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Kencor Petroleum Limited in Kenya acquired by Montfort Group

October 6, 2021
| Archives

Montfort Group has acquired Kencor Petroleum Limited (Kencor), an oil marketing company based in Nairobi, Kenya, that focuses on the import, export and local distribution of safe and high-quality petroleum products This acquisition marks Montfort’s strategic entry into East Africa, one of Africa’s major markets. The acquisition of Kencor, an active participant in Kenyan Open Tender System (OTS) imports, is the first step

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Petrobras spuds in wildcat with the Ocean Courage

October 6, 2021
| Archives

Petrobras began drilling a wildcat well (1-BRSA-1382D-RJS) in the Tres Marias block, in the Santos basin. The activity is being carried out with the Ocean Courage rig, in a water depth of 2223 meters. The information was released by the National Petroleum Agency (ANP). Join our mailing list here

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Well-Safe Solutions awarded North Sea decom work

October 6, 2021
| Archives

Aberdeen-based Well-Safe Solutions has secured a second contract for its decommissioning unit Well-Safe Guardian in less than a month, after landing a multi-million-pound deal with Repsol Sinopec. The contract is for decommissioning of up to 14 wells on the Banff and Kyle fields in the UK Continental Shelf. The Banff and Kyle fields, located in the UK Central North Sea, with nine

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Valaris awarded extension on ARO bareboat charter

October 6, 2021
| Archives

Valaris Limited announced that it has been awarded a 211-day extension to its bareboat charter agreement with ARO Drilling for VALARIS JU-36 (Charles Rowan), a standard duty jackup. The extension is in direct continuation of the existing contract and, as a result, the VALARIS JU-36 will be under contract through March 2022. ARO Drilling’s contract with Aramco

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TotalEnergies seeks to sell stake in giant North Sea gas field

October 5, 2021
| Archives

France’s TotalEnergies is seeking to sell a third of its 60% stake in the Laggan Tormore gas field in the British North Sea, which is expected to raise around $300 million, six industry and banking sources said. The company is hoping the recent rally in natural gas prices to record highs due to tightening supplies will boost buyer

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West Africas deepwater rig utilization could triple by 2022

October 5, 2021
| Archives

Esgian has previously reported that the US Gulf of Mexico and Brazil have already witnessed substantial recovery in the deepwater rig market. However the final point in the golden triangle, West Africa, has struggled with sluggish growth, with current competitive utilization of just 40% in comparison to 80% in the US Gulf of Mexico and 95% in Brazil. The slower rollout of

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Petrobras Americas discloses entire GOM stake up for sale

October 4, 2021
| Archives

Petrobras says that it has started the opportunity disclosure stage (teaser), regarding the sale of the entire 20% stake held by its subsidiary Petrobras America Inc. (PAI) in the company MP Gulf of Mexico, LLC. (MPGoM), located in Texas, USA, which owns offshore fields in the Gulf of Mexico. The teaser, which includes key information about the opportunity,

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Baker SDS and MHWirth combine to create HMH

October 4, 2021
| Archives

Baker Hughes and Akastor ASA completed the transaction that combines the operations of Baker Hughes' Subsea Drilling Systems (SDS) business with Akastor's wholly owned subsidiary, MHWirth AS (MHWirth) in line with the terms and conditions described in the earlier announcement. The company, which is owned 50/50 by Baker Hughes and Akastor, will be named HMH. The operations and

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Shell kicking off work in Campos Basin with West Tellus mid-October

October 4, 2021
| Archives

Shell will start, by mid-October, a new intervention campaign at Parque das Conchas. The West Tellus drillship, from Seadrill, is already sailing to the Campos Basin, with arrival scheduled for the weekend. In addition to the intervention program, Shell’s new campaign will include the drilling of two wells, one infill in BC-10 and the other exploratory in C-M-791,

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SPIE awarded multi-year contract with Chevron Australia

October 4, 2021
| Archives

PIE Oil & Gas Services, a subsidiary of SPIE, has been awarded a contract from Chevron Australia Pty Ltd to provide Process Automation Systems (PAS) integration services for its subsea gas compression system for the Jansz-Io field, offshore Western Australia. The Jansz-Io gas field is located around 200 kilometers off the north-western coast of Western Australia, at water

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