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RigNet Announces Fourth Quarter and Full Year 2018 Earnings Results

4 days ago DieselGasoil Comments Off on RigNet Announces Fourth Quarter and Full Year 2018 Earnings Results
Quarterly revenue of $60.2 million; net loss of $49.7 million or $2.62 per share Full year 2018 revenue of $238.9 million; net loss of $62.5 million or $3.34 per share Quarterly and full year results include a $50.6 million non-cash charge, net of previous accruals, for the Phase I interim GX ruling (the GX Charge), Read More

Eni reports major oil discovery offshore Angola

5 days ago DieselGasoil Comments Off on Eni reports major oil discovery offshore Angola
3/13/2019 MILAN — Eni announces a major oil discovery in Block 15/06, in the Agogo exploration prospect, in Angola’s deep water. The new discovery is estimated to contain between 450 and 650 MMbbl of light oil in place with further upside. The Agogo-1 NFW well, which has led to the discovery, is located approximately 180 Read More

ADES, Vantage team up for deepwater drilling contract in Egypt

2 weeks ago DieselGasoil Comments Off on ADES, Vantage team up for deepwater drilling contract in Egypt
3/8/2019 LONDON and DUBAI — ADES International Holding PLC, a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), is pleased to announce that it has entered, through its subsidiary ADES S.A.E., into a short-term exploration contract with Dana Gas for deepwater drilling services in the Egyptian Read More

Energean commences drilling campaign in Israel

2 weeks ago DieselGasoil Comments Off on Energean commences drilling campaign in Israel
3/4/2019 Stena DrillMAX. Photo: Stena Drilling. LONDON — Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, has announced that it has commenced its 2019 drilling program in Israel, which will consist of three development wells and Karish North. Following this four-well campaign, Energean has a further six drilling options Read More

Aker Energy announces successful drilling results offshore Ghana

2 weeks ago DieselGasoil Comments Off on Aker Energy announces successful drilling results offshore Ghana
3/4/2019 FORNEBU, Norway — Aker Energy, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) Block, announces that it encountered oil in the Pecan South-1A well, offshore Ghana. A sidetrack will now be drilled to further appraise the volume potential. The Pecan South-1A well was drilled south of the main Pecan field in Read More

Saipem and former managers face trial in profit warning case

3 weeks ago DieselGasoil Comments Off on Saipem and former managers face trial in profit warning case
FILE PHOTO: A Saipem logo in seen on the bridge of the Saipem 10000 deepwater drillship in Genoa’s harbour, Italy, November 19, 2015. Picture taken November 19, 2015. REUTERS/Alessandro Garofalo MILAN (Reuters) – An Italian judge has ordered oil contractor Saipem and former executives to stand trial on charges of market manipulation and false accounting, Read More

Diamond Offshore sees drillship rents almost doubling next year

3 weeks ago DieselGasoil Comments Off on Diamond Offshore sees drillship rents almost doubling next year
By David Wethe and Alix Steel on 2/27/2019 Ocean Blackhawk. Photo: Marine Traffic A. Zamogylni. HOUSTON (Bloomberg) — Diamond Offshore Drilling Inc. said it’s nearly doubling rental rates for deepwater drillships as oil explorers return to sea. The increase involves long-term rig leases beginning in 2020 and beyond, CEO Marc Edwards said Wednesday in an interview Read More

Rowan executes contract with Petronas Mexico for Rowan Renaissance

1 month ago DieselGasoil Comments Off on Rowan executes contract with Petronas Mexico for Rowan Renaissance
2/13/2019 Rowan Renaissance ultra-deepwater drillship. Photo: Vessel Finder. HOUSTON — Rowan Companies plc has announced that the Rowan Renaissance, an R-Class ultra-deepwater drillship, has been awarded a one-well contract in Mexico by PC Carigali Mexico Operations, S.A. de C.V. for an estimated duration of 80 days that is expected to commence in the second quarter Read More