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Month: May 2021

Sonatrach Signs MoU on E&P with Equinor

May 17, 2021
| Archives

Sonatrach and its Norwegian partner Equinor signed a Memorandum of Understanding in order to examine cooperation opportunities in the fields of exploration and production of hydrocarbons in Algeria and abroad, the protection of the environment, new technologies and operational performance. The signing of this protocol aims to strengthen the existing partnership between Sonatrach and Equinor, through the search

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U.S. Supreme Court backs energy companies in climate case

May 17, 2021
| Archives

The U.S. Supreme Court on Monday ruled in favor of BP PLC, Chevron Corp, Exxon Mobil Corp, Royal Dutch Shell PLC and other energy companies contesting a lawsuit filed by the city of Baltimore seeking monetary damages from them due to costs caused by global climate change. The 7-1 ruling, authored by conservative Justice Neil Gorsuch, came on

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Maersk Drilling sells two jackups for $31M cash

May 17, 2021
| Archives

Maersk Drilling has sold the jack-up rig Maersk Guardian (now named Guardian) to New Fortress Energy, and the parties have further entered into an agreement about the sale of the jack-up rig Mærsk Gallant with anticipated closing in June 2021. The total sales price for the two rigs is USD 31m in all-cash transactions. The new owner will

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Maersk Drilling grabs contract with INEOS

May 17, 2021
| Archives

Maersk Drilling has secured a contract from INEOS Oil & Gas UK to employ the harsh-environment jack-up rig Maersk Resolve for drilling and hydraulic stimulation at the Breagh Alpha A11 well in block 42/13 of the UK North Sea. The contract is expected to commence in Q3 2021, in direct continuation of the rig’s current work scope,

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Shell Exits Upstream Tunisia, ReconAfrica Spud In, Petrofac Contract, Frontier Resources and Namibia WAW 11

May 15, 2021
| West Africa Weekly

Listen to "EP 11: Shell Exits Upstream Tunisia, ReconAfrica Spud In, Petrofac Contract, Frontier Resources and Namibia" on Spreaker. Join Greg for another episode of West Africa Weekly! This week: -Oil Prices -Shell Signals Exit from Upstream Activities in Tunisia -ReconAfrica Spuds Second Well in Kavango Basin, Namibia -Petrofac Secures Contract for BP Project in Mauritania and Senegal -Frontier Resources Makes Find Offshore

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Special Episode: Exxon and Engine No. 1

May 15, 2021
| OVERTIME

Listen to "Special Episode - Exxon and Engine No.1" on Spreaker. Join Greg and Ryan for a special episode of Overtime! -Oil Prices -Exxon and Engine No. 1 With all the media buzz about Exxon and Engine No. 1 we put together a white paper and special episode of Overtime to engage thought about what the impact of green energy and renewables will be on some

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White Paper: Exxon Mobil – Why Engine No. 1

May 15, 2021
| White Papers

With all the media buzz about Exxon and Engine No. 1 we put together a white paper and held a special episode of Overtime to engage thought about what the impact of green energy and renewables will be on some other less fortunate countries in the world. For the record we are pro-oil and gas, not pro-ExxonMobil, we

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Upstream spending may struggle to recover to pre-pandemic levels

May 14, 2021
| Archives

The toll of the Covid-19 pandemic on upstream investments in the first two years of the downturn is estimated at a whopping $285 billion, and although spending will slowly start to rise from 2022, it will not reach pre-crisis levels in the coming period, according to a Rystad Energy report. The shale sector has been the most

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Seadrill JV Sonodrill awarded 12 well contract for the Quenguela

May 14, 2021
| Archives

Seadrill Limited is pleased to announce a new contract has been secured by Sonadrill Holding Ltd (“Sonadrill”), the 50:50 joint venture with an affiliate of Sonangol E.P. (“Sonangol”). Sonadrill has secured a twelve well contract with one option for nine wells and eleven one well options in Angola for the Sonangol Quenguela drillship. Total contract value for

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