Baker Hughes’ international rig count report shows that the number of offshore rigs took a downturn in February 2023, slipping by 4 units, compared to last month.
Valaris has revealed a robust performance during 4Q 2022 while kicking off 2023 with new contracts and extensions for its rig fleet.
UAE-headquartered offshore drilling contractor Shelf Drilling has secured a contract extension for one of its jack-up rigs for operations offshore Egypt.
The international offshore rig count recorded an increase of ten units in January 2023 compared to December last year, according to the latest rig count report from Baker Hughes. The international rig count is up 60 rigs from last year’s count of 841, with offshore rigs up 31 and onshore rigs up 29.
Sweden’s Echandia has received an initial order for battery systems to curb emissions and boost energy efficiency on a jack-up drilling rig.
Energy consultancy Xodus has outlined a roadmap for a 60 per cent reduction in total CO2 emissions for a Middle East operator’s fleet of drilling rigs, following a greenhouse gas (GHG) emissions baseline and energy efficiency review. Xodus reported it had identified more than 25 energy and emissions
TotalEnergies andEni have completed the transfer of a partial interest to QatarEnergy for two offshore blocks located in Lebanese waters.
Westwood forecasts global marketed offshore rig utilisation to average 95 per cent this year with day rates getting a further boost.
Offshore drilling contractor Stena Drilling has secured a new drilling contract with Shell’s subsidiaries for operations offshore Egypt.
U.S.-headquartered energy giant Chevron has made a new gas discovery in the Eastern Mediterranean Sea, offshore Egypt.
An in-depth review of Valaris’ rigs, including details about new contracts and extensions along with other recent activities related to its fleet.
High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil prices not having fed through into more explor
Masirah Oil, a subsidiary of Singapore’s Rex International, has completed its drilling campaign off Oman with Shelf Drilling’s jack-up rig.
UAE-headquartered Shelf Drilling has won a contract extension for one of its jack-up rigs for operations off Egypt.
