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Seadrill receives early termination for the West Vencedor

August 2, 2019
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Seadrill Partners LLC has received an early termination notice for the West Vencedor contract offshore Cote d’Ivoire prior to its commencement which was expected in Q3 2019.  The unit had recently completed its work in Myanmar and will now stay in Southeast Asia to be marketed for additional opportunities. Seadrill Partners is expected to receive a lump sum

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RigNet lands contracts with T-Mobile and Transocean

August 1, 2019
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T-Mobile announced it’s the first major wireless provider to launch LTE coverage in the Gulf of Mexico, changing the game for offshore businesses and consumers alike. Working with RigNet, Inc., a global provider of secure, intelligent networking solutions, T-Mobile now covers more than 60,000 square miles of the Gulf – an area larger than the state of

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Amazon taps India O & G major for brick and mortar venture

August 1, 2019
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Amazon is in exploratory talks with Reliance Retail to acquire up to 26% in the country’s largest brick and mortar retailer, two senior industry executives said. However, they made it clear that there is no certainty that the initial discussions will result in any deal.  Talks began after Reliance’s negotiations with China’s Alibaba Group to sell a

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Shelf Drilling grabs two three year contracts

July 31, 2019
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Shelf Drilling has been awarded two new contracts in India with ONGC Shelf Drilling, Ltd. announced today that it has received an award for a three-year contract for each of the C.E. Thornton and F.G. McClintock jack-up rigs with Oil and Natural Gas Corporation (ONGC) for operations in the Mumbai High, offshore India. The planned start-up of

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Shell has sold its GOM Caesar-Tonga interest for $965 million

July 31, 2019
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Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has completed the sale of 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Equinor Gulf of Mexico LLC (Equinor), a subsidiary of Equinor ASA, subject to approval of the lease assignments by the regulator.  The total cash consideration was $965 million.  The transaction represents Shell’s focus

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China removes restrictions on foreign investment in upstream oil and gas

July 30, 2019
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China’s National Development and Reform Commission and the Ministry of Commerce jointly issued three lists relating to foreign direct investment in China, namely the Special Administrative Measures for the Access of Foreign Investment (2019) (“Negative List 2019â€), the Free Trade Zone Special Administrative Measures for the Access of Foreign Investment (2019) (“FTZ Negative List 2019â€) and the

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Norbe VI lines up a new two year contract

July 30, 2019
| Archives

Brazil’s Petrobras has signed a two-year contract to lease a drilling rig from Ocyan, formerly known as Odebrecht Oleo e Gas, an executive told Reuters, in the first deal between the firms since a corruption scandal erupted five years ago. Petroleo Brasileiro SA, as the state-run oil firm is known, formally selected Ocyan and two other companies in

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Ultra-deepwater drillship offered in auction by Petrobras

July 29, 2019
| Archives

Brazilian oil company Petrobras is seeking to auction off a 2010-built ultra-deepwater drillship. The company is planning to sell the Vitoria 10000 drillship via an international electronic auction in September. The Vitoria 10000 is a sixth-generation drillship built by Samsung, under the Samsung 10000 design. The rig – initially owned by Schahin – later renamed to BASE – entered service

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