Infill Thoughts

Unique angles you’ll only find here on important oilfield stories

98 Offshore Rigs Have Now Been Scrapped As Transocean Recycles 3 More

Transocean’s fleet status report released late Monday afternoon showed that three more midwater semis have been selected for scrapping. At Infill Thinking, we now track 98 offshore rigs that have been retired since the downturn began in 2014. These 98 include the Transocean Driller, Transocean Winner and Sedco 704, which Transocean now plans to scrap this quarter. …

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Schlumberger Pushes Pricing, Talks Superlaterals And Cyclical Bottom

On Schlumberger’s conference call Friday morning, CEO Paal Kibsgaard made one central theme very clear. He is preparing his organization for growth again. Conversations with almost every Schlumberger customer on pricing increases have begun. Outside of Asia Pacific, Kibsgaard sees tender shoots of recovery sprouting in every market across the globe. There’s a …

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Did You Catch Halliburton’s Big Tone Shift? It Signals A “Roll Up Your Sleeves” Sort Of Recovery Ahead

An important tone shift in how Halliburton addressed investors Wednesday morning foreshadows a different type of recovery ahead. Reading between the lines, we’ve dubbed the upcycle of the future a “roll up your sleeves” recovery. What will oilfield companies have to do to achieve prior KPIs in the recovery ahead? We discuss that and more… There’s …

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The Good, The Bad, And The Ugly For Latin America Deepwater

Latin American deepwater exploration and development is largely driven by the two large NOCs in the region. Here lately, these NOCs have been slamming the brakes, particularly in Brazil where Petrobras is trying to recover from scandal that rivals Enron. Both NOCs are pruning their rig portfolios, resulting in negative demand for Latin American floaters. …

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