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Month: December 2021

Shell spuds in wildcat Graff-1 offshore Namibia

December 14, 2021
| Archives

NAMCOR, along with its exploration partners Shell Namibia Upstream B.V. and QatarEnergy announced that they had spudded the Graff-1 exploration well in Block 2913A, Orange Basin, offshore Namibia. This is quite a milestone for us and the country as a whole and look forward to the well results. Graff-1 was spudded in with the Valaris DS-10 Source: Namcor Join our mailing

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EnCap combines two Permian producers worth more than $4 billion

December 14, 2021
| Archives

EnCap Investments LP has combined two of its portfolio companies in the Permian basin, creating an oil producer worth more than $4 billion including debt that the private equity firm wants to take public as soon as next year, people familiar with the matter said on Monday. The energy-focused investment firm has merged Advance Energy Partners and Ameredev

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Equinor plans uptick in exploration drilling offshore Norway in 2022

December 14, 2021
| Archives

Equinor will drill more oil and gas exploration wells off its native Norway in 2022 than this year to help sustain the company’s future cash flow, a senior executive said on Tuesday. The majority state-owned company plans to drill 25 exploration well in Norway, up from 16 wells this year, focusing on areas near its existing fields and

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QatarEnergy and ExxonMobil awarded exploration and production sharing contract offshore Cyprus

December 13, 2021
| Archives

A consortium comprising affiliates of QatarEnergy and ExxonMobil signed an exploration and production sharing contract ('EPSC') with the Republic of Cyprus for the offshore Block 5 located southwest of the island. This is QatarEnergy’s second exploration block in the Republic of Cyprus, in addition to Block 10, which was awarded to the same consortium in 2017 and resulted in the 'Glaucus' gas discovery announced in February 2019

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VAALCO kicks off new drilling campaign with Borr Norve

December 13, 2021
| Archives

VAALCO Energy has commenced its 2021/2022 drilling campaign offshore Gabon with the Etame 8H-ST well. Under a drilling contract announced by VAALCO in early summer, a jack-up rig provided by Borr West Africa Assets Inc., an affiliate of Borr Drilling was recently deployed to the Etame platform and has commenced activities on the Etame 8H-ST development well which is expected to be

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Seadrill awarded long term contract for the West Jupiter

December 13, 2021
| Archives

Seadrill has secured a contract with Petrobras for work in the Búzios field offshore Brazil for the West Jupiter. The contract is for a firm term of 1,040 days with commencement expected in December 2022. Total contract value is approx. $264m (inclusive of mobilization revenue and additional services). Seadrill’s Chief Executive Officer, Stuart Jackson, commented: 'Petrobras is a long-standing and valued customer of Seadrill and signing a

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Shell confirms Deepwater Pontus BOP incident

December 13, 2021
| Archives

According to Esgian, an Oslo based company that provides analytical tools for the energy industry, noted that Shell has confirmed that Transocean drillship Deepwater Pontus has been forced to stop working since losing a blowout preventer (BOP) when completing a well late last month. A Shell spokesperson confirmed that a BOP had been dropped to the ocean floor

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Rig Lynx Weekly Rundown – Stena announces purchase agreement with SHI for drillship

December 13, 2021
| Weekly Rundown

Stena announces purchase agreement with SHI for drillship Stena Drilling has entered a purchase option agreement with Samsung Heavy Industries for a drillship. This gives Stena Drilling the possibility to offer the market a state of the art drilling service with minimal carbon footprint. Read More SHI unloads another stranded newbuild drillship Samsung Heavy Industries has found a buyer for an

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850 lb Pot Brownie, Camel Beauty Contest, Omicron, Blue Origin, WWE College Recruits OT EP 26

December 13, 2021
| OVERTIME

Join Greg and Ryan for another episode of Overtime! - Oil Prices - Omicron Effects, Price Rebound - Biden Taking the Fed Green - Blue Origin Delays Michael Strahan’s Flight - WWE Racks Up College Recruits - 850lb Pot Brownie - Camels Disqualified from Beauty Contest 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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