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Month: December 2021

Guyana readies for oil boom as they vote in wealth fund and local content ruling

December 31, 2021
| Archives

Guyana's parliament on Wednesday approved local content rules for oil producers and a sovereign wealth fund to oversee the South American nation's earnings from a budding oil bonanza. International oil producers have discovered 10 billion barrels of oil and gas that promise to transform Guyana's agricultural and mining economy into an oil powerhouse providing billions of dollars to

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Chevron sells Midland assets to FireBird Energy

December 31, 2021
| Archives

FireBird Energy LLC announced that it has completed an acquisition of operated assets located in the Midland Basin from Chevron U.S.A. Inc. and Chevron Midcontinent, L.P.  The Acquisition closed December 30, 2021 with an effective date of December 1, 2021. Highlights of the acquired asset base and operations include: Significant PDP contribution from acquired assets Bolt-on of ~21,000 leasehold acres Low operating cost, oil-weighted, high-margin asset with operating

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Shelf lands extensions with Chevron for two jackups offshore Thailand

December 30, 2021
| Archives

Shelf Drilling, Ltd. announced that it has secured contract extensions for the Shelf Drilling Chaophraya and Shelf Drilling Krathong jack-up rigs with Chevron Thailand Exploration and Production, Ltd. (“Chevron”) for operations in the Gulf of Thailand. The extensions are in direct continuation of the planned out of service projects at the end of each rig’s current contract

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Odfjell takes over management of Northern Ocean semis

December 30, 2021
| Archives

Odfjell Drilling is pleased to inform that we are in agreement with NOL to provide marketing and management services for Mira and Bollsta as further described in their stock exchange notice. Odfjell Drilling is privileged to be chosen for our strong operational track record and marketing excellence in securing work. We further view the cooperation with NOL as

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Ventura bags two rig contracts with Petrobras

December 30, 2021
| Archives

Ventura (Petroserv) will secure two new charter contracts with Petrobras in January. The oil company decided to hire the semi-submersible Victoria and the drillship Carolina, offered in the tender for 2,400 m. The rig company won the batch B bidding process, aimed at chartering units without MPD. The rates presented by Ventura were around US$ 200 thousand/day. The signing

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TotalEnergies wins new block in Campos Basin

December 29, 2021
| Archives

Total, operator, and its co-venturers Qatar Petroleum and Petronas have won the C-M-541 deep offshore block in the 16th Bidding Round held by Brazil’s National Petroleum Agency (ANP). The acreage is located in the pre-salt Campos Basin in a water depth of about 3,000 meters. “Total is pleased to expand its footprint in the Campos Basin with this new

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Solstad adds on more work in Brazil

December 29, 2021
| Archives

Solstad Offshore ASA has been awarded a new contract with Petrobras for the AHTS BOS Turquesa. The contract is 3 years firm, with options thereafter, for supporting exploration and production activities in Brazilian continental shelf. Commencement of the contract will take place in Q1-2022. Source: Solstad Join our mailing list here

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Exxon spuds in Glaucus-2 offshore Cyprus

December 29, 2021
| Archives

The Ministry of Energy, Commerce, and Industry announced that ExxonMobil has spudded the Glaucus-2 exploration well in Block 10, offshore Cyprus in the Eastern Mediterranean. The well is being drilled by the Stena Forth, a 6th Generation Harsh Environment dual-activity dynamically positioned (DP3) drillship, capable of drilling in water depths up to 10,000ft. In February 2019, ExxonMobil announced a natural gas discovery offshore

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Rig Lynx Weekly Rundown – Vantage Drilling sells 3 jackups to ADES and pursues global strategic alliance

December 29, 2021
| Weekly Rundown

Vantage Drilling sells 3 jackups to ADES and pursues global strategic alliance Vantage Drilling International has agreed to sell to ADES Arabia all of the issued and outstanding equity of VHI’s wholly-owned subsidiary, Emerald Driller Company for a purchase price of US $170 million cash. Read More Vantage puts the Tungsten Explorer back to work in Egypt In a recent press release

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