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Shelf’s Main Pass 1 jackup operations suspended

October 20, 2020
| Archives

Shelf Drilling, Ltd. announced today that it has received a notification from customer on suspension of operations for the Main Pass I jack-up rig for a period of up to 12 months. The foregoing suspension at zero dayrate is effective October 2020 and will automatically extend the term of the contract for a period equal to the

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Transocean receive NYSE continued listing notice

October 20, 2020
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Transocean Ltd. (NYSE: RIG) announced that it received formal notice from the New York Stock Exchange (the “NYSE”) of non-compliance with NYSE continued listing standards. Transocean received the notice because the average closing price of its shares fell below the minimum of $1.00 per share during a consecutive 30 trading-day period. The Company is in compliance with all other NYSE continued listing

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Stena grabs one well gig with CNOOC off Newfoundland

October 20, 2020
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Stena Drilling are pleased to announce that a contract has been signed with CNOOC International Petroleum North America ULC, utilising Mobile Offshore Drilling Unit (MODU) Stena Forth. The drilling program shall be a one (1) well campaign lasting approximately 90 days offshore Newfoundland and Labrador in the Flemish Pass. Stena Forth shall mobilize to Canada with an estimated commencement between April and June 2021. The region is classified as harsh

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Northern’s Energy Enticer commences drilling operations

October 19, 2020
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Northern Offshore is pleased to announce the commencement of drilling operations with Qatargas for the GustoMSC CJ50 jack-up unit, “Energy Enticer”. The Energy Enticer had a safe and successful mobilization to Qatar Petroleum’s North Field in early September 2020 despite recent global industry challenges. The Energy Enticer is the first of three drilling units to commence long-term

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Halliburton posts $17 million third quarter loss

October 19, 2020
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Halliburton Company announced today a net loss of $17 million, or $0.02 per diluted share, for the third quarter of 2020. This compares to a net loss for the second quarter of 2020 of $1.7 billion, or $1.91 per diluted share. Adjusted net income for the third quarter of 2020, excluding severance and other charges, was $100

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SLB suffers biggest post-earnings selloff in 13 years

October 19, 2020
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Shares of Schlumberger Ltd. tumbled Friday, enough for the oil services company’s third-quarter results to be the most disappointing for investors in 13 years. Before the open, the company SLB, -8.83% reported a net loss that narrowed to $82 million, or 6 cents a share, from a loss of $11.38 billion, or $8.22 a share, in the year-ago period. Excluding nonrecurring

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GOM Lease Sale boasts 78million acres up for grabs

October 16, 2020
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In keeping with the Trump Administration’s goal of strengthening America’s energy independence, the Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank and Gulf of Mexico Regional Director Mike Celata today announced that BOEM will offer approximately 78 million acres for a region-wide lease sale scheduled for November 18, 2020. The sale will include all available

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Philippines lifts 6 year moratorium on oil and gas exploration

October 16, 2020
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The Philippines energy secretary said on Friday the government’s decision to lift a six-year-old moratorium on oil and gas exploration in the South China Sea was a unilateral move, as China said it hoped the nations could work together on projects. Alfonso Cusi also told a media briefing the move will not affect a memorandum of understanding between

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