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Month: April 2022

Valaris announces new contracts and extensions

April 11, 2022
| Archives

Valaris announced new contracts and contract extensions, with associated contract backlog of $181 million, awarded subsequent to issuing the Company’s most recent fleet status report on February 21, 2022. Two-year contract extensions with BP in the U.S. Gulf of Mexico for managed rigs Mad Dog and Thunder Horse. The contract extensions were effective on January 27, 2022. One-well contract

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Greece plans gas exploration in Ionian Sea

April 5, 2022
| Archives

Greece plans to accelerate gas exploration in its western and southern waters in a fresh drive to tap domestic resources amid soaring energy prices and concerns over Russian gas supplies, government sources said on Tuesday. Greece has produced small quantities of oil in the past and has attempted to explore its hydrocarbon potential, but low crude prices in

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SBM awarded with ONE GUYANA FPSO construction contract

April 5, 2022
| Archives

SBM Offshore has announced that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of contracts for the Yellowtail development project located in the Stabroek Block, offshore Guyana. Under these contracts, SBM Offshore will construct, install and then lease and operate the ONE GUYANA FPSO for a period of up to two years, after which

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Longboat Energy announces significant discovery offshore Norway

April 5, 2022
| Archives

Longboat Energy, the emerging full-cycle North Sea E&P company, has announced a significant discovery in the Equinor operated Kveikje exploration well (35/10-8S) in license PL293B (Company 10%). The preliminary estimate of recoverable resources in Kveikje Main, being the primary target of the exploration well, is 28 to 48 MMboe (gross), above the pre-drill expectation. The discovery has excellent reservoir quality and is close to existing infrastructure allowing for a simple development through multiple export options. Read more here...  Longboat Energy Join our mailing list here

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KCA Deutag awarded drilling contract using grid power

April 5, 2022
| Archives

Neptune Energy today announced the award of a contract to drill the Z17 well in the Adorf carboniferous gas field, north-west Germany, to KCA Deutag. Operated with power from the grid, KCA Deutag’s rig will use electrical motors in place of diesel-driven generators, removing an estimated 1,000 tonnes of CO2 emissions from the drilling operation. Neptune has been

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Rig Lynx awarded digital marketing contract with Texas International Freight

April 4, 2022
| Press Releases

Houston, Texas – April 4, 2022 – Rig Lynx, a specialized social network and provider of oil and gas online marketing solutions announced today that it has been awarded a 1 year contract with Texas International Freight, a small, full-service international shipping and logistics company based in Houston, Texas that specialize in shipping heavy equipment worldwide, through air,

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Maersk bags long term work for the Voyager

April 4, 2022
| Archives

Maersk Drilling has been awarded contracts with Shell for the provision of the 7th generation drillship Maersk Voyager for drilling services offshore multiple countries. The contracts are expected to commence in April 2022, with a total firm duration of one year. The total contract value is approximately USD 107.5m, including a mobilization fee, but excluding integrated services expected to

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Borr lands new contracts and extensions

April 4, 2022
| Archives

Borr Drilling Limited announced it has been awarded new contracts and extensions for 5 of its premium jack-up drilling rigs. These awards increase the company’s backlog by approximately 2,530 days, excluding optional periods. The premium jack-up drilling rig “Gunnlod” has secured a contract with an undisclosed operator in Southeast Asia. This contract is expected to commence in direct

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Recon Africa provides exploration update for the Kavango Basin in NE Namibia and NW Botswana

April 4, 2022
| Archives

Reconnaissance Energy Africa (ReconAfrica) has provided an exploration update for the Kavango Basin in NE Namibia and NW Botswana, highlighting multiple drilling prospects and new play types following the integrated analysis of the two stratigraphic test wells and first phase of 2D seismic. The initial exploration and development is being conducted in the first of five sub-basins within the

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