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Month: November 2020

No longer tolerate “diplomacy games” says Turkey’s President

November 16, 2020
| Archives

President Tayyip Erdogan said on Sunday that Turkey and breakaway Northern Cyprus will no longer tolerate “diplomacy games” in an international dispute over rights to offshore resources in the Eastern Mediterranean. On a visit to the island’s north, which only Ankara recognises as a state, Erdogan said peace and stability cannot be achieved in the region unless Turkey

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Brunei Shell exercises options for the Maersk Viking

November 16, 2020
| Archives

Brunei Shell Petroleum Company Sdn. Bhd. (BSP) has exercised the option to add exploration drilling of one deepwater well to the work scope of the 7th generation drillship Maersk Viking. The contract extension has an estimated duration of 35 days, with work expected to commence in May 2021 in direct continuation of the rig’s previously agreed work scope.

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Rig Lynx Weekly Rundown – Top 5 from week 46

November 16, 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 46, Nov 8 - Nov 14, we had over 6.2k page views and below are the top 5 News from Noble, Pacific, Borr and TechnipFMC Have a great week ahead! Noble preparing to emerge from

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Shelf Drilling fleet status update, new contracts awarded

November 13, 2020
| Archives

Fleet Status Update Recent Events Shelf Drilling Tenacious secured a contract from Masirah Oil in Oman commencing December 2020 with an initial firm term covering two wells. Rig completed contract with Dubai Petroleum in September 2020. Parameswara secured a contract with Adani in India commencing late November 2020 for one firm well plus one optional well. Trident VIII commenced new

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Shelf Drilling 3rd Q results highlights

November 13, 2020
| Archives

Shelf Drilling, Ltd. announces results for the third quarter of 2020 ending September 30.  David Mullen, Chief Executive Officer, commented: “The sequential declines in Revenue and EBITDA during the third quarter of 2020 reflect a number of drilling contracts which were suspended, terminated or not extended as a result of the COVID-19 pandemic and the subsequent deterioration in

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TechnipFMC delivers their largest subsea tree

November 13, 2020
| Archives

The equipment is about 30 tons heavier than conventional ones and was produced at the Manufacturing Hub Rio for phase 2 of Shell's Appomattox project. Another six similar units will be delivered by January 2022 as part of the local scope. The Appomattox tree was produced with a new concept. The equipment has different dimensions and design adjusted

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Petrobras delays Sete decision until January

November 13, 2020
| Archives

Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on September 28, 2020, informs that its Executive Board approved a new change in the deadline for certain conditions set forth in the agreement signed with Sete Brasil to be implemented. Thus, the effectiveness of the agreement and of the other related contracts will depend on the

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ENI exploration and development activity relaunch in Libya 2021

November 12, 2020
| Archives

As activity in Libya’s hydrocarbon sector resumes, read more on how Africa’s largest potential producer is harnessing its singular frontier potential to attract major operators and grow power generation, in a series of articles from the Africa Energy Series Special Report: Libya 2020. Following the resumption of oil activity from mid-October, Libya’s National Oil Corporation (NOC) recently met

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Slumping fuel consumption accelerating shift of refining capacity from North America and Europe to Asia

November 12, 2020
| Archives

Slumping fuel consumption during the pandemic is accelerating the long-term shift of refining capacity from North America and Europe to Asia, and from older, smaller refineries to modern, higher-capacity mega-refineries. The result is a wave of closures, often centering on refineries that only narrowly survived the previous closure wave in the years after the recession in 2008/09. Fuel consumption

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