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Month: December 2020

More work for Deepsea Atlantic

December 21, 2020
| Archives

Equinor has exercised two new wells for Deepsea Atlantic. The wells have been exercised under the continued optionality mechanism in the contract entered into between the parties in May 2018, as part of the overall Master Frame Agreement. The work shall commence after the completion of the current scope estimated to be in Q1 2021. The commercial terms

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Rig Lynx Weekly Rundown – Top 5 from week 51

December 21, 2020
| Weekly Rundown

If you missed any of the trending articles from last week, we got them all here for you For week 51, Dec 13 - Dec 19, we had over 5k page views and below are the top 5 News from Pacific, MHWirth, Vantage, Exxon and Odfjell Have a great week ahead! Pacific Drilling receives overwhelming acceptance for plan of reorganization MHWirth receives suspension notice

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2021 Foreign investment in oil and gas expected to hit $1.1 billion in Equatorial Guinea

December 18, 2020
| Archives

Equatorial Guinea’s Ministry of Mines and Hydrocarbons (MMH) will target increased foreign capital and E&P activities in 2021, following its recent evaluation of 2021 Work and Budget Programs. The MMH forecasts foreign direct investment for 2021 of approximately $1.1 billion, comprising $832.4 million in firm commitments and $370.6 million in contingent investment. As a result of augmented investment inflows,

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Energean acquires Edison E&P

December 18, 2020
| Archives

Energean plc is pleased to announce that it has completed its acquisition of Edison Exploration & Production S.p.A. ("Edison E&P") from Edison S.p.A. ("Edison"). The gross consideration for the transaction, as at the locked box date of 1 January 2019, is $284 million and the final net consideration (net of cash acquired), as of today, is $203

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Oil, Market, North Face Hates Oil, and Jake Paul calls Conor out with $50 milli

December 18, 2020
| OVERTIME

Greg and Ryan talk oil prices, market sentiment, G20 Climate Summit, Vatican Going Net Zero, Bitcoin Tops 20k, North Face Hates Oil and Gas, Vaccine, Disney’s New Lineup and Jake Paul has a bag of bills. SUBSCRIBE TO THE PODCAST ? https://www.spreaker.com/show/overtime_16 LISTEN ON: ITUNES ? https://podcasts.apple.com/us/podcast/overtime/id1543586841 SPOTIFY ? https://open.spotify.com/show/011NdEFDU9kjroD2C6WJZR?si=p6H58eTDR-6FwiH7uB5KaA YouTube ? https://www.youtube.com/c/RigLynx ADD US ON: LINKEDIN: https://www.linkedin.com/company/rig-lynx ADD US ON: INSTAGRAM: https://www.instagram.com/riglynx/ Tune

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Pacific Drilling receives overwhelming acceptance for plan of reorganization

December 17, 2020
| Archives

Pacific Drilling S.A. announced today the final voting results on the First Amended Joint Plan of Reorganization of Pacific Drilling S.A. and its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code (the “Plan”). The voting results indicate overwhelming acceptance of the Plan by the two classes entitled to vote on the Plan. The Company has received votes

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Far gets $159 million buyout call from Remus Horizons

December 17, 2020
| Archives

Oil and gas explorer Far Ltd said on Thursday it received a A$209.6 million ($159.15 mln) all-cash takeover proposal from private investment firm Remus Horizons PCC Ltd. The offer values Far at 2.1 Australian cents per share, representing a premium of 90.9% to the company’s shares last closing price of 1.1 Australian cents. Cash-strapped Far has struggled due to

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