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Egypt signs two Mediterranean deals with Exxon Mobil

January 31, 2020
| Archives

Egypt has signed two deals with Exxon Mobil Corp for oil and gas exploration in the Mediterranean, the petroleum ministry said on Tuesday. The deals involve a minimum investment of $332 million, the ministry said in a statement. Exxon Mobil announced the acquisition of more than 1.7 million acres last month. The first agreement is for exploration in the

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Hess Lays Out 2020 E&P Capital and Exploration Budget

January 31, 2020
| Archives

Hess announced their 2020 Exploration & Production capital and exploratory budget of $3.0 billion, of which more than 80% will be allocated to high return investments in Guyana and the Bakken. Net production is forecast to average between 330,000 and 335,000 barrels of oil equivalent per day in 2020, excluding Libya.  Bakken net production is forecast to average

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Henry Goodrich finishes up on the West White Rose project

January 30, 2020
| Archives

Having reached the end of its work in the West White Rose oilfield, the Henry Goodrich is on its way back to Bull Arm. Operated by Transocean, the semi-submersible rig reached the end of its two-year contract with Husky last week. Work was initially expected to conclude in November, but some delays carried its end date into the new

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Awilco signs LOI for the WilPhoenix

January 30, 2020
| Archives

Awilco Drilling PLC has signed a Letter of Intent with an undisclosed operator for the provision of WilPhoenix. The one well program has an estimated duration of 115 days and will commence in direct continuation from the rig’s current contract with Apache North Sea Limited in Q2 2018. The contract value is estimated at USD 13.8 million. WilPhoenix

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Grupo R signs up the Cantarell III with Hokchi Energy in Mexico

January 30, 2020
| Archives

On January 27, 2020 the Cantarell III self-elevating drilling rig arrived in Mexico. Grupo R signed a marine and logistics drilling contract with the company Hokchi Energy, S.A. de C.V. The Cantarell III platform will drill the wells of the Hokchi field development campaign located off the coast of the State of Tabasco. In this regard, Ramiro Garza Vargas,

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Northern Offshore lands a two year contract for the Energy Embracer

January 28, 2020
| Archives

Northern Offshore announces a contract award from Qatar Petroleum for the GustoMSC CJ46 jack-up unit, “Energy Embracerâ€. The Energy Embracer was delivered from the Shanghai Waigaoqiao Shipyard in China to Northern Offshore in December 2018 and has since been warm stacked undergoing maintenance and inspections from the shipyard and OEM representatives. The drilling unit is expected to commence work offshore of Qatar in April 2020 for a

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ExxonMobil rings in 2020 with a total of 15 discoveries and 8 billion oil-equivalent barrels in Guyana

January 28, 2020
| Archives

ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil equivalent barrels and made a further oil discovery northeast of the producing Liza field at the Uaru exploration well, the 16th discovery on the Stabroek Block. The new recoverable resource estimate includes 15 discoveries offshore Guyana through year-end 2019. The Uaru discovery is

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Popular News – Top 5 from this past week

January 28, 2020
| Weekly Rundown

This past week we had 5.6k page views and the top 5 grabbed up 2.5k of them, below are our top 5 articles for the week of Jan 19 – 25! #1 with 685 views Egypt locks in nine E&P agreements with four international companies #2 with 556 views Valaris JV ARO orders two newbuild jackups, both with eight year

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Bristow and ERA merge

January 24, 2020
| Archives

Bristow Group Inc. and Era Group Inc. announced today that they entered into a definitive agreement to combine the two companies in an all-stock transaction, creating a financially stronger company with enhanced size and diversification. The combined company, which will be named Bristow, will strengthen its global leadership position with significant operations throughout the Americas, Nigeria, Norway, the

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