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CGX exercised an option on the Maersk Discoverer

August 30, 2021
| Archives

CGX Resources Inc., operator and joint venture partner with Frontera Energy Guyana Corp has exercised an option to drill one additional exploration well offshore Guyana. The work is expected to commence in the first half of 2022 in direct continuation of the semi-submersible rig Maersk Discoverer’s contract with Shell Trinidad. With this option called, Maersk Discoverer is

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Rig Lynx Weekly Rundown – Transocean lands contract for newbuild Deepwater Atlas

August 30, 2021
| Weekly Rundown

Transocean lands contract for newbuild Deepwater Atlas Transocean Ltd. announced that BOE Exploration & Production LLC (“BOE”) awarded Transocean a $252 million firm contract for its newbuild ultra-deepwater drillship, the Deepwater Atlas, including a mobilization fee of $30 million. Read More Mandatory vaccinations added to employee requirements for Chevron, Hess and more U.S. energy companies are moving to require that employees receive COVID-19 vaccinations as infection rates rise

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August Newsletter 2021

August 30, 2021
| Monthly Newsletter

Top 5 Articles for August For August we had over 33k article views, here are the top 5! It was Valaris, Saipem and Transocean this month... Thanks for reading with us and we wish you a great September! Stay safe! Read More Market WTI is sitting at $68.65 at the time of writing this, it is down $2.78 from where it was from our last newsletter

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Rig Lynx Monthly – Top 5 for August

August 29, 2021
| Monthly Rundown

For August we had over 33k article views, here are the top 5! It was Valaris, Saipem and Transocean this month... Thanks for reading with us and we wish you a great September! Stay safe! Valaris fleet status report, multiple new contracts adds over $1 billion to backlog Valaris shared their updated fleet status report and here were the highlights. Valaris fleet status report,

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Rig Lynx – Technology Survey

August 29, 2021
| Surveys

This survey is now closed, you can find the results by following this link Survey Results We all love technology, but the industry is always slow to adopt it. We have a few questions to understand what more teams are using in the field. Here we have 8 multiple choice questions, no email required, and all results will be

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Odfjell reports on Q2 financials

August 27, 2021
| Archives

For the second quarter of 2021, Odfjell Drilling reported operating revenue of $233 million, compared with $167 million in Q2 2020. The company reported a net profit of $27 million, compared with a loss of $6 million in the same period a year earlier. EBITDA was $85 million, up from the $81 million reported in Q2 2020.

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Panoro Energy makes discovery offshore Gabon

August 27, 2021
| Archives

Panoro Energy ASA has announced that the Hibiscus North exploration well (DHBNM-1), currently being drilled in the Dussafu Marin Permit offshore Gabon, has encountered hydrocarbons. Drilling will continue through the secondary Dentale target to a total depth of approximately 3,500 metres. Initial results indicate that the DHBNM-1 well has encountered approximately 13.5 metres of oil-bearing reservoir in the

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Petrobras spuds in Aram prospect in Santos Basin

August 27, 2021
| Archives

Petrobras started drilling a wildcat well in the Aram block, in the pre-salt of the Santos Basin. The activity is being carried out in a water depth of 1,904 meters by the drillship Brava Star, from Constellation. The information was released by the National Petroleum Agency (ANP). The Aram block is operated by Petrobras (80%) in partnership with

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Petronas profits rise by 68% on market recovery

August 27, 2021
| Archives

Malaysian state oil firm Petronas on Friday posted a return to profit in the second quarter after recording a loss a year ago, supported by a recovery in price and demand following the reopening of key economies globally. The world’s fourth-biggest LNG exporter said post-tax profit was 9.6 billion ringgit ($2.29 billion) for the April to June period,

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