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Month: October 2019

$1bn Secured by Tullow for New Ventures from U.S. Investment Group

October 4, 2019
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Former Tullow Oil senior executives Aidan Heavey and Tom Hickey have secured $1 billion (€920 million) in backing from US investment giant Carlyle for a new oil and gas venture in West Africa called Boru Energy. The company will target “primarily non-operated interests†in energy assets in the region, taking advantage of a major divestment drive by big energy companies looking to shift away from fossil fuels. Mr Heavey, who

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Borgland Dolphin back with Shell after February 2020

October 3, 2019
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Global contractor Dolphin Drilling has secured further work for its Borgland Dolphin semi-submersible drilling rig to start in early 2020. The company has won a contract with AS Norske Shell in Norway to provide rig support for the drilling and completion of a gas producer well on the Knarr field. The work will commence in February following the

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Valaris announces new contracts, $245mil in backlog addition

October 1, 2019
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Valaris announced today new contracts and contract extensions, with associated revenue backlog of approximately $245 million, awarded subsequent to a prior press release that announced new contract awards on August 26, 2019. VALARIS DS-16 (Resolute) contract with Fieldwood in the U.S. Gulf of Mexico extended by approximately 180 days from March 2020 to September 2020 due to the

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