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Sepura grabs 3 well deal with Total E&PCongo

November 18, 2020
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Sapura Energy’s drilling arm continues to gain foothold in the African continent, as Sapura Drilling Holdings Limited was awarded a contract by Total Exploration and Production Congo for the provision of its Tender Assist Drilling Rig “Sapura Berani” services. The scope of the contract comprises the provision of semi tender-assist drilling rig services for three wells offshore

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Staatsolie offers up 8 blocks for lease offshore Suriname

November 18, 2020
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Staatsolie Hydrocarbon Institute N.V. ("SHI"), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V. ("Staatsolie"), is pleased to announce Staatsolie's intention to offer international and national oil companies involved in exploration and production ("E&P"'), eight new blocks in the currently underexplored Shallow water acreage offshore. The blocks are located in the west of the Shallow Offshore (SHO)

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Gulf of Mexico Lease Sale Pull High Bids from Equinor and Repsol

November 18, 2020
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The Trump administration’s final sale of oil and gas leases in the Gulf of Mexico generated nearly $121 million in high bids on Wednesday, an improvement from the last government auction held just as the coronavirus pandemic was beginning to depress world demand for fuel. The sale was the last before the January inauguration of President-elect Joe Biden,

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Vantage Fleet Status Update – Awards and extensions

November 17, 2020
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Vantage Drilling published their fleet status update and below are the highlights: Pearl Driller 45-day campaign offshore Indonesia for Petronas Platinum Explorer Current contract extension into Q2 2021 for ONGC in India Vantage fleet status update From their recent 3rd quarter results, Ihab Toma, CEO had these additional comments: “I continue to be very proud of the Company’s performance during these challenging times. While

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Global discovered oil and gas resources set to reach 10 billion boe in 2020

November 17, 2020
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Despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in decades, exploration activity has been resilient this year. Found resources already exceed 8 billion barrels of oil equivalent (boe) and are projected to settle at around 10 billion boe by year-end, a Rystad Energy analysis reveals. About 3.75 billion boe, or 46% of total

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ExxonMobil statement regarding inaccurate New York Times story

November 17, 2020
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The New York Times story published on November 12 entitled “How One Firm Drove Influence Campaigns Nationwide for Big Oil” is a biased and inaccurate misrepresentation of our relationship with trade associations and other organizations and illustrates precisely why we refused to comment or work with the author of this article. We requested the following statement be

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OTC announces postponement from May to August 16 – 19 due to COVID 19

November 17, 2020
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The Offshore Technology Conference (OTC) Board of Directors has chosen to postpone the 2021 event to 16–19 August due to the ongoing challenges presented by COVID-19 and out of the greatest care for the health and safety of our partners, attendees, exhibitors, staff, and community. In the coming weeks, OTC will be communicating with authors, speakers, exhibitors, and

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Ovintiv Inc. (ex Encana) looking for Eagle Ford buyers

November 16, 2020
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Ovintiv Inc is looking to sell its Eagle Ford acreage in south-central Texas, several people familiar with the matter said on Friday, the latest debt-laden oil and gas producer to put assets on the block to raise cash during this year’s coronavirus-fueled oil slump. The Denver-based company’s Eagle Ford position, which it bought in 2014 from Freeport-McMoRan Inc

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No longer tolerate “diplomacy games” says Turkey’s President

November 16, 2020
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President Tayyip Erdogan said on Sunday that Turkey and breakaway Northern Cyprus will no longer tolerate “diplomacy games” in an international dispute over rights to offshore resources in the Eastern Mediterranean. On a visit to the island’s north, which only Ankara recognises as a state, Erdogan said peace and stability cannot be achieved in the region unless Turkey

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