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VAALCO kicks off new drilling campaign with Borr Norve

December 13, 2021
| Archives

VAALCO Energy has commenced its 2021/2022 drilling campaign offshore Gabon with the Etame 8H-ST well. Under a drilling contract announced by VAALCO in early summer, a jack-up rig provided by Borr West Africa Assets Inc., an affiliate of Borr Drilling was recently deployed to the Etame platform and has commenced activities on the Etame 8H-ST development well which is expected to be

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Seadrill awarded long term contract for the West Jupiter

December 13, 2021
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Seadrill has secured a contract with Petrobras for work in the Búzios field offshore Brazil for the West Jupiter. The contract is for a firm term of 1,040 days with commencement expected in December 2022. Total contract value is approx. $264m (inclusive of mobilization revenue and additional services). Seadrill’s Chief Executive Officer, Stuart Jackson, commented: 'Petrobras is a long-standing and valued customer of Seadrill and signing a

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Shell confirms Deepwater Pontus BOP incident

December 13, 2021
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According to Esgian, an Oslo based company that provides analytical tools for the energy industry, noted that Shell has confirmed that Transocean drillship Deepwater Pontus has been forced to stop working since losing a blowout preventer (BOP) when completing a well late last month. A Shell spokesperson confirmed that a BOP had been dropped to the ocean floor

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Seatankers Group buys up 5 percent of Valaris common stock

December 9, 2021
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Valaris Limited announced that Famatown Finance Limited, a company indirectly controlled by trusts settled by John Fredriksen and a member of The Seatankers Group, has accumulated through open market transactions approximately 5% of the common shares of Valaris. Anton Dibowitz, President and Chief Executive Officer of Valaris, commented: “Valaris welcomes the interest and investment from The Seatankers Group,

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TotalEnergies sells off terminal assets in Gabon to Perenco for $350 million

December 9, 2021
| Archives

After receiving the approval of Gabonese authorities, TotalEnergies announces the closing of its agreement to divest to Perenco Oil and Gas Gabon the Cap Lopez Terminal and non-operated assets of its 58%-owned affiliate TotalEnergies EP Gabon.   With this transaction, in an amount of $350 million before final adjustment, TotalEnergies EP Gabon is divesting its interests in seven

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Prosafe gets extension for Concordia

December 9, 2021
| Archives

Prosafe announced that the Safe Concordia contract has been extended The firm charter period of the Safe Concordia in Trinidad and Tobago has been extended and takes the firm operational period through to end-January 2022. Total value of the contract extensions is approximately USD 6 million. Source: Prosafe Join our mailing list here

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Shell announces new discover at Blacktip

December 9, 2021
| Archives

Shell has announced a material discovery at the Blacktip North prospect in the U.S. Gulf of Mexico. The Blacktip North well encountered approx. 300 feet net oil pay at multiple levels. Evaluation is ongoing to further define development options. 'The Blacktip North prospect is the latest example of discovering new resources in our advantaged corridors,' said Paul Goodfellow, Executive Vice President of

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Valaris announces Anton Dibowitz as President and CEO

December 9, 2021
| Archives

Valaris Limited announced that its Board of Directors has appointed Mr. Anton Dibowitz as President and Chief Executive Officer, effective immediately. Mr. Dibowitz, who has been serving as interim President and Chief Executive Officer of Valaris since September 3, 2021, is also a member of the Company’s Board of Directors. “Anton has done a tremendous job leading Valaris

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TechnipFMC signs 10 year deal with ADNOC

December 8, 2021
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TechnipFMC, through Gulf Automation Services and Oilfield Supplies LLC, has been awarded a major(1) 10-year framework agreement for wellheads, trees and associated services by the Abu Dhabi National Oil Company (ADNOC). Under the framework agreement, TechnipFMC will further grow in-country talent and expand existing manufacturing, assembly and test capabilities in Abu Dhabi in order to deliver the Company’s complete portfolio

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Sval Energi acquires majority of Spirit Energy’s Norwegian assets for over $1 billion

December 8, 2021
| Archives

Sval Energi has signed an agreement with Spirit Energy to acquire the majority of Spirit Energy’s Norwegian operations and assets. By this Sval takes a significant step on its growth plan in Norway. The USD 1,026 million transaction is the largest acquisition on the Norwegian Continental Shelf (NCS) since 2019. Under the agreement, Sval Energi will acquire the operations and assets of Spirit Energy

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