US rig count jump
Baker Hughes said in its latest rig count that there were 13 more US rigs in the week ending July 25, compared with the previous week and amounted to 753 rigs. “Oil rigs are up 10 to 594, gas rigs are up three to 157 and miscellaneous rigs are up two,” said the company. The US Rig Count is up 283 rigs from last year's count of 470 with oil rigs up 222, gas rigs up 59 and miscellaneous rigs up by two. The US offshore rig count is flat one to 16 and up two year-on-year.
US LNG for UK
The 164,000 cubic metres capacity carrier, the “Maran Gas Posidonia”, is scheduled to discharge a US LNG cargo on June 26 at the UK South Hook importer terminal at Milford Haven, according to shipping data. The cargo was lifted on June 9 from Sempra’s Cameron LNG plant in Louisiana. The shipment was headed for the UK as the National Balancing Point market price for natural gas was at the equivalent of $25.30 per million British thermal units, about $13.00 per MMBtu less than the European Union benchmark Dutch Title Transfer Facility (TTF) price.
Saipem Brazil award
Saipem of Italy said it was awarded a limited notice to proceed (LNTP) by BW Offshore for the early-stage engineering services for the supply of a Floating Production Storage and Offloading (FPSO) unit. The FPSO will then be provided to Shell and its partners for the development of the Gato do Mato natural gas and oil field located about 200 kilometres offshore Brazil in the prolific Santos Basin in water depths of around 2,000 metres. “The LNTP is a key step ahead for this initiative and the Saipem project team is already fully mobilized. Upon completion of the LNTP, Shell and its partners target to award a lease and operate contract which will include the award of the engineering, procurement, construction, and installation (EPCI) of the FPSO to a consortium comprising Saipem and BW and with expected delivery in 2026,” said Saipem.