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Borr lands new work for the Norve and Thor jackups

December 17, 2021
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Borr Drilling Limited is pleased to announce it has secured a contract for the premium jack-up drilling rig “Norve” with BW Energy for work in Gabon. The contract is expected to commence in the second half of 2022 after the completion of the rigs current contract. The work will cover 4 firm wells with an anticipated duration

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Sacgasco signs up the Murmanskaya

December 16, 2021
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Sacgasco has announced that its wholly owned subsidiary, Nido Petroleum Philippines  ('NIDO'), has secured a Sale and Purchase Agreement on Service Contract Block 6B ('SC 6B') designed to accelerate the anticipated redevelopment of the Cadlao Oilfield and exploration of nearby East Cadlao oil prospect. The Joint Venture has agreed to appoint NIDO as the technical operator for SC 6B advising The Philodrill Corporation as the Operator of Record. Under

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Eni and Sonatrach sign decarbonization agreement for Berkine Basin

December 16, 2021
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A contract to relaunch production in the Berkine Basin and an agreement for decarbonization initiatives were signed in Algiers by the CEOs of both Eni and state firm Sonatrach, further strengthening Eni’s presence in the country. The Chief Executive Officer of Sonatrach, Toufik Hakkar, and the Chief Executive Officer of Eni, Claudio Descalzi, in the presence of the

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Tom Prosser commences operations in Carnarvon Basin

December 16, 2021
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Carnarvon Energy has provided an update on its near-term drilling program as advised by the operator, Santos. The Noble Tom Prosser jack-up drilling rig has commenced operations in the Carnarvon Basin. At the completion of these operations, anticipated to be mid-January 2022, the drilling rig will be mobilized to the Pavo-1 site. On current planning, Pavo-1 is scheduled to commence in mid-late January, 2022. The Pavo-1 well will target the primary Caley to Crespin interval, similar to that intersected in the nearby Dorado field. It

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Five companies apply to store CO2 on the Norwegian continental shelf

December 16, 2021
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The Ministry of Petroleum and Energy has received applications from five companies in connection with the announcement of two areas associated with injection and storage of CO2 on the Norwegian continental shelf. These companies are Norske Shell, Equinor, Horisont Energi, Northern Lights and Vår Energi. The Norwegian Petroleum Directorate will advise the Ministry in connection with the application process. Source: NPD Join our mailing list here

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The outlook for awards is improving – Petrofac CEO

December 16, 2021
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Petrofac has won new contracts worth $1.5 billion in the second half of the year while flagging lower annual revenue on weakness at its largest division. Petrofac reached a settlement with Britain's Serious Fraud Office (SFO) in September after a four-year investigation, which had hindered its ability to secure contracts in key Middle Eastern markets "Our priority is now to

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Savannah Energy signs share purchase agreement with Exxon and Petronas for Chad and Cameroon

December 15, 2021
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Savannah Energy PLC. announced that it has signed a Share Purchase Agreement (SPA) with Exxon Mobil Corporation, ExxonMobil International Holdings, Inc. and Esso Exploration Holdings, Inc. (Exxon) and has separately signed an SPA with PETRONAS (E&P) Overseas Ventures SDN. BHD. relating to the purchase of each of their entire upstream and midstream asset portfolios in Chad and

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Stena Don arrives on location for Chariot

December 15, 2021
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Chariot has announced that the Stena Don drilling rig has now arrived on location in the Lixus licence, offshore Morocco, to carry out drilling operations on the Anchois gas development project. Chariot has a 75% interest and operatorship of Lixus in partnership with the Office National des Hydrocarbures et des Mines ('ONHYM') which holds a 25% interest. Operations to drill

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Helix locks in well intervention extension offshore Brazil

December 15, 2021
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Helix Energy Solutions Group, Inc. announced that it has entered into an extension of its well intervention charter and services contracts for the Siem Helix 2 offshore Brazil with Petrobras. The initial four-year contract for the Siem Helix 2 has been extended by one year at a reduced rate reflective of the current market. The Siem Helix 2 is now set to remain under

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Deepwater exploration set to prevail 2022

December 15, 2021
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Wood Mackenzie issued a press release that highlights many strong points about deepwater exploration going into 2022. The oil and gas sector will continue to rebound in 2022, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK) But the positive outlook will be tempered by concerns about its future. Overall investment will go up, but capital discipline will prevail. A 9%

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