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PGS Targets Lower Congo Basin in New Angola Acquisition

February 15, 2021
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PGS, in cooperation with ANPG, has begun a new fully prefunded MultiClient 3D survey in the Lower Congo Basin, near the river plume of the Congo in Angola Block 1/14. The acquisition phase will continue until April and fast-track data is expected in October 2021. Ramform Atlas is acquiring high-density 3D GeoStreamer data using a 10 x 8

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Frozen wind turbines in Texas halts 12k megawatts of power during winter storm

February 15, 2021
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Nearly half of Texas' installed wind power generation capacity has been offline because of frozen wind turbines in West Texas, according to Texas grid operators.  Wind farms across the state generate up to a combined 25,100 megawatts of energy. But unusually moist winter conditions in West Texas brought on by the weekend's freezing rain and historically low temperatures have iced many of those

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Maersk announces new contract details for the Discoverer

February 15, 2021
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Maersk announces new contract details for the Discoverer As stated in Friday’s Fleet Status Report, Maersk Discoverer will drill two exploration wells for BG International Ltd., a subsidiary of Shell, offshore Trinidad and Tobago where the rig has been performing safely and efficiently since making the transit from Egypt last year. The new contract is expected to commence in September this year. Source: Maersk Join our mailing list here

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Today we remember the Ocean Ranger

February 15, 2021
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February 15th marks the anniversary of the 1982 ODECO Ocean Ranger drilling rig disaster in which 84 offshore workers lost their lives. ODECO Ocean Ranger Ocean Ranger was a semisubmersible drilling rig, designed to operate in the world’s harshest offshore environments, with the capacity to withstand wind speeds of 100 knots (190 km/h) and wave heights of 110 feet

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Appeals court halts Alaska’s Willow oil project

February 15, 2021
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An appeals court has blocked construction of ConocoPhillips’ $2 billion-plus Willow crude oil project in Alaska, putting on hold plans for one of the biggest oil projects in North Slope history. The 9th Circuit Court of Appeals in a weekend order sided with environmental and Native plaintiffs who challenged the Trump administration’s go-ahead for ConocoPhillips’ Willow project. Trump

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Maersk Drilling releases annual report for 2020, holds revenue backlog of $1.3 billion

February 12, 2021
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Maersk Drilling releases Annual Report for 2020: Safeguarding performance in a challenging environment Financial performance for 2020 (2019 in brackets)  Revenue of USD 1,096m (USD 1,222m)  EBITDA before special items of USD 289m (USD 415m)  Cash flow from operating activities of USD 267m (USD 420m)  Capital expenditures of USD 162m (USD 309m)  Free cash flow of USD 17m

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Transocean issues fleet status update, holds $7.8 billion in backlog

February 12, 2021
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Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. As of February 12, the company’s total backlog is approximately $7.8 billion. This quarter’s report includes the following updates: Deepwater Corcovado – Customer exercised a 680-day option in Brazil; Deepwater Mykonos – Customer exercised a 815-day option in Brazil; Development Driller

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KenGen lands drilling contract for 3 geothermal wells

February 12, 2021
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Kenya Electricity Generating Company (KenGen) PLC has won yet another international contract to drill three geothermal wells in Djibouti. The company today signed a Ksh 709,822, 630 (USD 6,452,933) contract with Office Djiboutien De Development De lenergie Geothermique (Djiboutian Office of Geothermal Energy Development) (ODDEG). The ceremony, in Galla Le Koma, Djibouti, was attended by Kenya’s Energy Cabinet

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Tullow parts with assets in EG and Gabon for $180 million

February 12, 2021
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London-based exploration and production company Panoro Energy has signed two agreements to acquire $180 million in assets held by multinational Tullow Oil in Equatorial Guinea and Gabon. Panoro Energy will acquire a 14.25% working interest in Equatorial Guinea’s Block G, operated by Trident Energy, and a 10% working interest in Gabon’s Dussafu Marin permit. The $180-million sale of assets

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Maersk bags some new contracts with fleet status update

February 12, 2021
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Maersk Drilling published their recent fleet status update, and it held some additional new contract awards: Maersk Discoverer has been awarded a one-well contract with BG International, a subsidiary of Shell, in Trinidad and Tobago with an estimated duration of 154 days. The contract is expected to commence in Q3 2021. Contract value undisclosed. Maersk Resilient has been awarded

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