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Month: January 2020

Gulf Marine Services wins two contracts; fleet utilization beats 2019

January 3, 2020
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Gulf Marine Services PLC on Friday said it has been awarded two contracts, with secured utilization of its fleet for 2020 now exceeding the year before. Gulf Marine provides self-elevating support vessels for use in the oil, gas and renewable energy industries and has secured a 7-month contract for one of its small K-Class vessels and a 12-month

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Valaris receives $200 million cash payment from Samsung Heavy Industries

January 3, 2020
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Valaris plc announced that it has received a $200 million cash payment upon the conclusion of previously disclosed arbitration proceedings, and provided an update on contracting for its rig fleet and the Company’s cost savings plans. Tom Burke, President and Chief Executive Officer, said, “We continue to make tremendous progress on several fronts. Most notably, we concluded arbitration proceedings against

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ONGC grabs 7 blocks with 33 billion barrel potential

January 3, 2020
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The seven blocks are spread over three sedimentary basins with resource potential of approximately 33 billion barrels of oil and oil equivalents of gas. The government on Thursday awarded Oil and Natural Gas Corporation (ONGC) all seven oil and gas blocks that were on offer in the fourth round of Open Acreage Licensing Policy (OALP), said Union Petroleum Minister Dharmendra

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Myanmar to develop offshore gas with Total, and Woodside

January 2, 2020
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The state-run Myanmar Oil and Gas Enterprise signed agreements for gas production Monday with a joint venture that includes domestic company MPRL E&P Co., Woodside Energy from Australia and French energy giant Total. The agreements cover production at offshore gas block A-6, which is located some 80 km west of Pathein Township in Ayeyarwady Region and has good

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Noble Energy announces first gas from the Leviathan field offshore Israel

January 2, 2020
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  Noble Energy, Inc. announced the commencement of natural gas production from the Leviathan field, the largest natural gas field in the Eastern Mediterranean. David L. Stover, Noble Energy’s Chairman and Chief Executive Officer, stated, “This is a historic day for Noble Energy. The safe and successful execution of the initial phase of Leviathan development has been world-class, continuing

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Special Article: When The Lights Go Out

January 2, 2020
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We are all aware of what comes at us when a rig loses power and also what it takes to get it back up and running but the less frequent it gets these days I think we should pass on our stories, after all stories are what makes us curious and interested. I want to share one in particular when the

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Egypt awards oil and gas exploration concessions in Red Sea

January 1, 2020
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Egypt said that it has awarded oil and gas exploration concessions in the Red Sea to Chevron, Royal Dutch Shell and Mubadala in an international tender. Chevron was awarded the first block, Shell a second block, and a third block was awarded jointly to Shell and Mubadala with a total exploration area of around 10,000 square km (3,860

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Seadrill gets 3 year extensions for AOD II and AOD III

January 1, 2020
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Seadrill Limited has secured a three year contract  for each of the AOD II and AOD III in the Middle East, in direct continuation of their current contracts. Total contract value is expected to be approximately $98 million and $101 million respectively. Source: Seadrill Photo used for illustration purposes only Check out our other current stories! Exxon grabs up 1.7

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Exxon grabs up 1.7 million acres offshore Egypt for exploration

January 1, 2020
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ExxonMobil has secured more than 1.7 million acres for exploration offshore Egypt. “These awards strengthen our exploration portfolio in the Eastern Mediterranean,†said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “We look forward to working with the government and deploying our proven expertise and advanced technology.†The acquisition includes acreage in the 1.2 million North

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