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Maersk Convincer named jack-up of the year by Shell

February 17, 2021

Recognizing the rig’s outstanding performance across all parameters, Shell has chosen Maersk Convincer as Jack-Up Rig of the Year 2020. The rig has now won this award for three consecutive years. Since arriving in Brunei Darussalam in autumn 2017, Maersk Convincer has consistently been one of the best performing drilling rigs in Shell’s employ. Maersk Drilling’s successful customer

Shares up by 10% on strong crude prices, BP offers employees shares in the low carbon shift

February 17, 2021

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Oil major BP is launching its first share award scheme to rally its more than 60,000 employees around CEO Bernard Looney’s plan to shift to renewable energy following a bruising year of mass layoffs, bonus suspensions and spending cuts. The distribution of the shares, which will be locked for four years, will take place throughout 2021. The cost of

46,000 MW of power generation forced offline in Texas weather event

February 17, 2021

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A total of 46,000 megawatts (MW) of power generation has been forced offline since the Texas weather event started, the Electric Reliability Council of Texas said on Wednesday in a call with reporters. Of that, 28,000 MW was thermal generation, while 18,000 MW was renewable generation, ERCOT spokeswoman Leslie Sopko said. The system was still shedding 14,000 MW

Confidence returning in oil as Buffet buys in with $4 billion worth of Chevron

February 17, 2021

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Warren Buffett’s purchase of a $4.1 billion stake in Chevron Corp is the latest sign of confidence in an oil industry recovery in a year that has also seen one of America’s most influential financiers reset key investments. U.S. oil and gas companies have become a theme for Buffett’s Berkshire Hathaway Inc at a time when the industry

Gulf coast is frozen and U.S. government looks at permanent oil and gas ban for GOM

February 17, 2021

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The Bureau of Ocean Energy Management (BOEM) announced that it is rescinding the Record of Decision (ROD) for the Gulf of Mexico (GOM) Oil and Gas Lease Sale 257. The decision pauses planning for the proposed sale, which was expected to occur this March. The ROD is being rescinded in response to Executive Order 14008, “Tackling the Climate Crisis

Nigerian Oil and Gas manufacturing base set for completion 4Q 2022

February 15, 2021

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Engr. Simbi Wabote, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), has said that the Nigerian Oil and Gas Park will be completed in the fourth quarter of 2022, during an inspection of the construction work at the site in Bayelsa state. The NCDMB head noted that the park will act as a low-cost production

PGS Targets Lower Congo Basin in New Angola Acquisition

February 15, 2021

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PGS, in cooperation with ANPG, has begun a new fully prefunded MultiClient 3D survey in the Lower Congo Basin, near the river plume of the Congo in Angola Block 1/14. The acquisition phase will continue until April and fast-track data is expected in October 2021. Ramform Atlas is acquiring high-density 3D GeoStreamer data using a 10 x 8

Frozen wind turbines in Texas halts 12k megawatts of power during winter storm

February 15, 2021

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Nearly half of Texas' installed wind power generation capacity has been offline because of frozen wind turbines in West Texas, according to Texas grid operators. Wind farms across the state generate up to a combined 25,100 megawatts of energy. But unusually moist winter conditions in West Texas brought on by the weekend's freezing rain and historically low temperatures have iced many of those

Maersk announces new contract details for the Discoverer

February 15, 2021

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Maersk announces new contract details for the Discoverer As stated in Friday’s Fleet Status Report, Maersk Discoverer will drill two exploration wells for BG International Ltd., a subsidiary of Shell, offshore Trinidad and Tobago where the rig has been performing safely and efficiently since making the transit from Egypt last year. The new contract is expected to commence in September this year. Source: Maersk Join our mailing list here

Today we remember the Ocean Ranger

February 15, 2021

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February 15th marks the anniversary of the 1982 ODECO Ocean Ranger drilling rig disaster in which 84 offshore workers lost their lives. ODECO Ocean Ranger Ocean Ranger was a semisubmersible drilling rig, designed to operate in the world’s harshest offshore environments, with the capacity to withstand wind speeds of 100 knots (190 km/h) and wave heights of 110 feet

Author: Admin

Maersk Convincer named jack-up of the year by Shell

Shares up by 10% on strong crude prices, BP offers employees shares in the low carbon shift

46,000 MW of power generation forced offline in Texas weather event

Confidence returning in oil as Buffet buys in with $4 billion worth of Chevron

Gulf coast is frozen and U.S. government looks at permanent oil and gas ban for GOM

Nigerian Oil and Gas manufacturing base set for completion 4Q 2022

PGS Targets Lower Congo Basin in New Angola Acquisition

Frozen wind turbines in Texas halts 12k megawatts of power during winter storm

Maersk announces new contract details for the Discoverer

Today we remember the Ocean Ranger

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