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Month: October 2021

Comstock sells Bakken resources to Northern Oil and Gas

October 7, 2021
| Archives

Dallas Cowboys owner Jerry Jones’ Comstock Resources on Thursday agreed to sell its assets in North Dakota’s Bakken basin to Northern Oil and Gas for $154 million, as it looks to shore up capital. Oil and gas companies have been looking to sell assets to take advantage of a rise in commodity prices as well as bolster cash

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Exxon raises Guyana reserve estimate after recent find

October 7, 2021
| Archives

Exxon Mobil raised by 1 billion oil-equivalent barrels the resource estimate from its Stabroek Block offshore Guyana, which includes a new discovery, as it develops one of the world’s most important oil and gas blocks in the last decade. The updated estimate of 10 billion oil-equivalent barrels, including that from the new find at the Cataback-1 well, brings

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Petrobras and PetroRio in talks about Albacora development

October 7, 2021
| Archives

Brazilian state oil giant Petrobras has picked a consortium of PetroRio SA and Cobra, a subsidiary of France’s Vinci SA, to start talks on developing the Albacora offshore oilfield, four people with knowledge of the matter said. The consortium’s bid was chosen over a rival offer from a group comprising private equity firm EIG Global Energy Partners with

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Walnut Avalanche, Europe Gas and Putin, Gas Prices, Oil Prices, Tampa Rays, Justin Thornton, Cali Oil Spill, Drunk Search Party OT EP 24

October 7, 2021
| OVERTIME

Join Greg and Ryan for another episode of Overtime! - Oil Prices - Europe Gas and Putin - National Gas Prices - Cali Oil Spill and Perspective   - Justin Thornton - Tampa Bay Jacks Cheat Sheet - How Many Walnuts Can Fit in an Avalanche - Missing Man Found After Joining His Own Search Party 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:

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PGS Awarded more work offshore Suriname, Angola unveils award of 2020 blocks, West Africa deepwater utilization WAW 16

October 7, 2021
| West Africa Weekly

Join Greg for another episode of West Africa Weekly! This week: - Oil Prices - PGS awarded more work from ExxonMobil offshore Suriname - Angola announces award of 2020 Bidding Blocks - West Africa deepwater rig utilization could triple by 2022 SUBSCRIBE TO THE PODCAST: https://www.spreaker.com/show/west-africa-weekly LISTEN ON: ITUNES: https://podcasts.apple.com/us/podcast/west-africa-weekly/id1547856250 SPOTIFY: https://open.spotify.com/show/6PLPUWNRFumBHcJzUIQSps 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 Arvy Nahar own any of

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Sercel wins major seismic equipment contract in North Africa

October 6, 2021
| Archives

CGG has announced the award to Sercel of a major contract to supply land seismic equipment for a 3D mega-crew survey in North Africa It includes a 508XT acquisition system with 100,000 QuietSeis digital sensors and a fleet of twenty Nomad 90 Neo broadband vibrator trucks. The equipment is expected to be delivered in Q4 2021. The addition of these 100,000 digital

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Kencor Petroleum Limited in Kenya acquired by Montfort Group

October 6, 2021
| Archives

Montfort Group has acquired Kencor Petroleum Limited (Kencor), an oil marketing company based in Nairobi, Kenya, that focuses on the import, export and local distribution of safe and high-quality petroleum products This acquisition marks Montfort’s strategic entry into East Africa, one of Africa’s major markets. The acquisition of Kencor, an active participant in Kenyan Open Tender System (OTS) imports, is the first step

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Petrobras spuds in wildcat with the Ocean Courage

October 6, 2021
| Archives

Petrobras began drilling a wildcat well (1-BRSA-1382D-RJS) in the Tres Marias block, in the Santos basin. The activity is being carried out with the Ocean Courage rig, in a water depth of 2223 meters. The information was released by the National Petroleum Agency (ANP). Join our mailing list here

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Well-Safe Solutions awarded North Sea decom work

October 6, 2021
| Archives

Aberdeen-based Well-Safe Solutions has secured a second contract for its decommissioning unit Well-Safe Guardian in less than a month, after landing a multi-million-pound deal with Repsol Sinopec. The contract is for decommissioning of up to 14 wells on the Banff and Kyle fields in the UK Continental Shelf. The Banff and Kyle fields, located in the UK Central North Sea, with nine

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Valaris awarded extension on ARO bareboat charter

October 6, 2021
| Archives

Valaris Limited announced that it has been awarded a 211-day extension to its bareboat charter agreement with ARO Drilling for VALARIS JU-36 (Charles Rowan), a standard duty jackup. The extension is in direct continuation of the existing contract and, as a result, the VALARIS JU-36 will be under contract through March 2022. ARO Drilling’s contract with Aramco

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