January 2021 - Page 3 of 11

Odfjell signs LOI with Lundin for the Deepsea Stavanger

January 25, 2021

Lundin Energy Norway and Odfjell Drilling have signed a letter of intent for the use of Deepsea Stavanger. The letter of intent is subject to finalization of contract and final approvals from involved parties. The contract is set to commence in Q3 2021 with a duration of one (1) firm well plus eight (8) optional wells. The

Diamond Offshore enters Chapter 11

January 25, 2021

| Archives

Diamond Offshore Drilling, Inc. ("Diamond" or the "Company") today announced that it has entered into a plan support agreement with holders of over 70% of each of its senior unsecured notes and revolving credit facility loans regarding a financial restructuring transaction that will significantly deleverage the Company's balance sheet and position the Company for future growth. As previously

Hess to spend $1.9 bln in 2021

January 25, 2021

| Archives

U.S. oil producer Hess Corp said on Monday it expects to spend $1.9 billion in 2021 and more than 80% of the budget will go to Guyana and the Bakken oil play. The company forecast net production to average about 310,000 barrels of oil equivalent per day (boepd) in 2021, excluding Libya, slight below company’s 2020 estimate of

Cairn Energy threatens to enforce arbitration award against Indian assets overseas

January 25, 2021

| Archives

Cairn Energy has begun to take steps to identify Indian assets overseas against which it can enforce the $1.2 billion award it won last month in a treaty arbitration case against the South Asian nation, according to a letter seen by Reuters. Cairn was awarded damages of over $1.2 billion plus interest and costs in a long drawn-out

SpaceX Plans to Drill for Natural Gas Next to Texas Launchpad

January 25, 2021

| Archives

Elon Musk recently moved to Texas, where he launches some of his rockets and is building a battery factory. Now, for good measure, he plans to drill for natural gas in the state. The billionaire’s SpaceX intends to drill wells close to the company’s Boca Chica launchpad, it was revealed during a Friday hearing before the Railroad Commission

Rig Lynx Weekly Rundown – Valaris 8500 and 8501 will be converted by SpaceX

January 25, 2021

| Weekly Rundown

Valaris 8500 and 8501 will be converted by SpaceX Elon Musk’s SpaceX bought two deepwater rigs last year and is converting them into floating launchpads, to support the enormous Starship rockets that the company is developing. Valaris 8500 and 8501 will be converted by SpaceX Canada gives approval for three offshore drilling projects Canada’s Minister of Environment and Climate Change, Jonathan Wilkinson, announced

South Sudan, Licensing 2021, Bp and Sonangol, Maersk, Total and Apache in Suriname WEST AFRICA WEEKLY EP 3

January 25, 2021

| West Africa Weekly

Greg and Arvy talk Oil Prices, South Sudan, Licensing Rounds 2021, Bp and Sonangol Angola, Maersk, Total and Apache in Suriname SUBSCRIBE TO THE PODCAST: https://www.spreaker.com/show/west-africa-weekly LISTEN ON: ITUNES: https://podcasts.apple.com/us/podcast/west-africa-weekly/id1547856250 SPOTIFY: https://open.spotify.com/show/6PLPUWNRFumBHcJzUIQSps 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 in each Thursday at 8:00 am CST on Facebook, LinkedIn, YouTube and Periscope for our next episode! Rig Lynx LLC nor Arvy Nahar

KXL Pipeline, Biden Suspends Permitting, SpaceX, Electric Frac, Mets GM did not Last 37 Days OVERTIME EP 8

January 25, 2021

| OVERTIME

Greg and Ryan talk KXL Pipeline, Biden Suspends Federal Permitting, SpaceX Converts Old Rigs, Electric Frac, US Rejoin WHO, Saints and Drew Brees, New Mets GM Didn’t Last 37 Days 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 in each Thursday at 10:00 am CST on Facebook, LinkedIn, YouTube and Periscope for

Recon Africa Kavango Basin seismic update

January 22, 2021

| Archives

Reconnaissance Energy Africa Ltd. (ReconAfrica) announced that it has commenced the permitting process for the acquisition of 450 kilometers of 2D seismic data in the deep Kavango Basin in the Kalahari Desert of North East Namibia. To execute the program, the company has contracted Polaris Natural Resources Inc. As a result of a competitive bidding process, ReconAfrica has

Subsea 7 awarded contract offshore Angola

January 22, 2021

| Archives

Subsea 7 today announced the award of a substantial(1) contract by Cabinda Gulf Oil Company Limited (CABGOC). The contract is for the Sanha Lean Gas Connection (SLGC) project comprising the construction and installation of the Lean Gas Platform (LGP) system in Block-0 offshore Angola, at a water depth of approximately 70 meters. Project management and engineering will be performed

Month: January 2021

Odfjell signs LOI with Lundin for the Deepsea Stavanger

Diamond Offshore enters Chapter 11

Hess to spend $1.9 bln in 2021

Cairn Energy threatens to enforce arbitration award against Indian assets overseas

SpaceX Plans to Drill for Natural Gas Next to Texas Launchpad

Rig Lynx Weekly Rundown – Valaris 8500 and 8501 will be converted by SpaceX

South Sudan, Licensing 2021, Bp and Sonangol, Maersk, Total and Apache in Suriname WEST AFRICA WEEKLY EP 3

KXL Pipeline, Biden Suspends Permitting, SpaceX, Electric Frac, Mets GM did not Last 37 Days OVERTIME EP 8

Recon Africa Kavango Basin seismic update

Subsea 7 awarded contract offshore Angola

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