executed a two-year extension for each of the Shelf Drilling Tenacious and the Shelf Drilling Mentor jack-up rigs.
The worldwide offshore rig count in June 2019 rose by 9 units sequentially and rpse by 56 units year-over-year, according to monthly rig count reports by Baker Hughes, a GE company.
With nearly 60 offshore rigs, China is doing everything it can to boost oil and gas production. And the country’s energy independence policy is keeping rig supply out of the global market.
Bloomberg has reported that the value of the deal is around $597 million.
The worldwide offshore rig count in May 2019 dropped by 11 units sequentially but was up 43 rigs year-over-year, according to monthly rig count reports by Baker Hughes.
Gulf Marine Services has secured more work and says it sees an uptick in demand for its vessels
Recent long-term offshore drilling contract awards might not fit with investors’ expectations, but it’s the expectations that are the problem, not the reality.
Italian contractor Saipem has been awarded new contracts in offshore drilling in Norway and the Middle East totaling over $100 million.
Oslo-listed offshore driller Shelf Drilling has secured a contract for its newbuild drilling rig Shelf Drilling Achiever.
Oil and gas exploration is back and deepwater sweet spots are attracting the most attention, energy intelligence group Wood Mackenzie’s industry survey has shown.
Drilling contractor Northern Offshore has signed Letters of Award for two long-term contracts for its newbuild jack-up drilling units with Qatar Petroleum.
