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Month: February 2021

Seadrill awards Energy Drilling with Asset Management Agreement

February 5, 2021
| Archives

Energy Drilling Management Pte Ltd (EDMPL) has entered into a Management Agreement with Seadrill Partners LLC (SDLP) to maintain, market and operate the tender rigs Seadrill-T15, Seadrill-T16 and West Vencedor, on their behalf, effective 3rd February 2021. After the transaction, EDMPL will effectively market and eventually operate a fleet of six tender rigs comprising of four barge-type and

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Equinor makes oil discovery near Norway’s Troll field

February 5, 2021
| Archives

Equinor has made a new oil discovery near Norway’s giant Troll oil and gas field together with partners DNO, Wellesley and Petoro, the Norwegian Petroleum Directorate said on Friday. Equinor said in a separate statement the reservoir was expected to contain between 44 million and 69 million barrels of oil equivalent. Source: Equinor Join our mailing list here

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Chevron Announces Offer to Acquire Noble Midstream Partners

February 5, 2021
| Archives

Chevron Corporation (NYSE: CVX) announced today that it has submitted a non-binding proposal to the Board of Directors of Noble Midstream GP LLC, the general partner of Noble Midstream Partners LP (NASDAQ: NBLX), to acquire all of the publicly held common units representing limited partner interests in NBLX not already owned by Chevron and its affiliates (the

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Maersk Integrator awarded two-well contract

February 5, 2021
| Archives

Maersk Drilling has secured an additional two-well contract for the low-emission rig Maersk Integrator with Aker BP. The plan is that in direct continuation of the rig’s previously announced work scope with a different operator, Maersk Integrator will return to Aker BP’s Ivar Aasen field for a two-well campaign expected to commence in Q3 2021. The contract has an

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We are not Criminal Investigators, Sonatrachs MOU, Nigerias Methanol Plant WEST AFRICA WEEKLY EP 5

February 5, 2021
| West Africa Weekly

Listen to "EP 5: Sonatrach’s New MOU, Nigeria’s First Methanol Plant, Exxon Court Summons, Cameroon with Victoria Oil and Gas, GE Senegal Power Plant" on Spreaker. Greg and Arvy talk Oil Prices, Sonatrach’s New MOU, Nigeria’s First Methanol Plant, Exxon Court Summons, Cameroon with Victoria Oil and Gas, GE to Supply Senegal Power Plant We are not criminal investigators… SUBSCRIBE

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Perisai Offshore awarded jackup work from Petrofac

February 4, 2021
| Archives

The Board of Directors (“Board”) of Icon Offshore Berhad (“ICON/Company”) is pleased to announce that its new subsidiary company, POSB has received an award for the provision of one (1) jack-up drilling rig namely Perisai Pacific 101 (“PP101 Rig”), from PETROFAC. POSB is a new subsidiary which was recently acquired by ICON, via the completion of 51% shares

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Reliance’s unit to sell off Marcellus shale play for $250 million

February 4, 2021
| Archives

Reliance Industries Ltd said on Thursday its unit will sell its interest in certain upstream assets in the Marcellus shale in the United States for $250 million in cash to Northern Oil and Gas Inc. The assets, currently operated by various affiliates of EQT Corp, will be sold for the cash consideration and warrants, that will allow for

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Seadrill given more time on the restructure from 9 of the 12 creditors

February 4, 2021
| Archives

Seadrill Limited announces that it has entered into a forbearance agreement with certain creditors in respect of nine out of the group's twelve senior secured credit facility agreements. The purpose of the forbearance agreement is to allow the Company and its stakeholders more time to finalize negotiations on the head terms of a comprehensive restructuring of its balance

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