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Month: January 2021

International Rig Count Drops 4 Units in December

January 8, 2021
| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for December was 665, down 4 units from the count in November and down 439 units from the 1,104 counted in December 2019. Latin America is up 8 units to 109 from the November count of 101 units and is down 82 units year-over-year. The Asia-Pacific region remained unchanged at 164 for the November count

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Odfjell Tankers launches bond initiative tied to carbon cutting goals

January 8, 2021
| Archives

Norway’s Odfjell, the parent company of the chemical tanker and terminal operator, is launching a debt financing using an innovative new bond instrument linked to the company’s ability to achieve its sustainability goals reducing the carbon intensity of its tanker operations. The innovative bond structure introduced to the capital markets in 2020 is designed to appeal to

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Deepsea Yantai books two more wells with Neptune Energy

January 8, 2021
| Archives

Odfjell Drilling and CIMC Raffles are pleased to announce that Neptune Energy Norge has extended the contract for the Deepsea Yantai with an additional 2 wells securing that the rig is fully occupied through 2021. The extension is made so that the rig can conduct further work in the Dugong area where Neptune Energy successfully drilled a well

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LNG to Power a sub-Saharan first in Ghana

January 8, 2021
| Archives

Ghana is set to open sub-Saharan Africa’s first liquefied natural gas-to-power project as it moves to position itself as a hub for the cleaner and cheaper fuel in the region. LNG-to-power projects have been booming from Asia to Latin America in recent years as they allow nations to switch from dirtier fossil fuels to keep the lights on.

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Mozambique, ssLNG, Nigeria Harper Basin and Liberia WEST AFRICA WEEKLY EP 1

January 8, 2021
| West Africa Weekly

Greg and Arvy talk Oil Prices, Mozambique, ssLNG, Nigeria’s Harper Basin and Liberia – WEST AFRICA WEEKLY Ep 1 SUBSCRIBE TO THE PODCAST: https://www.spreaker.com/show/west-africa-weekly 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 own any of the clips

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Prosafe lands contract for the Concordia

January 7, 2021
| Archives

Prosafe has signed a contract to provide accommodation and construction support using the Safe Concordia in Trinidad and Tobago in Q2 2021. Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS. Source: Prosafe Join our mailing list here

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Total Enters a New Operated Exploration Permit in Egypt

January 7, 2021
| Archives

An international consortium led by Total (Total 35% Operator, Shell 30%, KUFPEC 25%, Tharwa 10%) and the Egyptian Natural Gas Holding company (EGAS) have signed an exploration and production agreement for the North Ras Kanayis Offshore block located in the Herodotus Basin, offshore Egypt in the Mediterranean Sea. This exploration block covers an area of 4,550 sq km,

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Brava Star awarded multi-year contract

January 7, 2021
| Archives

The Brava Star has been awarded a contract with Petrobras S.A. (“Petrobras”). The contract has an estimated duration of 810 days and includes a termination for convenience after 180 days subject to a demobilization fee. Work scope is in water depths up to 3,048m, and includes a full integrated package of services plus MPD. The work will

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