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Eni makes new discovery offshore Angola

April 7, 2021

Eni has made a new light oil discovery in Block 15/06, in Angola’s deep offshore. The well has been drilled on the Cuica exploration prospect located inside the Cabaça Development Area and close to the Armada Olombendo FPSO (East Hub) pursuing the exploration opportunities in proximity of existing infrastructures (ILX, infrastructure-led exploration). It resulted in an oil

23,000 job rise in March for U.S. oilfield service companies

April 7, 2021

| Archives

American oilfield services and equipment sector employment rose by an estimated 23,015 jobs in March, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology Council (Council). Routine BLS revisions reduced lost jobs in February to 7,697 from the 10,048 it reported one month ago. According to the revised

Maersk bags four well deal for the Viking

April 7, 2021

| Archives

Maersk Drilling has secured a contract with Shell Malaysia for the 7thgeneration drillship Maersk Viking to drill four development wells at the Gumusut-Kakap project offshore Malaysia. The contract is expected to commence in December 2021, with an estimated duration of 150 days. The firm contract value is approximately USD 34m, including a mobilisation fee. The contract includes

Ukraine and Qatar sign MOU for oil and gas sector

April 6, 2021

| Archives

The Ukrainian Energy Ministry and Qatar Petroleum have signed a memorandum of understanding on energy cooperation, the ministry's press service has reported. The document was signed by Ukraine's Acting Energy Minister Yuriy Vitrenko and President and CEO of Qatar Petroleum, Minister of State for Energy Affairs Saad bin Sherida Al-Kaabi. The two states intend to develop cooperation in the

Ecuador O & G Market to Witness the Highest Growth Globally between 2021-2026

April 6, 2021

| Archives

Recovering prices, strong demand from the transportation industry and modern developments of oil and gas exploration and production activities are some of the factors driving Ecuador oil and gas market growth. Increasing exports and imports of oil and gas on the account of surged demand across the world are fuelling the market growth. Global oil demand is estimated

India to account for one third of oil and gas project starts in APAC by 2025

April 6, 2021

| Archives

India is likely to witness an operational commencement of 647 oil and gas projects during 2021 to 2025, accounting for 33% of the total upcoming project starts across the value chain in the Asia-Pacific (APAC) region, according to GlobalData. GlobalData’s report, ‘Asia Pacific Oil and Gas Projects Outlook to 2025 - Development Stage, Capacity, Capex and Contractor Details

Rig Lynx Rewind: Transocean lands 5-year $830 Million USD Drilling Contract with Chevron

April 6, 2021

| Archives

Originally published December 28, 2018 Transocean Ltd. (NYSE: RIG) announced today that it has signed a rig design and construction management contract, as well as a five-year drilling contract, with Chevron USA, Inc. (Chevron) for one of its two dynamically positioned ultra-deepwater drillships (the drillship) currently under construction at the Jurong shipyard in Singapore. The drilling contract has

Rig Lynx Weekly Rundown – Total SE evacuate workers from Mozambique

April 5, 2021

| Weekly Rundown

Total SE evacuate workers from Mozambique Total SE are evacuating most of the remaining employees from its liquefied natural gas project in northern Mozambique as insurgents attacked a town nearby, throwing Africa’s biggest private investment into disarray Read More Enterprise Offshore awarded jackup work offshore Alaska According to Esgian, Enterprise Offshore Drilling has been awarded a contract for the Spartan 151 with

Angola looks at $64 billion in planned oil and gas investments over next 5 years

April 5, 2021

| Archives

According to the National Agency of Oil, Gas and Biofuels (ANPG), planned investments for currently active oil concessions will amount to approximately $67.4 billion over the next five years – of which state-owned Sonangol will account for $16.8 billion. Speaking at the “Forum on Business Opportunities in Angola in Mining, Oil and Gas” in Luanda, Dr. Eng. Belarmino

Seadrill asks for over 85% debt write off

April 5, 2021

| Archives

Offshore drilling rig contractor Seadrill has asked creditors to write off more than 85% of its debts in exchange for a 99% stake in the reorganized company, a court filing showed. The Oslo-listed firm controlled by Norwegian-born billionaire John Fredriksen in February filed for Chapter 11 bankruptcy protection in the United States, the second time it has done

Author: Admin

Eni makes new discovery offshore Angola

23,000 job rise in March for U.S. oilfield service companies

Maersk bags four well deal for the Viking

Ukraine and Qatar sign MOU for oil and gas sector

Ecuador O & G Market to Witness the Highest Growth Globally between 2021-2026

India to account for one third of oil and gas project starts in APAC by 2025

Rig Lynx Rewind: Transocean lands 5-year $830 Million USD Drilling Contract with Chevron

Rig Lynx Weekly Rundown – Total SE evacuate workers from Mozambique

Angola looks at $64 billion in planned oil and gas investments over next 5 years

Seadrill asks for over 85% debt write off

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