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The Ocean BlackRhino is one of two Diamond Offshore drillships bound for Sangomar later this year. PHOTO SOURCE: Zenith Energy
Woodside Energy (Senegal) B.V. (ASX: WPL) has awarded U.K.-based well management and project management firm Zenith Energy (LON: ZEN) a multiyear contract for the Sangomar field development offshore Senegal, Zenith reported late last week.
“This contract is of significant importance to Zenith and builds on the relationship and services we have provided Woodside to date,” Martin Booth, Zenith’s managing director, commented in a written statement emailed to Rigzone.
Zenith pointed out that it will provide drilling and completion engineering and ad-hoc support services for the Sangomar project under the four-year contract, which it will service from the U.K. and Australia. The firm added that it expects to create more than 25 jobs because of the award.
Here is a preview of developments to watch for this week in the oil market. PHOTO SOURCE: OPEC
(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.)
The OPEC+ alliance of major oil producers plans to meet this week. Who will participate in the meeting should provide a clue about the group’s intentions, says one of Rigzone’s market observers. Read on for his explanation, along with a perspective on the direction of U.S. gasoline imports, in this installment of what to watch in the oil market.
ONGC has awarded Shelf Drilling a contract for the J.T. Angel jack-up rig.
Oil and Natural Gas Corp. (ONGC) has awarded Shelf Drilling, Ltd. (OSE: SHLF) a contract for the J.T. Angel jack-up rig, Shelf reported Friday.
Under the three-year contract, the rig will operate in the Mumbai High field off India’s west coast, Shelf noted. The company added that it expects operations to start in the fourth quarter of this year.
Shelf, whose entire 31-unit fleet comprises jack-up rigs, points out on its website the J.T. Angel can operate in up to 300 feet (91 meters) of water and drill to a maximum depth of 25,000 feet (7,620 meters). In addition to India, the Dubai-headquartered shallow-water specialist’s operations span the Middle East, Southeast Asia, West Africa, and the Mediterranean.
Oil slipped with the rapid coronavirus resurgence in India and other countries casting a cloud around a return to normal consumption.
(Bloomberg) Oil slipped with the rapid resurgence of Covid-19 in India and other countries casting a cloud around a return to normal consumption, even as OPEC+ projected a strong global demand recovery this year.
Futures in New York closed 0.4% lower on Monday. While an OPEC+ technical committee raised its global oil demand growth forecast for 2021 to 6 million barrels a day and said most of the fuel inventory glut accumulated during the pandemic will have depleted by the end of this quarter, the group cautioned that virus cases in India, Brazil and Japan may have a negative impact on economic growth.