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Month: February 2020

Grupo R sign up the La Muralla IV semi with Shell

February 4, 2020
| Archives

Grupo R is proud to announce that it signed a contract with Shell Mexico for the lease of the La Muralla IV platform to operate in the deep waters of the Gulf of Mexico. The integrated contract model signed between Shell Exploración and Extraction de México and Grupo R will provide Shell with the drilling rig, as well

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UAE’s ADNOC signs deal to develop new gas field with Dubai

February 4, 2020
| Archives

The United Arab Emirates (UAE) announced on Monday a new gas find with 80 trillion standard cubic feet (tscf) of shallow gas resources, a discovery that could help the country’s goal to achieve gas self-sufficiency. Abu Dhabi National Oil Company (ADNOC) and Dubai Supply Authority (DUSUP) have signed an agreement “to continue to explore and develop the shallow

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Parker Drilling Company to voluntarily delist from the New York Stock Exchange

February 4, 2020
| Archives

Parker Drilling Company (NYSE: PKD) (the “Companyâ€) filed a Form 25 with the Securities and Exchange Commission (“SECâ€) to voluntarily delist its shares of common stock from trading on the New York Stock Exchange in connection with its previously announced plan to deregister its common stock under the Securities Exchange Act of 1934, as amended (the “Exchange

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Bassoe: Jackup Report

February 4, 2020
| Archives

After the 48 years of jackup backlog added in December, another 33 years were added in January. Most of the new backlog comes from long-term contracts in the Middle East, with the two newbuild Super 116Es ordered by ARO Drilling getting eight years each with Saudi Aramco. Dayrates and utilization have stabilized on the back of the strong

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Borr Drilling’s jackup Mist gets an 8 month extension

February 3, 2020
| Archives

  Offshore drilling rig contractor Borr Drilling has reportedly secured more work for its Mist jack-up rig. According to Norwegian media, the Borr has secured an eight-month contract for the Keppel-built offshore drilling unit. Finansavisen recently reported that Svend Anton Maier, the CEO of Borr Drilling, confirmed for TDNDirekt that the new contract was secured, with the start-up in April 2020. Per

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API applauds U.S.-Mexico-Canada Trade Deal Signing

February 3, 2020
| Archives

American Petroleum Institute (API) President and CEO Mike Sommers applauded the signing of the U.S.-Mexico-Canada agreement (USMCA) at the White House. Mexico has already ratified the agreement, and Canada’s Parliament is expected to act in the coming months.  “USMCA is a win-win for American workers and energy consumers,†API President and CEO Mike Sommers said. “North American energy

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Monthly Rundown – Top 5 stories from January

February 3, 2020
| Monthly Rundown

  For January we had over 29k views, here we will cover the top 5! News from Oxy, Transocean, Maersk, Apache and Northern… We hope all of you had a great January, thanks for reading here with us and we wish you a great start to February!   # 1 with 2,027 views Occidental Petroleum slashing jobs ‘significantly’ in cost-cutting move #2 with 1,124

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Popular News – Top 5 from this past week

February 3, 2020
| Weekly Rundown

This past week we had 4.9k page views and the top 5 grabbed up 2.2k of them, below are our top 5 articles for the week of Jan 26 – Feb 1! #1 with 1,053 views Northern Offshore lands a two year contract for the Energy Embracer #2 with 820 views Henry Goodrich finishes up on the West White Rose project #3

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