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Month: August 2020

Shelf Drilling Fleet Update Highlights

August 13, 2020
| Archives

Shelf Drilling released their fleet status update and below are the highlights Recent Events: High Island IV received notice of suspension of operations from Saudi Aramco at zero dayrate for up to 12 months beginning late June 2020; contract term to be extended by equal period. Trident 16 early-termination notice rescinded, rig on call out contract with Petrobel Egypt

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Sembcorp Marine plans demerger from Sembcrop Industries amidst prolonged industry downturn

August 12, 2020
| Archives

Shareholders have given their blessing to the demerger of Sembcorp Marine (SembMarine) from its parent company, Sembcorp Industries (Sembcorp) following votes in favour of three resolutions at two extraordinary general meetings (EGMs) held on Tuesday morning (Aug 11). The greenlight is now given for the $2.1 billion recapitalisation plan for SembMarine, the group's offshore marine arm bleeding badly from the industry's prolonged downturn amid an

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Awilco Q2 Highlights

August 12, 2020
| Archives

Awilco Drilling releases their second quarter update, below are the highlights: Q2 Report  Awilco Drilling PLC reported contract revenue of USD 6.4 million (nil Q1), EBITDA USD 1.5 million loss (USD 7.4 million loss in Q1) and a net loss of USD 4.6 million (USD 9.4 million loss in Q1) Revenue efficiency was 100% during the quarter (nil in Q1) Operational

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Petrobras looking to contract two high spec rigs for 2,400 meter tender

August 12, 2020
| Archives

Petrobras published today (11) a tender for the chartering and provision of operating services for at least one or even two high-specification marine drilling rigs for operation in water depths of up to 2,400 meters. The term of the contract to be awarded to the winning bidder will be three years. The opening of the envelopes is scheduled for

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Most Active User Contest Week 33

August 11, 2020
| Archives

Most Active User Contest We give away $100 bucks each week! We want to see you using the app, getting active on the newsfeed, sharing the app with your friends by using the invite option, bringing new people along, get some great content on there, and have some friendly competition whether it be by video, photo or text We want

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Barry Mutch – My COVID situation

August 11, 2020
| Archives

I have been a regular visitor to Thailand for 8 years now and been in Hua Hin for 4 of those.  I work offshore, world wide on a 4 week on 4 off rotation.  I very rarely spend more than 25/26 days a time in Thailand, so I have never required a visa or work permit.   I have been with

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Stena Carron arrives on location in Guyana

August 11, 2020
| Archives

Westmount Energy welcomed news that a drillship had arrived at a well site on the Kaieteur Block offshore Guyana. The arrival of the Stena Carron drillship was announced by Ratio Petroleum Energy, with drilling operations expected to commence imminently. Westmount currently held an indirect interest in the Kaieteur Block as a result of its around 0.7% interest in Ratio

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OXY books $6.6 billion writedown

August 11, 2020
| Archives

Occidental Petroleum booked a total impairment of $6.6 billion for the second quarter after the collapse in energy prices reduced the value of several of its assets. The shares fell as much as 3.3% in after-market trading in New York. Almost every large oil and gas company has either taken or warned of massive writedowns after energy markets collapsed

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DataGumbo: Getting Rid of Invoice Engineering is Possible

August 11, 2020
| Business Spotlight

Whether hot and dusty, freezing cold or perched over saltwater, a constant geolocationally-agnostic task at hand is that stack of paper tickets and invoices that proliferates across the desk of the ‘company man.’ With years spent in college and various training courses to responsibly manage the safe construction of productive wells, paperwork can feel a Sisyphean side

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Kyanite scraps its bid to take control of Keppel Corp

August 10, 2020
| Archives

Kyanite Investment Holdings, a unit of Singapore state-backed investor Temasek Holdings Pte, scrapped its bid to take control of Keppel Corp. after the oil-rig builder posted a second-quarter loss. Kyanite invoked a clause allowing it to withdraw the offer after the quarterly loss failed to meet pre-conditions of the bid, it said in a statement Monday. Kyanite in

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