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Archives

Maersk Drilling secures one-well contract extension with Total in Suriname

May 14, 2021
| Archives

Total E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional appraisal well in Suriname’s Block 58 to the work scope of the semi-submersible rig Maersk Developer. The contract extension has an estimated duration of 100 days, with work expected to commence in end-May 2021 in direct continuation of the rig’s previously

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Tullow Oil Emerges from Overhaul with $1.8B Bond. No More Asset Sales Planned, CEO Says

May 11, 2021
| Archives

Tullow Oil's $1.8 billion bond, which was launched to help it manage a $2.4 billion debt pile, drew more interest from investors than expected after the Africa-focused producer's financial overhaul, the chief executive said on Friday. Rahul Dhir also told Reuters the firm did not plan to sell more oil and gas fields after disposing of assets worth

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Oil Majors could see proven reserves run out in less than 15 years as output is not replaced by discoveries

May 11, 2021
| Archives

The proven oil and gas reserves of the group of major companies are falling at an alarming rate, as produced volumes are not being fully replaced with new discoveries. A Rystad Energy analysis shows that Big Oil lost 15% of its stock levels in the ground last year, with remaining reserves set to run out in less

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SDPL bags 4 well deal for the West Capella

May 11, 2021
| Archives

Seadrill Partners LLC has secured a four well contract plus an option for up to seven additional wells for the West Capella in Malaysia. Total Contract Value for the firm portion of the contract is expected to be approximately $43 million with commencement expected in May 2021 and running to November 2021. Source: Seadrill Partners Join our mailing list

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Shelf Drilling First Quarter Highlights

May 11, 2021
| Archives

Shelf Drilling, Ltd. announced results for the first quarter of 2021 ending March 31. David Mullen, Chief Executive Officer, commented: “We delivered good operational and financial performance in the first quarter of 2021 despite the very challenging environment imposed by the COVID-19 pandemic. The recent surge in infections has been particularly harmful in several of the geographies

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Petrofac secures contract for BP project in Mauritania and Senegal

May 10, 2021
| Archives

Petrofac has secured a contract with BP to develop operational procedures for their Greater Tortue Ahmeyim (GTA) Project in Mauritania and Senegal The GTA Phase 1 project is creating a new LNG hub in Africa.  Centred on minimising risk and harm to personnel, plant and the environment, the procedures will encompass all offshore operations, including subsea, floating production storage and

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Transocean awarded 9 well P & A for the Discoverer Inspiration

May 10, 2021
| Archives

According to Esgian, an Oslo based company that provides analytical tools for the energy industry noted that Transocean's Discoverer Inspiration has signed with Hess Corp. for a 9-well P&A campaign in the US GoM. The contract is expected to commence in Q4 2021 and will take approximately 240 days. The ultra-deepwater drillship is currently warm stacked in

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Odfjell awarded additional well for the Deepsea Atlantic

May 10, 2021
| Archives

Equinor has exercised one additional well to the Deepsea Atlantic contract. The well has been exercised under the Continued Optionality mechanism in the contract entered into between the parties in May 2018, as part of the overall Master Frame Agreement. The work shall commence after the completion of the current scope estimated to be in Q3 2021. The

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Valaris awarded 240 day extension for JU-115 offshore Thailand

May 10, 2021
| Archives

Valaris Limited announced today that it has been awarded a contract extension of approximately 240 days with Mubadala Petroleum Thailand offshore Thailand for VALARIS JU-115, a heavy-duty modern jackup. The extension is anticipated to begin in the first quarter of 2022 and, as a result, the VALARIS JU-115 is now expected to be under contract through September

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Wolford steps in to lead Diamond Offshore

May 10, 2021
| Archives

Diamond Offshore Drilling, Inc. announced today that Bernie G. Wolford Jr. has been named the Company's President and Chief Executive Officer and will also serve on the Board of Directors. Mr. Wolford succeeds Marc Edwards, who retired from the Company as Chairman, President and Chief Executive Officer on April 23, 2021 when the Company and its debtor affiliates emerged from their chapter

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Rig Lynx is a next-gen consultancy and tech partner built at the crossroads of energy operations, AI integration, and digital engagement. With nearly 30 years of experience across global offshore campaigns—Rig Lynx merges frontline expertise with modern tech to drive safety, performance, and strategy.

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