July 2021 - Page 3 of 10

Keppels intends to vigorously defend USD $42.5 million arbitration dispute

July 27, 2021

Keppel Corporation Limited (the “Company”) wishes to inform that two of Keppel Offshore and Marine Limited’s wholly-owned subsidiaries (the “Respondents”) have received a request for arbitration from the counterparty (the “Claimant”) to two engineering, procurement and construction contracts relating to Floating Production Storage and Offloading units (“EPC Contracts”). The Claimant has withheld a total of approximately US$11.3

Lack of trucks and drivers leading to fuel shortage says American Airlines

July 27, 2021

| Archives

American Airlines told pilots to conserve jet fuel supply when possible in a memo on Monday, saying that transportation logistics, including lack of trucks and drivers, is delaying supply to airports throughout the United States. Fuel prices have been on the rise for several months as demand for gasoline and diesel has snapped back after the worst of

Europe needs more gas from all sources says Wintershall

July 27, 2021

| Archives

Oil and gas producer Wintershall Dea, which has a 70% gas portfolio, on Tuesday said Europe needed multi-sourced gas to support decarbonization away from coal and to create a platform for future hydrogen production from carbon-free energy. Wintershall, one of five western world financiers of the Gazprom-led pipeline project, Nord Stream 2, said chief executive Mario Mehren in

Rig Lynx Weekly Rundown – Buyers circle Seadrill as it plots exit from bankruptcy

July 26, 2021

| Weekly Rundown

Buyers circle Seadrill as it plots exit from bankruptcy Seadrill is trying to emerge from its second U.S. Chapter 11 bankruptcy in four years: like many in the industry, it expanded its drilling rigs too aggressively in the mid-2010s to withstand a subsequent plunge in energy prices and rig hire rates. It is negotiating a deal to restructure

Talos 1st intra-well water flood performing better than expected

July 26, 2021

| Archives

Talos Energy has announced preliminary production estimates for the second quarter of 2021, successful first production from the Company's Tornado Attic well and successful drilling of the Company's Crown and Anchor well. Talos estimates that average daily production for the second quarter of 2021 was approx. 66 thousand barrels of oil equivalent per day ('MBoe/d') net, ahead of Company expectations, and was

Santos announces first oil from the Van Gogh Phase 2

July 26, 2021

| Archives

Santos has announced first oil from the Van Gogh Phase 2 Infill Development, with the first of three new production wells producing at the highest initial rate from an individual well in field history. Following completion and tie-in, the first well has produced at a peak rate of 23,200 barrels per day (bbl/d), well ahead of expectations for a single well. First oil

Seadrill will play its part in the necessary industry consolidation says CEO

July 26, 2021

| Archives

Seadrill Limited announced that the Company has entered into a plan support agreement (the “PSA”) with certain of the Company’s senior secured lenders holding approximately 57.8% of the Company’s senior secured loans (the “Consenting Lenders”) as well as a backstop commitment letter entered into with certain of the Consenting Lenders. The agreements contemplate a plan of reorganization (the

Shell and Chevron greenlight new project in Gulf of Mexico

July 26, 2021

| Archives

Royal Dutch Shell announced plans on Monday to develop a new oilfield in the Gulf of Mexico, its first major project to get the go-ahead since a Dutch court ordered the energy company to accelerate its emissions reduction targets. The Whale development, operated by Shell which owns 60% of the project, alongside with Chevron with 40%, is expected

We are going through the best moment in years says Brazil rig workers

July 26, 2021

| Archives

If an energy transition is underway around the world, it hasn’t reached the streets of Ilha da Conceicao, the working-class district at the heart of Rio de Janeiro’s oil revival. There, buses and trucks are piling into Baker Hughes Co.’s shipyard, where the energy services giant is churning out hundreds of kilometers of oil and gas piping. One

North America Rig Count: U.S. adds 7 and Canada drops 1

July 23, 2021

| Weekly Rig Count

Baker Hughes Rig Count: U.S. +7 to 491 rigs U.S. Rig Count is up 7 from last week to 491 with oil rigs up 7 to 387, gas rigs unchanged at 104, and miscellaneous rigs unchanged at 0. U.S. Rig Count is up 240 rigs from last year's count of 251, with oil rigs up 206 gas rigs up

Month: July 2021

Keppels intends to vigorously defend USD $42.5 million arbitration dispute

Lack of trucks and drivers leading to fuel shortage says American Airlines

Europe needs more gas from all sources says Wintershall

Rig Lynx Weekly Rundown – Buyers circle Seadrill as it plots exit from bankruptcy

Talos 1st intra-well water flood performing better than expected

Santos announces first oil from the Van Gogh Phase 2

Seadrill will play its part in the necessary industry consolidation says CEO

Shell and Chevron greenlight new project in Gulf of Mexico

We are going through the best moment in years says Brazil rig workers

North America Rig Count: U.S. adds 7 and Canada drops 1

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