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Exxon re-commences drilling offshore Guyana on Jabillo-1

June 7, 2021
| Archives

Westmount noted re-commencement of drilling operations at Jabillo-1 of the Canje block, part of offshore operations in Guyana. Jabillo-1 is the second of 3 exploration wells scheduled for drilling on the Canje block in 2021. Westmount holds an indirect interest in the Canje block as a result of its 7.7% interest in JHI Associates Inc. The Canje

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Turkey unveils new natural gas discovery

June 7, 2021
| Archives

President Recep Tayyip Erdogan announced the discovery of new natural gas deposits in the Black Sea, where Turkey plans to start production in 2023. State energy company Tpao found 135 billion cubic meters of gas at the Amasra-1 offshore well, bringing the total amount of deposits discovered over the past year to 540 billion cubic meters, Erdogan said

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Weatherford heads to NASDAQ

June 4, 2021
| Archives

Weatherford International plc announced that The Nasdaq Stock Market LLC ("NASDAQ") has approved its application for the relisting of Weatherford's ordinary shares on NASDAQ under the ticker symbol "WFRD", effective with the opening of trading on Wednesday, June 2, 2021. Girish Saligram, President and Chief Executive Officer, commented, "We are excited to fully return to the public markets on the Nasdaq stock

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Noble heading back to NYSE

June 4, 2021
| Archives

Noble Corporation announced that the Company has received approval for listing its ordinary shares on the New York Stock Exchange ("NYSE").  Trading is expected to commence under the ticker symbol "NE" at market open on June 9, 2021.  Robert Eifler, President and Chief Executive Officer of Noble, stated, "Listing our ordinary shares on the NYSE is an important

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Prosafe receives key support from lenders on financial restructuring

June 4, 2021
| Archives

Prosafe is pleased to announce that it has received support from lenders of Prosafe SE and Prosafe Rigs Pte. Ltd. on a comprehensive and material restructuring of the financial indebtedness of the group (the “Transaction”). The Company has received acknowledgment of credit approval (subject to certain conditions) in support of the Transaction from ca. 79% across the

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ReconAfrica confirms light oil and gas in Kavango Basin

June 4, 2021
| Archives

Reconnaissance Energy Africa (ReconAfrica) announced it has set intermediate casing and reports geologic results in the first section of the second well (6-1), which again confirms a working petroleum system in the Kavango Sedimentary Basin. As well, the Company is strengthening its Environment, Social & Governance (ESG) standard and committing a minimum of Canadian $10mm (Namibian $112mm)

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Repsol parts with Vietnam and Malaysia assets for $212 million

June 4, 2021
| Archives

Malaysian oil and gas exploration and production company Hibiscus Petroleum Bhd has acquired Spanish energy major Repsol Exploración, S.A.’s upstream assets in Malaysia and Vietnam for a cash consideration of $212.5 million, it said in a stock exchange filing on Friday. The acquisition comprises five production-sharing contracts, one of which is in Vietnam, a new market for Hibiscus.

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Sapphire Driller arrives in EG, preps for kickoff

June 3, 2021
| Archives

Equatorial Guinea’s Ministry of Mines and Hydrocarbons (MMH), announces the start of drilling by Trident Energy in Block G, following the arrival of the Sapphire Driller rig. Three infill wells – Elon-A, Elon-C and Elon-D – will be drilled in the Elon field to offset declining production at the nearby Ceiba and Okume Complex. These wells will serve to offset declining hydrocarbon

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Valaris picks up two more wells for the JU-291

June 3, 2021
| Archives

Valaris Limited announced that it has been awarded a two-well contract extension with Equinor Energy AS offshore Norway for VALARIS JU-291 (Stavanger), a heavy-duty ultra-harsh environment jackup. The extension is for an estimated 120 days in direct continuation of the existing contract and, as a result, the VALARIS JU-291 is now expected to be under contract through

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Karoon keeps the Maersk Developer on for two more wells

June 3, 2021
| Archives

Karoon Energy Ltd has exercised an option to add the drilling of two development wells at the Patola field offshore Brazil to the work scope of the semi-submersible rig Mærsk Developer. The work is expected to commence in the second half of 2022, in direct continuation of the rig’s previously agreed work scope with Karoon Energy Ltd. The contract

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