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Month: December 2021

Seatankers Group buys up 5 percent of Valaris common stock

December 9, 2021
| Archives

Valaris Limited announced that Famatown Finance Limited, a company indirectly controlled by trusts settled by John Fredriksen and a member of The Seatankers Group, has accumulated through open market transactions approximately 5% of the common shares of Valaris. Anton Dibowitz, President and Chief Executive Officer of Valaris, commented: “Valaris welcomes the interest and investment from The Seatankers Group,

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TotalEnergies sells off terminal assets in Gabon to Perenco for $350 million

December 9, 2021
| Archives

After receiving the approval of Gabonese authorities, TotalEnergies announces the closing of its agreement to divest to Perenco Oil and Gas Gabon the Cap Lopez Terminal and non-operated assets of its 58%-owned affiliate TotalEnergies EP Gabon.   With this transaction, in an amount of $350 million before final adjustment, TotalEnergies EP Gabon is divesting its interests in seven

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Prosafe gets extension for Concordia

December 9, 2021
| Archives

Prosafe announced that the Safe Concordia contract has been extended The firm charter period of the Safe Concordia in Trinidad and Tobago has been extended and takes the firm operational period through to end-January 2022. Total value of the contract extensions is approximately USD 6 million. Source: Prosafe Join our mailing list here

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Shell announces new discover at Blacktip

December 9, 2021
| Archives

Shell has announced a material discovery at the Blacktip North prospect in the U.S. Gulf of Mexico. The Blacktip North well encountered approx. 300 feet net oil pay at multiple levels. Evaluation is ongoing to further define development options. 'The Blacktip North prospect is the latest example of discovering new resources in our advantaged corridors,' said Paul Goodfellow, Executive Vice President of

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Valaris announces Anton Dibowitz as President and CEO

December 9, 2021
| Archives

Valaris Limited announced that its Board of Directors has appointed Mr. Anton Dibowitz as President and Chief Executive Officer, effective immediately. Mr. Dibowitz, who has been serving as interim President and Chief Executive Officer of Valaris since September 3, 2021, is also a member of the Company’s Board of Directors. “Anton has done a tremendous job leading Valaris

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TechnipFMC signs 10 year deal with ADNOC

December 8, 2021
| Archives

TechnipFMC, through Gulf Automation Services and Oilfield Supplies LLC, has been awarded a major(1) 10-year framework agreement for wellheads, trees and associated services by the Abu Dhabi National Oil Company (ADNOC). Under the framework agreement, TechnipFMC will further grow in-country talent and expand existing manufacturing, assembly and test capabilities in Abu Dhabi in order to deliver the Company’s complete portfolio

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Sval Energi acquires majority of Spirit Energy’s Norwegian assets for over $1 billion

December 8, 2021
| Archives

Sval Energi has signed an agreement with Spirit Energy to acquire the majority of Spirit Energy’s Norwegian operations and assets. By this Sval takes a significant step on its growth plan in Norway. The USD 1,026 million transaction is the largest acquisition on the Norwegian Continental Shelf (NCS) since 2019. Under the agreement, Sval Energi will acquire the operations and assets of Spirit Energy

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Stena announces purchase agreement with SHI for drillship

December 8, 2021
| Archives

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. “Our plan is to fit the drillship according to our specifications with hybrid technologies including the use of batteries. If we find

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Karoon issues rig commencement notice for Maersk Developer

December 8, 2021
| Archives

According to Karoon Energy’s press release the Maersk Developer rig commencement window has been narrowed. Maersk Drilling’s semisubmersible the Maersk Developer is expected to be ready to commence operations on Karoon’s Brazilian growth projects between 15 April and 15 May 2022 (previously between 1 April to 31 May 2022), subject to limited rights of Maersk Drilling to extend

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