Rig Lynx Weekly Rundown – Nigerian federal court issues arrest warrant for ExxonMobil Nigeria managing director

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Nigerian federal court issues arrest warrant for ExxonMobil Nigeria managing director

A federal court in Abuja has signed off on a warrant to arrest the head of oil major ExxonMobil in Nigeria to compel him to appear before anti-graft investigators

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Nigerian federal court issues arrest warrant for ExxonMobil Nigeria managing director

Awilco CEO resigns amongst feud with Keppel

Awilco Drilling PLC announces that Jens Berge, Chief Executive Officer, has decided to leave the Company with effect from 1 February to pursue other opportunities. Eric Jacobs, General Counsel in the Awilhelmsen Group, will act as interim Chief Executive Officer until the Board of Directors appoints a permanent replacement.

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Awilco CEO resigns amongst feud with Keppel

As Myanmar turns over to military power, Woodside puts activity on hold 

Australia’s Woodside Petroleum said it had put some activity on hold in Myanmar after generals seized power and detained elected leader Aung San Suu Kyi.

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As Myanmar turns over to military power, Woodside puts activity on hold

Tight oil market in first half could push crude to $65

Oil prices could rise to $65 a barrel by July amid a tight oil market and slow rebound in demand, Goldman Sachs said.

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Tight oil market in first half could push crude to $65

Vantage Drilling awarded two year contract for the Platinum Explorer 

Vantage Drilling International announced that its ultra-deepwater drillship, the Platinum Explorer, has received a letter of award for a two-year contract from Oil and Natural Gas Company.

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Vantage Drilling awarded two year contract for the Platinum Explorer

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Overtime 

Tight Oil, Exxon’s Big Loss, Keppel’s Exits the Rig Business, SpaceX Commercial Flight, Superbowl 55, Deshaun “Trade Me” and the Paul Brothers – Boxers or Spectacles and Does it Really Matter?

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West Africa Weekly 

Oil Prices, Sonatrach’s New MOU, Nigeria’s First Methanol Plant, Exxon Court Summons, Cameroon with Victoria Oil and Gas, GE to Supply Senegal Power Plant

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Oil Prices

February 5, 2021

WTI

$56.23

Brent

$59.46

Natural Gas

$2.93

Rig Count

U.S. & Canada – February 5, 2021

International – February 5, 2021

International Rigs

( +12 ) 677

U.S. Rigs

( + 8 ) 392

Canada Rigs

( – 3 ) 171

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