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Month: April 2022

Maersk Drilling awarded long term P&A contract

April 13, 2022
| Archives

Maersk Drilling has been awarded contracts which will see the harsh environment jack-up rig Maersk Resolute employed to plug and abandon a total of 31 wells in the Dutch sector of the North Sea in support of a rig sharing agreement between TotalEnergies EP Nederland  and Petrogas E&P Netherlands. The contracts are expected to commence in Q2/Q3 2022, in direct continuation of the rig’s current

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EnerMech Azerbaijan JV awarded $3 million in contracts

April 13, 2022
| Archives

A new joint venture between EnerMech and Oil & Gas Proserv (OGP), an affiliated company of Nobel Energy Group in Azerbaijan, has secured its first two contracts in the region totaling (USD) $3 million.  It is also expected to result in a recruitment drive later this year in line with the organization’s ongoing commitment to local workforce employment and development to

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Wood awarded Sangomar FPSO development offshore Senegal

April 13, 2022
| Archives

Wood has been awarded a contract by Woodside Energy for the Sangomar FPSO development, located 100km south of Dakar, Senegal. The floating production storage and offloading (FPSO) facility is specifically designed for the processing of hydrocarbons and the storage of oil before being transported to markets around the world. On completion in 2023, the FPSO will have a production capacity of approximately

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Italian Prime Minister headed to West Africa to cut reliance on Russian gas

April 13, 2022
| Archives

Italian Prime Minister Mario Draghi will visit Congo Republic and Angola this month and is expected to sign new energy supply deals to cut his country's reliance on Russian gas, two sources said. Draghi, who will head a delegation expected to include Ecology Transition Minister Roberto Cingolani and Eni CEO Claudio Descalzi, will visit the two countries on April

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Record breaking drilling permits being issued in the Permian

April 13, 2022
| Archives

Drilling permits for new wells have spiked to unprecedented levels in the Permian Basin, signaling crude oil suppliers in America are finally responding to higher prices, according to Rystad Energy.  A total of 904 horizontal drilling permits were awarded last month in the shale patch that lies beneath Texas and New Mexico, an all-time-high, Rystad said. The four-week

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The Weekly Rundown – April 11

April 11, 2022
| The Weekly Rundown

Get all the trending oil and gas news, rig counts and prices right here, each week with your host Greg Williams, Founding Partner of Rig Lynx. For April 11 - Exxon plans to invest $10 billion in fourth project offshore Guyana - Borr lands new contracts and extensions - Maersk bags long term work for the Voyager - Greece plans gas

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Canada approves Equinor’s $12 billion Newfoundland offshore oil project

April 11, 2022
| Archives

The Canadian government approved a $12 billion offshore oil project proposed by Norway's Equinor ASA, after an environmental assessment concluded it would not cause significant adverse effects. The Bay du Nord project would involve building a floating platform to drill an estimated resource of 300 million barrels of light crude oil in the Atlantic Ocean, about 500 km

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Petrobras set to kick off Columbia drilling campaign

April 11, 2022
| Archives

At the end of April, Petrobras will start a drilling campaign in Colombia. The activity will be carried out in the Tayrona area, located in the deep waters of the Guajira Basin. The activity will be carried out by Transocean’s Development Driller III rig, which began to be towed to the location last week. Petrobras’ campaign in the

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ProSafe looks to add $110 million to backlog with leading bid

April 11, 2022
| Archives

Prosafe has won a bidding process for a four-year contract with Petrobras for the supply of a semi-submersible vessel for safety and maintenance support offshore Brazil.  Prosafe, which plans to deploy the Safe Notos semi-submersible floated for the contract, said that a potential contract award and timing of the contract award were still subject to a formal process

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Saipem awarded new offshore drilling contracts

April 11, 2022
| Archives

Saipem has been awarded new contracts in Offshore Drilling in the Middle East and in West Africa for a total amount of over 400 million USD. Two contracts have been awarded in the Middle East for two high specification jack-up drilling units, consisting of drilling and workover operations for a duration of five years. The start of operations

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