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Liberia changes to direct negotiations of its 33 offshore blocks

June 17, 2021
| Archives

In keeping with provisions of the Amended New Petroleum Law, 2019, the Government of Liberia, through the Liberia Petroleum Regulatory Authority (LPRA, the Authority), working in collaboration with the National Oil Company of Liberia (NOCAL), announces its intention to open 33 offshore blocks (LB-1 to LB-33) for Direct Negotiations. These blocks cover the Harper and Liberia basins

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Transocean adds over $100m in backlog for harsh environment work

June 17, 2021
| Archives

Transocean Ltd. announced the Transocean Barents was awarded a two-well contract in Norway with commencement expected in February 2022. The contract award is approximately 200 days in duration and adds an estimated $60 million in firm contract backlog. Additionally, the Transocean Norge was awarded a four-well contract plus five one-well options in Norway with commencement expected in March 2022. The contract award is approximately 200 days in duration and adds an

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Ocyan lands three year Petrobras contract for the Norbe IX

June 17, 2021
| Archives

Petrobras will close a new charter contract with drillship Norbe IX, from Ocyan. The drilling company was declared the winner of the Brazilian oil company’s bid to contract one or more rigs as of the first quarter of 2022. The result of the tender was confirmed by Petrobras on the Petronect website. Despite the approval of the result,

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Shelf Drilling picks up one year contract for the Tenacious

June 17, 2021
| Archives

Shelf Drilling, Ltd. announced that it has secured a one-year contract for the Shelf Drilling Tenacious jack-up rig with a wholly owned subsidiary of Chevron Corporation (“Chevron”) – Cabinda Gulf Oil Company Limited (“CABGOC”), for operations offshore Angola. The contract is expected to commence in January 2022 and includes multiple option periods. David Mullen, Chief Executive Officer,

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New Texas Law Combats War on Oil and Gas

June 15, 2021
| Archives

Texas is drawing battle lines in a fight against investors and companies turning their backs on fossil fuels. Governor Greg Abbott signed a bill into law on Monday banning state investments in businesses that cut ties with the oil and gas industry. The underlying message, according to one of the most powerful energy regulators in the state, is simple: Boycott

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NAMCOR and ReconAfrica agree to develop Kavango Basin

June 15, 2021
| Archives

The National Petroleum Corporation of Namibia (NAMCOR) and Reconnaissance Energy Africa (ReconAfrica) announced a Joint Operating Agreement (JOA) to develop the resource potential of the Kavango Sedimentary Basin, Northeast Namibia. Under the agreement, the two companies will jointly pursue an ongoing petroleum exploration program in the Kavango East and Kavango West regions of Namibia, with ReconAfrica covering the

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Borr lands Pemex extension and restructures JVs

June 15, 2021
| Archives

Borr Drilling Limited has five rigs working for joint ventures which are jointly owned with our Mexican partner providing integrated well services for Pemex. The services commenced in May 2019 and have provided Pemex with an incremental production of approximately 125,000 barrels of oil per day from 21 wells drilled so far. In our most recent meeting

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Oil States bags Petrobras subsea maintenance contract

June 15, 2021
| Archives

Oil States do Brasil won an important contract with Petrobras to maintain equipment and accessories and to support the oil company's offshore operations. The contract will provide operational support for various subsea equipment used in Petrobras projects to ensure full availability in operations. This type of contract, which historically was executed within the EQSB Maintenance Workshop of Petrobras, had

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Alaska sells eight oil and gas leases in Cook Inlet

June 14, 2021
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Two companies successfully bid on nearly 21,000 acres of oil and gas tracts in Cook Inlet this week. HEX Group and Strong Energy Resources both purchased leases in the state’s spring sale, for a combined total of $450,000. This is the first time a company other than Hilcorp Alaska has won leases in a state sale since 2015. Anchorage-based

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Gabon extends 12th round licensing until June 30th

June 14, 2021
| Archives

Gabon’s Minister of Petroleum, Gas and Mining, H.E. Vincent de Paul Massassa, announced the extended closing date for the Gabon 12th Shallow and Deep-Water Licensing Round. The new closing date for the submission of tenders is June 30, 2021. PGS screening datasets allow the evaluation of all 35 open blocks in the ongoing Gabon shallow and deep-water

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