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Month: January 2021

New well for Deepsea Atlantic

January 19, 2021
| Archives

Reference is made to the press release of 18 December 2020 whereby Equinor exercised 2 new wells under the Master Frame Agreement. Please be advised that Equinor has now exercised one additional well for Deepsea Atlantic. The well has been exercised under the Continued Optionality mechanism in the contract entered into between the parties in May 2018, as

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Norway awards oil and gas exploration rights to 30 firms

January 19, 2021
| Archives

Norway awarded 61 offshore exploration blocks to 30 oil firms in its latest pre-defined areas (APA) licensing round as it seeks to find more resources close to existing fields, Energy Minister Tina Bru said on Tuesday. Norway, which began to extract oil and gas from its offshore continental shelf 50 years ago, believes it has still only pumped

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Borr gets support from creditors on liquidity plan

January 19, 2021
| Archives

Borr Drilling Limited is pleased to confirm that the liquidity improvement plan announced in December 2020 has received support from its creditors, including: The $400m syndicated bank facilities maturity deferred to January 2023 The $195m Hayfin facility maturity deferred to January 2023 $760m PPL facilities maturity amended to May 2023, with interest payments deferred until March 2023, except $6m payment

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Halliburton fully electric fracking package delivered to Climarex Energy

January 18, 2021
| Archives

Halliburton Co. is swapping diesel-powered engines for grid-supplied electricity in the Permian Basin, the latest example of how the U.S. shale industry is looking for ways to reduce emissions amid heightened scrutiny from investors. The world’s biggest fracking services provider has deployed the industry’s first grid-powered fracking operation on behalf of Cimarex Energy Co., according to a statement

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BP Inks Agreement with Sonangol Over Offshore Block 18

January 18, 2021
| Archives

British multinational BP has signed an agreement with national oil company Sonangol for the development of the Platina field located in Block 18 offshore Angola. The Platina field – which represents the next development in the block – will be developed as a subsea tie-back to the existing Greater Plutonio floating production, storage and offloading unit. Under the agreement,

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Awilco awarded LNG carrier contract

January 18, 2021
| Archives

Awilco LNG ASA is pleased to announce that the 2013-built 156,000 cbm TFDE WilPride today has been committed on an 2-3 month time charter contract with expected gross revenues of between USD 10.3 million and USD 14.3 million. With forecasted all-in cash break-even of about USD 58,000 per day per vessel in 2021 the contract is estimated

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Maersk firms up two rig contract offshore Suriname

January 18, 2021
| Archives

Based on the previously announced Conditional Letter of Award, Maersk Drilling has been awarded contracts for the deepwater rigs Maersk Valiant and Mærsk Developer from Total E&P Suriname, Suriname Branch, for Total’s exploration and appraisal project in Suriname’s Block 58. Mærsk Developer and Maersk Valiant will be employed for an estimated combined total duration of 500 days. Mærsk Developer

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Rig Lynx 2020 Reach Report

January 17, 2021
| Case Studies

Each year we publish our Reach Report, it details our facts, application, social media and website data, all public and fully transparent. Get in touch with us today to learn what we can do for your small to mid-sized business! You can view and download the report here Join our mailing list here

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