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Author: Admin

Seadrill issues update on Seabras fleet in Brazil

August 26, 2021
| Archives

Seadrill Limited and the Issuer announce the publication of a Fleet status report for the Seabras Sapura JV.  Join our mailing list here

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Talos Energy wins bid on carbon capture site in Texas

August 26, 2021
| Archives

Talos Energy has announced that, along with its partner Carbonvert, it was the sole winning bidder partnership for the Texas General Land Office's ('GLO') Jefferson County, Texas carbon storage site, located near Beaumont and Port Arthur, Texas. Following finalization of lease documentation, the award will place Talos among a very select group of domestic independent energy companies with a physical

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Exxon and partners spud in Sapote offshore Guyana

August 26, 2021
| Archives

Westmount Energy notes the announcement by the Maritime Administration Department, Guyana, dated 25th August 2021, that the Stena DrillMAX drillship will commence drilling operations at the Sapote-1 wellsite on the Canje Block, offshore Guyana, on 28th August 2021. Westmount holds an indirect interest in the Canje Block as a result of its circa 7.2% interest in the issued share capital of JHI Associates Inc. The Canje

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VAALCO signs LOI for FSO offshore Gabon

August 26, 2021
| Archives

VAALCO Energy has announced that its affiliate VAALCO Gabon has signed a binding letter of intent ('LOI') with World Carrier Offshore Services Corp to provide and operate a Floating Storage and Offloading ('FSO') unit at VAALCO’s Etame Marin field offshore Gabon for up to eight years with additional option periods available upon the expiration of the current Floating Production, Storage and Offloading ('FPSO') contract in September

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ADES purchases four jackups from Noble

August 26, 2021
| Archives

Noble Corporation today announced that subsidiaries of the Company have reached a definitive agreement to sell four jackups to ADES International Holding Ltd., through its subsidiary, ("ADES") for $292 million.  The Company expects to generate approximately $285 million in cash from the transaction net of fees, expenses, and the settlement of working capital.  The Noble Roger Lewis, Noble Scott

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Transocean lands contract for newbuild Deepwater Atlas

August 26, 2021
| Archives

Transocean Ltd. announced today 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. Additionally, the contract provides for a significant performance bonus opportunity based upon agreed operating metrics. This award results from the final investment decision of BOE and the Shenandoah working interest owners to

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US Oil and Gas leasing program to resume in September

August 25, 2021
| Archives

Last week, the United States appealed the preliminary injunction entered by the district court in Louisiana v. Biden, which enjoined the Department of the Interior from implementing the pause in new federal oil and gas leasing as set forth in Section 208 of Executive Order 14008. The federal onshore and offshore oil and gas leasing program will continue as

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BW Energy makes new discovery offshore Gabon

August 25, 2021
| Archives

E&P company BW Energy has made an oil discovery in the Hibiscus North exploration well (DHBNM-1) in the Dussafu Block offshore Gabon. The well is located approximately 6 km north-northeast of the Hibiscus discovery well DHIBM-1 in approximately 115 metres of water depth. The company announced the spudding of the well on 28 July 2021. The well will be drilled to

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Texas adds on 1,500 upstream oil and gas jobs in July

August 25, 2021
| Archives

Texas’s upstream oil and natural gas sector added 1,500 jobs in July, continuing its monthly growth trajectory, the Texas Workforce Commission reports. The state also adjusted June’s job gains, noting 500 more jobs were added than initially reported in the upstream sector, from 3,100 to 3,600. Since the low employment point in September 2020, there have been eight

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DOF bags long term contracts with Petrobras

August 24, 2021
| Archives

DOF Subsea is pleased to inform that Petrobras has awarded the pipelay support vessels (PLSVs) Skandi Vitória and Skandi Niteroi a 3 year firm plus option contract for each vessel, via JV partner TechnipFMC and via Norskan Offshore Ltda (a fully owned DOF ASA Company) respectively. Both vessels are Brazilian-built and flagged and owned by DOFCON Navegação Ltda., a

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