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Author: Admin

Seadrill awarded long term contract for the West Jupiter

December 13, 2021
| Archives

Seadrill has secured a contract with Petrobras for work in the Búzios field offshore Brazil for the West Jupiter. The contract is for a firm term of 1,040 days with commencement expected in December 2022. Total contract value is approx. $264m (inclusive of mobilization revenue and additional services). Seadrill’s Chief Executive Officer, Stuart Jackson, commented: 'Petrobras is a long-standing and valued customer of Seadrill and signing a

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Shell confirms Deepwater Pontus BOP incident

December 13, 2021
| Archives

According to Esgian, an Oslo based company that provides analytical tools for the energy industry, noted that 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. A Shell spokesperson confirmed that a BOP had been dropped to the ocean floor

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Rig Lynx Weekly Rundown – Stena announces purchase agreement with SHI for drillship

December 13, 2021
| Weekly Rundown

Stena announces purchase agreement with SHI for drillship Stena Drilling has entered a purchase option agreement with Samsung Heavy Industries for a drillship. This gives Stena Drilling the possibility to offer the market a state of the art drilling service with minimal carbon footprint. Read More SHI unloads another stranded newbuild drillship Samsung Heavy Industries has found a buyer for an

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North America Rig Count: U.S. adds 7 and Canada drops 3

December 13, 2021
| Weekly Rig Count

Baker Hughes Rig Count: U.S. +7 to 576 rigs U.S. Rig Count is up 7 from last week to 576 with oil rigs up 4 to 471, gas up 3 to 105, and miscellaneous rigs unchanged at 0. U.S. Rig Count is up 238 rigs from last year's count of 338, with oil rigs up 213 gas rigs up

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850 lb Pot Brownie, Camel Beauty Contest, Omicron, Blue Origin, WWE College Recruits OT EP 26

December 13, 2021
| OVERTIME

Join Greg and Ryan for another episode of Overtime! - Oil Prices - Omicron Effects, Price Rebound - Biden Taking the Fed Green - Blue Origin Delays Michael Strahan’s Flight - WWE Racks Up College Recruits - 850lb Pot Brownie - Camels Disqualified from Beauty Contest SUBSCRIBE TO THE PODCAST: https://www.spreaker.com/show/overtime_16 LISTEN ON: ITUNES: https://podcasts.apple.com/us/podcast/overtime/id1543586841 SPOTIFY: https://open.spotify.com/show/011NdEFDU9kjroD2C6WJZR?si=p6H58eTDR-6FwiH7uB5KaA YouTube: https://www.youtube.com/c/RigLynx ADD US ON: LINKEDIN: https://www.linkedin.com/company/rig-lynx ADD US ON: INSTAGRAM: https://www.instagram.com/riglynx/ Rig Lynx LLC nor War Room Media own any of

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Seatankers Group buys up 5 percent of Valaris common stock

December 9, 2021
| Archives

Valaris Limited announced that Famatown Finance Limited, a company indirectly controlled by trusts settled by John Fredriksen and a member of The Seatankers Group, has accumulated through open market transactions approximately 5% of the common shares of Valaris. Anton Dibowitz, President and Chief Executive Officer of Valaris, commented: “Valaris welcomes the interest and investment from The Seatankers Group,

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TotalEnergies sells off terminal assets in Gabon to Perenco for $350 million

December 9, 2021
| Archives

After receiving the approval of Gabonese authorities, TotalEnergies announces the closing of its agreement to divest to Perenco Oil and Gas Gabon the Cap Lopez Terminal and non-operated assets of its 58%-owned affiliate TotalEnergies EP Gabon.   With this transaction, in an amount of $350 million before final adjustment, TotalEnergies EP Gabon is divesting its interests in seven

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Prosafe gets extension for Concordia

December 9, 2021
| Archives

Prosafe announced that the Safe Concordia contract has been extended The firm charter period of the Safe Concordia in Trinidad and Tobago has been extended and takes the firm operational period through to end-January 2022. Total value of the contract extensions is approximately USD 6 million. Source: Prosafe Join our mailing list here

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Shell announces new discover at Blacktip

December 9, 2021
| Archives

Shell has announced a material discovery at the Blacktip North prospect in the U.S. Gulf of Mexico. The Blacktip North well encountered approx. 300 feet net oil pay at multiple levels. Evaluation is ongoing to further define development options. 'The Blacktip North prospect is the latest example of discovering new resources in our advantaged corridors,' said Paul Goodfellow, Executive Vice President of

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Valaris announces Anton Dibowitz as President and CEO

December 9, 2021
| Archives

Valaris Limited announced that its Board of Directors has appointed Mr. Anton Dibowitz as President and Chief Executive Officer, effective immediately. Mr. Dibowitz, who has been serving as interim President and Chief Executive Officer of Valaris since September 3, 2021, is also a member of the Company’s Board of Directors. “Anton has done a tremendous job leading Valaris

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