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Invictus Energy to Begin Oil and Gas Drilling in Zimbabwe

September 18, 2020
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Australian listed oil and gas exploration company Invictus plans to begin drilling Zimbabwe’s first oil and gas wells in the Muzarabani prospect in October next year. The project will cost approximately $15 million, with $3.5 million already invested towards the preliminary work and processing of secondary data to date. Petroleum giant ExxonMobil had previously conducted studies in the

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DOF Subsea secures Integrated FSV Contract in Africa

September 17, 2020
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DOF Subsea has been awarded an integrated Field Support Vessel (FSV) contract with an international oil company in Angola. The project shall utilize Skandi Seven for a minimum of 303 firm vessel days plus 365 days of options. The Contract also includes the potential supply of additional vessels, as required by client.     DOF Subsea shall during the

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Sapura Energy bags over $203 million in new contracts

September 17, 2020
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Sapura Energy Berhad, a leading global integrated oil and gas services and solutions provider, has announced two major project wins in South America, as well as a drilling contract win in the Ivory Coast. The total value of the three contracts is RM840 million ($203.4million USD), bringing the company’s total wins to-date to RM1.6 billion, in FY2021. The new

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Sudan has denied ONGC and partners an extension of license to operate block 2B

September 16, 2020
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Sudan has denied ONGC and partners an extension of license to operate block 2B after the initial contract expired in November 2016. OVL had, along with state-owned Oil India Ltd, constructed and financed a 741-km multi-product pipeline from Khartoum refinery to Port Sudan for USD 194 million. India's Oil and Natural Gas Corp (ONGC) has exited from Sudan oilfields

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Apache commences operations on Keskesi with Noble’s Sam Croft

September 16, 2020
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Apache Corporation and Total S.A. provided an update to the technical evaluation of the Kwaskwasi-1 discovery well offshore Suriname. As previously announced, Kwaskwasi-1 discovered hydrocarbons in multiple stacked targets in the upper Cretaceous-aged Campanian and Santonian intervals. The well encountered 278 meters (912 feet) of net oil and volatile oil/gas condensate pay. The shallower Campanian interval contains 63

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Seadrill to suspend debt payments as restructuring talks continue

September 16, 2020
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A group of Seadrill’s creditors have agreed to let the offshore drilling rig operator suspend interest payments this month as part of an ongoing effort to restructure its $7.3 billion debt, the Oslo-listed company said on Wednesday. Seadrill, which has so far failed to convince its 43 bank lenders to permanently adjust the terms of its loans, reiterated

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Website Direct Advertising is Coming to Rig Lynx!

September 16, 2020
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Rig Lynx is pleased to announce that we will be rolling out our in-house advertising across our website next week. No, we do not use Google AdSense and light up your browser with pictures of drilling rigs and drill bits or anything else industry related after you leave our website or click on anything that is advertised

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Well-Safe Solutions purchases the West Epsilon jack-up

September 15, 2020
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Well-Safe Solutions is today delighted to announce the acquisition of the West Epsilon jack-up rig from Seadrill sparking another job boost for the company. Built in 1993, the asset is a heavy-duty, harsh environment jack-up with an extensive and enviable operational history in the North Sea. The news comes following the company’s acquisition of the Well-Safe Guardian in April

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Shelf terminates charter for two jackups

September 15, 2020
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Shelf Drilling, Ltd. ("Shelf Drilling" or the "Company", and together with its direct and indirect subsidiaries the "Group") on 21 February 2019 regarding the entering into of agreements with an affiliate1 of China Merchants & Great Wall Ocean Strategy & Technology Fund ("CM" or “China Merchants”) for bareboat charter of, and the option to buy, two CJ-46

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