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Month: April 2022

Petro Victory Energy acquires 19 Brazilian oil blocks

April 21, 2022
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Petro-Victory Energy acquires 19 Brazilian oil blocks This acquisition cements Petro-Victory's status as one of the largest landholders in the highly petroliferous basin. Petro-Victory secured the blocks by participating in the Agencia Nacional do Petroleo Gas Natural e Biocombustiveis of Brazil (ANP) third Permanent Offer Round held in Rio de Janeiro, Brazil, on April 13. The new acquisition will increase

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Maersk sells jackup to ADES

April 20, 2022
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Maersk Drilling has entered into an agreement with ADES to sell the benign environment jack-up rig Maersk Convincer for USD 42.5m in an all-cash transaction. The transaction is subject to customary closing conditions, and the rig is expected to be transferred to ADES following the completion of its current drilling program with Brunei Shell Petroleum Company Sdn.

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INPEX exercises one year option on Maersk Deliverer

April 19, 2022
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INPEX Operations Australia has exercised an option to extend the provisioning of the ultra-deepwater semi-submersible rig Mærsk Deliverer for drilling services at the Ichthys Field in the Browse Basin offshore Western Australia. The contract extension has a duration of one year and is expected to commence in July 2023, in direct continuation of the rig’s current contract. One one-year option remains on the

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Keppel terminates jackup contracts

April 17, 2022
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Keppel FELS Limited has issued notices of termination for the Relevant Contracts on 13 April 2022. The basis for termination is the failure of the respective clients without reasonable or legal justification to take delivery of the respective rigs (despite Keppel FELS’ readiness to deliver) and concurrently pay the outstanding instalments. Following the termination of the Relevant

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US Gov announces significantly reformed onshore oil and gas lease sales

April 17, 2022
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In compliance with an injunction from the Western District of Louisiana, the Department of the Interior is taking action that reflects the balanced approach to energy development and management of our nation’s public lands called for in the agency’s November 2021 report on the Federal Oil and Gas Leasing Program. The Department announced that the Bureau of Land

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ADES enters into agreement with ABAN to buy four jackups

April 17, 2022
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Following the board's approval, Aban Offshore on Wednesday, 13 April 2022, entered into an agreement with ADES Saudi to sell four rigs namely, "Deep Driller 2", "Deep Driller 4", "Deep Driller 5" and "Deep Driller 6". The sale is expected to complete by 31 May 2022 and is subject to the approval of shareholders which is being sought

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Equinor makes new discovery in North Sea

April 13, 2022
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Equinor, operator of production license PL 293 B, has discovered oil and gas close to the Troll and Fram area. Based on preliminary estimates the size of the discovery is between 4 and 8 million standard cubic meters of recoverable oil equivalent, or 25-50 million barrels of recoverable oil equivalent. The license owners are Equinor (51%), DNO (29%), Idemitsu (10%) and Longboat Energy (10%). Temporarily called Kveikje, this is the sixth

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