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Vantage Drilling bags work for the Sapphire Driller in EG

December 18, 2020

Sapphire Driller - Two firm wells, and five options, with Trident Energy in Equatorial Guinea, commencing in Q2 2021. Sapphire Driller is a Baker Marine Class 375 jackup that was constructed at PPL Shipyard and delivered to Vantage Drilling in 2009. Source: Vantage Drilling

2021 Foreign investment in oil and gas expected to hit $1.1 billion in Equatorial Guinea

December 18, 2020

| Archives

Equatorial Guinea’s Ministry of Mines and Hydrocarbons (MMH) will target increased foreign capital and E&P activities in 2021, following its recent evaluation of 2021 Work and Budget Programs. The MMH forecasts foreign direct investment for 2021 of approximately $1.1 billion, comprising $832.4 million in firm commitments and $370.6 million in contingent investment. As a result of augmented investment inflows,

Petrobras makes over $37 million payment to Bank of Brazil pension fund

December 18, 2020

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Petróleo Brasileiro S.A. – Petrobras informs that, on this date, the payment of R$ 190 million was made to the Pension Fund of the Employees of the Bank of Brazil – Previ, due to the agreement that ended the arbitration litigation proposed by Previ in order to obtain compensation from Petrobras for alleged damages related to the

Energean acquires Edison E&P

December 18, 2020

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Energean plc is pleased to announce that it has completed its acquisition of Edison Exploration & Production S.p.A. ("Edison E&P") from Edison S.p.A. ("Edison"). The gross consideration for the transaction, as at the locked box date of 1 January 2019, is $284 million and the final net consideration (net of cash acquired), as of today, is $203

Oil, Market, North Face Hates Oil, and Jake Paul calls Conor out with $50 milli

December 18, 2020

| OVERTIME

Greg and Ryan talk oil prices, market sentiment, G20 Climate Summit, Vatican Going Net Zero, Bitcoin Tops 20k, North Face Hates Oil and Gas, Vaccine, Disney’s New Lineup and Jake Paul has a bag of bills. SUBSCRIBE TO THE PODCAST ? https://www.spreaker.com/show/overtime_16 LISTEN ON: ITUNES ? https://podcasts.apple.com/us/podcast/overtime/id1543586841 SPOTIFY ? https://open.spotify.com/show/011NdEFDU9kjroD2C6WJZR?si=p6H58eTDR-6FwiH7uB5KaA YouTube ? https://www.youtube.com/c/RigLynx ADD US ON: LINKEDIN: https://www.linkedin.com/company/rig-lynx ADD US ON: INSTAGRAM: https://www.instagram.com/riglynx/ Tune

Pacific Drilling receives overwhelming acceptance for plan of reorganization

December 17, 2020

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Pacific Drilling S.A. announced today the final voting results on the First Amended Joint Plan of Reorganization of Pacific Drilling S.A. and its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code (the “Plan”). The voting results indicate overwhelming acceptance of the Plan by the two classes entitled to vote on the Plan. The Company has received votes

Far gets $159 million buyout call from Remus Horizons

December 17, 2020

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Oil and gas explorer Far Ltd said on Thursday it received a A$209.6 million ($159.15 mln) all-cash takeover proposal from private investment firm Remus Horizons PCC Ltd. The offer values Far at 2.1 Australian cents per share, representing a premium of 90.9% to the company’s shares last closing price of 1.1 Australian cents. Cash-strapped Far has struggled due to

Exxon in talks with Louisiana over $250 million refinery investment

December 17, 2020

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Louisiana Governor John Bel Edwards said Exxon Mobil Corp is considering investing more than $240 million in its 517,700-barrel-per-day (bpd) Baton Rouge, Louisiana, refinery. Exxon is contemplating several projects to increase flexibility in crude oils the refinery can process and to reduce pollution at the refinery, Edwards said in a statement released on Wednesday. Exxon spokesman Jeremy Eikenberry said,

Maersk Drilling’s low emission rig boasts first results in Norway

December 17, 2020

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After successfully being converted to a hybrid, low-emission rig, Maersk Intrepid has entered operations as the first Maersk Drilling rig to feature this set of upgrades. Maersk Intrepid is currently working for Equinor on the Martin Linge field where the ultra-harsh environment jack-up in November this year commenced its first drilling operation with the full low-emission package

Oil prices hit nine-month high

December 17, 2020

| Archives

Oil climbed to a nine-month high on Thursday after government data showed a fall in U.S. crude stockpiles last week, while progress towards a U.S. fiscal stimulus deal and strong Asian demand also buoyed prices. The U.S. dollar also set a 2-1/2-year low against major rivals on Thursday. Oil prices generally rise when the dollar falls because crude

Author: Admin

Vantage Drilling bags work for the Sapphire Driller in EG

2021 Foreign investment in oil and gas expected to hit $1.1 billion in Equatorial Guinea

Petrobras makes over $37 million payment to Bank of Brazil pension fund

Energean acquires Edison E&P

Oil, Market, North Face Hates Oil, and Jake Paul calls Conor out with $50 milli

Pacific Drilling receives overwhelming acceptance for plan of reorganization

Far gets $159 million buyout call from Remus Horizons

Exxon in talks with Louisiana over $250 million refinery investment

Maersk Drilling’s low emission rig boasts first results in Norway

Oil prices hit nine-month high

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