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BP applies to set up U.S. retail power business

April 26, 2021
| Archives

BP has applied to supply U.S. residential customers with electricity generated from wind, solar and natural gas, betting on a rapid growth in power demand as economies shift away from fossil fuels to battle climate change. BP wants to supply electricity in California, Illinois, Ohio, Pennsylvania and Texas in its first foray into the retail power business, according

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Diamond Offshore Emerges from Chapter 11

April 26, 2021
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Diamond Offshore Drilling, Inc. announced today that, on April 23, 2021, it and its debtor affiliates emerged from their chapter 11 process after successfully completing a financial reorganization pursuant to their joint plan of reorganization. The restructuring significantly delevers the Company's balance sheet and provides substantial liquidity for the Company, resulting in the equitization of approximately $2.1 billion in senior unsecured

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Rig Lynx Rewind: Transocean’s 712 headed for scrap

April 26, 2021
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Originally published on May 14, 2020 On May 8, 2020, Transocean announced that it intends to dispose of the following two rigs: the ultra-deepwater floater GSF Development Driller II and the midwater floater Transocean 712. These rigs are classified as held for sale. The Company expects to dispose of the Transocean 712 in an environmentally responsible way and is

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Shelf awarded 3 year contract for the J.T. Angel

April 23, 2021
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Shelf Drilling, Ltd. announced today that it has received an award for a three-year contract for the J.T. Angel jack-up rig with Oil and Natural Gas Corporation (ONGC) for operations in the Mumbai High, offshore India. The planned start-up of operations is Q4 2021. Source: Shelf Drilling Join our mailing list here

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Schlumberger signals improving international drilling activity

April 23, 2021
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International oil activity should ramp up through the end of this year and beyond, Schlumberger NV top boss Olivier Le Peuch said on Friday, a shift that will help the company grow revenue outside North America by double-digits in the second half of the year. The oilfield services provider, which has been selling assets in North America, said

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Maersk Discoverer awarded more work offshore Guyana

April 22, 2021
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Maersk Drilling has been awarded a one-well contract by CGX Resources Inc., operator and joint venture partner with Frontera Energy Guyana Corp, for the semi-submersible rig Maersk Discoverer to perform exploration drilling in the Corentyne Block offshore Guyana. The contract has an estimated duration of 75-85 days and is expected to commence in third quarter 2021, in

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Azinam Acquires 50% Stake in Block 2B Offshore South Africa

April 22, 2021
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Oil exploration company Azinam South Africa has acquired a 50% operating interest in Block 2B, offshore South Africa. As the operator of the block, Azinam – together with its partners African Energy Corp, Panoro Energy and Crown Energy – will drill a well targeting 349 million barrels of oil (mmbbl), near the A-J1 oil discovery. “With A-J1 having flowed

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CGG and dCarbonX Sign Strategic Agreement for Decarbonization Exploration

April 22, 2021
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CGG has signed a strategic agreement to support dCarbonX in the subsurface assessment of its operated clean energy projects offshore Ireland and the UK (which include geothermal energy and storage sites for CO2, hydrogen and ammonia). Such projects are critical in the ongoing energy transition from fossil fuels to renewable energy systems. CGG brings its integrated geoscience solutions

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Petrobras awards TechnipFMC with significant subsea contract

April 21, 2021
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TechnipFMC announced that it has been awarded a significant(1) subsea contract from Petrobras for the Marlim and Voador fields, located offshore Brazil. TechnipFMC will supply up to eight manifolds for production and injection, utilizing the all-electric Robotic Valve Controller (RVC). The contract also includes associated tools, spares and services. The RVC is a unique robotic technology that replaces traditional subsea

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ONGC says 3 employees kidnapped in eastern Assam

April 21, 2021
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India's top oil producer Oil and Natural Gas Corp Ltd said three of its employees were kidnapped by gunmen from a rig site in the eastern Assam state on Wednesday. The employees were kidnapped in a company-owned vehicle from the state-run firm's Lakwa field in Assam's Sivasagar District, where the exploration company has been operating for nearly six

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