March 2021 - Page 6 of 11

We categorically disagree with Engine No. 1s assertions about our board, says ExxonMobil

March 16, 2021

The activist investor leading a proxy fight to reshape Exxon Mobil Corp on Monday named the four directors it wants shareholders to remove at the oil company’s upcoming annual general meeting. The investor, Engine No. 1, is a small fund that last year took on the top U.S. oil producer for what it said was poor financial returns

Swift 10 reactivated for Wintershall

March 16, 2021

| Archives

The Swift 10 is a fully Dutch owned and operated rig, which together with Wintershall Noordzee, will focus on the safe, efficient, and economic plug and abandonment of offshore wells on the Continental Shelf of the Netherlands and Germany. The coming period the rig will be revitalized and will be restarted after its original 5 year LTI

Construction of East African Crude Oil Pipeline to Start Before April 2021

March 16, 2021

| Archives

Construction of the East African Crude Oil Pipeline (EACOP), 1,443km long, crude oil export pipeline system, is scheduled to start next month, a key Tanzanian official has announced. Palamagamba Kabudi, Tanzania’s Foreign Affairs minister, told journalists that actual construction of the project would start in the second week of March 2021. The $3.5Billion EACOP project is the midstream part

Nigerian Latest Bid Round, 161 companies awarded 57 marginal fields

March 16, 2021

| Archives

The Department of Petroleum Resources (DPR), Nigeria’s regulatory agency for the hydrocarbon industry, has distributed the third letter in the series of correspondences it has been sending to, apparently, the 161 companies selected as winners of interests in the 57 marginal fields on offer in the country’s second marginal field bid round. The third letter specifies the percentage

Mexico President on Pemex find

March 15, 2021

| Archives

Mexican President Andres Manuel Lopez Obrador said on Friday a “very large” oil discovery had been made in Tabasco, his home state in southern Mexico, as the government tries to revive crude output at state oil company Petroleos Mexicanos (Pemex). Lopez Obrador revealed the discovery during a regular morning news conference, but gave no further details. “We discovered a

Shell non-operated assets up for sale in Malaysia

March 15, 2021

| Archives

Royal Dutch Shell PLC’s Malaysia unit said it is considering selling its stakes in two production-sharing contracts it does not operate off the coast of Sarawak state. In a statement on Friday, Shell Malaysia said the decision to consider divestment options is part of Shell Group’s strategy to focus and increase resilience and competitiveness in its upstream business. The

U.K. lawmakers are considering a ban on new oil exploration licenses in the North Sea

March 15, 2021

| Archives

UK lawmakers are considering a ban on new oil exploration licenses in the North Sea as a move away from fossil fuels, a step that could hit jobs and the Scottish economy, the Telegraph reported. Britain is considering options that include ending permits in 2040, and an immediate temporary pause in licensing, the newspaper reported. It’s also possible

Discoverer Spirit

March 14, 2021

| Video Vault

Another beauty gone... retired This is Unocal's commercial video for the Discoverer Spirit Enjoy General Description: Design / Generation: Transocean Enterprise class Drillship Constructing Shipyard: Astano, Spain Year Entered Service / Significant Upgrades: 2000 Classification: DNV +1A1 Flag: Marshall Islands Dimensions: 835 ft. long x 125 ft. wide x 62 ft. deep Drafts: 42 ft. operating / 33 ft. transit Accommodation: 200 persons Displacement: 91,394 st operating Variable Deck: 20,000

Rig Lynx Weekly Rundown – Apache and Total stop drilling offshore Suriname due to blowout risk

March 13, 2021

| Weekly Rundown

Each week we share with you trending articles from the industry Apache and Total stop drilling offshore Suriname due to blowout risk As drilling progressed, the well encountered substantial pressure increases that APA and Total determined could ultimately exceed the capabilities of the wellbore design and pressure control equipment. Read More Apache and Total stop drilling offshore Suriname due to blowout

North America Rig Count: U.S. down 1 and Canada down 25

March 12, 2021

| Weekly Rig Count

Baker Hughes Rig Count: U.S. -1 to 402 rigs U.S. Rig Count is down 1 from last week at 402 with oil rigs down 1 to 309, gas rigs unchanged at 92, and miscellaneous rigs unchanged at 1. U.S. Rig Count is down 390 rigs from last year's count of 792, with oil rigs down 374, gas rigs down

Month: March 2021

We categorically disagree with Engine No. 1s assertions about our board, says ExxonMobil

Swift 10 reactivated for Wintershall

Construction of East African Crude Oil Pipeline to Start Before April 2021

Nigerian Latest Bid Round, 161 companies awarded 57 marginal fields

Mexico President on Pemex find

Shell non-operated assets up for sale in Malaysia

U.K. lawmakers are considering a ban on new oil exploration licenses in the North Sea

Discoverer Spirit

Rig Lynx Weekly Rundown – Apache and Total stop drilling offshore Suriname due to blowout risk

North America Rig Count: U.S. down 1 and Canada down 25

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