+1(833) 396-4204 info@riglynx.com
Menu

Archives

Exxon spuds in Glaucus-2 offshore Cyprus

December 29, 2021
| Archives

The Ministry of Energy, Commerce, and Industry announced that ExxonMobil has spudded the Glaucus-2 exploration well in Block 10, offshore Cyprus in the Eastern Mediterranean. The well is being drilled by the Stena Forth, a 6th Generation Harsh Environment dual-activity dynamically positioned (DP3) drillship, capable of drilling in water depths up to 10,000ft. In February 2019, ExxonMobil announced a natural gas discovery offshore

Read More...

Aker Solutions finalizes decom deal offshore Norway

December 23, 2021
| Archives

Reference is made to the stock exchange announcement on March 18, 2021, where Aker Solutions announced receiving a letter of intent for decommissioning work in Norway. Aker Solutions has now formally signed a sizeable(1) award with Heerema Marine Contractors. The scope includes reception, dismantling and recycling of three offshore installations from the Heimdal and Veslefrikk fields. The objective is to recycle about

Read More...

Australia court rejects climate activist claim and grants drilling permit

December 23, 2021
| Archives

An Australian court declared void on Thursday grants the federal government made to a subsidiary of Empire Energy Group for exploration drilling in the Beetaloo shale basin in the Northern Territory, but allowed them to be re-issued. The grants can be re-issued by Resources Minister Keith Pitt as the court rejected challenges to the government’s Beetaloo drilling grants

Read More...

Global oil and gas discoveries hits lowest level in 75 years

December 22, 2021
| Archives

Global oil and gas discoveries in 2021 are on track to hit their lowest full-year level in 75 years should the remainder of December fail to yield any significant finds, Rystad Energy analysis shows. As of the end of November, total global discovered volumes this year are calculated at 4.7 billion barrels of oil equivalent (boe) and, with no

Read More...

Deepsea Yantai gets work from Longboat Energy

December 22, 2021
| Archives

Longboat Energy has announced that a rig contract has been signed for the drilling of the Copernicus exploration well (Company 10%). Copernicus (PL 1017) will be drilled using the Deepsea Yantai and is expected to be drilled between June and September 2022. The prospect lies on the Utgard High in the Vøring Basin region of the Norwegian Sea and the prospect is a combination trap with mapped stratigraphic pinch out down-dip and a small structural component

Read More...

Valaris JU-107 headed to Buffalo-10 for spud in

December 22, 2021
| Archives

Carnarvon Energy has announced that the Valaris JU-107 jack-up drilling rig is currently en-route to the Buffalo-10 location. Drilling is expected to commence within a week. Buffalo-10 is to be drilled offshore Timor-Leste within the TL-SO-T 19-14 Production Sharing Contract (PSC) in around 30 metre water depth. The well is being drilled to test for the presence of commercial quantities of hydrocarbons (oil) that could ultimately result in a re-development of the field. The Valaris JU-107 jack-up mobile offshore drilling unit (MODU) has been contracted to undertake the Buffalo-10 drilling campaign. The

Read More...

PETRONAS awards six blocks from Malaysia Bid Round 2021

December 22, 2021
| Archives

PETRONAS has awarded six of the 13 offshore exploration blocks offered in the recently concluded Malaysia Bid Round (MBR) 2021. The six blocks, awarded to both existing and new players, are Blocks SB412, 2W, X, SK427, SK439 and SK440. These awards are subject to the signing of the Production Sharing Contracts (PSCs) between the relevant parties by the first quarter of 2022. The MBR

Read More...

U.S. set for being the largest LNG exporter in the world by 2022

December 22, 2021
| Archives

The United States is set to become the world's biggest liquefied natural gas (LNG) exporter in 2022, surpassing Qatar and Australia, and may hold that title for years to come. In a year when China and other large economies in Europe and Asia scrambled to source enough supply for heating and power generation, the United States was sitting

Read More...

Chevron signs farm-out deal with Shell offshore Suriname

December 22, 2021
| Archives

Paradise Oil Company (POC), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V., retains its non-operated participating interest of 40%. The details of the deal, signed on 17 December, are not disclosed. Staatsolie welcomes the participation of a renowned party such as Shell in Block 5. The farm-out underlines the great interest there is in the offshore area

Read More...

Island Drilling awarded work offshore Mauritania

December 22, 2021
| Archives

Maersk Decom Mauritania A/S has awarded Island Drilling Company AS a contract for plugging and abandonment of four firm and one optional well in the Tullow Oil operated Banda and Tiof fields offshore Mauritania. The work is estimated to 75 days in total. Commencement of the work is Q4 in 2022. The Banda and Tiof fields are two

Read More...