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Month: November 2021

FAR releases update on recent work offshore Gambia

November 15, 2021
| Archives

FAR Gambia, a wholly-owned subsidiary of FAR Ltd has commenced drilling on the Bambo-1 exploration well in Block A2, offshore The Gambia. The Stena IceMax drillship arrived on site on 12 November Gambian time and after completing preparations, has successfully spudded the well. The Bambo-1 well is located approx. 85km offshore The Gambia, in 930 meters of water depth and is planned to be

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Shell no longer Royal Dutch heads to UK

November 15, 2021
| Archives

Royal Dutch Shell said on Monday it would scrap its dual share structure and move its head office to Britain from the Netherlands, pushed away by Dutch taxes and facing climate pressure in court as the energy giant shifts from oil and gas. The company, which long faced questions from investors about its dual structure and had recently been

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West Saturn to spud Cutthroat project late Q4

November 15, 2021
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The consortium formed by ExxonMobil (50%), Enauta (30%) and Murphy (20%) should drill the first well in the Cutthroat prospect, in the Sergipe-Alagoas Basin, still in 4Q21. Enauta will invest US$ 8 million in this well. The prospect to be drilled in the SEAL-M-428 block extends to the SEAL-M-351 block, which has the same companies as concessionaires. Drilling

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New work for Shelf in recent fleet status update

November 11, 2021
| Archives

Shelf released a fleet status update and below are the most recent events Parameswara completed a contract with Adani in September 2021 and subsequently secured a three-year contract with ONGC India. New contract is expected to commence in January 2022. Compact Driller secured a four-well contract with Cairn India. Contract is expected to commence in November 2021.

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We expect to see an improvement in global jackup demand – Shelf CEO

November 11, 2021
| Archives

Shelf Drilling, Ltd. announces results for the third quarter of 2021 ending September 30. David Mullen, Chief Executive Officer, commented: “Our results in the third quarter of 2021 were in line with the prior quarter, as we near the end of a period with a high concentration of contract preparation activity. Five of our rigs returned to

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Reliance Industries to sell off its assets in the Eagleford shale

November 11, 2021
| Archives

Reliance Eagleford Upstream Holding, a wholly owned step-down subsidiary of Reliance Industries Limited ('RIL'), has announced the signing of agreements with Ensign Operating III, LLC, a Delaware limited liability company, to divest its interest in certain upstream assets in the Eagleford shale play of Texas, USA. With this transaction, Reliance has divested all its shale gas assets and has exited from

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Noble Corp and Maersk Drilling will merge in a $3.4 billion deal

November 11, 2021
| Archives

Denmark’s Maersk Drilling and U.S. rival Noble Corp will merge in a $3.4 billion deal to form one of the world’s largest offshore oil drilling rig companies, they said on Wednesday. The combined company is expected to reap annual cost savings of $125 million and it will take Noble Corporation’s name and be headquartered in Houston, Texas, with

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Shell committed to explore hydrocarbons in Africa

November 11, 2021
| Archives

Royal Dutch Shell is currently committed to exploring in Africa for hydrocarbons and doing so fits the company's purpose, its exploration manager for deepwater Africa Benjamin Mee said on Wednesday at an industry event. More than 80% of Shell's exploration will be focused on core positions with an emphasis on deepwater and the company plans to spend about $1.5

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