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Arctic refuge oil rights sale a go ahead

January 6, 2021
| Archives

The Trump administration’s sale of oil drilling rights in the Arctic National Wildlife Refuge will go forward Wednesday, after a federal judge rejected a request by environmentalists to block the auction. The decision is a victory for the administration, which has been racing to issue oil leases in the refuge’s coastal plain before the Jan. 20 inauguration of

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ReconAfrica readies rig in Kavango Basin

January 5, 2021
| Archives

Reconnaissance Energy Africa Ltd. provided an operations update as it prepares to drill the deep Kavango Basin in the Kalahari Desert of North East Namibia and North West Botswana. The well-site for the first well (6-2) in the Kavango basin and the associated camp were completed, on schedule, in mid-December. Utilizing a smaller local rig, the initial leg

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Trident Energy books three wells offshore Equatorial Guinea

January 5, 2021
| Archives

The Ministry of Mines and Hydrocarbons announced it will see three exploration wells drilled in Trident Energy-operated Block G in 2021, along with refurbishment and well intervention works across other assets. Trident Energy will drill three wells in Block G starting in April 2021. Each well will take 33 days to complete. Block G located 15 km offshore

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Santos grabs Noble Tom Prosser for a Q2 spud in

January 5, 2021
| Archives

Santos, as operator of the Bayu-Undan Joint Venture, today announced a Final Investment Decision for the US$235 million Phase 3C infill drilling program at the Bayu-Undan field in the Timor Sea, offshore Timor-Leste. The program comprises three production wells (two platform and one subsea) and will develop additional natural gas and liquids reserves, extending field life as well

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PV Drilling heads to work with ENI

January 5, 2021
| Archives

PetroVietnam Drilling and Well Services Corporation (PV Drilling) signed a contract to supply PV DRILLING VI jack-up rig for the 2021 drilling program of customers ENI Vietnam B.V. ("ENI"). The drilling program is scheduled to start from early January 2021 off the coast of Vietnam. Along with the provision of drilling services, PV Drilling will also provide other

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Awilco entitled to $43 million in return from KFELS on the Nordic Spring Construction

January 4, 2021
| Archives

Awilco Rig 2 Pte. Ltd. (“AR2”), a wholly owned subsidiary of Awilco Drilling PLC (“Awilco Drilling”), has notified Keppel FELS Limited (“KFELS”) that it has exercised its contractual termination right under the newbuilding contract between KFELS and AR2 for the construction of a semi-submersible drilling rig, Nordic Spring, as a result of breaches under the Vessel Construction

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Pacific emerges from bankruptcy

January 4, 2021
| Archives

Pacific Drilling S.A. announced that the Company and each of its debtor affiliates have emerged from the Chapter 11 process, signaling the successful completion of the Company’s balance-sheet restructuring and the implementation of the Modified First Amended Joint Plan of Reorganization of Pacific Drilling S.A. and its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code (the “Plan”) confirmed

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Oil exports from Venezuela are the lowest they have been in over 70 years

January 4, 2021
| Archives

Pressured by strict U.S. sanctions, Venezuela’s oil exports plunged by 376,500 barrels per day (bpd) in 2020, according to Refinitiv Eikon data and internal documents from state-run PDVSA, financially squeezing socialist President Nicolas Maduro. The administration of U.S. President Donald Trump also put curbs on PDVSA’s main trading partners, the owners of tankers still transporting Venezuelan oil and

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Valaris DS4 and DS8 dock in Hunterston Pier just before New Years

January 4, 2021
| Archives

According to local news and website Largs & Millport the DS4 and DS8 have successfully docked at Hunterston Pier in Scotland. Both ships are in the lay up or warm stack mode, although the Hunterston Pier has been as of recent conversations about being a large decommissioning point in the UK. Valaris’s last Fleet Status Report does not reflect

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