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Total poised for restart in Mozambique

March 24, 2021
| Archives

Total will restart construction at its $20 billion liquefied natural gas (LNG) development in Mozambique after the government increased security, the French energy firm said on Wednesday. In January, Total withdrew most of its workforce from the site in Mozambique’s northernmost province of Cabo Delgado, where there has been an insurgency, now linked to Islamic State, since 2017,

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Seadrill Limited granted 3rd extension on forbearance agreement

March 24, 2021
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Seadrill Limited announces that Seadrill New Finance Limited (the “Issuer”), a subsidiary of the Company, has agreed to extend the existing forbearance agreement announced on 11 February 2021, and extended on 23 February 2021 and 9 March 2021, with respect to the 12.0% senior secured notes due 2025 (the “Notes”) with certain holders of the Notes (the

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Nigeria votes in $1.5 billion rehab plan for Port Harcourt refinery

March 23, 2021
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Nigeria’s Federal Executive Council has approved $1.5 billion (approximately N575 billion) for the rehabilitation of the Port Harcourt refinery, with funding derived from Nigerian National Petroleum Corporation, Internally Generated Revenue, budgetary allocations provisions and the African Export-Import Bank. According to an announcement by H.E. Chief Timipre Sylva, Minister of State for Petroleum Resources, the contract for the project

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Enhanced Drilling and Transocean usher in new EKD system

March 23, 2021
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Enhanced Drilling together with partner Transocean, has developed a new Enhanced Kick Detection system (EKD). The system eliminates the external effects of rig and slip-joint motion, to give a highly accurate return volume flow measurement enabling rapid detection of flow anomalies, resulting in reduced time spent on flow-checking. The new EKD system is based on experience and insight

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Standard Drilling purchases 500,000 shares of Noble Drilling

March 22, 2021
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S.D Standard Drilling Plc has purchased 500,000 shares, corresponding to 1% ownership, in Noble at USD 18.5 per share.  Noble completed its restructuring- and Chapter 11 process on 5 February 2021. Having disposed five cold stacked rigs in the fourth quarter, Noble enters 2021 with 19 offshore drilling units, consisting of 7 drill ships and semisubmersibles and

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Aker BP add on another year for the Deepsea Nordkapp

March 22, 2021
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Aker BP has exercised the second 12-month option for Deepsea Nordkapp under the Contract entered into between the parties in April 2018. The second 12-month option shall commence after expiry of the first optional period in June 2022.   The approximate contract value for the exercised optional scope is USD 109 million (excluding any integrated services). In addition,

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Rig Lynx Rewind: Transocean announces the retirement of the original dual activity drillships

March 21, 2021
| Archives

Transocean Ltd. has announced that it intends to retire in an environmentally responsible way, the following three ultra-deepwater floaters: Discoverer Enterprise, Discoverer Spirit, and Discoverer Deep Seas. These rigs are classified as held for sale. As a result of the Company's decision on August 27, 2019, to authorize retirement of these three rigs and associated equipment, the Company expects its third quarter

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Vantage Drilling and Seadrill Partners finalize agreement on management of SDPL floaters

March 20, 2021
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Vantage Drilling International (“Vantage”), announced that it has entered into a Framework Agreement and related Management and Marketing Agreements with Seadrill Partners LLC (“Seadrill Partners”) under which Vantage’s subsidiaries will provide operating, management and marketing services to Seadrill Partners and its subsidiaries in respect of four of their deepwater floaters, which include the drillships: the West Polaris and the West

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