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Borr issues fleet status update, here are the highlights

May 21, 2020
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Borr Drilling issued their latest fleet status update and here are the highlights: New Contracts / Extensions / Amendments Ran New Contract; June 2020 to Sep 2020, Centrica Storage, UK. Gerd Notice of Early Termination effective May 2020; 180 days’ notice is applicable pursuant to Contract provisions. Groa Notice of Early Termination effective May 2020; 180 days’ notice is applicable pursuant to Contract provisions. MSS1 Early

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Operators suspend drilling in Angola

May 21, 2020
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The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt in Angola, Africa’s second-largest oil producer. The consequences could be grave for a poor country that relies heavily on oil revenues and is saddled with debts that exceed its economic output. The halt

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Oil rises on firmer demand

May 21, 2020
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Oil prices rallied on Wednesday after U.S. crude inventories fell in the most recent week, but gains were capped by worries over the economic fallout from the coronavirus pandemic and weak refining margins. Oil futures have staged a recovery from recent weakness as production has declined more swiftly than expected, reducing the supply glut that caused storage to

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Riglynx – Scenes

May 21, 2020
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jQuery preview URL – mini preview of the link target on hover DirectCode | March 24, 2016 | CSS, Effects, jQuery, Plugins, Text | 1 Comment Mini Preview is a jQuery preview URL plugin, that makes easy implementation of URL screenshots preview extremely easy. jQuery preview URL for links on hover We can implement a nice effect for our website, using this nice jQuery plugin. It’s created for adding live mini-previews to links

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Total grabs $15 billion financing commitment for Mozambique LNG project

May 20, 2020
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A Total SA-led liquefied natural gas project in Mozambique will receive commitments for about $15 billion of financing at a signing scheduled in June, according to people familiar with the matter. The first and most significant phase of the financing commitment for the LNG project -- which will be Africa’s biggest private investment yet -- involved lenders including

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Petronas Completes Suriname Farm-Down Transaction to Exxon

May 19, 2020
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Petronas through its subsidiary, Petronas Suriname Exploration & Production B.V. (PSEPBV), has completed the farm-down of 50 per cent of its participating interest to ExxonMobil Exploration and Production Suriname B.V. (ExxonMobil) from a 100 per cent participating interest in Block 52, offshore Suriname. Block 52 is located north of the coast of Paramaribo, Suriname’s capital city, and is situated

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Cutting costs to operate at $15 per barrel

May 19, 2020
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Petrobras is well prepared to operate with oil prices as low as $ 15 a barrel, after putting in place several measures to deal with the sector’s global crisis scenario, and may make further cost cuts, the company executive director of Finance and Investor Relations, Andrea Almeida, said on Friday. In view of the effects of the new

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Equinor raises $3.4 bln in euro, dollar bonds

May 19, 2020
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Norwegian oil company Equinor raised $3.4 billion in euro and dollar bonds on Monday, in its latest push to secure long-term funding at a time of weak crude prices. “In the current volatile market situation characterised by high uncertainty going forward, we see the value in further increasing our financial flexibility and resilience,” Chief Financial Officer Lars Christian

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EU Condemns New Turkish Drilling Off Cyprus

May 18, 2020
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The EU on Friday fired a fresh broadside at Turkey in a rumbling dispute over drilling for gas off Cyprus, accusing Ankara of "escalating" tensions. The bloc has repeatedly urged Turkey to end its energy exploration off the island, saying the drilling is illegal because it infringes on EU member Cyprus's exclusive economic zone. Earlier this year the EU

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