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Month: June 2022

Aquadrill announces contract awards for the Polaris and T 15

June 1, 2022
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Aquadrill LLC and a subsidiary of Vantage Drilling have reached an agreement to provide the Polaris, a 6th generation drillship, for a 9 month contract for operations in India with Oil and Natural Gas Corporation Limited. The total contract value is expected to be approximately $66.5 million and work is expected to commence in Q4 2022 following relocation of the

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Vantage Drilling completes sale of 3 jackups to ADES

June 1, 2022
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Vantage Drilling International announced that its directly-held subsidiary, Vantage Holdings International (“VHI”), consummated the sale to ADES Arabia Holding (“ADES Arabia”), of all of the issued and outstanding equity of VHI’s wholly-owned subsidiary, Emerald Driller Company (“EDC”), for a purchase price of US$170,000,000 in cash, together with an additional $34 million in cash in respect of contract

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Woodside and BHP complete merger

June 1, 2022
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Woodside and BHP have completed the merger of Woodside with BHP’s oil and gas portfolio to create a global energy company. Woodside has acquired the entire share capital of BHP Petroleum International Pty Ltd (BHPP) and issued 914,768,948 new Woodside shares to BHP, which BHP will distribute to its eligible shareholders. Woodside will receive net cash of approximately US$1 billion, which includes

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Tullow and Capricorn merge

June 1, 2022
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Tullow Oil and Capricorn Energy have reached agreement on the terms of a recommended all-share combination. The 'merger of equals will create a leading African energy company with a material and diversified asset base and a portfolio of investment opportunities delivering visible production growth'. Under the terms of the Combination, each Capricorn Shareholder will be entitled to receive for each Capricorn Share: 3.8068 New

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