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Noble bags 5 well gig with IOG

November 3, 2020
| Archives

Independent Oil and Gas plc ("IOG" or "the Company"), (AIM: IOG.L), the UK gas company targeting high returns via an infrastructure-led hub strategy, as operator of its joint venture with CalEnergy Resources (UK) Ltd, is pleased to announce that it has awarded the rig contract for its Core Project Phase 1 to a subsidiary of Noble Corporation

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Petrofac completes sale of Mexico assets and notes $80.2 million dispute with Perenco, legal proceedings pending

November 3, 2020
| Archives

Further to its statement on 19 September 2019, Petrofac Limited (“Petrofac”) announces that the Group has completed the sale of its remaining 51% interest in its upstream IES operations in Mexico, including Santuario, Magallanes and Arenque, to Perenco Energies International Limited (“Perenco”). Perenco now owns 100% of the operations in Mexico. This transaction largely completes the Group’s

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Lufkin buys Schlumberger’s North American rod lift business

November 2, 2020
| Archives

Lufkin Industries said on Monday it had acquired oilfield services giant Schlumberger's North American unit that helps boost production from wells using so-called rod lift gear. The company did not provide a deal value. Schlumberger had put the rod lift business on sale, even before the industry was hit by an unprecedented decline in demand and prices due to

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Well-Safe Solutions secures $30 million in growth investment

November 2, 2020
| Archives

Following the recent acquisition of their second asset, Well-Safe Solutions has secured a significant £26 million (over $30 million USD) investment to fund the next phase of its growth plan. The further investment into the decommissioning company was led by MW&L Capital Partners, following their initial investment of £66 million to the company back in October 2019. Phil Milton, Chief

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Dolphin Drillings picks up short term work for the Borgland

November 2, 2020
| Archives

As announced by Mr. Bjornar Iversen CEO for Dolphin Drilling on his LinkedIn page: Very pleased with 5 months for Borgland Dolphin with DNO. This means a lot to our continuity of drilling operations for Borgland in 2021. The contract involves both drilling an exploration well, as well as plugging work on three wells on the Norwegian continental shelf.

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Pacific Drilling commences voluntary Chapter 11 restructuring

November 2, 2020
| Archives

Pacific Drilling S.A. announced that it and certain of its domestic and international subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas and have entered into a restructuring support agreement with an ad hoc group of the largest

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BW Energy grabs two jackups from Borr for conversation, purchase total $14.5 million

November 2, 2020
| Archives

BW Energy has concluded on an alternative development plan for the Hibiscus/Ruche satellite field in the Dussafu license offshore Gabon, utilizing a converted jack-up rig to reduce investments and time to first oil. Subsequently, the Company has acquired two jack-up drilling rigs, the 2003-built sister-units “Atla” and “Balder”, from Borr Drilling Ltd. BW Energy will pay a total

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Borr sells jackup Balder (ex GSF Constellation 2)

November 2, 2020
| Archives

Borr Drilling Limited is pleased to inform to have entered into an agreement to sell its cold stacked 2003 built jack-up drilling rig “Balder” to BW Energy. The completion of the sale is expected in the fourth quarter 2020, and the Company will receive USD 4.5 million sale proceeds. This sale follows the previously announced sale of

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Rig Lynx Weekly Rundown – Top 5 from week 44

November 2, 2020
| Weekly Rundown

Welcome back! If you missed any of the trending articles from last week we got them all here for you to start your week off with For week 44, Oct 25 - Oct 31, we had over 6.5k page views and below are the top 5 News from Valaris, Borr, Seadrill and Diamond Have a great week ahead! Valaris announces quarter 3 results and

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