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Month: August 2020

Brunei Shell exercises 20 month extension for the Maersk Convincer

August 31, 2020
| Archives

Brunei Shell Petroleum Company Sdn. Bhd. (BSP) has exercised the contract extension option for the jack-up rig Maersk Convincer that allows the rig to continue operating offshore Brunei Darussalam. The contract extension has an expected duration of 602 days and will commence in May 2021 in direct continuation of the rig’s current work scope, which means that

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What We Do!

August 31, 2020
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What we do... Specialized Digital Media - Social Networking - Non-Traditional Marketing - Live 1,002 Days - 32,000 Application Downloads - 1,375,366 In App Clicks - 3,873 Members - 132 Countries - 74k Facebook Followers - 91k Linked Followers - 42k Instagram Followers - 26k YouTube Subscribers - 3.3 Million Monthly Impressions - 120 Articles Published Monthly -

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UAE scraps Israel boycott

August 31, 2020
| Archives

The president of the United Arab Emirates scrapped an economic boycott against Israel, allowing trade and financial agreements between the countries in another key step towards normal ties, the UAE’s state news agency reported on Saturday. Israel and the UAE said on Aug. 13 they would normalise diplomatic relations in a deal brokered by U.S. President Donald Trump

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Angola Approves New Exploration Strategy

August 31, 2020
| Archives

The Council of Ministers has approved a revised hydrocarbon exploration strategy in Angola that will take effect until 2025. Approved at the 8th Ordinary Session held on Wednesday and chaired by H.E. President João Lourenço, the strategy seeks to stabilize oil production and expand recoverable reserves by intensifying hydrocarbon exploration activities through the evaluation of Angola’s sedimentary basins

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Aramco discovers two new oil and gas fields in Saudi

August 31, 2020
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Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia, the kingdom’s official news agency reported, citing Energy Minister Prince Abdulaziz bin Salman. Gas has started flowing from Hadabat Al-Hajara field near the Iraqi border at an average daily rate of 16 million standard cubic feet, in addition to 1,944 barrels of condensates, which

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Rig Lynx Weekly Rundown – Top 5 from week 35

August 30, 2020
| Weekly Rundown

Welcome back! If you missed any of the trending articles from last week we got them all here for you to start your week off with For week 35, Aug 23 - Aug 29, we had 6k page views, and below are the top 5 Have a great week ahead! Oh, we also give away $100 bucks each week for our "Most

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Borr Drilling Q2 Prelim Results

August 28, 2020
| Archives

Borr Drilling Limited announces unaudited results for the three and six months ended June 30, 2020. Highlights in the Second Quarter of 2020 Total operating revenues of $84.0 million, net loss of $109.6 million and Adjusted EBITDA* of $(1.9) million for the second quarter of 2020. The adjusted EBITDA includes approximately $12 million of non-recurring costs related to the

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Weatherford Completes Financing Transactions

August 28, 2020
| Archives

Weatherford International plc today announced that it has refinanced its senior secured asset-based lending agreement (the "ABL Credit Agreement") through the issuance of $500 million of senior secured first lien notes (the "Senior Secured Notes"). The Company also amended and increased the size of its senior secured letter of credit agreement (the "LC Credit Agreement") to $215 million. The proceeds from the

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