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International Rig Count Down 20 Units in April

May 10, 2021
| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for April is 695, down 20 units from the count in March and down 220 units from the 915 counted in April 2020. Latin America is down 9 units to a total of 118 from the March count of 125 units and is up 29 units year-over-year. The Asia-Pacific region is

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Rig Lynx Rewind: Kanuni (Ex-Sertao) drillship set for joining the Fatih in the Sakarya field

May 10, 2021
| Archives

Originally published October 5, 2020 Turkey plans to deploy a second drilling ship in the Black Sea early next year following the biggest-ever natural-gas discovery there. The vessel, named Kanuni, will join another ship seeking further oil and gas fields, Energy Minister Fatih Donmez said in an interview with the state news agency Anadolu. In August, Turkey President Recep Tayyip Erdogan

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Dana Gas, Petronor, Morocco Projects, Kenya & Tanzania Pipeline, Angola Bid Rounds WAW 10

May 10, 2021
| West Africa Weekly

Listen to "EP 10: Dana Gas, Petronor, Morocco Gas Projects, Kenya and Tanzania Pipeline, Angola Bid Rounds" on Spreaker. Join Greg for another episode of West Africa Weekly! This week: -Oil Prices -Dana Gas Terminates Agreement for Sale of Egyptian Assets -Petronor Gains Access to Guinea-Bissau Offshore Blocks -Morocco on the brink of unlocking its gas potential -Kenya and Tanzania Sign Long-Awaited Natural Gas

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ReconAfrica spuds second well in Kavango Basin, Namibia

May 7, 2021
| Archives

Reconnaissance Energy Africa (ReconAfrica) has spudded the second well (6-1), of an initial three well programme in the Kavango Basin in the Kalahari Desert of North East Namibia. The 6-1 well is designed to evaluate the petroleum systems discovered in the first well (6-2) in an area of maximum thickness. With the first string of casing set and

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60% increase in April drilling permits for Texas

May 7, 2021
| Archives

The Railroad Commission of Texas issued a total of 732 original drilling permits in April 2021 compared to 456 in April 2020. The April 2021 total includes 629 permits to drill new oil or gas wells, five to re-enter plugged well bores, and 94 for re-completions of existing well bores. The breakdown of well types for original drilling

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Vantage signals market recovery with 1st quarter results

May 6, 2021
| Archives

Vantage Drilling International reported a net loss attributable to controlling interest of approximately $36.0 million or $2.74 per diluted share for the three months ended March 31, 2021, based on the weighted average shares outstanding, as compared to a net loss attributable to controlling interest of $30.6 million or $2.33 per diluted share for the three months

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Seadrill lenders agree to extended cash use, for now

May 6, 2021
| Archives

Seadrill Ltd on Wednesday reached a tentative deal that will allow it to continue using lender cash to fund operations while it works with creditors on a path out of bankruptcy. During a virtual hearing, U.S. Bankruptcy Judge David Jones, sitting in his Laredo, Texas courtroom, said he would extend Seadrill’s access to cash until Aug. 31. The

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Shell signals exit from upstream activities in Tunisia

May 6, 2021
| Archives

Royal Dutch Shell has informed Tunisian authorities it will hand back upstream concessions and leave the country next year as it turns its focus to renewable energy, Rania Marzouki a senior official in the energy ministry, told Reuters. Shell's departure will mean the Miskar concession in southern city of Gabes will be handed back to the government, she

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