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Interpol “Red Notice†issued for the arrest of Pemex ex-CEO

July 6, 2019
| Archives

Mexico’s attorney general’s office said on Friday that a judge issued arrest warrants for the former chief executive of state oil firm Pemex, Emilio Lozoya, three of his family members and one other person, in a graft case involving Brazilian builder Odebrecht. The Finance Ministry said in May that it presented the attorney general’s office with three charges against

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Valaris, EnscoRowan’s ambition to be “Boldly First†in the industry

July 3, 2019
| Archives

Ensco Rowan plc announced that it will change its name to Valaris plc, effective July 31, 2019. Following its name change, the Company’s ordinary shares will trade under the new ticker symbol VAL. The name Valaris was selected following a comprehensive process that included participation from the Company’s employees around the world, feedback from customers and other market

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Maersk bags one well deal with Edison in Egypt

July 2, 2019
| Archives

Edison E&P has signed on the Maersk Discoverer to drill an exploration well in the North Thekah gas field. The contract is expected to commence in Q4 this year and includes an additional one-well option. The Discoverer is a KFELS/MSC DSS 21 designed 6th generation dual activity semi-submersible that was put into service in 2009. Bassoe estimates the

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Halliburton signs a 3 year drilling contract with KOC

July 2, 2019
| Archives

US energy service provider Halliburton has secured an integrated offshore drilling services contract from Kuwait Oil Company (KOC) for six high-pressure high-temperature (HPHT) exploration wells utilising two jackup rigs in the Arabian Gulf. The company will provide and manage drilling, fluids, wireline and perforating, well testing, coring, cementing, coiled tubing, and all offshore logistical services. Additionally, Halliburton will

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For the oilfield service industry its survival of the one who can cut back the most…

July 2, 2019
| Archives

For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival. Five years after crude began its plunge to less than $30/bbl from more than $100/bbl, the companies that drill and frack wells are living in a new world. The producers they work for have become increasingly efficient and cost-conscious, reacting to

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Top 5 stories from the month of June

July 2, 2019
| Monthly Rundown

  For this month we have Anadarko’s CEO with that huge amount of money, the first mobile offshore rig in the world, Mexico heating up with jackup work, floater activity increasing into 2021 and Seadrill grabbing some work for the West Capricorn. #1 with 1393 views Anadarko CEO gets $98 million payout #2 with 673 views The first mobile offshore drilling rig:

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Wyoming Bureau of Land Management enjoys 94% bid success and $22 million on recent land offering

July 1, 2019
| Archives

Over 94 percent of public land offered during the Wyoming Bureau of Land Management’s quarterly oil and gas sale received bids, further expanding the reach of energy development. The sale brought in $22 million, with about half the earnings going to the state. Second quarter earnings came in far below the $100 million collected in March — a month with

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Two killed on Shell’s Auger TLP

July 1, 2019
| Archives

Two people were killed and one injured on Royal Dutch Shell Plc’s Auger platform in the Gulf of Mexico on Sunday. The incident occurred at 9 a.m. local time during “a routine and mandatory test of our lifeboat launch and retrieval capabilities,†a company spokeswoman said in an emailed statement. The injured person is being treated at a hospital

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