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Vitol executive’s secret recordings to expand Brazilian oil bribery probe

October 21, 2020

Brazilian police expanded a long-running corruption probe at state-controlled oil company Petroleo Brasileiro SA based in part on secret recordings made by a former executive of Swiss trading firm Vitol SA, according to court documents released on Tuesday. Police on Tuesday served warrants seeking documents from six people and two companies as part of what is known as

Anton wants a raise – No Country for Old Men

October 21, 2020

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Anton has decided he wants a raise Listen in on the call... Enjoy the video!

Pioneer to buy Parsley in $4.5 billion deal, creating largest Permian Basin shale producer

October 21, 2020

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Pioneer Natural Resources Co said on Tuesday it would buy smaller rival Parsley Energy Inc in a deal valued at about $4.5 billion, the latest consolidation among U.S. shale producers slammed by the rout in oil prices during the pandemic. Many shale companies have been mired in losses because of weak crude prices, hovering around $40 a barrel

Maersk awarded three-well deal from Total Angola

October 21, 2020

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Maersk Drilling has been awarded a three-well contract from Total E&P Angola for the 7th generation drillship Maersk Voyager which will be employed to drill development wells in Angola’s Block 17. The three-well contract has an estimated duration of 140 days, which means that Maersk Voyager is now contracted until Q2 2021. The firm value of the three-well

Pacific Drilling Denied Permission to Appeal Zonda Arbitration Decision

October 20, 2020

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Pacific Drilling S.A. (NYSE: PACD) (the “Company”) announced today that the High Court in London has denied the application of the Company’s subsidiaries Pacific Drilling VIII Limited (“PDVIII”) and Pacific Drilling Services, Inc. (“PDSI”) for leave to appeal the previously-disclosed award that was issued in arbitration proceedings between PDVIII and PDSI and Samsung Heavy Industries Co. Ltd.

ANPG, ExxonMobil and Sonangol Sign Three Agreements for Namibe Basin Exploration

October 20, 2020

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The Angolan National Oil, Gas and Biofuels Agency (ANPG) signed three Risk Service Agreements (RSAs) with ExxonMobil and Sonangol P&P that will allow the increase of the offshore exploration area to over 17,800 square kilometers. These agreements will make it possible to identify the potential of hydrocarbon resources existing in the Namibe Basin. Until now the Namibe Basin

U.S. government to file antitrust lawsuit against Google on Tuesday

October 20, 2020

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The U.S. Justice Department is expected to file an antitrust lawsuit against Alphabet Inc’s Google on Tuesday for allegedly breaking the law in using its market power to fend off rivals, according to a source familiar with the planning. Source: Reuters

Oil India emerges as sole bidder blocks for the sixth and seventh open acreage licensing round

October 20, 2020

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Oil India Limited (OIL) is planning to bid solo for oil and gas blocks, according to company officials in the know. This decision has been taken for bids in the upcoming sixth and seventh auction rounds under the Open Acreage Licensing Policy (OALP) for which the last date for submitting expressions of interest is November 30. This is

Shelf’s Main Pass 1 jackup operations suspended

October 20, 2020

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Shelf Drilling, Ltd. announced today that it has received a notification from customer on suspension of operations for the Main Pass I jack-up rig for a period of up to 12 months. The foregoing suspension at zero dayrate is effective October 2020 and will automatically extend the term of the contract for a period equal to the

Transocean receive NYSE continued listing notice

October 20, 2020

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Transocean Ltd. (NYSE: RIG) announced that it received formal notice from the New York Stock Exchange (the “NYSE”) of non-compliance with NYSE continued listing standards. Transocean received the notice because the average closing price of its shares fell below the minimum of $1.00 per share during a consecutive 30 trading-day period. The Company is in compliance with all other NYSE continued listing

Author: Admin

Vitol executive’s secret recordings to expand Brazilian oil bribery probe

Anton wants a raise – No Country for Old Men

Pioneer to buy Parsley in $4.5 billion deal, creating largest Permian Basin shale producer

Maersk awarded three-well deal from Total Angola

Pacific Drilling Denied Permission to Appeal Zonda Arbitration Decision

ANPG, ExxonMobil and Sonangol Sign Three Agreements for Namibe Basin Exploration

U.S. government to file antitrust lawsuit against Google on Tuesday

Oil India emerges as sole bidder blocks for the sixth and seventh open acreage licensing round

Shelf’s Main Pass 1 jackup operations suspended

Transocean receive NYSE continued listing notice

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