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Talk The Tech – Steven Toups with Cleargistix

December 2, 2020
| Talk The Tech

Come join us for our kickoff episode of Talk The Tech on LinkedIn, Facebook and YouTube at 1:30 pm CST December 4th  Our first guest will be Steven Toups President of Cleargistix, a place where they destroy your paper problem About Cleargistix: Developed for on and offshore oil & gas service companies that are hampered by inefficient, manual, and often

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Tellurian withdraws U.S. application to build Permian natgas pipeline

December 2, 2020
| Archives

U.S. liquefied natural gas (LNG) developer Tellurian Inc told federal energy regulators on Tuesday it wants to withdraw its application to build the Permian Global Access natural gas pipeline in Texas and Louisiana. The filing with the U.S. Federal Energy Regulatory Commission (FERC) comes a day after Tellurian said its President and Chief Executive Meg Gentle will leave

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Sempra to buy remaining stake in Mexican unit in $6.13 billion deal

December 2, 2020
| Archives

Sempra Energy said on Wednesday it would buy the remaining stake in a Mexican unit in a deal valued at $6.13 billion as it eyes new investments in renewables and energy storage amid growing global demand for cleaner fuels. The company currently owns 66.43% of Infraestructura Energética Nova SAB de CV (IEnova), according to Refinitiv Eikon data, and

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Petrobras gains favorable partial decision in arbitration

December 2, 2020
| Archives

Petrobras informs that it received, a favorable partial decision in one of the arbitrations proceeding before the Market Arbitration Chamber (CAM) of B3, initiated by foreign investors who claim financial losses caused by the facts revealed at Lava Jato. This decision promoted the definitive exclusion of seventeen investors who did not prove their status as shareholders and, therefore,

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Conoco to possibly layoff 500 of Houston HQ staff as Concho buy closes

December 2, 2020
| Archives

ConocoPhillips may dismiss as much as one-fourth of its Houston headquarters staff as the largest independent oil explorer cuts costs and prepares for the takeover of Concho Resources Inc. Affected employees will be notified as early as Feb. 1 and will receive 60-days advance notice, severance pay and help finding new jobs, Conoco said in an email on

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Angola and the DRC Create Committee for Joint Oil Exploration

December 2, 2020
| Archives

H.E. Diamantino Pedro Azevedo, Angolan Minister of Mineral Resources, Petroleum and Gas, has announced the creation of a joint technical committee between Angola and the Democratic Republic of the Congo (DRC), pertaining to a joint oil exploration zone. According to the Minister’s Cabinet, the initiative originated during the Minister’s meeting with his Congolese counterpart, regarding the exploration area

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Rig Lynx Monthly Rundown – Top 5 for November

December 1, 2020
| Monthly Rundown

For November we had over 25k article views, here we will cover the top 5! News from Valaris, Pacific, Noble, Borr and Seadrill We know that it's not that easy at the moment but we wish all of you well wherever you are, thanks for reading with us and we wish you a great start to December! Stay safe! Valaris's DS 12

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Northern Ocean’s Third Quarter Results

December 1, 2020
| Archives

Northern Ocean issued their third quarter results and below are the highlights: Highlights - Third Quarter Subsequent Event West Bollsta commenced its initial contract for Lundin Energy Norway AS on October 6, 2020. Results In the third quarter, operating revenue was $21.4 million compared to $24.8 million in the previous quarter. The West Mira continued operations under contract

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Brazil prosecutors pin suit on Trafigura for alleged bribes in so called Car Wash probe

December 1, 2020
| Archives

Brazilian federal prosecutors have filed a lawsuit seeking damages from oil trading company Trafigura and former executives on corruption allegations involving Brazilian state-run oil company Petroleo Brasileiro SA (Petrobras), according to a statement on Monday. The prosecutors are also seeking a court order to freeze 1 billion reais ($187.55 million) of the defendants’ assets pending a final ruling

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Transocean Ltd. Announces Amendments to Resolve Allegations Contained in Purported Notices of Default

December 1, 2020
| Archives

Transocean Ltd. (NYSE: RIG) announced today that it, Transocean Inc. (together with Transocean Ltd., the "Company") and certain of its subsidiaries executed amendments to certain of their financing documents and implemented certain internal reorganization transactions to resolve the allegations contained in the previously disclosed notices of alleged default (the "Notices") with respect to Transocean Inc.’s 7.25% Senior Notes due 2025 (the

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