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Chariot signs MOU for the Anchois Gas project with focus on Morocco

March 2, 2021
| Archives

Chariot Oil & Gas has signed a Memorandum of Understanding (MOU) along with its partner the Office National des Hydrocarbures et des Mines (ONHYM) with the Ministry of Industry, Trade and Green and Digital Economy in Morocco. The MOU relates to the Ministry’s support of Chariot and ONHYM’s Anchois Gas Development project as a potential provider of

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Baker and Akastor create JV focusing on the global offshore drilling equipment market

March 2, 2021
| Archives

Baker Hughes and Akastor ASA have announced an agreement to create a joint venture company that will bring together Baker Hughes’ Subsea Drilling Systems business with Akastor’s wholly owned subsidiary, MHWirth AS. The Company will deliver a global full-service offshore drilling equipment offering that will provide customers with a broad portfolio of products and services. The transaction will result in

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Rig Lynx Weekly Rundown – Petrobras launches tender for 5 offshore rigs

March 1, 2021
| Weekly Rundown

Each week we share with you trending articles in the industry Petrobras launches tender for 5 offshore rigs The state-owned company published a public notice to contract up to five offshore drilling rigs. The opening of the envelopes with the bidders’ proposals is scheduled for March 15th. Read More Petrobras launches tender for 5 offshore rigs Higher dayrates and more work for

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Recon Africa Kavingo Basin Update

March 1, 2021
| Archives

ReconAfrica (Reconnaissance Energy Africa) recently provided an update on its drilling program in the Kavango sedimentary basin in the Kalahari Desert of North East Namibia. As previously announced on January 11, the company commenced drilling operations on the first well (6-2), of an initial three well program to evaluate potential hydrocarbon systems in one of five major

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NYSE underway with CNOOC delisting

March 1, 2021
| Archives

The New York Stock Exchange on Friday decided to begin formal delisting of Chinese state oil giant CNOOC Ltd based on an update to an executive order signed by former U.S. President Donald Trump in November last year. Prohibitions on CNOOC will take effect on March 9, 60 days after the company was added to the list that

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Exxon Mobil appoints two new directors to its board

March 1, 2021
| Archives

Exxon Mobil Corporation said today that Michael Angelakis and Jeffrey Ubben have joined its board of directors. Angelakis is chairman and CEO of Atairos, an independent strategic investment company focused on supporting growth-oriented businesses across a range of industries. Prior to founding Atairos, he served as Comcast Corporation’s vice chairman and chief financial officer. In those roles, Angelakis led

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Are private shale operators ramping up?

March 1, 2021
| Archives

The battered and bruised U.S. shale industry is finding a resurgence in one of the most unlikely places: private operators most investors have never heard of. Take the case of little known, closely held DoublePoint Energy. It’s now running more rigs in the Permian Basin than giant Chevron Corp. Meanwhile, family-owned Mewbourne Oil Co. has about the same

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Borr lands 3 year LOA with PTTEP Thailand

February 26, 2021
| Archives

Borr issued their fleet stats update today, highlights are below: New Contracts / Extensions / Amendments Idun Signed contract (from LOA)” March 2021 to January 2022, Vestigo, Malaysia Letters of Award / Letter of Intent / Negotiations Prospector 1 LOI: Q2 2021, Undisclosed, North Sea Skaid LOA: June 2021 to June 2024, PTTEP, Thailand Grid LOI: March 2021 to December 2021, Pemex, Mexico Gersemi LOI: March 2021

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