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Namibia offshore trio announce find at Graff

February 7, 2022
| Archives

The National Petroleum Corporation of Namibia (NAMCOR), the Namibian state-owned oil company, and its partners, Shell Namibia Upstream and Qatar Energy, have announced that the Graff-1 deep-water exploration well has made a discovery of light oil in both primary and secondary targets. The Graff-1 well has proved a working petroleum system for light oil in the Orange Basin, offshore Namibia, 270 km from the town of Oranjemund. Drilling operations commenced in early December 2021 and were safely

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Solstad announces over $48 million in new contracts

February 7, 2022
| Archives

Solstad Offshore ASA is pleased to announce awards of multiple contracts involving several of its subsea vessels. The contracts have a combined firm utilization of 640 days, with additional options thereafter, on projects in the North Sea, Brazil and West Africa. The contracts, that have a combined value of approximately NOK 400 million (45.8 million USD), including additional services,

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Rig Lynx Weekly Rundown – Seadrill New Finance Limited Emergences from Chapter 11

February 7, 2022
| Weekly Rundown

Seadrill New Finance Limited (to be renamed Paratus Energy Services Ltd.) Emergences from Chapter 11 Seadrill Limited and the Issuer announced that the Issuer has emerged from chapter 11 after successfully completing its pre-packaged restructuring pursuant to its chapter 11 plan of reorganization (the “Plan”). Read More KCA Deutag bags 10 year newbuild deal for 4 rigs Petroleum Development Oman (PDO) will

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Maersk Drilling secures contract extensions for Maersk Viking

February 4, 2022
| Archives

Sarawak Shell Berhad/Sabah Shell Petroleum Corporation (SSB/SSPC) has executed two options on the previously announced contract that will employ the 7th generation drillship Maersk Viking offshore Malaysia. The first option will be novated to TotalEnergies EP Malaysia for the drilling of one deepwater well at the Tepat project, while the second option will be novated to PETRONAS Carigali Sdn. Bhd., a subsidiary

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Stena Drilling awarded a new contract for the Stena Don

February 4, 2022
| Archives

Stena Drilling have signed a new contract with PetroFac for the hire of the modu Stena Don The hire of the Stena Don, which will commence in Q4 2022 lasting an estimated 80 days, has been awarded in support of a one firm well campaign on Tailwind Energy’s Gannet E field in the UK Continental Shelf. The contract with

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FAR receives off-market takeover offer

February 4, 2022
| Archives

FAR Limited has received an off-market takeover offer from Samuel Terry Asset Management, a boutique investment management company based in Sydney, for A$0.45 cash per share. The Bidder currently has a relevant interest of approx. 4.9% in FAR through the holding of Samuel Terry Asset Management as trustee for Samuel Terry Absolute Return Fund. In making the Offer, Bidder is seeking to increase its interest in FAR to at least

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PGS awarded 4D contract in GoM

February 4, 2022
| Archives

PGS has been awarded a 4D contract in the Gulf of Mexico. A Ramform Titan-class vessel is scheduled to commence acquisition late February and complete late March. 'We are very pleased with this 4D contract award in the US Gulf of Mexico, which historically has been a MultiClient market . With our Ramform acquisition platform and superior multi-sensor GeoStreamer technology we will provide the client with high-quality 4D seismic data,' says President & CEO in PGS, Rune

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