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Month: April 2021

Nigeria to kick off 100 Oil & Gas projects between 2021 and 2025

April 20, 2021
| Archives

As sub-Saharan Africa’s leading oil producer, Nigeria is expected to commence operations on 100 oil and gas projects between 2021 and 2025. According to data from analytics company, GlobalData, this will account for 23% of total oil and gas projects starting in Africa within the next five years.  Of these 100 projects, petrochemicals will account for the largest individual share

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Eni looks at oil spin-offs to tackle debt in energy transition

April 20, 2021
| Archives

Italy’s Eni is considering spinning off oil and gas operations in West Africa and the Middle East into new joint ventures to help reduce debt and fund its shift to low-carbon energy, according to company and industry sources. The move is part of a major overhaul the company launched last year as it transitions into renewables and a

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Maersk awarded intervention contract for the Developer

April 20, 2021
| Archives

Maersk Drilling has been awarded a contract with Karoon Energy Ltd for the semi-submersible rig Mærsk Developer to perform well intervention on four wells at the Baúna field offshore Brazil. The contract is expected to commence in the first half of 2022, with a firm duration of 110 days. The value of the firm contract is approximately

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Seadrill Limited replaces forbearance agreement

April 19, 2021
| Archives

Seadrill Limited announces that Seadrill New Finance Limited, a subsidiary of the Company, has agreed to replace the existing forbearance agreement announced on 11 February 2021, and extended on 23 February 2021, 9 March 2021 and 23 March 2021 with a new forbearance agreement, with respect to the 12.0% senior secured notes due 2025 with certain holders

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Ramco awarded 3 year contract in Senegal

April 19, 2021
| Archives

Ramco Tubular Services (Ramco), a leading specialist in the care and maintenance of oil country tubular goods (OCTG), has recently secured a seven-figure, three-year contract in Senegal with a leading global supplier of steel tubular products. The contract will see Ramco supply its latest generation pipe care unit, PCU4. An automated OCTG wash and rig ready prep system,

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Petroserv awarded extension for SSV Louisiana

April 19, 2021
| Archives

Petroserv's semisub Louisiana has been awarded a 385-days extension from ONGC. The semisub has been under a three-year contract with ONGC in India, starting in April 2018 and ending in April 2021. The extension will see the rig working until May 2022. Source: Esgian Join our mailing list here

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Awilco awarded exploratory work with Ithaca

April 19, 2021
| Archives

Awilco Drilling PLC is pleased to confirm that a contract has been signed with Ithaca Oil and Gas Limited for the provision of WilPhoenix for a single exploration well at Fotla in Block 22/1b. The well will commence no earlier than 31st May 2021. WilPhoenix is one of Awilco Drilling’s two Enhanced Pacesetter semi-submersibles and is equipped for drilling

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Shell to return to Brazils Campos Basin later this year

April 19, 2021
| Archives

The president of the oil company in Brazil, André Araújo, participated in a conversation with journalists and revealed that the company hired the rig West Tellus, which will start an exploratory campaign from the second semester in the Campos Basin. The works will be carried out in Parque das Conchas (BC-10) and also in block C-M-791 (won

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