June 2021 - Page 6 of 10

Alaska sells eight oil and gas leases in Cook Inlet

June 14, 2021

Two companies successfully bid on nearly 21,000 acres of oil and gas tracts in Cook Inlet this week. HEX Group and Strong Energy Resources both purchased leases in the state’s spring sale, for a combined total of $450,000. This is the first time a company other than Hilcorp Alaska has won leases in a state sale since 2015. Anchorage-based

Gabon extends 12th round licensing until June 30th

June 14, 2021

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Gabon’s Minister of Petroleum, Gas and Mining, H.E. Vincent de Paul Massassa, announced the extended closing date for the Gabon 12th Shallow and Deep-Water Licensing Round. The new closing date for the submission of tenders is June 30, 2021. PGS screening datasets allow the evaluation of all 35 open blocks in the ongoing Gabon shallow and deep-water

Shell considering a sale of 260k acres in the Permian valued at a potential $10 billion

June 14, 2021

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Royal Dutch Shell Plc is reviewing its holdings in the largest oil field in the U.S., a possible sale that could raise as much as $10 billion, according to Reuters. The potential sale could include all of Shell’s 260,000 acres in the Permian Basin, Reuters reported citing unidentified people familiar with the matter. Shell declined to comment

Petrobras awards over US $4 billion in FPSO construction contracts in less than two months

June 14, 2021

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Just short of a month after Petrobras announce the US $2.3 billion FPSO P-78 award to Keppel Offshore & Marine, they have awarded FPSO P-79 to a joint venture between Saipem and DSME worth another US $2.3 billion, both being delivered to the Búzios field The FPSO P-79 project is worth overall approximately 2.3 billion USD. Saipem’s portion

North America Rig Count: U.S. adds 5 and Canada adds 16

June 11, 2021

| Weekly Rig Count

Baker Hughes Rig Count: U.S. +5 to 461 rigs U.S. Rig Count is up 5 from last week to 461 with oil rigs up 6 to 365, gas rigs down 1 to 96, and miscellaneous rigs unchanged at 0. U.S. Rig Count is up 182 rigs from last year's count of 279, with oil rigs up 166 gas rigs

Global Oil Demand to Hit Pre-Virus Level Next Year, IEA Says

June 11, 2021

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Global oil demand will recover to pre-pandemic levels late next year, the International Energy Agency predicted, urging OPEC and its allies to keep markets balanced by tapping their plentiful spare production capacity. World consumption will once again reach 100 million barrels a day in the second half of 2022 as developed economies bring the virus under control, the

McDermott wins $2 billion EPCC contract for Tilenga project, Uganda

June 11, 2021

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A consortium of a subsidiary of McDermott International, and Sinopec International Petroleum Service Corporation has received a conditional Letter of Award for the Tilenga project valued at approximately US$2bn. The consortium will provide EPCC services for the development of an onshore oil field. The Tilenga project is located in the Lake Albert Basin, Uganda and is the center piece

India offers 32 areas in its latest oil, gas field auction

June 11, 2021

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India launched its third auction of small, discovered fields offering 32 contract areas with 75 oil and gas discoveries, said Anand Gupta, additional director general of the Directorate General of Hydrocarbons. Of the 75 discoveries 54 are in shallow water, 2 in deepwater and 19 are on land, Gupta said. India, the world's third biggest oil importer and consumer,

More than 1,000 Norway oil workers threaten strike

June 11, 2021

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Some 1,076 members of three Norwegian labour unions could go on strike on June 17 if wage talks fail, hitting oil exploration and other drilling services, the unions said on Friday. A strike would not affect oil and gas output in the initial round, union officials said. The largest of the three, Industri Energi, said it planned to take

Seadrill sells West Vigilant to PT Duta Marine

June 10, 2021

| Archives

The John Fredriksen-dominated rig company Seadrill is getting rid of another drilling rig. The jack-up rig West Vigilant (2008) is now being sold to PT Duta Marine in Indonesia. The sale price is $7.3 million, according to Texas bankruptcy court documents. Fearnleys receives a brokerage fee of 3.5 percent after the sale. A year ago, Seadrill announced that it could scrap up

Month: June 2021

Alaska sells eight oil and gas leases in Cook Inlet

Gabon extends 12th round licensing until June 30th

Shell considering a sale of 260k acres in the Permian valued at a potential $10 billion

Petrobras awards over US $4 billion in FPSO construction contracts in less than two months

North America Rig Count: U.S. adds 5 and Canada adds 16

Global Oil Demand to Hit Pre-Virus Level Next Year, IEA Says

McDermott wins $2 billion EPCC contract for Tilenga project, Uganda

India offers 32 areas in its latest oil, gas field auction

More than 1,000 Norway oil workers threaten strike

Seadrill sells West Vigilant to PT Duta Marine

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