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Month: September 2020

Stena announces contract operator for Mexico using the IceMAX

September 21, 2020
| Archives

Stena Drilling are pleased to announce that following a competitive tender exercise, we have signed a new contract, with Repsol Exploracion Mexico S.A De C.V., and its partners PC CARIGALI MÉXICO OPERATIONS, S.A. DE C.V. (PETRONAS), SIERRA NEVADA E&P, S. DE R.L. DE C.V. (Wintershall Dea) and PTTEP MÉXICO E&P LIMITED, S. DE R.L. DE C.V.   The operations will be conducted with the StenaIceMAX to

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Shell’s energy transition project

September 21, 2020
| Archives

Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Shell’s new cost-cutting review, known internally as Project Reshape and expected to be completed this

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BP early terminates the Deepsea Aberdeen but Odfjell grabs 4 well deal with Wintershall Dea

September 21, 2020
| Archives

Odfjell Drilling Shetland Ltd has received a notice of early termination from BP Exploration Operating Company Ltd of the contract for semi-submersible Deepsea Aberdeen.The contract was originally due to expire in April 2022.  In accordance with the contract terms, Odfjell Drilling will be compensated with an early termination fee through monthly payments until April 2022. Concurrent with the

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Wood lands $42 million contract with Equinor

September 20, 2020
| Archives

Wood has secured a new $42m contract from international energy company Equinor on behalf of operator Gassco to provide EPCI (engineering, procurement, construction and installation) services at the Kollsnes gas processing plant in Norway. The contract will see Wood strengthen its onshore execution capabilities in Norway with the delivery of the Kollsnes MEG Upgrade (KMU) project, which includes

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Rig Lynx Weekly Rundown – Top 5 from week 38

September 20, 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 38, Sep 13 - Sep 19, we had 6.1k page views, below are the top 5 Have a great week ahead! Oh, we also give away $100 bucks each week for our "Most Active

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Borr Saga departs Singapore headed for Malaysia to start up with PTTEP

September 20, 2020
| Archives

The Borr Saga departed Singapore on Sunday September 13th after completing all contract preparation scopes for its upcoming contract start with PTTEP HKP in Malaysia The rig is the first of Borr drilling’s five Keppel FELS Super B Bigfoot class self-elevating units, having gone into service in 2017 and starting operations in January 2020. The rig arrived in

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Stena’s IceMAX departs Gibraltar

September 18, 2020
| Archives

Stena Drilling shared across the social media networking platform LinkedIn that the Ultra-deepwater drillship Stena IceMAX has departed Gibraltar and has set sail for Las Palmas, Gran Canaria. The rig has new work lined up in the Bahamas and in Mexican waters.

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Invictus Energy to Begin Oil and Gas Drilling in Zimbabwe

September 18, 2020
| Archives

Australian listed oil and gas exploration company Invictus plans to begin drilling Zimbabwe’s first oil and gas wells in the Muzarabani prospect in October next year. The project will cost approximately $15 million, with $3.5 million already invested towards the preliminary work and processing of secondary data to date. Petroleum giant ExxonMobil had previously conducted studies in the

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