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Month: September 2020

Bahamas Petroleum announces spud date of Perseverance 1 with the IceMAX

September 25, 2020
| Archives

BPC, the Caribbean and Atlantic margin focused oil and gas company, with exploration, production, appraisal and development assets across the region, is pleased to announce that it has received formal notification from Stena Drilling, consistent with the existing contract, nominating the Stena IceMAX as the intended drill rig for the upcoming Perseverance #1 drilling campaign. The notification has also indicated the start

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Norway oil workers threaten to strike, including at Sverdrup field

September 24, 2020
| Archives

Some 113 Norwegian offshore oil workers plan to go on strike from Sept. 30 onwards if annual pay negotiations with employers fail, the Safe trade union said on Wednesday. In total, 88 of the union members work at Equinor’s Johan Sverdrup field, the largest oil producing field in western Europe, while 25 work at ConocoPhillips’s Ekofisk Lima platform,

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Weatherford and Safe Influx sign MOU

September 24, 2020
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Weatherford International plc announced it has signed a Memorandum of Understanding (MoU) with Safe Influx, the world's only provider of Automated Well Control technology. Under the MoU, the companies will cooperate globally to focus on revolutionising well integrity during the construction phase by bringing to market the first ever integration of Managed Pressure Drilling (MPD) solutions and Automated Well

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Borr Drilling issues update on market

September 23, 2020
| Archives

Borr Drilling Limited is pleased to announce that it has reached agreement with the bank syndicates and with Hayfin, who in sum provides USD595m in loan facilities, to extend their maturity to January 2023 and lower the minimum liquidity covenant to USD5m until maturity. The next step of the plan is to reach agreement with the yards

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Gabon offshore blocks draw attention from Japan

September 22, 2020
| Archives

H.E. Vincent de Paul Massassa, Minister of Oil, Gas and Mines of Gabon, has expressed his desire to see Japanese operators participate in the country’s ongoing bidding round for offshore and onshore petroleum blocks.  During a meeting in Libreville with the Japanese Agency for International Cooperation’s country representative, Yonezaki Eiro, H.E. Minister Massassa highlighted existing cooperation between Japan and

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Odfjell lands more work with Aker BP for the Deepsea Stavanger

September 22, 2020
| Archives

Aker BP and Odfjell Drilling have signed a contract that commits further work to Deepsea Stavanger under the existing Frame Agreement. The initial contract scope is five wells and has an estimated contract value of up to USD 44 million plus incentives. The contract is set to commence latest by end of Q3 2021, back-to-back with Deepsea Stavanger’s

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Exxon’s North Sea assets drawing attention as they hunt to unload the region

September 22, 2020
| Archives

Exxon Mobil’s UK North Sea assets have attracted interest from state-owned companies to private equity-backed firms as the they seek to exit the aging region altogether. China Petroleum & Chemical Corp., Kuwait Foreign Petroleum Exploration Co. and the UK’s EnQuest Plc are among bidders, the people said, asking not to be identified as the process isn’t public. Exxon

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Vantage grabs more work for the Emerald Driller

September 21, 2020
| Archives

Vantage Drilling recently updated their fleet status, highlights are below: Emerald Driller: One-year extension with client Total Soehanah: 35 day well plus mobilization with client Mubadala Petroleum subsidiary Pearl Oil (Sebuku) Ltd Source: Vantage Drilling LinkedIn

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