News
LATEST HAIGE NEWS
Oil Down on Signs of OPEC+ Discord
(Bloomberg) -- Oil dropped below $45 a barrel as a consensus within OPEC+ to postpone an output hike planned for January remained elusive ahead of a meeting of the cartel’s power brokers later on Monday. Futures in New York declined 1.8%. Most participants in an informal discussion [...]
Offshore Rig Values Take $30B Hit
Offshore rig values have declined almost 42 percent in 12 months, equating to a loss of around $30 billion. That’s according to Bassoe Offshore, which noted that the offshore rig market has had “a pretty bad year”. The company outlined that the pandemic and collapsing commodity prices [...]
Feds Propose 2021 Offshore Lease Sale
The U.S. Bureau of Ocean Energy Management (BOEM) on Tuesday proposed offering approximately 78.2 million acres for a region-wide Gulf of Mexico (GOM) lease sale scheduled for March 2021. The proposed Lease Sale 257, which would be livestreamed from New Orleans, will be the eighth offshore sale [...]
OPEC Revises 2020 Oil Demand Forecast
OPEC has lowered its 2020 oil demand forecast to -9.8 million barrels per day (MMbpd), OPEC’s secretary general, Mohammad Sanusi Barkindo has confirmed in a statement via videoconference at the 24th meeting of the JMMC on November 17. The number marks a drop of 0.3 MMbpd from [...]
Downhole Drilling Player Expands US Footprint
Rival Downhole Tools LC reported Tuesday that it has acquired the operating assets of Hunting Energy Services (Drilling Tools), Inc. (HESDT) in exchange for Hunting PLC securing a minority equity interest in Rival. The acquisition increases Rival’s U.S. footprint and supports its international expansion, Rival noted in [...]
Dolphin Drilling Rig Commences Mexico Contract
The Blackford Dolphin semi-submersible rig on Dec. 3, 2020, commenced its contract with Pemex after successfully completing its contract checklist inspection, Dolphin Drilling reported Monday. Pemex will use the rig to drill the SAAP-1EXP well, and Dolphin Drilling on Monday was anticipating spudding later in the day, [...]