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Borr Drilling approves increase in company share capital

November 11, 2020
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Borr Drilling Limited advises that a Special General Meeting of the Company was held on November 11, 2020 The following resolution was passed: To approve the increase of the Company’s authorized share capital from US$11,182,692.30 divided into 223,653,846 common shares of US$0.05 par value each to US$11,932,692.30 divided into 238,653,846 common shares of US$0.05 par value each by the

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ONGC picks up Sangomar field from FAR for $66 million

November 11, 2020
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Australian independent FAR Limited has entered into a Sale and Purchase Agreement with ONGC Videsh Vankorneft (a subsidiary of ONGC Videsh) in respect of FAR’s entire interest in the Production Sharing Contract for the Rufisque, Sangomar, and Sangomar Deep (RSSD) Offshore Blocks in Senegal and the relevant Joint Operating Agreement (the RSSD Project). As consideration for the sale,

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PetroRio announces management change

November 11, 2020
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Petro Rio S.A. communicates to its shareholders and to the market that Mr. George Kassab presented, for personal reasons, his resignation to the position of Investor Relations Officer of the Company. At a meeting held on this date, the Board of Directors has chosen to accept said resignation, having Mr. George Kassab retired from his duties as Investor

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Invictus Energy commences drilling in Zimbabwe

November 11, 2020
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Australian listed oil and gas exploration company, Invictus Energy, has commenced field operations in the Muzarabani prospect, where the company has started preparing for the drilling of two test wells. The reinterpretation of data originally collected by ExxonMobil has revealed immense oil and gas potential in the area. The project will cost between $15 million and $20 million

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Pacific updates on prearranged reorganization

November 11, 2020
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Pacific Drilling S.A. announced today that it is commencing solicitation of votes on its proposed prearranged chapter 11 plan of reorganization. On November 10 , the United States Bankruptcy Court for the Southern District of Texas—Houston Division (the “Bankruptcy Court”) entered an order, among other things, (i) conditionally approving the Disclosure Statement for the First Amended Joint Plan of Reorganization of Pacific Drilling S.A. and

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Maersk lands work for the Viking

November 11, 2020
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Maersk Drilling has secured a contract from Brunei Shell Petroleum Company Sdn. Bhd. (BSP) for the 7th generation drillship Maersk Viking to drill one deepwater exploration well offshore Brunei Darussalam. The contract is expected to commence in March 2021, with an estimated duration of 35 days. The firm contract value is approximately USD 9m, including additional services

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ConocoPhillips estimates 190 million bbl oil recovery from new discovery offshore Norway

November 11, 2020
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ConocoPhillips today announced a new gas condensate discovery in production license 1009 located 22 miles northwest of the Heidrun Field and 150 miles from the coast of Norway in the Norwegian Sea. ConocoPhillips Skandinavia AS is operator of the license with 65 percent working interest. PGNiG Upstream Norway AS holds 35 percent working interest. The discovery well, 6507/4-1

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Tullow completes $575 million sale of Uganda assets to Total

November 10, 2020
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Tullow Oil plc is pleased to announce that the sale of its assets in Uganda to Total has completed with $500 million consideration received earlier today. Tullow is also due to receive a further $75 million when a Final Investment Decision is taken on the development project plus contingent payments linked to the oil price payable after

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Equinor signs up Baker, Halliburton and Schlumberger for $455 million deal in Santos Basin

November 10, 2020
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Norway’s Equinor awarded oil services firms Baker Hughes, Halliburton and Schlumberger $455 million worth of drilling and well service contracts at its Bacalhau project off Brazil, the company said on Tuesday. “Brazil is a core area for Equinor, and Bacalhau is an important asset in the Brazilian pre-salt Santos area. Together with our partners, we are currently maturing

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