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Author: Admin

Brazil prosecutors accuse two people in alleged Petrobras-Maersk corruption scheme

August 21, 2020
| Archives

Brazilian prosecutors pressed charges on Friday against two people for their alleged role in a scheme to obtain confidential market information from Petrobras to benefit Danish Maersk, the world’s largest shipping company. The case is a development of an investigation involving suppliers like Maersk that started in 2014 as part of the sprawling Car Wash scandal, which has

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Turkey President announces 320 billion cubic meter gas find – largest in black sea

August 21, 2020
| Archives

President Recep Tayyip Erdogan said Turkey has found 320 billion cubic meters of natural gas in the biggest ever discovery in the Black Sea, and hopes to begin production by 2023. The lira and benchmark share index both gave up gains, though, possibly reflecting disappointment among investors over the size of the deposit. ”We have conducted this operation completely

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Running from a problem…?

August 20, 2020
| Memes

No use in running from it, hit it straight in the face, conquer it

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Petrobras fast tracks employee remote access provided by Microsoft

August 20, 2020
| Archives

Big Oil is tapping Big Tech to keep drilling off the shores of Brazil even as the global pandemic traps workers at home. Confronted with the need to keep employees working remotely, Petroleo Brasileiro SA fast-tracked a move to a Microsoft Corp. cloud platform it had already been testing before lockdowns, Fernando Lemos, Microsoft’s chief technology officer in

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Maersk Drilling secures one-well gig for the Integrator

August 20, 2020
| Archives

Maersk Drilling has been awarded an additional one-well contract from Aker BP for the low-emission jack-up rig Maersk Integrator. In direct continuation of its previously announced work scope, the rig will move to the Ula field offshore Norway to drill the Ula F – Producer 1 well. The contract has an estimated duration of 85 days and

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How Rig Lynx exploded the online visibility of a Houston Non-Profit

August 19, 2020
| Case Studies

Introduction In 1938, the term ‘networking’ for the oilfield salesperson had not been coined, but a pioneer drilling equipment inventor named Elmer Decker recognized the need for it. Sales trips by U.S. oilfield equipment representatives- including Decker- to other countries were becoming necessary. Few oilfield equipment salespeople knew what to expect outside the U.S. when it came to

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COSL announces contract plans for the Innovator

August 19, 2020
| Archives

Earlier this summer, COSL Drilling Europe announced the signing of a letter of intent for the 6th generation, semi-submersible drilling rig the Innovator. It can now be confirmed that the rig will be used on license PL 973, where Chrysaor is the operator and owner together with its partners Okea and Petoro. The operation will take place

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Valaris announces agreement for significant debt restructure, Lazard ltd to serve as investment banker

August 19, 2020
| Archives

Valaris plc today announced that it has entered into a binding Restructuring Support Agreement (the “RSA”) and Backstop Commitment Agreement (the “BCA”) with approximately 50% of its noteholders (“Consenting Noteholders”). Valaris will undergo a financial restructuring that is intended to reduce its debt load substantially, support continued operations during the current lower demand environment and provide a

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Largest ever Direct Air Carbon Capture (DACE) facility to be built in the Permian

August 19, 2020
| Archives

A unit of U.S. oil and gas producer Occidental Petroleum Corp said on Wednesday that it will finance development of the largest ever facility to pull carbon dioxide out of the atmosphere through a process known as direct air capture. Oxy Low Carbon Ventures LLC said it has formed a development company with sustainability-focused private equity firm Rusheen

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Rig Lynx announces Connected Community to be utilized by Intercontinental Des Services in West Africa

August 18, 2020
| Press Releases

Houston, Texas – August 18 2020 – Rig Lynx, a specialized social network and provider of oil and gas online networking solutions announced today a partnership with Intercontinental Des Services (ICS), a labor contracting and offshore support company based in Pointe Noire, Republic of Congo. Through this partnership Rig Lynx will provide ICS with their Connected Community

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