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Valaris JU-107 headed to Buffalo-10 for spud in

December 22, 2021
| Archives

Carnarvon Energy has announced that the Valaris JU-107 jack-up drilling rig is currently en-route to the Buffalo-10 location. Drilling is expected to commence within a week. Buffalo-10 is to be drilled offshore Timor-Leste within the TL-SO-T 19-14 Production Sharing Contract (PSC) in around 30 metre water depth. The well is being drilled to test for the presence of commercial quantities of hydrocarbons (oil) that could ultimately result in a re-development of the field. The Valaris JU-107 jack-up mobile offshore drilling unit (MODU) has been contracted to undertake the Buffalo-10 drilling campaign. The

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PETRONAS awards six blocks from Malaysia Bid Round 2021

December 22, 2021
| Archives

PETRONAS has awarded six of the 13 offshore exploration blocks offered in the recently concluded Malaysia Bid Round (MBR) 2021. The six blocks, awarded to both existing and new players, are Blocks SB412, 2W, X, SK427, SK439 and SK440. These awards are subject to the signing of the Production Sharing Contracts (PSCs) between the relevant parties by the first quarter of 2022. The MBR

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U.S. set for being the largest LNG exporter in the world by 2022

December 22, 2021
| Archives

The United States is set to become the world's biggest liquefied natural gas (LNG) exporter in 2022, surpassing Qatar and Australia, and may hold that title for years to come. In a year when China and other large economies in Europe and Asia scrambled to source enough supply for heating and power generation, the United States was sitting

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Chevron signs farm-out deal with Shell offshore Suriname

December 22, 2021
| Archives

Paradise Oil Company (POC), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V., retains its non-operated participating interest of 40%. The details of the deal, signed on 17 December, are not disclosed. Staatsolie welcomes the participation of a renowned party such as Shell in Block 5. The farm-out underlines the great interest there is in the offshore area

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Island Drilling awarded work offshore Mauritania

December 22, 2021
| Archives

Maersk Decom Mauritania A/S has awarded Island Drilling Company AS a contract for plugging and abandonment of four firm and one optional well in the Tullow Oil operated Banda and Tiof fields offshore Mauritania. The work is estimated to 75 days in total. Commencement of the work is Q4 in 2022. The Banda and Tiof fields are two

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ADNOC and TAQA announce $3.6 billion decarbonization project

December 22, 2021
| Archives

ADNOC and TAQA announced a $3.6 billion strategic project to significantly decarbonize ADNOC’s offshore production operations, further strengthening ADNOC and TAQA’s position in driving and leading sustainability efforts and supporting the United Arab Emirates (UAE) ‘Net-Zero by 2050 Strategic Initiative’. The innovative project will see the development and operation of a first-of-its-kind high-voltage, direct current (HVDC-VSC) subsea transmission

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Aker BP buys Lundin Energy for $13.9 billion

December 21, 2021
| Archives

Norway's Aker BP will buy the oil and gas business of Sweden's Lundin Energy, forming the second-largest listed petroleum firm on the Norwegian continental shelf, the two companies said on Tuesday. The cash and stock transaction values the acquired assets at approximately 125 billion Norwegian crowns ($13.9 billion), they said. "The proposed combination has strategic, and value accretive benefits and

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Vantage Drilling sells 3 jackups to ADES and pursues global strategic alliance

December 21, 2021
| Archives

Vantage Drilling International, announced that its board of directors has ratified and approved the entry into that certain Share Purchase Agreement (the “Agreement”) by one of its directly-held subsidiaries, Vantage Holdings International (“VHI”), with ADES Arabia Holding (“ADES Arabia”), the parent company of ADES International Holding, a PIF portfolio company and a leading offshore and onshore provider

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Vantage puts the Tungsten Explorer back to work in Egypt

December 21, 2021
| Archives

In a recent press release issued by Vantage Drilling International, they have indicated that the Tungsten Explorer, a 6th generation drillship, operated under a joint venture between ADES and Vantage (ADvantage) has returned to work in Egypt for an anticipated 150 days. The Tungsten Explorer entered into service in 2013, more vessel specs here. Source: Vantage Drilling International Join our mailing

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Neptune Energy awards contract extension to Petrofac

December 21, 2021
| Archives

Neptune Energy has announced the award of a two-year contract extension to Petrofac for engineering services for the Neptune-operated Cygnus Alpha and Bravo platforms in the UK Southern North Sea. Petrofac will provide a range of brownfield engineering, procurement, construction and commissioning services for the Cygnus field. It follows the award of a separate, three-year contract extension to the company earlier this

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