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Month: July 2019

Shelf Drilling grabs two three year contracts

July 31, 2019
| Archives

Shelf Drilling has been awarded two new contracts in India with ONGC Shelf Drilling, Ltd. announced today that it has received an award for a three-year contract for each of the C.E. Thornton and F.G. McClintock jack-up rigs with Oil and Natural Gas Corporation (ONGC) for operations in the Mumbai High, offshore India. The planned start-up of

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Shell has sold its GOM Caesar-Tonga interest for $965 million

July 31, 2019
| Archives

Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has completed the sale of 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Equinor Gulf of Mexico LLC (Equinor), a subsidiary of Equinor ASA, subject to approval of the lease assignments by the regulator.  The total cash consideration was $965 million.  The transaction represents Shell’s focus

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China removes restrictions on foreign investment in upstream oil and gas

July 30, 2019
| Archives

China’s National Development and Reform Commission and the Ministry of Commerce jointly issued three lists relating to foreign direct investment in China, namely the Special Administrative Measures for the Access of Foreign Investment (2019) (“Negative List 2019â€), the Free Trade Zone Special Administrative Measures for the Access of Foreign Investment (2019) (“FTZ Negative List 2019â€) and the

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Norbe VI lines up a new two year contract

July 30, 2019
| Archives

Brazil’s Petrobras has signed a two-year contract to lease a drilling rig from Ocyan, formerly known as Odebrecht Oleo e Gas, an executive told Reuters, in the first deal between the firms since a corruption scandal erupted five years ago. Petroleo Brasileiro SA, as the state-run oil firm is known, formally selected Ocyan and two other companies in

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Ultra-deepwater drillship offered in auction by Petrobras

July 29, 2019
| Archives

Brazilian oil company Petrobras is seeking to auction off a 2010-built ultra-deepwater drillship. The company is planning to sell the Vitoria 10000 drillship via an international electronic auction in September. The Vitoria 10000 is a sixth-generation drillship built by Samsung, under the Samsung 10000 design. The rig – initially owned by Schahin – later renamed to BASE – entered service

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Borr Drilling Limited Announces U.S. IPO

July 29, 2019
| Archives

Borr Drilling Limited today announced that it has launched the initial public offering in the United States (the “Offeringâ€) of 5,000,000 of its common shares. Borr Drilling will also grant the underwriters of the Offering a 30-day option to purchase up to an additional 750,000 common shares at the initial public offering price, less underwriting discounts and commissions.

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Popular News – Top 5 from this past week!

July 29, 2019
| Weekly Rundown

Below are our top 5 articles for the week of July 22 – July 28! #1 with 736 views Record breaking Permian Basin horizontal well finished #2 with 266 views Maersk puts the ink down for the Resolute on a new contract with Perenco #3 with 206 views Popular News – Top 5 from this past week! #4 with 202 views Noble scores two

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Transocean adds new contracts, backlog sets at 11.4 bn

July 26, 2019
| Archives

Transocean Ltd. issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. Since its last report Transocean added approximately $158 million in contract backlog, bringing total backlog to $11.4 billion. This quarter’s report includes the following new contracts: Transocean Barents – Awarded a three-well contract plus three

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