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Month: August 2020

Diamond puts the Onyx to work for Beach, 6 firm wells

August 17, 2020
| Archives

Highlights New drilling Ocean Onyx rig contract signed with Diamond Drilling program expected to commence December 2020 – March 2021 Contract provides for up to 9 wells (6 firm and 3 options) First well in drilling sequence expected to be Artisan 1 Settlement Agreement signed to dismiss all current legal proceedings with Diamond Beach Energy Limited is pleased to announce the company

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Approval of the acquisition of Sete rigs

August 17, 2020
| Archives

The Administrative Council for Economic Defense (Cade) approved, without restrictions, the acquisition, by MIC Capital Partners (a company of the Mubadala group) and Magni Partners, of companies with a specific purpose whose purpose is to own and manage the Arpoador, Guarapari rigs, Urca e Frade, from Sete Brasil. The transaction marks an important stage in the Brazilian group's

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Chevron pursues exploration deal in Iraq

August 17, 2020
| Archives

U.S. oil major Chevron Corp tentatively plans to sign a memorandum of understanding with Iraq to develop one of the country’s large oil fields, the Wall Street Journal (WSJ) reported on Monday, citing people familiar with the matter. Chevron and the Iraqi government are discussing the potential execution of exploration work in Iraq's southern Nassiriya oilfield, which is

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Sonatrach and Wintershall Dea sign MoU

August 17, 2020
| Archives

Algeria’s energy firm Sonatrach has signed a memorandum of understanding with German oil and gas company Wintershall Dea over potential cooperation in exploration and production in the OPEC member country, Sonatrach said on Monday. The memorandum also includes talks on joint investment abroad, the state-run firm said in a statement. Wintershall Dea has been operating in Algeria since 2002

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Sweeping plan for oil development in the Arctic has been authorized

August 17, 2020
| Archives

The Trump administration on Monday authorized a sweeping plan to sell drilling rights and spur oil development in Alaska’s rugged Arctic refuge, setting up a possible auction by the end of 2020 and a political clash if the president loses the November election. The Interior Department’s decision approves oil leasing across the Arctic National Wildlife Refuge’s entire 1.56-million-acre

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Berkshire Sells Common Stock in Occidental Petroleum

August 17, 2020
| Archives

Warren Buffett’s Berkshire Hathaway Inc. sold its Occidental Petroleum Corp. common equity in the second quarter, heaping further pressure on one of the worst performers during this year’s historic oil rout. Berkshire had built up the stake in addition to its $10 billion investment in preferred shares last year, which helped fund Occidental’s ill-fated takeover of Anadarko Petroleum

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Rig Lynx Weekly Rundown – Top 5 from week 33

August 17, 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 33, Aug 9 - Aug 15, we had 3k page views, and below are the top 5 Have a great week ahead! Petrobras looking to contract two high spec rigs for 2,400 meter tender Transocean

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