Archives Archives - Page 138 of 350

Lundin adds on three more wells for the now contracted Deepsea Stavanger

March 3, 2021

Reference is made to the stock exchange notice of 25 January 2021 in which Odfjell Drilling Ltd announced the award of letters of intent with Lundin Energy Norway for the use of Deepsea Stavanger. Final contract for the drilling campaign has now been signed. The duration of the contract is changed to three (3) firm wells plus six

A major shift with API as they look at endorsing carbon emission pricing

March 3, 2021

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The main U.S. oil industry lobby group, the American Petroleum Institute, is weighing endorsing a price on carbon emissions, a major shift after long resisting mandatory government climate policies, a source familiar with the decision-making said. The American Petroleum Institute, which includes most of the world’s biggest oil companies, is considering endorsing carbon pricing “among other policy solutions

Petrobras has received nearly $1 billion in reimbursements relating to Lava Jato

March 2, 2021

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Petrobras has received a deposit of R $ 360 million (US $ 65 million) in the last few days due to the leniency agreement of Samsung Heavy Industries (SHI). The amount is the first installment disbursed by the Korean company, which will make a total payment of R $ 705.9 million in reimbursement to the Brazilian oil company. SHI's

Chariot signs MOU for the Anchois Gas project with focus on Morocco

March 2, 2021

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Chariot Oil & Gas has signed a Memorandum of Understanding (MOU) along with its partner the Office National des Hydrocarbures et des Mines (ONHYM) with the Ministry of Industry, Trade and Green and Digital Economy in Morocco. The MOU relates to the Ministry’s support of Chariot and ONHYM’s Anchois Gas Development project as a potential provider of

Baker and Akastor create JV focusing on the global offshore drilling equipment market

March 2, 2021

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Baker Hughes and Akastor ASA have announced an agreement to create a joint venture company that will bring together Baker Hughes’ Subsea Drilling Systems business with Akastor’s wholly owned subsidiary, MHWirth AS. The Company will deliver a global full-service offshore drilling equipment offering that will provide customers with a broad portfolio of products and services. The transaction will result in

TechnipFMC focus on Brazil as they lead the way with subsea projects for 2021

March 2, 2021

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TechnipFMC’s expectations with the Brazilian market are high. The company recently released its 2020 financial results and also presented its outlook for this year. According to the company, Brazil will be the country with the highest number of new subsea project orders in 2021. The company has mapped eight opportunities for new contracts in the country, all

Recon Africa Kavingo Basin Update

March 1, 2021

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ReconAfrica (Reconnaissance Energy Africa) recently provided an update on its drilling program in the Kavango sedimentary basin in the Kalahari Desert of North East Namibia. As previously announced on January 11, the company commenced drilling operations on the first well (6-2), of an initial three well program to evaluate potential hydrocarbon systems in one of five major

NYSE underway with CNOOC delisting

March 1, 2021

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The New York Stock Exchange on Friday decided to begin formal delisting of Chinese state oil giant CNOOC Ltd based on an update to an executive order signed by former U.S. President Donald Trump in November last year. Prohibitions on CNOOC will take effect on March 9, 60 days after the company was added to the list that

Exxon Mobil appoints two new directors to its board

March 1, 2021

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Exxon Mobil Corporation said today that Michael Angelakis and Jeffrey Ubben have joined its board of directors. Angelakis is chairman and CEO of Atairos, an independent strategic investment company focused on supporting growth-oriented businesses across a range of industries. Prior to founding Atairos, he served as Comcast Corporation’s vice chairman and chief financial officer. In those roles, Angelakis led

Are private shale operators ramping up?

March 1, 2021

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The battered and bruised U.S. shale industry is finding a resurgence in one of the most unlikely places: private operators most investors have never heard of. Take the case of little known, closely held DoublePoint Energy. It’s now running more rigs in the Permian Basin than giant Chevron Corp. Meanwhile, family-owned Mewbourne Oil Co. has about the same

Archives

Lundin adds on three more wells for the now contracted Deepsea Stavanger

A major shift with API as they look at endorsing carbon emission pricing

Petrobras has received nearly $1 billion in reimbursements relating to Lava Jato

Chariot signs MOU for the Anchois Gas project with focus on Morocco

Baker and Akastor create JV focusing on the global offshore drilling equipment market

TechnipFMC focus on Brazil as they lead the way with subsea projects for 2021

Recon Africa Kavingo Basin Update

NYSE underway with CNOOC delisting

Exxon Mobil appoints two new directors to its board

Are private shale operators ramping up?

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International Rig Count up 12% from last year

North America Rig Count: U.S. -4 to 751 Canada -12 to 127

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