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Month: March 2021

Eni requests to pay US $14 million to settle investigation in Congo

March 19, 2021
| Archives

Italian energy group Eni said on Thursday it had filed a request with prosecutors in Milan to pay 11.8 million euros ($14 million) to settle an investigation into oil permits in Congo Republic. “Eni is pleased to note that the allegations of international corruption ceased to exist. Following the reduction of the alleged offence ... Eni adhered to

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Vantage secures contracts for the Aquamarine Driller and Pearl Driller

March 19, 2021
| Archives

During its Q4 2020 financial results call, Vantage Drilling reported the following highlights: Aquamarine Driller Awarded 8-month contract with an undisclosed operator Contract to commence 2nd quarter 2021 Pearl Driller Short term contract awarded with an undisclosed operator Contract to commence in June 2021 Previously Reported – Platinum Explorer Awarded 2-year contract with ONGC commencing in the 3rd quarter 2021 Ihab Toma, CEO, commented: “2020 was

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Sparrows lands three contracts in Angola

March 18, 2021
| Archives

Sparrows Group (Sparrows) has secured one contract renewal and two extensions, worth a seven-figure sum, in Angola to support major operators in the deepwater region. The first award is a three-year renewal to continue with the planned and corrective maintenance of all lifting equipment used on four floating production storage and offloading (FPSO) vessels in the country. This

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Guyana President says an additional 10 wells to be drilled in 2021

March 18, 2021
| Archives

Guyana’s President Irfaan Ali said on Wednesday that the first phase of the Liza offshore crude project had achieved its intended full production capacity of around 130,000 barrels per day (bpd). Ali told the Guyana Basins Summit that he expected an additional 10 exploration and appraisal wells to be drilled off the South American country’s shores this year.

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Milan acquits Eni and Shell in Nigerian corruption case

March 18, 2021
| Archives

A Milan court acquitted energy company Eni, its chief executive and Royal Dutch Shell on Wednesday in the oil industry’s biggest corruption case revolving around the $1.3 billion acquisition of a Nigerian oilfield a decade ago. The sentence, read out in court by judge Marco Tremolada, came more than three years after the trial first began and after

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Equinor adds on more work for the Deepsea Atlantic

March 17, 2021
| Archives

Equinor has exercised one new 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 part of the overall Master Frame Agreement. The work shall commence after the completion of the current scope estimated to be in Q2/Q3 2021. The commercial

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Odebrecht Lands US $920 Million Cabinda Oil Refinery Contract

March 17, 2021
| Archives

Brazilian conglomerate, Odebrecht, has recently won a contract for the construction of an oil refinery in the Cabinda province of Angola. The US$920 million project will be undertaken by Odebrecht Engineering and Construction Company with installation works expected to commence between April and May of 2021 and project completion expected in 2022. The project will be initiated within

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Topaz Driller lines up to spud in for ENI and Novatek in Montenegro

March 17, 2021
| Archives

A consortium of Italy's Eni and Russia's Novatek plans to start on March 25 the first exploratory oil and gas drilling offshore Montenegro under a concession contract signed in 2016, a government official said. "A fairly large oil deposit is expected. We are all optimists. After six months, when we touch the bottom of the well will we

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Petrofac barred from competing for new contracts in the UAE

March 17, 2021
| Archives

Petrofac said it was barred from competing for new contracts in the UAE, months after a former executive of the oilfield services provider pleaded guilty in Britain over bribery charges. London-listed Petrofac shares fell as much as 12 percent to hit session lows on Monday after the company said UAE’s state-backed oil firm, ADNOC, had notified it of

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