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Danos Bags 3 Year Shell Production Contract

June 30, 2020
| Archives

Danos has been awarded a contract with Shell Exploration and Production Company, a subsidiary of Royal Dutch Shell plc, to provide a production workforce across Shell production assets in the Gulf of Mexico, including Appomattox, Auger, Enchilada, Salsa, Mars, Ursa, Olympus, Perdido and Stones. The three-year contract began on May 1 and will employ 144 Danos personnel in

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CNOOC makes significant find in South China Sea

June 30, 2020
| Archives

CNOOC Limited announced today that the Company made a significant discovery of Huizhou 26-6 in Eastern South China Sea. It is expected to become the first mid-to-large sized condensate oil and gas field in the shallow water area of Pearl River Mouth Basin. The Huizhou 26-6 structure is located in Huizhou Sag in Zhu1 Depression of Pearl River Mouth Basin in Eastern South China Sea with an

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“Trying to become leaner” says Exxon CEO

June 29, 2020
| Archives

Exxon Mobil is preparing to cut jobs in the U.S. as the oil giant focuses on a slimmed-down and more efficient organizational structure, according to people familiar with the matter. Between 5% and 10% of U.S.-based employees who are subject to performance evaluations could end up leaving this year after their assessments, said the people, who asked not

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Chesapeake Energy files for bankruptcy

June 29, 2020
| Archives

Chesapeake Energy Corp filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed to heavy debts and the impact of the coronavirus outbreak on energy markets. The filing marks an end of an era for the Oklahoma City-based shale pioneer, and comes after months

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Rig Lynx Weekly Rundown – Top 5 from week 26

June 29, 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 26, June 21- June 27, we had 2k page views, and below are the top 5 Have a great week ahead! Shelf Drilling receives early contract termination for the Trident 16 KFELS initiates arbitration

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Update – Most Active User Contest Week 26

June 27, 2020
| Archives

Here is a quick update for our "Top 10" users that is delayed, this would have been published Thursday, we apologize for the delay. India is currently in the lead with Canada following a close 2nd... Prem Upadhyay / HSE Advisor / India Bharti Sharma / Office Clerk / Canada Snkt Patel / Ist Engineer / India Fransico Martinelli / Crane Operator

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Occidental warns of up to $9 bln impairment

June 26, 2020
| Archives

Occidental Petroleum Corp said on Thursday it expects to take impairment charges of up to $9 billion in the second quarter related to the value of its assets as the oil producer forecast crude price to remain lower for a long period of time. The company separately said it would buy back up to $1.5 billion worth of

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VAALCO Announces Changes to Its Board of Directors

June 26, 2020
| Archives

VAALCO Energy, Inc. today announced that Catherine Stubbs and George Maxwell were elected as new independent directors to the Company’s Board of Directors at VAALCO’s 2020 Annual Meeting of Stockholders.  Ms. Stubbs and Mr. Maxwell will serve on the Audit, Compensation, and Nominating and Corporate Governance Committees.  Ms. Stubbs will serve as Chair of the Audit Committee.

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Dolphin Drilling picks up a new LOI

June 26, 2020
| Archives

Global contractor Dolphin Drilling has announced it has secured a Letter of Intent with a Norwegian operator. This time for a three well P&A operation on the Norwegian Continental Shelf. Bjørnar Iversen, chief executive of Dolphin Drilling, said: "This agreement further strengthens our operational backlog in Norway and builds on the resurgence of Dolphin. "Dolphin Drilling is a

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