May 2021 - Page 6 of 10

Frontier Resources makes find offshore Namibia

May 14, 2021

Houston-based international gas exploration company Frontier Resources International has announced active hydrocarbon system in Namibia while providing an operational update on its activities in southern African country. Interpretation of high-resolution magnetic data has revealed several deep-seated basement structures. Frontier’s Blocks 1723, 1724 and 1823 are in the Caprivi Basin in Northern Namibia covering an area of approx. 6,427 sq kms. A two-year Reconnaissance

Shearwater awarded new seismic work offshore Brazil from Petrobras

May 14, 2021

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Shearwater GeoServices Holding AS announced the award of a 4D monitoring contract for towed streamer seismic acquisition in the Campos Basin offshore Brazil. These 3D and 4D programs will be conducted over 9-months by the SW Empress, over the Marlim, Albacora, and Voador fields, starting in late Q2 2021. 4D time-lapse seismic monitoring is a key reservoir management tool.

Awilco issued their Q1 report, here are the highlights

May 14, 2021

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Awilco issued their Q1 report, here are the highlights: Awilco Drilling PLC reports contract revenue of USD 12.6 million (USD 8.6 million Q4), EBITDA of USD 3.7 million (USD 2.6 million loss in Q4) and a net profit of USD 1.3 million, (USD 152.9 million loss in Q4). Revenue efficiency was 87.5% during the quarter (54.1% in Q4)

Maersk Drilling secures one-well contract extension with Total in Suriname

May 14, 2021

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Total E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional appraisal well in Suriname’s Block 58 to the work scope of the semi-submersible rig Maersk Developer. The contract extension has an estimated duration of 100 days, with work expected to commence in end-May 2021 in direct continuation of the rig’s previously

Get Paid to Take Naps, Oil Prices, Hacked Pipeline, Int Market, Naga 7, NFL Disability, UFC OT EP 18

May 11, 2021

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Listen to "Ep 18: Get Paid to Take Naps, Oil Prices, Hacked Pipeline, Intl Market Recovery, Naga 7 Punch Through, NFL Short Term Disability, UFC 262" on Spreaker. Join Greg and Ryan for another episode of Overtime! -Oil Prices -Hacked Pipeline -International Market Recovery -Naga 7 Punch Through -NFL Don’t Pay Short Term Disability -Kyrie Irving Does Not Talk to Pawns -UFC 262 -BKFC 17 & 18 -Get Paid to Take

Tullow Oil Emerges from Overhaul with $1.8B Bond. No More Asset Sales Planned, CEO Says

May 11, 2021

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Tullow Oil's $1.8 billion bond, which was launched to help it manage a $2.4 billion debt pile, drew more interest from investors than expected after the Africa-focused producer's financial overhaul, the chief executive said on Friday. Rahul Dhir also told Reuters the firm did not plan to sell more oil and gas fields after disposing of assets worth

Oil Majors could see proven reserves run out in less than 15 years as output is not replaced by discoveries

May 11, 2021

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The proven oil and gas reserves of the group of major companies are falling at an alarming rate, as produced volumes are not being fully replaced with new discoveries. A Rystad Energy analysis shows that Big Oil lost 15% of its stock levels in the ground last year, with remaining reserves set to run out in less

SDPL bags 4 well deal for the West Capella

May 11, 2021

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Seadrill Partners LLC has secured a four well contract plus an option for up to seven additional wells for the West Capella in Malaysia. Total Contract Value for the firm portion of the contract is expected to be approximately $43 million with commencement expected in May 2021 and running to November 2021. Source: Seadrill Partners Join our mailing list

Shelf Drilling First Quarter Highlights

May 11, 2021

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Shelf Drilling, Ltd. announced results for the first quarter of 2021 ending March 31. David Mullen, Chief Executive Officer, commented: “We delivered good operational and financial performance in the first quarter of 2021 despite the very challenging environment imposed by the COVID-19 pandemic. The recent surge in infections has been particularly harmful in several of the geographies

Petrofac secures contract for BP project in Mauritania and Senegal

May 10, 2021

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Petrofac has secured a contract with BP to develop operational procedures for their Greater Tortue Ahmeyim (GTA) Project in Mauritania and Senegal The GTA Phase 1 project is creating a new LNG hub in Africa. Centred on minimising risk and harm to personnel, plant and the environment, the procedures will encompass all offshore operations, including subsea, floating production storage and

Month: May 2021

Frontier Resources makes find offshore Namibia

Shearwater awarded new seismic work offshore Brazil from Petrobras

Awilco issued their Q1 report, here are the highlights

Maersk Drilling secures one-well contract extension with Total in Suriname

Get Paid to Take Naps, Oil Prices, Hacked Pipeline, Int Market, Naga 7, NFL Disability, UFC OT EP 18

Tullow Oil Emerges from Overhaul with $1.8B Bond. No More Asset Sales Planned, CEO Says

Oil Majors could see proven reserves run out in less than 15 years as output is not replaced by discoveries

SDPL bags 4 well deal for the West Capella

Shelf Drilling First Quarter Highlights

Petrofac secures contract for BP project in Mauritania and Senegal

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