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Global and Regional Markets

US Dept. of Interior announces results of Gulf of Mexico region-wide oil and gas lease

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US Deputy Secretary of the Interior David Bernhardt announced on 15 August that region-wide Gulf of Mexico Lease Sale 251 generated $178,069,406 in high bids for 144 tracts covering 801,288 acres in federal waters of the Gulf of Mexico. A total of 29 companies participated in the lease sale, submitting $202,667,923 in bids. “Today’s lease sale is yet another step our nation has taken to achieve economic security and energy dominance,” Mr Bernhardt said. “The results from the lease sale will help secure well-paying offshore jobs for rig and platform workers, support staff onshore, and related industry jobs, while generating much-needed revenue to fund everything from conservation to infrastructure.” Lease Sale 251, livestreamed from New Orleans, was the third offshore sale held ...

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Rowan announces contract with Cantium for Rowan EXL III

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Rowan Companies announced that the Rowan EXL III, an EXL class high specification jackup rig, has been awarded a six-month contract from Cantium in the US Gulf of Mexico. The contract is expected to commence in early November 2018. The EXL III is currently under contract with Cantium in the US Gulf of Mexico through mid-to-late August 2018. Rowan is a global provider of contract drilling services with a fleet of 27 mobile offshore drilling units, composed of 23 self-elevating jackup rigs and four ultra-deepwater drillships. The company’s fleet operates worldwide, including in the United States Gulf of Mexico, the United Kingdom and Norwegian sectors of the North Sea, the Middle East and Trinidad. Additionally, the company is a 50/50 ...

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RDS allies with Kavin for upstream and midstream projects

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RDS, a subsidiary of KCA Deutag, and Kavin Engineering and Services announced on 6 August that they have entered into a strategic alliance. The partnership will see the two companies jointly pursue design and engineering projects across the upstream and midstream market. RDS, a drilling facilities design and engineering specialist, has delivered projects for more than 40 years. Kavin has created process topside solutions for about 80 floating storage production and offloading vessels more than 16 years. Together, RDS and Kavin will be able to scale up their service offerings to reach the global market place — while providing clients with a focus on innovative, cost-effective outcomes. “We feel proud to have achieved this important milestone,” S. Ramachandran, CEO of ...

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US Forest Service eyes drilling approval for Ruby Mountains

The US Forest Service is considering a proposal to allow oil and gas exploration in Nevada’s Ruby Mountains. The proposal would open more than 50,000 acres to drilling, with caveats that operators could not disturb the surface of the mountain range. The Forest Service’s proposal is detailed in a draft environmental assessment, which was obtained by the Center for Biological Diversity, an environmental group opposed to drilling. If the plan is adopted, drilling companies will be able to place rigs on adjacent BLM property and utilize directional drilling techniques to access any reserves under the mountains. The 75-mile long stretch of land being considered runs down the mountain range’s western slope, right through the middle of the Pine Valley play ...

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