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Month: February 2020

Turkey procures its third drillship for $37.5ml

February 25, 2020
| Archives

State-run Turkish Petroleum Corporation (TPAO) has added another drilling vessel to its fleet for $37.5 million, according to a prominent Turkish maritime publication. Sertao, moored at Port Talbot in Britain for two years, was acquired by TPAO in an auction, Istanbul-based Denizcilik Dergisi (Maritime Magazine) reported on Feb. 8. Built in South Korea by Samsung in 2012, the Marshall

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Awilco signs Letter of Intent with Serica for the WilPhoenix

February 25, 2020
| Archives

Awilco Drilling PLC has signed a Letter of Intent with Serica Energy (UK) Limited for the provision of WilPhoenix for a one well workover on the Rhum field. The program has an estimated duration of 45 to 70 days and will commence between 1st September and 30th October 2020. The contract value is estimated at GBP 5.9

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Tungsten Explorer Arrives in Lebanon Under French Giant Total

February 25, 2020
| Archives

A ship that will set up the first oil and gas exploration well off the Lebanese coast has arrived in Lebanon where it will start work later this week, French oil giant Total and Lebanon’s government announced Tuesday. The arrival of the drill ship comes at a time when Lebanon is going through its worst economic and financial

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Popular News – Top 5 from this past week

February 24, 2020
| Weekly Rundown

This past week we had 9.2k page views and the top 5 grabbed up 4.2k of them, below are our top 5 articles for the week of Feb 16 – Feb 22! #1 with 1,405 views ENI begins drilling Oman’s first deepwater offshore well # 2 with 982 views Noble Corporation plc Announces Leadership Transition Plan #3 with 753 views Borr Drilling enters

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Valaris plc Reports Fourth Quarter and Full-Year 2019 Results

February 21, 2020
| Archives

Valaris plc reported a net loss attributable to the Company of $216 million, or $1.09 per share, for fourth quarter 2019 compared to a net loss of $197 million, or $1.00 per share, in third quarter 2019. The Company reported adjusted EBITDA of $22 million in fourth quarter 2019 compared to $35 million in third quarter 2019,

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10 Crew Kidnapped From Tanker 76NM SW of Cotonou, Benin

February 21, 2020
| Archives

Initial reports indicate that 10 (out of a total of 24) crew have been kidnapped from the crude oil tanker ALPINE PENELOPE (IMO #9379301) while she was approx. 76 nautical miles southwest of Cotonou, Benin and headed from Ijmuiden, the Netherlands towards Lagos, Nigeria (approx. posn. 05 07.8N, 002 06.0E). While details remain limited at this time, there

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Noble Corporation plc Announces Receipt Of NYSE Continued Listing Standard Notice

February 20, 2020
| Archives

  Noble Corporation plc today announced that on February 19, 2020 it received formal notice of non-compliance (the “NYSE Noticeâ€) with the New York Stock Exchange (the “NYSEâ€) share price continued listing standards, which require a listed common stock to maintain a minimum average closing price of $1.00 per share for 30 consecutive trading days. The Company intends to regain compliance with the NYSE’s listing standards, and as

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Nabors Announces Fourth Quarter 2019 Results

February 20, 2020
| Archives

  Nabors Industries Ltd. today reported fourth quarter 2019 operating revenues of $714 million, compared to operating revenues of $758 million in the third quarter. Highlights are below: Reduced total debt during the fourth quarter by $184 million to $3.3 billion and reduced net debt by $218 million to $2.9 billion Amended 2018 Credit Agreement in December 2019 to provide additional covenant

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US companies willing to invest $2 bn in Angola’s oil and gas projects

February 20, 2020
| Archives

  The United States Secretary of State, Mike Pompeo has confirmed that several American firms operating in the oil and gas sector are willing to invest more than $2 billion in Angola’s oil and gas projects. The US State Secretary attended a meeting organized by the US Angola Chamber of Commerce, with Angola’s Minister of Foreign Affairs, H.E. Manuel

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