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Santos makes $6.5 bln bid for Oil Search

July 21, 2021
| Archives

Australia’s Santos Ltd said on Tuesday it made an A$8.83 billion ($6.48 billion) bid to buy Oil Search in a deal that would create a top-20 global oil and gas company. The all-stock proposal, which was made in June, implies a deal price of A$4.25, a 12.3% premium to Oil Search’s close on June 24. ($1 = 1.3622

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BHP considering exiting oil and gas business

July 21, 2021
| Archives

Global miner BHP Group is considering getting out of oil and gas in a multibillion-dollar exit as it looks to speed up its retreat from fossil fuels, Bloomberg News reported on Tuesday, citing people familiar with the matter. The world's biggest miner is reviewing its petroleum business and considering options including a trade sale, the report said, adding that

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Buyers circle Seadrill as it plots exit from bankruptcy

July 21, 2021
| Archives

Noble Corp and a consortium that includes Transocean Ltd and Dolphin Drilling are competing to acquire the assets of Seadrill Ltd, the bankrupt offshore oil driller controlled by Norwegian-born tycoon John Fredriksen, people familiar with the matter said on Tuesday. Seadrill is trying to emerge from its second U.S. Chapter 11 bankruptcy in four years: like many in

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July Newsletter 2021

July 19, 2021
| Monthly Newsletter

Top 5 Articles for June For June we had over 32k article views, here are the top 5! It was almost a full hand of Seadrill top news this month, with Equinor and Exxon coming in at the end. Thanks for reading with us and we wish you the rest of a great July! Stay safe! Read More Market WTI is sitting at $71.43 at the

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Rig Lynx Weekly Rundown – Aker Carbon Capture Launches Carbon Capture as a Service

July 19, 2021
| Weekly Rundown

Aker Carbon Capture Launches Carbon Capture as a Service Aker Carbon Capture has launched Carbon Capture as a Service; Carbon capture made easy, an integrated offering that covers everything a customer needs to reduce emissions by CCS. Read More Western Gas awards Valaris MS 1 drilling contract offshore Australia Western Gas has awarded Valaris a one well contract for the Valaris MS-1 mobile offshore

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Petrofac awarded 3 year extension with Neptune Energy

July 19, 2021
| Archives

Petrofac has been awarded a three-year contract extension from Neptune Energy valued in the region of US$14 million. The renewal, which comes into effect on 1 January 2022, includes provision of operations and maintenance services for Neptune Energy’s Cygnus Alpha platform in the Southern North Sea. The contract incorporates options to extend its term. Petrofac began working on the

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DOF awarded more contracts

July 19, 2021
| Archives

Norwegian offshore vessel operator DOF has secured contracts in Brazil for two of its anchor handling tug supply vessels. The company has won contracts through its Brazilian subsidiary Norskan The Skandi Paraty vessel, with an ROV onboard operated by DOF Subsea Brasil, has been awarded a one-year contract extension with Petrobras until July 2022. The Skandi Iguaçu AHTS is on-hire

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OPEC+ agrees to production increase starting in August

July 19, 2021
| Archives

OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2-year highs as the global economy recovers from the coronavirus pandemic. The group, which includes OPEC countries and allies like Russia, crucially agreed new production allocations from May 2022 after Saudi Arabia and others agreed to a request from the

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Rig Lynx Monthly Rundown – Top 5 for June

July 18, 2021
| Monthly Rundown

For June we had over 32k article views, here are the top 5! It was almost a full hand of Seadrill top news this month, with Equinor and Exxon coming in at the end. Thanks for reading with us and we wish you the rest of a great July! Stay safe! Seadrill line up 5 rigs for scrapping Seadrill is to scrap five

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