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Appeals court halts Alaska’s Willow oil project

February 15, 2021
| Archives

An appeals court has blocked construction of ConocoPhillips’ $2 billion-plus Willow crude oil project in Alaska, putting on hold plans for one of the biggest oil projects in North Slope history. The 9th Circuit Court of Appeals in a weekend order sided with environmental and Native plaintiffs who challenged the Trump administration’s go-ahead for ConocoPhillips’ Willow project. Trump

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Rig Lynx Weekly Rundown – Vantage Drilling International subsidiary VHI to oversee Seadrill Partners LLC floaters

February 15, 2021
| Weekly Rundown

Each week we share with you trending articles from the industry Vantage Drilling International subsidiary VHI to oversee Seadrill Partners LLC floaters Under the management and marketing agreements, the VHI Entities will provide marketing and operations management services in respect of certain of the Seadrill Entities' deepwater floaters. Read More Vantage Drilling International subsidiary VHI to oversee Seadrill Partners LLC floaters TPAO

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Best of Overtime Volume 2

February 15, 2021
| OVERTIME

Best of Overtime – Volume 2 Listen to "Best of Overtime - Volume 2" on Spreaker. Episode 5 Oil Prices, Ryan predicts $75 the next day Episode 6 Hydrogen powered Toyotas Episode 7 Ryan schooling up Bali on lock blade knife policy Episode 8 Who would last longer, GM for the Mets or first person to land on mars? Episode 9 Our picks for UFC 257, we suck

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Maersk Drilling releases annual report for 2020, holds revenue backlog of $1.3 billion

February 12, 2021
| Archives

Maersk Drilling releases Annual Report for 2020: Safeguarding performance in a challenging environment Financial performance for 2020 (2019 in brackets)  Revenue of USD 1,096m (USD 1,222m)  EBITDA before special items of USD 289m (USD 415m)  Cash flow from operating activities of USD 267m (USD 420m)  Capital expenditures of USD 162m (USD 309m)  Free cash flow of USD 17m

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Transocean issues fleet status update, holds $7.8 billion in backlog

February 12, 2021
| Archives

Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. As of February 12, the company’s total backlog is approximately $7.8 billion. This quarter’s report includes the following updates: Deepwater Corcovado – Customer exercised a 680-day option in Brazil; Deepwater Mykonos – Customer exercised a 815-day option in Brazil; Development Driller

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KenGen lands drilling contract for 3 geothermal wells

February 12, 2021
| Archives

Kenya Electricity Generating Company (KenGen) PLC has won yet another international contract to drill three geothermal wells in Djibouti. The company today signed a Ksh 709,822, 630 (USD 6,452,933) contract with Office Djiboutien De Development De lenergie Geothermique (Djiboutian Office of Geothermal Energy Development) (ODDEG). The ceremony, in Galla Le Koma, Djibouti, was attended by Kenya’s Energy Cabinet

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Tullow parts with assets in EG and Gabon for $180 million

February 12, 2021
| Archives

London-based exploration and production company Panoro Energy has signed two agreements to acquire $180 million in assets held by multinational Tullow Oil in Equatorial Guinea and Gabon. Panoro Energy will acquire a 14.25% working interest in Equatorial Guinea’s Block G, operated by Trident Energy, and a 10% working interest in Gabon’s Dussafu Marin permit. The $180-million sale of assets

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Maersk bags some new contracts with fleet status update

February 12, 2021
| Archives

Maersk Drilling published their recent fleet status update, and it held some additional new contract awards: Maersk Discoverer has been awarded a one-well contract with BG International, a subsidiary of Shell, in Trinidad and Tobago with an estimated duration of 154 days. The contract is expected to commence in Q3 2021. Contract value undisclosed. Maersk Resilient has been awarded

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Rig Lynx Weekly Rundown – Nigerian federal court issues arrest warrant for ExxonMobil Nigeria managing director

February 12, 2021
| Weekly Rundown

Each week we share with you trending articles from the industry Nigerian federal court issues arrest warrant for ExxonMobil Nigeria managing director A federal court in Abuja has signed off on a warrant to arrest the head of oil major ExxonMobil in Nigeria to compel him to appear before anti-graft investigators Read More Nigerian federal court issues arrest warrant for ExxonMobil

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