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Exxon re-commences drilling offshore Guyana on Jabillo-1

June 7, 2021
| Archives

Westmount noted re-commencement of drilling operations at Jabillo-1 of the Canje block, part of offshore operations in Guyana. Jabillo-1 is the second of 3 exploration wells scheduled for drilling on the Canje block in 2021. Westmount holds an indirect interest in the Canje block as a result of its 7.7% interest in JHI Associates Inc. The Canje

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Turkey unveils new natural gas discovery

June 7, 2021
| Archives

President Recep Tayyip Erdogan announced the discovery of new natural gas deposits in the Black Sea, where Turkey plans to start production in 2023. State energy company Tpao found 135 billion cubic meters of gas at the Amasra-1 offshore well, bringing the total amount of deposits discovered over the past year to 540 billion cubic meters, Erdogan said

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Rig Lynx Monthly Rundown – Top 5 for May

June 5, 2021
| Monthly Rundown

For May we had over 34k article views, here are the top 5! News from Velesto, Valaris, Seadrill and Transocean Thanks for reading with us and we wish you a great month of June! Stay safe! Naga 7 punch through offshore Malaysia Sources across social media started sharing photos of the Naga 7, owned by Malaysia’s Velesto Energy, in what was called a

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Weatherford heads to NASDAQ

June 4, 2021
| Archives

Weatherford International plc announced that The Nasdaq Stock Market LLC ("NASDAQ") has approved its application for the relisting of Weatherford's ordinary shares on NASDAQ under the ticker symbol "WFRD", effective with the opening of trading on Wednesday, June 2, 2021. Girish Saligram, President and Chief Executive Officer, commented, "We are excited to fully return to the public markets on the Nasdaq stock

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Noble heading back to NYSE

June 4, 2021
| Archives

Noble Corporation announced that the Company has received approval for listing its ordinary shares on the New York Stock Exchange ("NYSE").  Trading is expected to commence under the ticker symbol "NE" at market open on June 9, 2021.  Robert Eifler, President and Chief Executive Officer of Noble, stated, "Listing our ordinary shares on the NYSE is an important

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Prosafe receives key support from lenders on financial restructuring

June 4, 2021
| Archives

Prosafe is pleased to announce that it has received support from lenders of Prosafe SE and Prosafe Rigs Pte. Ltd. on a comprehensive and material restructuring of the financial indebtedness of the group (the “Transaction”). The Company has received acknowledgment of credit approval (subject to certain conditions) in support of the Transaction from ca. 79% across the

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ReconAfrica confirms light oil and gas in Kavango Basin

June 4, 2021
| Archives

Reconnaissance Energy Africa (ReconAfrica) announced it has set intermediate casing and reports geologic results in the first section of the second well (6-1), which again confirms a working petroleum system in the Kavango Sedimentary Basin. As well, the Company is strengthening its Environment, Social & Governance (ESG) standard and committing a minimum of Canadian $10mm (Namibian $112mm)

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Repsol parts with Vietnam and Malaysia assets for $212 million

June 4, 2021
| Archives

Malaysian oil and gas exploration and production company Hibiscus Petroleum Bhd has acquired Spanish energy major Repsol Exploración, S.A.’s upstream assets in Malaysia and Vietnam for a cash consideration of $212.5 million, it said in a stock exchange filing on Friday. The acquisition comprises five production-sharing contracts, one of which is in Vietnam, a new market for Hibiscus.

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