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Diamond’s Ocean Courage goes to work for Petrobras

October 25, 2020
| Archives

Petrobras and Diamond signed a charter contract for the semi-submersible Ocean Courage. Equipped with MPD, the rig will operate exclusively in production sharing partnership projects, running campaigns in the Dois Irmãos, Entorno de Sapinhoá and Três Marias areas, located in the Campos and Santos basins. Source: Brazil Energy Insights The Ocean Courage is a 6th generation dynamically positioned semi built

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Archer announces two-year contract extension for drilling services in the UK North Sea

October 25, 2020
| Archives

Archer has secured a two-year contract extension with a major North Sea operator for the provision of platform drilling operations and maintenance services on seven UK North Sea installations. The extension will commence November 1, 2020 in direct continuation of the current contract. Over the next two years Archer will continue to deliver drilling operations, maintenance and intervention

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Cenovus Energy to buy Husky Energy valued at C$23.6 billion

October 25, 2020
| Archives

Cenovus Energy Inc will buy Husky Energy Inc in an all-stock transaction valued at C$23.6 billion, the companies said in a statement on Sunday. Husky shareholders will receive 0.7845 of a Cenovus share plus 0.0651 of a Cenovus share purchase warrant in exchange for each Husky common share, according to the statement. Source: Reuters

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Transocean announces Asgard layoffs in GOM

October 24, 2020
| Archives

Transocean has announced that it will layoff up to 100 people on the Deepwater Asgard as reported to the Texas Workforce Commission as the rig contract comes to a close. The Deepwater Asgard is a 6th generation deepwater drillship that was built in 2014 and under contract with Beacon Offshore according to the fleet status report published on

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Uganda gives Tullow the green light for sale of assets to Total

October 23, 2020
| Archives

Tullow Oil has announced that the Government of Uganda and the Ugandan Revenue Authority have executed a binding Tax Agreement that reflects the pre-agreed principles on the tax treatment of the sale of Tullow’s Ugandan assets to Total. The Ugandan Minister of Energy and Mineral Development has also approved the transfer of Tullow’s interests to Total and

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Angola publishes local content law promoting complete Angolanization of the oil and gas sector

October 23, 2020
| Archives

Angola’s Presidential Decree 271/20, which approves a new legal regime for local content in Angola’s oil and gas sector, was published this week. The decree strongly encourages the acquisition of national goods and services and the replacement of expatriates by Angolan workers.  According to H.E. President João Lourenço, the decree will aid in wealth creation and the promotion

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Patterson sees uptick in activity early into next year

October 23, 2020
| Archives

U.S. oilfield services firm Patterson-UTI Energy expects activity to continue to improve through at least the first quarter of 2021, Chief Executive Andy Hendricks told investors on Thursday during an earnings call. The company, which offers contract drilling and hydraulic fracturing services in North America, expects to average 61 rigs in the current quarter, up from 60 in the

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Explosion at Thai PTT gas line kills three, injures 28

October 22, 2020
| Archives

Three people were killed and 28 injured on Thursday in an explosion on a Thai PTT PCL gas transmission line in Samut Prakan province, southeast of Bangkok, the company said.  “PTT joined local rescue teams to bring the wounded to the hospital” PTT said in a statement. Video from the scene showed flames leaping dozens of metres into the

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