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Month: July 2021

Top 5 largest oil and gas projects in Africa by investment

July 23, 2021
| Archives

While accounting for roughly eight percent of global oil production in 2020, Africa is home to massive untapped natural resource wealth, with a view to becoming a global energy powerhouse. Between 2021 and 2025, an estimated 428 oil and gas projects are expected to start operations on the continent, which is set to become a hive of

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BP acquires Open Energi digital

July 23, 2021
| Archives

bp has acquired UK-based digital energy business Open Energi. The company’s digital platform uses real-time data to optimize the performance of energy assets. It can generate savings and maximize revenues for customers by connecting to power markets and providing flexibility at times of low renewable generation and during price peaks. It also accumulates data and learns how

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Equinor books up more Floatel work

July 23, 2021
| Archives

Equinor Brasil Energia Ltda has awarded a contract to Floatel International for the Floatel Victory to provide Maintenance and Safety Unit (MSU) services alongside Peregrino Floating Production Storage and offloading unit (FPSO) offshore Brazil. The charter of the MSU is for six months with an expected commencement date on site in the third quarter 2021. Equinor has options

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Sapura bags new drilling contracts offshore Malaysia and Thailand

July 23, 2021
| Archives

Malaysia  AWARD OF CONTRACT BY PETRONAS CARIGALI SDN BHD FOR THE PROVISION OF TENDER-ASSIST DRILLING RIG(S) FOR DRILLING ACTIVITIES OFFSHORE MALAYSIA.  Sapura Drilling Asia Sdn. Bhd. has been awarded a contract by PETRONAS Carigali Sdn. Bhd. for the provision of tender assist drilling rig(s) for a duration of two (2) years, commencing 26 April 2021 to 25 April 2023.

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Shell selling off stakes in Malaysia

July 23, 2021
| Archives

Royal Dutch Shell launched the sale of its stakes in oil and gas fields it does not operate off the coast of Malaysia, according to a document seen by Reuters. The Anglo-Dutch company announced in March that it was considering selling its stakes in the Baram Delta EOR and the SK307 production-sharing contracts which are operated by Petronas

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Duct Taped to a Helo, Renewable Diesel, Knocking Socks off Thanos, USFL, Jake & Tyron OT EP 20

July 23, 2021
| OVERTIME

Join Greg and Ryan for another episode of Overtime! - Oil Prices - Renewable Diesel - Rig Counts - Jake Paul and Tyron Woodley - USFL Relaunch - Red Snapper - Houston Comicpalooza - Who Could Actually Have Beaten Thanos - Duct Taped to a Helicopter SUBSCRIBE TO THE PODCAST: https://www.spreaker.com/show/overtime_16 LISTEN ON: ITUNES: https://podcasts.apple.com/us/podcast/overtime/id1543586841 SPOTIFY: https://open.spotify.com/show/011NdEFDU9kjroD2C6WJZR?si=p6H58eTDR-6FwiH7uB5KaA YouTube: https://www.youtube.com/c/RigLynx ADD US ON: LINKEDIN: https://www.linkedin.com/company/rig-lynx ADD US ON: INSTAGRAM: https://www.instagram.com/riglynx/ Rig Lynx LLC nor War Room Media own any of

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Angola Bid Round, Woodside Kickoff in Senegal, AEC Bold Statement, Recon Africa WAW 13

July 23, 2021
| West Africa Weekly

Join Greg for another episode of West Africa Weekly Live! This week: - Oil Prices - Angola sees over $1 billion of interest in recent bid round - Woodside readies Diamond's BlackRhino for work offshore Senegal - AEC: If you Boycott Africa Oil & Gas Sector, Africa will Boycott you - ReconAfrica and NAMCOR granted seismic permit for Namibias Kavango basin SUBSCRIBE TO THE

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Angola on track for predicted oil sales in 2021

July 22, 2021
| Archives

As global oil markets continue to recover from COVID-19, the Angolan oil and gas industry has already achieved half of its targeted oil revenues, as set forth by the national state budget for 2021, according to official reports published by Angola’s Ministry of Finance. Measured against a $39-barrel price, the national state budget anticipates oil revenues of 4.06

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TGS starts phase 1 of massive 3D survey in Sarwak Basin offshore Malaysia

July 22, 2021
| Archives

TGS, a global provider of energy data and intelligence, together with PGS and WesternGeco®, the exploration data business line of Schlumberger, have secured pre-funding for a 6,400 sq km multi-client 3D survey commencing in October in the Sarawak Basin, offshore Malaysia. The survey is the first phase of a multi-year contract awarded by Petronas in 2020 through competitive bidding to acquire and process up to 105,000 sq kms

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Transocean issues fleet status update, holds $7.3 billion in backlog

July 22, 2021
| Archives

Transocean Ltd. issued their quarterly Fleet Status Report and contract information for the company’s fleet of offshore drilling rigs. This quarter’s report includes the following updates: Deepwater Invictus – Customer exercised a one-well option in the U.S. Gulf of Mexico Deepwater Skyros – Customer exercised a 370-day option in Angola Discoverer Inspiration – Awarded a nine-well contract in the U.S.

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