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Month: January 2020

Bristow and ERA merge

January 24, 2020
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Bristow Group Inc. and Era Group Inc. announced today that they entered into a definitive agreement to combine the two companies in an all-stock transaction, creating a financially stronger company with enhanced size and diversification. The combined company, which will be named Bristow, will strengthen its global leadership position with significant operations throughout the Americas, Nigeria, Norway, the

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Awilco Drilling selects IFS to support automation on its harsh environment 6th gen semis

January 23, 2020
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IFS, the global enterprise applications company, announces that Awilco Drilling, a North Sea drilling contractor has selected IFS Applications™ to support its new-build program for two sixth-generation, harsh-environment semi-submersible rigs. With two state-of-the-art hybrid rigs under construction and two more sister rigs as options, Awilco Drilling aims to become the most digital and environmentally friendly drilling operator in the North Sea.

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India and Brazil sign exploration MoU

January 23, 2020
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The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the Memorandum of Understanding to be signed between Geological Survey of India (GSI), Ministry of Mines of the Republic of India and Geological Survey of Brazil – CPRM, Ministry of Mines and Energy of the Federative Republic of Brazil on “Cooperation

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Egypt locks in nine E&P agreements with four international companies

January 22, 2020
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  The Egyptian Ministry of Petroleum has signed nine agreements with a gross investment of $452.3 million for oil and gas exploration in the Mediterranean and Western Deserts. The agreements were signed with officials of four international petroleum companies including Shell, Apache, Petronas and BP. Each of the nine agreements include additional grants worth $84 million to be allocated

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Caspian Explorer purchased for $25ml

January 21, 2020
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The company, which has mostly been focused on onshore activities on Tuesday proposed the acquisition of the  Caspian Explorer drilling vessel. The vessel is capable of drilling exploration wells to depths of up to 6,000 meters in extremely shallow water, and Caspian Sunrise plans to use it in the North Caspian Sea. Caspian Sunrise said: “To date, Caspian

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JDC lines up semi Hakuryu 5 for work with PTTEP

January 21, 2020
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Japan Drilling Co., Ltd. (JDC) is pleased to announce that its subsidiary company “Hakuryu 5, Inc.†has entered into a drilling contract with PTTEP International Limited for the provision of a semi-submersible drilling rig “HAKURYU-5â€. The main terms of the drilling contract are as follows: 1. Operating Area：Andaman Sea, Myanmar2. Period of Contract：Approximately 283 days3. Estimated Commencement

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Valaris JV ARO orders two newbuild jackups, both with eight year contracts

January 21, 2020
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Valaris plc announced today that ARO Drilling, its 50/50 joint venture with Saudi Aramco, has ordered two newbuild jackup rigs from International Maritime Industries. Upon delivery, each rig is expected to commence an eight-year contract with Saudi Aramco and operate at a day rate determined by a six-year EBITDA payback. Following its initial eight-year contract, and subject to

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ADES gets 1 year extension for the Admarine 261

January 20, 2020
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Dubai-based ADES International Holding PLC on Monday said it has extended the contract for Admarine 261 jack-up rig in Saudi Arabia. The oil & gas drilling services provider said the contract was extended for one-year tenor, which will be effective upon the expiry of the current contract in February 2020, with the same daily rates. ADES neither disclosed any

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Maersk Drilling awarded two-well contract extension for the Integrator

January 20, 2020
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Maersk Drilling has secured a two-well contract extension from Aker BP for the ultra-harsh environment, low-emission jack-up rig Maersk Integrator. In direct continuation of the rig’s current workscope, Maersk Integrator will move to the Ivar Aasen field offshore Norway to drill two wells, with work expected to commence in October 2020. The extension has an estimated duration

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