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COSL signs rig letter of intent for COSLInnovator

July 3, 2020

COSL Drilling Europe is now rewarded for investing in keeping the COSLInnovator in operational condition (ready to drill). Early next year the rig will again commence operation in the North Sea drilling 2-3 wells for a un-named rig operator. This is a very pleasant and well-deserved summer greeting to our organization and all employees for the effort

Transocean lands 17 month contract with LLOG with estimated value of $250 million

July 3, 2020

| Archives

Contract with Transocean in agreement for drilling and completion services on the Shenandoah project Further as stated in Section 5.2.8 of the Partnership Periodic Report for 2019, as published on March 29, 2020 (Reference No: 027949-01-2020) (hereinafter: "Periodic Report") Shenandoah Oil Below: "The Operator" and "The Project", respectively updated that on June 30, 2020, an agreement was signed for drilling

South African refinery explosion kills two, injures seven

July 3, 2020

| Archives

Two people were killed on Thursday in an explosion at Astron Energy’s 100,000 barrel per day refinery in Cape Town, the company said as it promised a full investigation. The Western Cape’s emergency medical services said one man and one woman died at the scene, while seven people sustained minor injuries and were taken to hospital. “This is a

Borr Drilling Limited Regains Compliance with NYSE

July 3, 2020

| Archives

Borr Drilling Limited, refers to its announcement on May 12, 2020 regarding the written notice received from the New York Stock Exchange (the "NYSE") that the Company was not in compliance with the NYSE continued listing standard with respect to the minimum average share price required by the NYSE (the “Continued Listing Standard”) because the average closing

North America Rig Count: U.S. down 2 and Canada up 5

July 3, 2020

| Weekly Rig Count

Baker Hughes Rig Count: U.S. -2 to 263 rigs U.S. Rig Count is down 2 rigs from last week to 263 with oil rigs down 3 to 185, gas rigs up 1 to 76, and miscellaneous rigs unchanged at 2. U.S. Rig Count is down 700 rigs from last year's count of 963, with oil rigs down 603, gas

Houston based McDermott completes restructuring

July 2, 2020

| Archives

McDermott International Ltd. ("McDermott" or the "Company") announced that the Company has successfully completed its restructuring process. The comprehensive balance sheet restructuring equitizes nearly all of McDermott's $4.6 billion of funded debt. The Company emerges with $2.4 billion in letter of credit capacity and $544 million of funded debt. McDermott has completed the sale of Lummus Technology to a joint partnership between Haldia Petrochemicals

Eni: New gas discovery in the Mediterranean Sea offshore Egypt

July 2, 2020

| Archives

Eni have successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, on the prospect called Bashrush. The discovery further extends to the west the gas potential of the Abu Madi formation reservoirs discovered and produced from the so-called "Great Nooros Area". Eni (as the Operator of

International Rig Count Down 24 Units in June

July 2, 2020

| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for June was 781, down 24 units from the count in May and down 357 from the 1,138 counted in June 2019. Latin America is up 9 units to 71 from the May count of 62 units and is down 118 units year-over-year. The Asia-Pacific region is up 1 unit to 197 from the May count of 196 units and

20% of Petrobras workforce accept voluntary buyout

July 2, 2020

| Archives

Some 10,000 employees of Brazil’s Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said on Wednesday, as the state-run oil company intensifies its quest to slim down and refocus on core businesses. In a webinar hosted by Brazilian newspaper Valor Economico, Castello Branco said the deadline for employees to sign up

Author: Admin

COSL signs rig letter of intent for COSLInnovator

Transocean lands 17 month contract with LLOG with estimated value of $250 million

South African refinery explosion kills two, injures seven

Borr Drilling Limited Regains Compliance with NYSE

North America Rig Count: U.S. down 2 and Canada up 5

Houston based McDermott completes restructuring

Eni: New gas discovery in the Mediterranean Sea offshore Egypt

International Rig Count Down 24 Units in June

20% of Petrobras workforce accept voluntary buyout

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