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Dana Gas in talks with IPR Energy on Egypt assets

September 2, 2020
| Archives

United Arab Emirates’ Dana Gas is negotiating details of a sale of its Egyptian assets with Texas-headquartered IPR Energy, three sources familiar with the matter said, ahead of a repayment of some $300 million in debt in October. The energy producer - whose main assets are in Egypt and in the Kurdistan Region of Iraq - was hoping

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Bristow rebrands Brazil ERA

September 2, 2020
| Archives

Bristow Group Inc., the largest offshore helicopter operator in the world, announced today it will rename its Aeróleo division in Brazil to Bristow and remain focused on its support of the oil and gas industry and other vertical lift solutions. Bristow has been an integral part of the oil and gas industry in Brazil for more than 40

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Dolphin Drilling secures Mexico work for the Blackford Dolphin semi

September 2, 2020
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Global contractor Dolphin Drilling announces it has signed an US$83 million contract with Petroleos Mexicanos (PEMEX). The deal will see the North Sea drilling pioneer’s Blackford Dolphin rig utilised in Mexico for the duration of the work, which is expected to last around 15 months. The Blackford Dolphin is currently mobilising for Mexico ahead of the commencement of

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Stena lands 1 well gig with Tullow

September 1, 2020
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Stena Drilling are delighted to announce that we have signed a new contract with Tullow Oil Suriname BV for Stena Forth to drill 1 well in Block-47, offshore Suriname. The block-47 offshore Suriname forms part of the Suriname-Guyana Basin; located approximately 260 km north of the coast of Suriname. Stena Forth will mobilise to Suriname in late December 2020/early January 2021 with a planned campaign commencement

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Seadrill offers its stakes in oil service firms to debtholders

September 1, 2020
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Offshore drilling rig contractor Seadrill said on Monday it has proposed to creditors to turn over its stakes in oil services firms Archer and Seadrill Seabras to redeem its outstanding secured notes. The company controlled by Norwegian-born billionaire John Fredriksen has been in talks with creditors since the end of last year over new debt restructuring. Seadrill said it

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Schlumberger sells U.S. fracking business

September 1, 2020
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Oilfield services firm Schlumberger agreed to sell its North America shale fracking business to rival Liberty Oilfield Services LBTR.N, unloading a unit that underperformed during the shale bust. The sale comes less than three years after Schlumberger sought to expand in hydraulic fracturing through a $430 million purchase of a rival’s fracking equipment. That bet soured as shale-oil

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Stena Drilling bags 10 well decommission contract from PSE Kinsale Energy Ltd

September 1, 2020
| Archives

Stena Drilling are pleased to announce that the company have signed a new contract with PSE Kinsale Energy Ltd for a decommissioning campaign in Ireland commencing April 2021. AGR Well Management are the lead contractor managing the design, supply chain and execution of both the platform and subsea well decommissioning work scopes on behalf of PSE Kinsale Energy Ltd. Stena Spey has been selected to perform this work and shall mobilise

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Odfjell managed Deepsea Yantai secures 3 wells with Neptune Energy

September 1, 2020
| Archives

Odfjell Drilling and CIMC Raffles are pleased to announce that Neptune Energy Norge has extended the contract for the Deepsea Yantai with an additional 3 wells taking the rig to late 2021. The rig will conduct the second drilling phase of Neptune Energy’s Fenja field development project. In addition, the parties have agreed to increase the number

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Brunei Shell exercises 20 month extension for the Maersk Convincer

August 31, 2020
| Archives

Brunei Shell Petroleum Company Sdn. Bhd. (BSP) has exercised the contract extension option for the jack-up rig Maersk Convincer that allows the rig to continue operating offshore Brunei Darussalam. The contract extension has an expected duration of 602 days and will commence in May 2021 in direct continuation of the rig’s current work scope, which means that

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UAE scraps Israel boycott

August 31, 2020
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The president of the United Arab Emirates scrapped an economic boycott against Israel, allowing trade and financial agreements between the countries in another key step towards normal ties, the UAE’s state news agency reported on Saturday. Israel and the UAE said on Aug. 13 they would normalise diplomatic relations in a deal brokered by U.S. President Donald Trump

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