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Month: September 2021

Rig Lynx Weekly Rundown – U.S. raising money for the budget with strategic petroleum reserve sale

September 20, 2021
| Weekly Rundown

U.S. raising money for the budget with strategic petroleum reserve sale The U.S. government has agreed to sell crude oil from the nation's emergency reserve to eight companies including Exxon, Chevron and Valero, under a scheduled auction to raise money for the U.S. budget, the Department of Energy said. Read More Around 44 percent of Gulf of Mexico oil production

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Mubadala Petroleum and Eni sign MoU centered around decarbonization

September 20, 2021
| Archives

Mubadala Petroleum has signed a MoU with Italian oil and gas major Eni to identify cooperation opportunities in the energy transition sector, including the fields of hydrogen and carbon capture, utilisation and storage that align with their respective decarbonisation targets. The scope of the cooperation covers potential joint opportunities in the Middle East, North Africa, southeast Asia and Europe and

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Aker BP granted wildcat permit offshore using the Maersk Integrator

September 20, 2021
| Archives

The Norwegian Petroleum Directorate (NPD) has granted Aker BP a drilling permit for wildcat and appraisal wells 7/11-14 S and A in production licence PL 906. Wells 7/11-14 S and A will be drilled from the Mærsk Integrator drilling facility in position 57°06'12.674"N and 2°37'41.559"E. Aker BP is the operator with an ownership interest of 60 per cent. The other licensees are Longboat Energy Norge (20 per cent) and DNO Norge (20 per

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Shelf bags three year gig with ONGC

September 20, 2021
| Archives

Shelf Drilling, Ltd. announced that it has received an award for a three-year contract for the Parameswara jackup rig with Oil and Natural Gas Corporation (ONGC) for operations in the Mumbai High, offshore India. The planned start-up of operations is Q1 2022. Source: Shelf Join our mailing list here

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Northern in the lead for Comstock Resources’ Bakken assets

September 20, 2021
| Archives

Northern Oil and Gas is the front-runner to buy a stake in Comstock Resources’ Bakken assets in North Dakota, three sources familiar with the matter told Reuters. Northern Oil has bid about $170 million for a non-operated working interest in the assets, one of the sources said. A marketing document seen by Reuters last month showed the value

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About 44% of Shell’s GOM offshore production still offline

September 20, 2021
| Archives

Hurricane damage to an offshore U.S. oil transfer hub will sharply cut Royal Dutch Shell’s oil and gas production into early next year, the company said on Monday, slashing deliveries of a type of crude oil prized by refiners. Shell has emerged as the hardest-hit oil producer from Hurricane Ida, which tore through the U.S. Gulf of Mexico

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ONGC looking at stake in Sangomar offshore Senegal

September 17, 2021
| Archives

India’s state-owned Oil and Natural Gas Corporation (ONGC) is considering purchasing a minority stake in the Sangomar project offshore Senegal. With talks underway for the acquisition of a 20% to 40% interest in the project, ONGC is positioning itself as a key participant in Senegal’s energy sector. Australian independent Woodside Petroleum Ltd owns an 82% stake in the project, having

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Petrobras tendering for abandonment work, DSJ 300 in the lead

September 17, 2021
| Archives

Petrobras received seven proposals for chartering a jack-up rig for operation in the Northeast. China Union Offshore presented the best price for the charter of a self-elevating intervention rig for operation in water depths from 12 to 50 m. The Asian group offered the DSJ300 jack-up, with a daily rate of US$72,000 plus a mobilization fee of US$4.32mm Source:

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Subsea 7 awarded feed contract from Aker BP

September 17, 2021
| Archives

Subsea 7 has announced the award of a contract by Aker BP for the front-end engineering and design (FEED) study for the NOA Fulla development project, offshore Norway. NOA Fulla is located in the southern part of the NOAKA area in the Norwegian North Sea.  The awarded work is required to finalize the technical definition of the proposed development prior to Aker

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