February 2021 - Page 2 of 11

Petrobras launches tender for 5 offshore rigs

February 25, 2021

In the midst of the process of change in its high command, Petrobras launched this week a new tender that promises to move the market. The state-owned company published a public notice to contract up to five offshore drilling rigs. The opening of the envelopes with the bidders’ proposals is scheduled for March 15th. The vessels that

Norway offers 84 exploration blocks in 2021 licensing round

February 25, 2021

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Norway launched a consultation on Thursday on a 2021 licensing round in mature areas in which it offered 84 new blocks for petroleum exploration, including 70 in the Arctic Barents Sea. The maps attached to a statement by the Petroleum and Energy Ministry showed new blocks offered southeast of Bear Island, roughly half way between the Arctic Svalbard

Higher dayrates and more work for Transocean

February 25, 2021

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During Transocean’s last earnings call, CEO, Jeremy Thigpen, said that, just last week, BHP exercised one of its options on the 2014-built Deepwater Invictus drillship at an increased day rate of $215,000. The last fleet status report, published earlier in February, shows that the rig’s previous day rate under the contract with BHP was $155,000 for operations in Trinidad where BHP failed to find

Mozambique scaling up local content with influx of new investment

February 24, 2021

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Mozambique is experiencing an influx of investment across energy, agriculture, tourism, construction and mining sectors, positioning the country for transformative economic growth. The benefits of ongoing megaprojects, however, have the potential to extend beyond government revenues and critical infrastructure and to local capacity building and the assurance of sustainable socioeconomic improvement. In a bid to increase country-wide

Kosmos Provides Africa Results and 2021 Operational Plans

February 24, 2021

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In its Q4 Highlights and 2020 Results, Dallas-based Kosmos Energy provided update on its operations and future plans in Equatorial Guinea, Ghana, and Mauritania/Senegal where it is partnered on the mega Phase 1 of the Greater Tortue Ahmeyim project. Production in Equatorial Guinea averaged approximately 31,200 bopd gross and 10,500 bopd net in the fourth quarter of 2020.

Creditors for Seadrill New Finance Limited agree on forbearance

February 24, 2021

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Seadrill Limited announces that Seadrill New Finance Limited (the “Issuer”), a subsidiary of the Company, has agreed to extend the existing forbearance agreement announced on 11 February 2021 with respect to the 12.0% senior secured notes due 2025 (the “Notes”) with certain holders of the Notes (the “Note Holders”). Pursuant to the forbearance agreement, as extended, the consenting

Petronas announces two new discoveries

February 24, 2021

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Petronas announced today two separate finds have been made, one is the oil discovery at the Hidayah-1 exploration well in Indonesia through its subsidiary PC North Madura II Ltd. “The well encountered an oil-bearing carbonate build-up with good reservoir qualities in the Ngimbang carbonate formation and tested at approximately 2,100 BOPD (barrels of oil per day) with good

Exxon Mobil will sell off over $1 billion in UK and North Sea assets to HitecVision

February 24, 2021

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Exxon Mobil Corp will sell non-operating interest in its UK and North Sea exploration and production assets to private-equity fund HitecVision for more than $1 billion, as the oil major seeks to free up cash and focus on some mega projects. The deal includes holdings in 14 producing fields, operated primarily by Shell, as well as interests in

U.K.s Premier Oil will re-emerge as Harbour Energy Plc April 1

February 24, 2021

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Premier Oil Plc, the indebted North Sea driller being swallowed by Chrysaor Holdings Ltd., will re-emerge as the largest independent oil and gas producer among UK stocks just as the global crude market roars back. With the takeover expected to complete by the end of March, Premier will start trading under its new name, Harbour Energy Plc, on

The Discoverer Deep Seas

February 23, 2021

| Video Vault

Although retired, we wanted to share with you one of the most capable rigs to ever hit the water, the Discoverer Deep Seas Enjoy General Description: Design / Generation: Transocean Enterprise class Constructing Shipyard: Astano, Spain Year Entered Service / Significant Upgrades: 2001 Classification: DNV +1A1 Flag: Marshall Islands Dimensions: 835 ft. long x 125 ft. wide x 64 ft. deep Drafts: 42 ft. operating /

Month: February 2021

Petrobras launches tender for 5 offshore rigs

Norway offers 84 exploration blocks in 2021 licensing round

Higher dayrates and more work for Transocean

Mozambique scaling up local content with influx of new investment

Kosmos Provides Africa Results and 2021 Operational Plans

Creditors for Seadrill New Finance Limited agree on forbearance

Petronas announces two new discoveries

Exxon Mobil will sell off over $1 billion in UK and North Sea assets to HitecVision

U.K.s Premier Oil will re-emerge as Harbour Energy Plc April 1

The Discoverer Deep Seas

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