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Halliburton awarded 6 well integrated construction program offshore Malaysia

August 11, 2021
| Archives

Halliburton has announced that Sapura Drilling, a subsidiary of Sapura Energy, has awarded it an offshore integrated contract. Sapura, with Halliburton as its technical partner, will execute an Integrated Rig Drilling Completion (i-RDC) contract for a six well offshore well construction program. The uniquely integrated nature of the contract opens the pathway for Halliburton, in collaboration with Sapura Drilling and PETRONAS Carigali,

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TotalEnergies and DS15 ready to spud in offshore Brazil

August 11, 2021
| Archives

In the coming days, TotalEnergies EP will start a new campaign in Brazil. The works will be carried out in the Lapa field, in the Santos cluster, and in the C-M-541 block, located in ultra-deep waters in the Campos Basin, contemplating well abandonment and exploratory drilling activities. The two campaigns will be carried out by the Valaris Renaissance

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BP backs out of Gambia plans, opts for lower carbon energy plans

August 11, 2021
| Archives

The Gambian government said on Tuesday BP has agreed to settle a $29.3 million outstanding commitment to drill an exploration oil well in the West African country’s offshore A1 block, which the company was awarded two years ago. BP broke its obligations by failing to drill a well before the initial exploration period expired on 29th July, government

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Chesapeake acquires Vine for $2.2 billion

August 11, 2021
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Chesapeake and Vine Energy Inc. announced that they have entered into a definitive agreement pursuant to which Chesapeake will acquire Vine, an energy company focused on the development of natural gas properties in the over-pressured stacked Haynesville and Mid-Bossier shale plays in Northwest Louisiana. The acquisition is a zero premium transaction valued at approximately $2.2 billion, based on a 30-day average

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Sonangol extends farm down bid for 40k bpd

August 10, 2021
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Angola’s state oil and gas company Sonangol has announced the extension of deadline for farm down bid process to 20 August 2021 The national oil company also informs that, as a result, the deadline for submission of proposals is extended to 20 September 2021.  The sale involves more than 40,000 bpd. Last month, Sonangol won back a stake in a Portuguese oil

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Oceaneering bags new work with Exxon in Guyana

August 10, 2021
| Archives

Oceaneering International has been awarded a contract from Esso Exploration and Production Guyana Limited to provide two surveys offshore Guyana. Oceaneering will carry out a towed and autonomous underwater vehicle (AUV) geophysical survey and a shallow geotechnical survey off the coast of Guyana using the DP-2 Cape Davis, equipped with the 3,000 m-rated OS-VI AUV, towed geophysical sensors, and geotechnical

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Sinogeo buys jack-up Java 2 from KS Drilling

August 10, 2021
| Archives

Rig arrives offshore Hainan Island before being retooled for a shallow-water campaign in China. New market player Sinogeo has bought a jack-up drilling rig from Singapore’s KS Drilling for what the industry officials described as an “extremely low price. Source: Upstream Join our mailing list here

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Recon Africa provides Kavingo Basin well results

August 9, 2021
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Reconnaissance Energy Africa ('ReconAfrica') and its joint venture partner NAMCOR (the state oil company of Namibia) have provided, based on the mud logging report and geochemical analysis, more comprehensive data confirming a working conventional petroleum system. The Company also reports on additional drilling results and plans for the next phase of exploration in the Kavango Basin, NE Namibia and NW

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Kosmos Q2 Highlights, well positioned to grow shareholder value

August 9, 2021
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Kosmos Energy has announced its financial and operating results for the second quarter of 2021. For the quarter, the Company generated a net loss of $57 million, or $0.14 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss of $10 million, or $0.03 per diluted share

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Seadrill Limited strikes deal with Northern Ocean

August 9, 2021
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Seadrill Limited announced that the Company has reached a settlement agreement with Northern Ocean Ltd. (“NOL”) predominantly with respect to balances outstanding from Seadrill’s preparation of the West Mira and West Bollsta rigs. The settlement agreement closes all outstanding balances, claims and counter-claims between the companies and their respective subsidiaries by way of set-off as full and

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