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Confidence in the oil and gas industry remains high – Australia APPEA Chief

December 21, 2021
| Archives

Two Federal Government reports confirm there is a multibillion-dollar oil and gas investment pipeline well into the future, propelling economic activity to record levels, according to the Australian Petroleum Production & Exploration Association (APPEA). The Resources and Energy Major Projects 2021 Report reveals LNG, oil and gas projects account for 42 per cent of the total for the

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India launches OALP Bid Round VII

December 21, 2021
| Archives

The government of India has launched OALP Bid Round-VII on 16th December, 2021 offering 8 Blocks for Exploration and Development through International Competitive Bidding. Features of OALP Bid Round–VII are as quoted below: 8 Blocks spread over 6 Sedimentary Basins, 5 States covering 15,766 Sq. Km of area Out of 8 Blocks, 5 Blocks are Onland type, 2 Blocks are

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TotalEnergies and Oman sign agreement on future gas projects

December 21, 2021
| Archives

TotalEnergies has signed with the Ministry of Energy and Minerals of the Sultanate of Oman a series of agreements for the sustainable development of the country’s natural gas resources. These agreements include: The establishment of Marsa LNG, an integrated company between TotalEnergies (80%) and Oman National Oil Company, OQ (20%). Marsa LNG will produce natural gas from Block

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Maersk Drilling launches Horizon56

December 21, 2021
| Archives

For the past two years, Maersk Drilling has spearheaded an innovative effort to develop a first-of-a-kind product to support digitalization of offshore drilling processes. The solution, known as RigFlow, has now been segregated into the digitally focused company named Horizon56 A/S to drive further development and commercialization. Horizon56 has been founded as a fully-owned Maersk Drilling subsidiary, with the ambition over time

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H&P and ADNOC finalize Rig Enablement Agreement

December 21, 2021
| Archives

ADNOC Drilling Company and Helmerich & Payne, Inc. announced the finalization of the Rig Enablement Framework Agreement. The Framework Agreement will advance ADNOC Drilling’s land rig operational performance, as well as support its ambitious growth and expansion plans. Focused on improving drilling efficiencies and unlocking operational savings, the Framework Agreement builds on the Asset Purchase Agreement and IPO

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Rig Lynx Weekly Rundown – Shell confirms Deepwater Pontus BOP incident

December 20, 2021
| Weekly Rundown

Shell confirms Deepwater Pontus BOP incident Shell has confirmed that Transocean drillship Deepwater Pontus has been forced to stop working since losing a blowout preventer (BOP) when completing a well late last month. Read More Borr lands new work for the Norve and Thor jackups Borr Drilling has secured a contract for the “Norve” with BW Energy and secured a Letter

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Island Drilling awarded work for the Innovator

December 20, 2021
| Archives

According to Esgian, an Oslo based company that provides analytical tools for the energy industry, noted that Petrofac has awarded Island Drilling Company AS a contract to conduct a workover on Tailwind Energy’s Orlando Field with semisub Island Innovator in Q2/Q3 2022. Island Innovator is a 6th generation Harsh Environment rig delivered in 2012. In addition, the

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Subsea 7 awarded Australia and North Sea projects

December 20, 2021
| Archives

Subsea 7 has announced the award of a large(1) contract to Subsea Integration Alliance(2) by Woodside, as Operator for and on behalf of the Scarborough Joint Venture(3), for the Scarborough project, located approx. 380km offshore North West Australia. The project work scope covers the engineering, procurement, construction, and installation (EPCI) of subsea pipelines and production systems. The development will include 45 kms of rigid flowlines, six

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Wood brings in $160 million worth of North Sea contracts

December 20, 2021
| Archives

Wood has further strengthened its position as the leading partner for operations solutions in the UK North Sea following a series of contract awards with key clients in the fourth quarter of 2021, including Shell UK and Dana Petroleum. The series of awards, collectively valued at around $160m, will see Wood leverage its rich heritage and expertise in North Sea energy infrastructure to

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Brazil lease auction brings in $2 billion

December 20, 2021
| Archives

France's TotalEnergies, Royal Dutch Shell, Malaysia's Petronas and Qatar Energy on Friday scooped up big offshore fields in Brazil together with state-owned Petrobras, paying nearly $2 billion to its cash-strapped government. While TotalEnergies (28%), Qatar Energy (21%) and Petronas (21%) made the top offer for Sepia field, Petrobras, formally Petroleo Brasileiro SA, later entered the consortium by exercising

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