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Stena announces purchase agreement with SHI for drillship

December 8, 2021
| Archives

Stena Drilling has entered a purchase option agreement with Samsung Heavy Industries for a drillship. This gives Stena Drilling the possibility to offer the market a state of the art drilling service with minimal carbon footprint. “Our plan is to fit the drillship according to our specifications with hybrid technologies including the use of batteries. If we find

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Karoon issues rig commencement notice for Maersk Developer

December 8, 2021
| Archives

According to Karoon Energy’s press release the Maersk Developer rig commencement window has been narrowed. Maersk Drilling’s semisubmersible the Maersk Developer is expected to be ready to commence operations on Karoon’s Brazilian growth projects between 15 April and 15 May 2022 (previously between 1 April to 31 May 2022), subject to limited rights of Maersk Drilling to extend

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ConocoPhillips announces Indonesia sell off and 2022 capex budget of $7.2 billion

December 8, 2021
| Archives

ConocoPhillips announced that it would be selling its Indonesia assets for $1.355 billion to MedCo Energi on the heels of its preliminary 2022 capex budget note to the public. Highlights of that announcement are below: Planned companywide 2022 capital expenditures of ~$7.2 billion The planned capital includes ~$0.2 billion for Scope 1 and 2 emissions-reduction projects across the company’s global

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Petroserv wins lot 2 tenders for Petrobras

December 7, 2021
| Archives

According to Esgian, an Oslo based company that provides analytical tools for the energy industry, noted that Petrobras announced Ventura Petroleo S.A. (Petroserv) as the winner of the 2nd and 3rd rig for lot 2 - unit without MPD. The company offered in the 6th Gen. drillship DS Carolina and 6th Gen. Intl. semi SSV Victoria. Both

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SHI lands $621 million LNG carrier deal

December 7, 2021
| Archives

Samsung Heavy Industries Co. said Tuesday that it has bagged two orders worth a combined 734 billion won (US$621 million) to construct three liquefied natural gas (LNG) carriers. With the latest deals, Samsung Heavy Industries has won orders worth a cumulative $11.8 billion so far this year, exceeding 30 percent of its annual order target of $9.1 billion,

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SHI unloads another stranded newbuild drillship

December 7, 2021
| Archives

Samsung Heavy Industries has found a buyer for an unwanted high-spec drillship that was canceled three years ago.  Long-defunct driller Ocean Rig ordered the ultradeepwater drillship Ocean Rig Crete back in 2014, with delivery scheduled in three years. When oil prices plummeted in 2015, the company delayed the rig's delivery by another year, citing deteriorating market conditions.  The market did not

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$15.5 billion gas pipeline deal is one of world’s largest infrastructure deals

December 7, 2021
| Archives

Saudi Arabian Oil Company ('Aramco') has signed a $15.5 billion lease and leaseback deal involving its gas pipeline network with a consortium led by BlackRock Real Assets and Hassana Investment Company, the investment management arm of the General Organization for Social Insurance (GOSI) in Saudi Arabia, in one of the world’s largest energy infrastructure deals.   This represents significant progress in Aramco’s asset optimization program and is

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FAR Ltd issues update on Bambo-1

December 7, 2021
| Archives

FAR Ltd has advised that the Bambo-1 well has drilled 3216m MDBRT (measured depth below the rotary table) of a total planned depth of 3450m MDBRT. Oil indications have been detected in rock cuttings and hydrocarbons have been interpreted across several intervals in the well from LWD data (logging whilst drilling). Further wireline logging needs to be completed to confirm the finding. Drilling operations were temporarily

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