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Oil Majors could see proven reserves run out in less than 15 years as output is not replaced by discoveries

May 11, 2021

The proven oil and gas reserves of the group of major companies are falling at an alarming rate, as produced volumes are not being fully replaced with new discoveries. A Rystad Energy analysis shows that Big Oil lost 15% of its stock levels in the ground last year, with remaining reserves set to run out in less

SDPL bags 4 well deal for the West Capella

May 11, 2021

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Seadrill Partners LLC has secured a four well contract plus an option for up to seven additional wells for the West Capella in Malaysia. Total Contract Value for the firm portion of the contract is expected to be approximately $43 million with commencement expected in May 2021 and running to November 2021. Source: Seadrill Partners Join our mailing list

Shelf Drilling First Quarter Highlights

May 11, 2021

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Shelf Drilling, Ltd. announced results for the first quarter of 2021 ending March 31. David Mullen, Chief Executive Officer, commented: “We delivered good operational and financial performance in the first quarter of 2021 despite the very challenging environment imposed by the COVID-19 pandemic. The recent surge in infections has been particularly harmful in several of the geographies

Petrofac secures contract for BP project in Mauritania and Senegal

May 10, 2021

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Petrofac has secured a contract with BP to develop operational procedures for their Greater Tortue Ahmeyim (GTA) Project in Mauritania and Senegal The GTA Phase 1 project is creating a new LNG hub in Africa. Centred on minimising risk and harm to personnel, plant and the environment, the procedures will encompass all offshore operations, including subsea, floating production storage and

Transocean awarded 9 well P & A for the Discoverer Inspiration

May 10, 2021

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According to Esgian, an Oslo based company that provides analytical tools for the energy industry noted that Transocean's Discoverer Inspiration has signed with Hess Corp. for a 9-well P&A campaign in the US GoM. The contract is expected to commence in Q4 2021 and will take approximately 240 days. The ultra-deepwater drillship is currently warm stacked in

Odfjell awarded additional well for the Deepsea Atlantic

May 10, 2021

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Equinor has exercised one additional well to the Deepsea Atlantic contract. The well has been exercised under the Continued Optionality mechanism in the contract entered into between the parties in May 2018, as part of the overall Master Frame Agreement. The work shall commence after the completion of the current scope estimated to be in Q3 2021. The

Valaris awarded 240 day extension for JU-115 offshore Thailand

May 10, 2021

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Valaris Limited announced today that it has been awarded a contract extension of approximately 240 days with Mubadala Petroleum Thailand offshore Thailand for VALARIS JU-115, a heavy-duty modern jackup. The extension is anticipated to begin in the first quarter of 2022 and, as a result, the VALARIS JU-115 is now expected to be under contract through September

Wolford steps in to lead Diamond Offshore

May 10, 2021

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Diamond Offshore Drilling, Inc. announced today that Bernie G. Wolford Jr. has been named the Company's President and Chief Executive Officer and will also serve on the Board of Directors. Mr. Wolford succeeds Marc Edwards, who retired from the Company as Chairman, President and Chief Executive Officer on April 23, 2021 when the Company and its debtor affiliates emerged from their chapter

BP sticks with API

May 10, 2021

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BP said on Monday it will remain a member of the American Petroleum Institute (API) after the largest U.S. oil and gas trade lobby group addressed some differences with the British energy company over climate change. BP, which plans to sharply cut its oil output and boost its renewable energy capacity over the next decade, said in a

Hacked fuel pipeline could send U.S. pump price highest since 2014

May 10, 2021

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U.S. gasoline prices at the pump jumped 6 cents in the latest week and could soon be headed for the highest level since 2014 due to the supply disruption caused by a cyber attack on the country’s biggest fuel pipeline system. The ransomware attack forced Colonial Pipeline to shut down its system on Friday. Some smaller lines were

Author: Admin

Oil Majors could see proven reserves run out in less than 15 years as output is not replaced by discoveries

SDPL bags 4 well deal for the West Capella

Shelf Drilling First Quarter Highlights

Petrofac secures contract for BP project in Mauritania and Senegal

Transocean awarded 9 well P & A for the Discoverer Inspiration

Odfjell awarded additional well for the Deepsea Atlantic

Valaris awarded 240 day extension for JU-115 offshore Thailand

Wolford steps in to lead Diamond Offshore

BP sticks with API

Hacked fuel pipeline could send U.S. pump price highest since 2014

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