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Rowan announces contract with Cantium for Rowan EXL III

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

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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Weatherford selling MENA rigs to ADES

Weatherford International is unloading a large part of its Eastern Hemisphere rig fleet. The company recently announced the sale of its land drilling operations in Algeria, Iraq, Kuwait and Saudi Arabia to ADES International Holding. In exchange for about $287 million, ADES will acquire 20 active rigs — as well as 11 idle rigs — and approximately 2,300 employees and contractors. The specifics on the sale price are subject to standard post-closing working capital adjustments. Although the sale is still subject to regulatory approval, both Weatherford and ADES expect the asset handover to be completed by the end of the year. The purchase increases ADES’ total fleet to 34 rigs and sextuples its operational fleet. ADES plans to use the idle ...

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