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Month: December 2019

Popular News – Top 5 from this past week!

December 30, 2019
| Weekly Rundown

Hope everyone had a Merry Christmas, this past week we had 3.2k page views this past week and the top 5 grabbed up 1.8k of them, below are our top 5 articles for the week of Dec 23 – Dec 29! # 1 with 796 views Saipem marks up new contracts and extensions value at approximately 1.7 billion USD #2

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Egypt signs 4 oil, gas agreements with investments of $155M

December 26, 2019
| Archives

Egypt signed Wednesday four new agreements to search for oil and gas in the regions of Western Sahara, the Gulf of Suez and the Nile Valley, with a minimum investment of $155 million, and signature grants of about $10.5 million, including drilling 30 wells. Minister of Petroleum and Mineral Resources Tarek el-Molla emphasized the importance of signing new

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ExxonMobil discovers more oil off Guyana

December 26, 2019
| Archives

ExxonMobil has announced a new discovery off Guyana, adding to previous estimates of 6 billion barrels of recoverable oil equivalent. The Mako-1 well is located southeast of the Liza field which has just started producing oil. The well encountered approximately 50metres of “high-quality oil bearing sandstone reservoir†after being drilled in 1,620 metres of water. Mako-1, six miles from Liza,

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Apache and Total form a J.V. to develop offshore Suriname

December 24, 2019
| Archives

Apache Corp and French rival Total have formed a joint venture to develop a project off Suriname, the companies said, in a deal that gives the U.S. oil and gas producer a cash injection. Apache’s Suriname offshore prospect, near the border with South America’s newest oil giant, Guyana, is a long-shot for the U.S. company, with the Total

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KS Drilling awarded an extension for the Java Star

December 24, 2019
| Archives

KS Energy Limited refers to the announcements dated 21 December 2018, 22 February 2019 and 16 July 2019 in relation to a contract awarded for the KS Java Star 2 jackup drilling rig (the “Previous Announcementsâ€). Further to the Previous Announcements, the Directors wish to announce that a contract extension has been awarded. The expected value of the

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Seadrill awarded a multi-year contract for the West Phoenix

December 24, 2019
| Archives

Seadrill Limited has secured a multiple well contract with Vår Energy AS for the West Phoenix for work on the Balder re-development project in Norway. Total contract value for the firm portion of the contract is expected to be approximately $302 million with commencement expected at the end of 2Q 2021 and running through 3Q 2023. In addition

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Popular News – Top 5 from this past week!

December 24, 2019
| Weekly Rundown

We had 7k page views this past week and the top 5 grabbed up 4k of them, below are our top 5 articles for the week of Dec 16 – Dec 22! #1 with 2,806 views Devon Energy Sells Barnett Shale Assets for $770 Million #2 with 620 views Perenco cancels contract for the Maersk Resolute #3 with 477 views More work for

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