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Halliburton Awards Major Software Grant to Three Algerian Universities

May 18, 2021
| Archives

Halliburton Company has awarded three multimillion-dollar educational software grants to Algerian public universities to train and prepare the next generation of Algerian oil and gas engineers and geoscientists Students will gain hands-on experience by applying their scientific coursework to real-world applications. The schools include the University of Science and Technology Houari Boumediene (USTHB), University of Boumerdes (UMBB), and University of Ouargla (UKMO). The three-year license

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Saipem Awarded Two Onshore Drilling Contracts

May 18, 2021
| Archives

Saipem has been awarded the extension of two important contracts for onshore drilling activities in Saudi Arabia for a duration of 5 and 10 years, respectively, and a new contract in Colombia for a duration of 4 years. The total of orders acquired by the Onshore Drilling division since the beginning of 2021 thus exceeds 250 million

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ONGC Drillship Sagar Bhushan Adrift After Cyclone Tauktae

May 18, 2021
| Archives

Cyclone Tauktae hit Arabian Sea off the coast of Mumbai in the early hours of May 17, 2021 where ONGC’s major production installations and drilling rigs are located. The wind speed rose to nearly150-180 Km/hr with 6 to 8 meters high waves. Due to the severe cyclonic storm, unfortunate incidences have occurred involving three construction barges of M/s

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TechnipFMC Awarded a Significant Subsea Contract from Ithaca Energy

May 18, 2021
| Archives

TechnipFMC today announced that it has been awarded a significant Engineering, Procurement, Construction and Installation (EPCI) contract from Ithaca Energy (UK) Limited for the Captain Enhanced Oil Recovery (EOR) Project in the UK North Sea. TechnipFMC will design, manufacture, deliver and install subsea equipment including a rigid riser caisson, water injection flexible flowline, umbilicals and associated equipment. Jonathan Landes,

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Sonatrach Signs MoU on E&P with Equinor

May 17, 2021
| Archives

Sonatrach and its Norwegian partner Equinor signed a Memorandum of Understanding in order to examine cooperation opportunities in the fields of exploration and production of hydrocarbons in Algeria and abroad, the protection of the environment, new technologies and operational performance. The signing of this protocol aims to strengthen the existing partnership between Sonatrach and Equinor, through the search

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U.S. Supreme Court backs energy companies in climate case

May 17, 2021
| Archives

The U.S. Supreme Court on Monday ruled in favor of BP PLC, Chevron Corp, Exxon Mobil Corp, Royal Dutch Shell PLC and other energy companies contesting a lawsuit filed by the city of Baltimore seeking monetary damages from them due to costs caused by global climate change. The 7-1 ruling, authored by conservative Justice Neil Gorsuch, came on

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Maersk Drilling sells two jackups for $31M cash

May 17, 2021
| Archives

Maersk Drilling has sold the jack-up rig Maersk Guardian (now named Guardian) to New Fortress Energy, and the parties have further entered into an agreement about the sale of the jack-up rig Mærsk Gallant with anticipated closing in June 2021. The total sales price for the two rigs is USD 31m in all-cash transactions. The new owner will

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Maersk Drilling grabs contract with INEOS

May 17, 2021
| Archives

Maersk Drilling has secured a contract from INEOS Oil & Gas UK to employ the harsh-environment jack-up rig Maersk Resolve for drilling and hydraulic stimulation at the Breagh Alpha A11 well in block 42/13 of the UK North Sea. The contract is expected to commence in Q3 2021, in direct continuation of the rig’s current work scope,

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Shell Exits Upstream Tunisia, ReconAfrica Spud In, Petrofac Contract, Frontier Resources and Namibia WAW 11

May 15, 2021
| West Africa Weekly

Listen to "EP 11: Shell Exits Upstream Tunisia, ReconAfrica Spud In, Petrofac Contract, Frontier Resources and Namibia" on Spreaker. Join Greg for another episode of West Africa Weekly! This week: -Oil Prices -Shell Signals Exit from Upstream Activities in Tunisia -ReconAfrica Spuds Second Well in Kavango Basin, Namibia -Petrofac Secures Contract for BP Project in Mauritania and Senegal -Frontier Resources Makes Find Offshore

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Special Episode: Exxon and Engine No. 1

May 15, 2021
| OVERTIME

Listen to "Special Episode - Exxon and Engine No.1" on Spreaker. Join Greg and Ryan for a special episode of Overtime! -Oil Prices -Exxon and Engine No. 1 With all the media buzz about Exxon and Engine No. 1 we put together a white paper and special episode of Overtime to engage thought about what the impact of green energy and renewables will be on some

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