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Frontera and CGX joint venture plan Kawa-1 spud offshore Guyana

April 19, 2021
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Frontera Energy Corporation and CGX Energy Inc., joint venture partners in Petroleum Prospecting Licenses for the Corentyne and Demerara blocks offshore Guyana, announced that they have entered into a term sheet for a $19 million loan that will enable CGX to continue to finance its share of costs related to the Corentyne, Demerara and Berbice blocks, the Berbice Deepwater Port,

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Rig Lynx Rewind: Valaris DS 8 drops BOP stack off Angola

April 18, 2021
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Story originally published on March 10, 2020 The VALARIS DS-8 experienced a non-drilling incident while operating offshore Angola resulting in the blowout preventer (BOP) stack being disconnected from the riser while the rig was moving between well locations. The BOP stack dropped to the seabed floor, clear of any subsea structures. Valaris plc has located the BOP stack and

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Remus Horizons offers to buy FARs Sangomar assets

April 16, 2021
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Private investment fund Remus Horizons notified FAR Limited – an Australian oil company operating in Senegal’s RSSD offshore area – of its intention to takeover FAR’s assets in the Sangomar offshore oil development, a day ahead of the expected FAR shareholders meeting to approve the Woodside Energy transaction.   Remus has offered to buy FAR stock at AU $2.1. FAR had intended

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Shale: Drilling and completing faster than ever before

April 16, 2021
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Much has been said about the recent improvements in the drilling and completion speed of tight oil and shale gas in the US. Standardization of operations and high grading of equipment are viewed as the two key factors pushing both the TMD footage drilled, and lateral footage completed per day higher almost every quarter. As of the

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Maersk Viking awarded a new contract offshore Gabon

April 16, 2021
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Maersk Drilling has been awarded a one-well contract from PC Gabon Upstream S.A. (PCGUSA), a subsidiary of PETRONAS, for the provision of a deepwater drillship rig. The 7th generation drillship Maersk Viking will be employed to drill an ultra-deepwater exploration well at approximately 2,100 m water depth in Block F13 offshore Gabon. PETRONAS is a global energy and

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Noble completes the acquisition of Pacific Drilling

April 16, 2021
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Noble Corporation has announced the completion of its acquisition of Pacific Drilling Company LLC ("Pacific Drilling"), effective on April 15, 2021. Pacific Drilling's high specification ultra-deepwater drillship fleet further enhances Noble's global position as an owner and operator of one of the most modern and technically advanced fleets in the offshore drilling industry. Robert Eifler, President and Chief Executive

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Valaris receives 500-day deal for semi MS-1 (ex Atwood Osprey)

April 15, 2021
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It has now been confirmed that Santos has secured further time on moored semisub Valaris MS-1 to cover development drilling at its Barossa field development Phase 1 offshore Australia. The contract is expected to last for around 500 days, commencing from Q2 2022. The rig is due to commence another contract with Santos in the coming weeks

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ReconAfrica confirm positive results from Kavango Basin well

April 15, 2021
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Namibia’s Ministry of Mines and Energy (MME) and Reconnaissance Energy Africa (ReconAfrica) announced the preliminary analysis of the data from the 6-2 well, the first of a three-well drilling program, provides clear evidence of a working conventional petroleum system in the Kavango Basin. The well sample log of the 6-2 provides over 200 meters of oil and natural

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