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Eni in preliminary talks to buy Neptune Energy for $5-6 bln

December 6, 2022
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Eni is in preliminary talks to buy private-equity backed gas and oil producer Neptune Energy for around $5 billion -$6 billion, a source with knowledge of the matter said on Wednesday, adding that no official bid had been submitted. Neptune produces around 130,000 barrels of oil equivalent per day (boed), three-quarters of which is gas. It has operations in

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Norway to postpone oil and gas licensing round

December 6, 2022
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Norway will not issue licences for energy companies to explore for oil and gas in frontier areas during the life of the current parliament, which ends in 2025, its oil and energy minister told Reuters. The decision to postpone the so-called 26th licensing round was part of the minority government's budget deal with the opposition Socialist Left Party

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ARO Drilling announce contract extensions

December 6, 2022
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ARO Drilling announced via social media that they secured 3 year contract extensions with Saudi Aramco for Rig BB 84 commencing December 2022 and Rig ED 85 commencing in February 2023. Both jackups are bareboat charted to ARO Drilling from Valaris Source: ARO Drilling Join our mailing list here

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Saipem exercises purchase option for the Santorini

December 6, 2022
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Saipem has exercised its purchase option concerning the seventh-generation Santorini drillship, which is already operating within the Saipem fleet by way of a long-term charter agreement signed with Samsung Heavy Industries in 2021. The exercise price of the purchase option is 230 million USD, to be paid by the end of 2022. The Santorini, whose construction was completed in

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Perenco signs up Valaris 247 for work in the Ravenspurn field

November 28, 2022
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Perenco UK has signed a contract for a campaign of drilling operations using the Valaris 247 jack-up rig, the company announced on Monday. This rig will drill a minimum of three new drains within the existing Ravenspurn gas fields in the Southern North Sea.  The rig is scheduled to move onto location in January 2023 in preparation for

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CIMC jackup duo awarded 3 year contract extensions with PEMEX

November 28, 2022
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Managed by CIMC’s Asset Management Company, the two 400ft drilling jack ups named Gulf Driller VI and Gulf Driller VIII have been awarded with another 3-years contract extensions providing services to the end Client, PEMEX. “We are delighted to continue our services in Mexico with Gulf Driller VI and Gulf Driller VIII which are known for their high

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Shelf Tenacious contract extended offshore Angola

November 28, 2022
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Shelf Drilling, Ltd. announced that it has secured an extension on the Shelf Drilling Tenacious jack-up rig in direct continuation of its current contract for drilling operations offshore Angola until November 2023. The contract includes an additional one-year option. Source: Shelf Drilling Join our mailing list here

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Deepsea Atlantic extends time with Equinor

November 28, 2022
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Odfjell Drilling announced that Equinor has exercised its priced options for the Deepsea Atlantic to drill five additional wells on the Johan Sverdrup Phase 2 development under the contract entered into by the parties on 23.11.2020. The five wells are anticipated to take approx. 190 days with an approximate value of USD 64M and extends the Deepsea Atlantic’s firm backlog into Q1 2024. Source: Odfjell Join our

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Keppel O&M delivers jackup novated by Borr Driling to ADNOC Drilling

November 28, 2022
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Keppel Offshore & Marine (Keppel O&M), through its wholly-owned subsidiary Keppel FELS, has delivered the first of three jackup rigs to ADNOC Drilling.  The three rigs were part of a series of five rigs that Keppel FELS had been building for Borr Drilling. As set out in Keppel’s announcement dated 12 October 2022, Keppel O&M entered into an agreement with

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