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New bid round for Egypt slated for February 2021

February 10, 2021
| Archives

In an effort to ramp up exploration, state-owned Egyptian General Petroleum Corporation and Egyptian Natural Gas Holding Company have announced the launch of a new oil and gas exploration bid round that will take place before the end of February 2021. According to the Minister of Petroleum and Mineral Resources H.E. Tarek El Molla, the bid round is

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Total moving to TotalEnergies in rebrand

February 10, 2021
| Archives

France’s Total posted better than expected earnings in the fourth quarter as oil prices stabilized and said it would change its name as part of a push to diversify and grow renewable power and electricity production. The French oil and gas major, which like rivals suffered in 2020 as fuel consumption tumbled during the pandemic, said it would

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Noble emerges from Chapter 11

February 9, 2021
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Noble Holding Corporation plc ("Noble UK") announced today that on February 5, 2021 it successfully completed its financial restructuring and its debtor affiliates have emerged from Chapter 11 with a new parent company organized under the laws of the Cayman Islands named Noble Corporation ("Noble" or "the Company"). As a result of the financial restructuring, Noble will have a

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Seadrill’s AOD files for Chapter 11

February 9, 2021
| Archives

The Board of Seadrill Limited announced that Chapter 11 cases have been filed in the Southern District of Texas in respect of Seadrill's wholly-owned subsidiaries Seadrill GCC Operations Ltd, Asia Offshore Drilling Limited, Asia Offshore Rig 1 Limited, Asia Offshore Rig 2 Limited and Asia Offshore Rig 3 Limited (jointly, the "AOD Companies"). The Chapter 11 cases were

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Maersk and KNOC ink first drillship operation

February 9, 2021
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Maersk Drilling has secured a contract from Korea National Oil Corporation (KNOC) for the drillship Maersk Viking to drill one exploration well in Block 6-1 offshore the Republic of Korea. The contract is expected to commence in June 2021, in direct continuation of the rig’s previous work scope, with an estimated duration of 45 days. The contract

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Seadrill awards Energy Drilling with Asset Management Agreement

February 5, 2021
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Energy Drilling Management Pte Ltd (EDMPL) has entered into a Management Agreement with Seadrill Partners LLC (SDLP) to maintain, market and operate the tender rigs Seadrill-T15, Seadrill-T16 and West Vencedor, on their behalf, effective 3rd February 2021. After the transaction, EDMPL will effectively market and eventually operate a fleet of six tender rigs comprising of four barge-type and

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Equinor makes oil discovery near Norway’s Troll field

February 5, 2021
| Archives

Equinor has made a new oil discovery near Norway’s giant Troll oil and gas field together with partners DNO, Wellesley and Petoro, the Norwegian Petroleum Directorate said on Friday. Equinor said in a separate statement the reservoir was expected to contain between 44 million and 69 million barrels of oil equivalent. Source: Equinor Join our mailing list here

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Chevron Announces Offer to Acquire Noble Midstream Partners

February 5, 2021
| Archives

Chevron Corporation (NYSE: CVX) announced today that it has submitted a non-binding proposal to the Board of Directors of Noble Midstream GP LLC, the general partner of Noble Midstream Partners LP (NASDAQ: NBLX), to acquire all of the publicly held common units representing limited partner interests in NBLX not already owned by Chevron and its affiliates (the

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Maersk Integrator awarded two-well contract

February 5, 2021
| Archives

Maersk Drilling has secured an additional two-well contract for the low-emission rig Maersk Integrator with Aker BP. The plan is that in direct continuation of the rig’s previously announced work scope with a different operator, Maersk Integrator will return to Aker BP’s Ivar Aasen field for a two-well campaign expected to commence in Q3 2021. The contract has an

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Perisai Offshore awarded jackup work from Petrofac

February 4, 2021
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The Board of Directors (“Board”) of Icon Offshore Berhad (“ICON/Company”) is pleased to announce that its new subsidiary company, POSB has received an award for the provision of one (1) jack-up drilling rig namely Perisai Pacific 101 (“PP101 Rig”), from PETROFAC. POSB is a new subsidiary which was recently acquired by ICON, via the completion of 51% shares

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