+1(833) 396-4204 info@riglynx.com
Menu

Archives

Mozambique scaling up local content with influx of new investment

February 24, 2021
| Archives

Mozambique is experiencing an influx of investment across energy, agriculture, tourism, construction and mining sectors, positioning the country for transformative economic growth. The benefits of ongoing megaprojects, however, have the potential to extend beyond government revenues and critical infrastructure and to local capacity building and the assurance of sustainable socioeconomic improvement. In a bid to increase country-wide

Read More...

Kosmos Provides Africa Results and 2021 Operational Plans

February 24, 2021
| Archives

In its Q4 Highlights and 2020 Results, Dallas-based Kosmos Energy provided update on its operations and future plans in Equatorial Guinea, Ghana, and Mauritania/Senegal where it is partnered on the mega Phase 1 of the Greater Tortue Ahmeyim project. Production in Equatorial Guinea averaged approximately 31,200 bopd gross and 10,500 bopd net in the fourth quarter of 2020.

Read More...

Creditors for Seadrill New Finance Limited agree on forbearance

February 24, 2021
| Archives

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 with respect to the 12.0% senior secured notes due 2025 (the “Notes”) with certain holders of the Notes (the “Note Holders”). Pursuant to the forbearance agreement, as extended, the consenting

Read More...

Petronas announces two new discoveries

February 24, 2021
| Archives

Petronas announced today two separate finds have been made, one is the oil discovery at the Hidayah-1 exploration well in Indonesia through its subsidiary PC North Madura II Ltd. “The well encountered an oil-bearing carbonate build-up with good reservoir qualities in the Ngimbang carbonate formation and tested at approximately 2,100 BOPD (barrels of oil per day) with good

Read More...

U.K.s Premier Oil will re-emerge as Harbour Energy Plc April 1

February 24, 2021
| Archives

Premier Oil Plc, the indebted North Sea driller being swallowed by Chrysaor Holdings Ltd., will re-emerge as the largest independent oil and gas producer among UK stocks just as the global crude market roars back. With the takeover expected to complete by the end of March, Premier will start trading under its new name, Harbour Energy Plc, on

Read More...

Saipem awarded $1.7 billion USD in development work from Qatargas

February 23, 2021
| Archives

Saipem has received from Qatargas a Letter of Award for the development of the North Field Production Sustainability Offshore Project, located offshore of the North-East cost of Qatar peninsula. The contract is worth approximately 1.7 billion USD. The scope of work encompasses the Engineering, Procurement, Construction and Installation of various offshore facilities for the extraction and transportation of natural gas,

Read More...

Transocean continues to increase revenue and reduce debt

February 23, 2021
| Archives

Transocean released their fourth quarter report on Monday and its total contract drilling revenues was $690 million compared with $773 million in the third quarter of 2020 and $792 million in the fourth quarter of 2019. Contract drilling revenues for 4Q 2020 decreased sequentially by $83 million primarily due to reduced activities for two rigs that were idle, one rig

Read More...

Samsung Heavy hands over $148 million in leniency deal with Brazil authorities

February 23, 2021
| Archives

South Korean shipbuilder Samsung Heavy Industries agreed to pay 812 million reais ($148.56 million) in a leniency deal with Brazilian authorities to settle corruption investigations, federal prosecutors said late on Monday. On its website, the prosecutor’s office said the deal was part of a global negotiation between the company and U.S. and Brazilian authorities to settle alleged crimes

Read More...

Saudi Aramco eyes multiple bids for $10 billion pipeline

February 23, 2021
| Archives

Apollo Global Management Inc. and Global Infrastructure Partners are among suitors that bid for a roughly $10 billion stake in Saudi Aramco’s oil pipelines, people familiar with the matter said. Canada’s Brookfield Asset Management Inc., BlackRock Inc., sovereign wealth fund China Investment Corp. and Beijing-backed Silk Road Fund Co. have also made non-binding offers, the people said, asking

Read More...