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Month: February 2019

Eco, Total and Tullow partner up and grab the Stena Forth for Guyana job

February 20, 2019
| Archives

Eco (Atlantic) Oil and Gas Ltd. along with its partners in the Orinduik Block, offshore Guyana, Total E&P Activities (“Totalâ€) and Tullow Guyana B.V. (“Tullowâ€) (Operator) (the “Partnersâ€), is pleased to announce it has contracted a rig, the Stena Forth, a sixth-generation drillship from Stena Carron Drilling Limited Guyana Branch (“Stenaâ€), to drill the Jethro-Lobe prospect on the Orinduik Block

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US law firms investigating Bristow

February 20, 2019
| Archives

A number of US law firms have announced investigations into Bristow Group on behalf of investors the move comes after the firm last week cast doubt on the validity of its own finances. The company, which has a base in Aberdeen serving the oil and gas sector, saw its share price tumble last week after it reported “material

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Oil trades at highest level since November

February 19, 2019
| Archives

(Bloomberg) — Oil traded near the highest level since November on optimism the U.S. and China can reach a trade deal and as an outage at the world’s largest offshore field in Saudi Arabia signaled tightening supply. Futures in New York rose as much as 1 percent after advancing 5.4 percent last week. President Donald Trump said talks

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Two 7 year contracts awarded to ADES

February 19, 2019
| Archives

ADES International Holding PLC, an oil & gas drilling and production services provider in the Middle East and North Africa, is pleased to announce that it has secured two onshore drilling contracts in the Kingdom of Saudi Arabia, following a competitive tender process. Each of the secured contracts has a tenure of seven years (five years fixed and

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Weekly Rundown- Top Posts for the Week

February 17, 2019
| Weekly Rundown

The #1 spot goes to the tragedy on the Ocean Ranger, it is a strong reminder for all of our readers onshore or offshore to think about the way things look or the way things are designed, question the unquestionable, it may save your life. From all of us here at Rig Lynx may the crew of

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Ensco and Rowan both receive clearance for merger from CMA

February 16, 2019
| Archives

Ensco plc and Rowan both announced today that they have received clearance from the United Kingdom’s Competition and Markets Authority for their pending combination. Completion of the transaction remains subject to satisfaction or waiver of certain other conditions, including approval by the shareholders of both Ensco and Rowan along with other regulatory and court approvals. Just to remind

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BSEE issues the investigation report for the Dec 2017 fatality on the Petrobras 10k drillship

February 15, 2019
| Archives

On December 2, 2017, an incident resulting in a single fatality occurred during pipe handling operations onboard the Petrobras 10000 Drillship (PBS 10k). Petrobras Internacional Braspetro B.V. (PIB-BV) was the majority owner of the PBS 10k. Petrobras Americas International (PAI), a subsidiary of PIB-BV, contracted Transocean Offshore Deepwater Drilling, Inc. (TODDI) to manage the PBS 10k during

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Velesto brings $38 million in backlog with Hess

February 15, 2019
| Archives

Velesto Energy Bhd (formerly known as UMW Oil & Gas Corp Bhd) has gotten a US$38 million contract extension to provide high pressure high temperature (HPHT) jack-up drilling rig and services for North Malay Basin, Malaysia. In a filing with Bursa Malaysia, Velesto said its wholly-owned subsidiary Velesto Drilling Sdn Bhd has received the extension from Hess Exploration

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