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Month: February 2022

API files notice of appeal against recent GOM lease sale ruling

February 10, 2022
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The American Petroleum Institute (API) has filed a notice of appeal with the U.S. Court of Appeals for the D.C. Circuit of the decision by the D.C. District Court invalidating the results of the only federal lease sale for natural gas and oil held in 2021. The sale generated $198,511,834 in total bids, and the revenues received are directed to the

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Aker BP gets the go ahead for Kobra and Gekko development plans

February 10, 2022
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The Norwegian Ministry of Petroleum and Energy has approved the Plan for development and operation (PDO) for Kobra East & Gekko (KEG) in the Alvheim area. The Operator Aker BP and licence partners ConocoPhillips Skandinavia and Lundin Energy Norway submitted the PDO to the Ministry in June last year. The KEG development will contribute to extend the lifetime of the Alvheim field, improve production and reduce unit costs. Total

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TotalEnergies backs out of North Platte GOM project

February 10, 2022
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TotalEnergies announced its decision not to sanction and so to withdraw from the North Platte deepwater project in the US Gulf of Mexico.  The decision not to continue with the project was taken as the Company has better opportunities of allocation of its capital within its global portfolio.   TotalEnergies who held a 60% operated interest in North Platte,

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Enauta awards Constellation work for the Alpha Star

February 10, 2022
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Enauta announced the contracting of the drilling rig Alpha Star to drill the fourth well of the Early Production System ("EPS") of the Atlanta Field. Drilling is scheduled to begin in the fourth quarter of 2022. There is also the possibility of extension, upon notification by Enauta, to include the drilling of two additional wells required for the

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Aker BP announces a record Q4

February 10, 2022
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Norwegian independent oil company Aker BP said on Thursday it plans to drill 13 exploration wells in 2022 after reporting a record operating profit for the final quarter of 2021 on the back of higher petroleum prices. Its earnings before interest and taxes (EBIT) for October-December rose to a record $1.26 billion from $278 million during the same

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Shell to use Enhanced Drilling’s Closed Riser CML services in deepwater GOM

February 8, 2022
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Enhanced Drilling (EDR) has recently received an order from Shell Offshore Inc. to supply a second EC-Drill® Controlled Mud Level (CML) system to be used in the Gulf of Mexico (GOM). The Managed Pressure Drilling (MPD) system, named CML Closed Riser, is a further development of EDR’s proven EC-Drill® technology, and will provide increased capability and safety. Innovative

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Petrofac awarded US$100 million in new India contracts

February 8, 2022
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Petrofac has been awarded two new contracts with Cairn Oil & Gas and Vedanta, India’s largest private oil and gas exploration company. With a combined value of approx. US$100 million, the wins include Petrofac’s first significant Operations and Maintenance (O&M) contract in-country; evidencing its geographical growth strategy in action. Selected by Cairn to provide integrated O&M services in support of its upstream oil and gas facilities, Petrofac will

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Equinor plans to explore Kveikje n`Roll prospect offshore Norway

February 8, 2022
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The Petroleum Safety Authority Norway has given Equinor consent for exploration drilling in Block 35/10 in the North Sea. Well 35/10-8 S will be drilled from the Deepsea Stavanger, a sixth generation deepwater and harsh environment semi-submersible at location 61° 06' 33,16" N  3° 15' 07.32" E in production licence PL 293 and will test the Kveikje n`Roll Prospect. Water depth is 362 metres. Source: PSA Join our mailing

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Aker Solutions raises revenue outlook

February 8, 2022
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Aker Solutions raised its 2022 revenue outlook on Tuesday and said its earnings margin is likely to increase this year while order intake is headed for a record high. The company now expects its revenue to rise by more than 20% in 2022 to at least 35 billion Norwegian crowns ($3.97 billion), up from an earlier guidance of

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Aban sells Deep Driller 1 to ADES for $12 million

February 7, 2022
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Aban Offshore has approved the sale of Rig Deep Driller 1 owned by their subsidiary Deep Drilling 1 Pte Ltd subject to the approval of Shareholders. An Extra Ordinary General Meeting was held on 31st January, 2022 for seeking the approval of Shareholders. The Sale and Purchase Agreement in the amount of $12,248,000 is detailed in the press

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