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Fishing and oil industry fight Vineyard Wind project offshore U.S.

December 20, 2021
| Archives

Members of the U.S. commercial fishing industry are teaming up with an oil industry-backed lobbying group to fight offshore wind energy development on the East Coast, according to documents reviewed by Reuters and interviews with people involved. The unusual alliance reflects the breadth of opposition President Joe Biden faces as his administration pushes to expand offshore wind power

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Maersk Drilling and Aker BP extend 5 year commitment for jackups

December 20, 2021
| Archives

Maersk Drilling and Aker BP ASA have entered into a Heads of Agreement to renew and extend the frame agreement that establishes Maersk Drilling as the jack-up rig drilling partner. The agreement confirms Aker BP’s and Maersk Drilling’s commitment to renew the frame agreement by a five-year period and includes a commitment from Aker BP for the

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Guyana delivers draft of new local content bill

December 17, 2021
| Archives

Guyana's government delivered to the National Assembly the draft of a local content bill that will regulate its nascent oil industry, proposing requirements beginning at 5% by the end of 2022 for activities to be carried out by contractors and licensees. The proposed policy, seen by Reuters, relaxed some of the minimum requirements that a previous bill draft

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Latin America offshore auction kicks off

December 17, 2021
| Archives

Latin America's oil frontiers are back in the spotlight with auctions coming up in Brazil, Guyana and the Andean region that are expected to attract bids from major oil firms despite a global call to end fossil fuel development. Brazil is set to receive bids on Friday for offshore oil reserves that analysts say are some of the

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Exxon goes after new deepwater blocks in Brazil

December 17, 2021
| Archives

Exxon Mobil Corp is prepared to bid for new blocks in Brazil’s deep-water oil fields, a focus area for its oil and gas production growth, people familiar with the matter said. Any bid would mark its first big investment since it decided to resume spending after a historic, $22.4 billion annual loss in 2020. The auction could see

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Key Manhattan scores extension

December 17, 2021
| Archives

Shelf Drilling, Ltd. announced that it has secured an eighteen-month extension on the Key Manhattan jack-up rig in direct continuation of its current contract for drilling operations in the Adriatic Sea offshore Italy. The expected availability of the rig is now August 2023. Source: Shelf  Join our mailing list here

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Borr lands new work for the Norve and Thor jackups

December 17, 2021
| Archives

Borr Drilling Limited is pleased to announce it has secured a contract for the premium jack-up drilling rig “Norve” with BW Energy for work in Gabon. The contract is expected to commence in the second half of 2022 after the completion of the rigs current contract. The work will cover 4 firm wells with an anticipated duration

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Sacgasco signs up the Murmanskaya

December 16, 2021
| Archives

Sacgasco has announced that its wholly owned subsidiary, Nido Petroleum Philippines  ('NIDO'), has secured a Sale and Purchase Agreement on Service Contract Block 6B ('SC 6B') designed to accelerate the anticipated redevelopment of the Cadlao Oilfield and exploration of nearby East Cadlao oil prospect. The Joint Venture has agreed to appoint NIDO as the technical operator for SC 6B advising The Philodrill Corporation as the Operator of Record. Under

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Eni and Sonatrach sign decarbonization agreement for Berkine Basin

December 16, 2021
| Archives

A contract to relaunch production in the Berkine Basin and an agreement for decarbonization initiatives were signed in Algiers by the CEOs of both Eni and state firm Sonatrach, further strengthening Eni’s presence in the country. The Chief Executive Officer of Sonatrach, Toufik Hakkar, and the Chief Executive Officer of Eni, Claudio Descalzi, in the presence of the

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