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Month: March 2020

One Person Confirmed With Corona Virus on Equinor’s Martin Linge

March 12, 2020
| Archives

Equinor is in dialogue with the Norwegian health authorities about further measures. The infected person has been in isolation in his cabin since 9 March. Measures to prevent further contamination for offshore installations has been introduced. It has not been decided when the person will be brought ashore. The person arrived at the field just before noon on

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Valaris DS 8 drops BOP stack off Angola

March 10, 2020
| Archives

  The VALARIS DS-8 experienced a non-drilling incident while operating offshore Angola resulting in the blowout preventer (BOP) stack being disconnected from the riser while the rig was moving between well locations. The BOP stack dropped to the seabed floor, clear of any subsea structures. Valaris plc has located the BOP stack and is actively working on ways

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Awilco signs the WilPhoenix up with Petrofac

March 10, 2020
| Archives

With reference to their press release on 30 January 2020, Awilco Drilling PLC is pleased to confirm that a contract has been signed with Petrofac Facilities Management Limited (Petrofac) for the provision of WilPhoenix for a three well Plug & Abandonment program on Rubie and Renee. The program has an estimated duration of 100 days and will

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What you need to know about coronavirus right now

March 9, 2020
| Archives

MARKETS ROUT Financial markets were thrown into turmoil on Monday after Saudi Arabia slashed oil prices and set plans for a dramatic rise in crude production. The jolt added to concerns over the spread of the coronavirus and the fears of a global recession. Oil slumped around 30%, while MSCI’s broadest index of Asia-Pacific shares outside Japan lost 3.9%

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Shelf Drilling grabs a one year extension for the Trident 16 in Egypt

March 9, 2020
| Archives

Shelf Drilling, Ltd. announced today that it has secured a one-year contract extension for the Trident 16 jack-up rig in direct continuation of its current term with Belayim Petroleum Company (“Petrobelâ€) for operations in the Gulf of Suez offshore Egypt. The Trident 16 has been working with Petrobel in Belayim fields since 2015, and following this

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Here’s How the Oil Price Crash is Upending Markets

March 9, 2020
| Archives

A crude-oil price war in the middle a worsening global virus outbreak sent a fresh wave of volatility surging through financial markets beginning on Monday in Asia. Oil futures tumbled the most since the Gulf War in 1991, Norway’s krone slid to its weakest against the dollar since the 1980s and Australia’s benchmark stock index plunged the most

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Popular News – Top 5 from this past week

March 9, 2020
| Weekly Rundown

This past week we had 5.9k page views and the top 5 grabbed up 1.8k of them, below are our top 5 articles for the week of March 1 – March 7! #1 with 504 views Allseas to modify 6th gen drillship Vitoria 10k for mining operations #2 with 373 views Borr: More than 40 additional rigs are required in

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Somalia in talks with supermajors Shell and Exxon

March 7, 2020
| Archives

Somalia has agreed an initial roadmap with a Shell/Exxon joint venture to explore and develop potential offshore oil and gas reserves, the Ministry of Petroleum and Mineral Resources said on Monday. “I am delighted we have agreed an initial roadmap with the Shell/Exxon joint venture. This gives us confidence in (the)ability to further explore any offshore hydrocarbon potential,â€

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