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Month: May 2021

ReconAfrica spuds second well in Kavango Basin, Namibia

May 7, 2021
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Reconnaissance Energy Africa (ReconAfrica) has spudded the second well (6-1), of an initial three well programme in the Kavango Basin in the Kalahari Desert of North East Namibia. The 6-1 well is designed to evaluate the petroleum systems discovered in the first well (6-2) in an area of maximum thickness. With the first string of casing set and

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60% increase in April drilling permits for Texas

May 7, 2021
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The Railroad Commission of Texas issued a total of 732 original drilling permits in April 2021 compared to 456 in April 2020. The April 2021 total includes 629 permits to drill new oil or gas wells, five to re-enter plugged well bores, and 94 for re-completions of existing well bores. The breakdown of well types for original drilling

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Vantage signals market recovery with 1st quarter results

May 6, 2021
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Vantage Drilling International reported a net loss attributable to controlling interest of approximately $36.0 million or $2.74 per diluted share for the three months ended March 31, 2021, based on the weighted average shares outstanding, as compared to a net loss attributable to controlling interest of $30.6 million or $2.33 per diluted share for the three months

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Seadrill lenders agree to extended cash use, for now

May 6, 2021
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Seadrill Ltd on Wednesday reached a tentative deal that will allow it to continue using lender cash to fund operations while it works with creditors on a path out of bankruptcy. During a virtual hearing, U.S. Bankruptcy Judge David Jones, sitting in his Laredo, Texas courtroom, said he would extend Seadrill’s access to cash until Aug. 31. The

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Shell signals exit from upstream activities in Tunisia

May 6, 2021
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Royal Dutch Shell has informed Tunisian authorities it will hand back upstream concessions and leave the country next year as it turns its focus to renewable energy, Rania Marzouki a senior official in the energy ministry, told Reuters. Shell's departure will mean the Miskar concession in southern city of Gabes will be handed back to the government, she

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OKEA ASA awards 4 year contract plus options to COSL

May 6, 2021
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OKEA ASA has awarded a four-year frame contract to COSL Drilling Europe AS for the use of COSL’s energy-efficient drilling units on the Norwegian Continental Shelf (NCS). As part of the agreement, COSL Drilling Europe (COSL) will be the exclusive provider of semi-submersible drilling rigs for OKEA’s NCS operations, with flexibility in terms of which of COSL’s identical

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Shelf secures ten year contract for the High Island IX jack up

May 6, 2021
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Shelf Drilling, Ltd. announced today that it has secured a ten-year contract extension for the High Island IX jack-up rig in direct continuation of its current contract in the Arabian Gulf. The contract dayrate allows for annual rate adjustments based on the previous 12-month average Brent crude oil price. Following this extension, the expected availability of the

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Vantage receives multi-year LOAs for jackups in the middle east

May 6, 2021
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According to Esgian, an Oslo based company that provides analytical tools for the energy industry noted that Vantage Drilling confirmed that it has received conditional letters of award (LOA) for its jackups Aquamarine Driller and Sapphire Driller for two-to-three-year deals in the "Middle East". The two rigs are set to begin the new deals, which have a

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Angola onshore bid round opens

May 6, 2021
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Angola’s National Oil, Gas and Biofuel’s Agency (ANPG) has officially opened blocks for licensing in the Onshore Lower Congo Basin and the Onshore Kwanza Basin as part of its 2020 oil and gas licensing round. This latest call to tender is part of the agency’s ongoing 2019-2025 hydrocarbons licensing strategy. The Onshore Lower Congo Basin Blocks include CON1,

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