+1(833) 396-4204 info@riglynx.com
Menu

Month: June 2021

Chevron CFO – We have no plans to shrink our oil and gas business

June 25, 2021
| Archives

U.S. oil major Chevron Corp has no plans to shrink its oil and gas business for wind and solar energy unlike some rivals, Chief Financial Officer Pierre Breber said on Thursday, amid pressure from shareholders to lower carbon emissions. Major oil and gas producers are facing pressure from investors to lower greenhouse gas emissions and adapt their business to

Read More...

ENI and Sasol South Africa drilling plans being retaliated

June 25, 2021
| Archives

An oil and gas drilling campaign off South Africa's east coast planned by Itay's Eni and South African energy firm Sasol is being challenged in court by a group of non-governmental organizations (NGOs). The firms plan to drill up to six exploration and appraisal wells at depths of between 1,500m and 3,000m in block ER236, offshore the Kwa-Zulu Natal coast

Read More...

ENI spuds in Bahrain’s first offshore well

June 25, 2021
| Archives

Bahrain's National Oil and Gas Authority (NOGA) started drilling the first exploration well in offshore block No. 1 to the north of the kingdom, a government media adviser said on Twitter on Wednesday. The new well is part of an exploration and production agreement signed with Italian energy company Eni in 2019. Block No. 1 covers an area of

Read More...

Keppel and Sembcorp discuss merger

June 24, 2021
| Archives

Temasek-backed conglomerate Keppel and Singapore’s smaller Sembcorp Marine are considering combining their loss-making offshore and marine (O&M) businesses as they battle a prolonged downturn. A deal would see Keppel spin off the new business into a listed entity and ultimately exit the legacy business, with Singapore state investor Temasek becoming the largest shareholder in the combined company. Keppel’s O&M

Read More...

South Sudan launches first oil licensing round

June 23, 2021
| Archives

The Ministry of Petroleum (MoP) of the Republic of South Sudan, announced the launch of the country’s first Oil Licensing Round. The MoP has identified new exploration blocks with potential hydrocarbons and has compiled crucial data to provide to interested investors, operators and counterparties. According to the new analysis commissioned by the Ministry, approximately 90% of South

Read More...

Norway awards Arctic oil exploration permits

June 23, 2021
| Archives

Norway has awarded four exploration licenses to seven oil companies, including three for the Arctic Barents Sea, but fewer oil companies applied for the permits than in previous licensing rounds. The awards were part of Norway’s so-called numbered licensing rounds that cover previously unexplored frontier areas of the country’s continental shelf, expanding the geographical reach of its oil

Read More...

Noble notes floater demand increase of 13% over next 3 yrs

June 23, 2021
| Archives

Noble issued an updated Investor Presentation and fleet status update, noting upticks in every operating region for floaters, some are forecasted to be up as much 13% through 2024. Qatar: Noble Mick O’Brien – One-year option exercised with Qatar Gas keeping rig contracted into Early Sept 2022 US GOM: Pacific Khamsin – One-well contract award with EnVen from

Read More...

Valaris lands 3 year contract with North Oil Company

June 23, 2021
| Archives

Valaris Limited announces that it has been awarded a three-year contract with North Oil Company offshore Qatar for VALARIS JU-110, a heavy-duty modern jackup. The contract is anticipated to begin in the fourth quarter of 2021. Source: Valaris Join our mailing list here

Read More...

Morocco gets a new spud in from Predator Oil and Gas

June 22, 2021
| Archives

Predator Oil & Gas, the Jersey-based oil and gas company with operations in Trinidad, Morocco and Ireland, has announced that the MOU-1 well was spudded on 20 June 2021 with drilling ahead in progress to the first planned 13 3/8" casing point. The MOU-1 well is being drilled to test the Moulaya Prospect in the Guercif License, onshore

Read More...

Brazilian oil companies resume projects amid price recovery

June 22, 2021
| Archives

Amid the recent recovery in oil prices on the international market, oil companies are slowly beginning to gain confidence to move forward with new projects. In month of June, when the Brent-type barrel surpassed US$ 70 for the first time in two years, Petrobras, the Norwegian company Equinor and the Australian company Karoon have announced investments of

Read More...