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Sonatrach and Wintershall Dea sign MoU

August 17, 2020
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Algeria’s energy firm Sonatrach has signed a memorandum of understanding with German oil and gas company Wintershall Dea over potential cooperation in exploration and production in the OPEC member country, Sonatrach said on Monday. The memorandum also includes talks on joint investment abroad, the state-run firm said in a statement. Wintershall Dea has been operating in Algeria since 2002

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Sweeping plan for oil development in the Arctic has been authorized

August 17, 2020
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The Trump administration on Monday authorized a sweeping plan to sell drilling rights and spur oil development in Alaska’s rugged Arctic refuge, setting up a possible auction by the end of 2020 and a political clash if the president loses the November election. The Interior Department’s decision approves oil leasing across the Arctic National Wildlife Refuge’s entire 1.56-million-acre

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Berkshire Sells Common Stock in Occidental Petroleum

August 17, 2020
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Warren Buffett’s Berkshire Hathaway Inc. sold its Occidental Petroleum Corp. common equity in the second quarter, heaping further pressure on one of the worst performers during this year’s historic oil rout. Berkshire had built up the stake in addition to its $10 billion investment in preferred shares last year, which helped fund Occidental’s ill-fated takeover of Anadarko Petroleum

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Update – Most Active User Contest Week 33

August 14, 2020
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Here is a quick update for our "Top 10" users for this week’s contest! Cameroon is currently in the lead! Sinclair Tzeuton / HSE Advisor / Cameroon Anthony Deer / Consultant / United States Sanjay Choudhary / Floorhand / India Brooke Nina / Office Clerk / United States Robert Ogonowski / Poland / OIM James Scott / Account Manager / United States Carolyn Ho / Operations Manager

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PV Drilling bags 5 well deal with KrisEnergy

August 14, 2020
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A letter of award has been agreed with PV Drilling for the PVD III jack-up rig to drill five development wells for the Apsara Mini-Phase 1A development. Mini Phase 1A is an additional five-well mini platform to supplement Phase 1A1 of the Production Permit Application dated 10 January 2017. The components of Mini Phase 1A are: A simple wellhead support

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Maersk Integrator awarded one-well deal with Aker BP

August 14, 2020
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Maersk Integrator awarded one-well contract with Aker BP in Norway in direct continuation of the rig’s current work scope with an estimated duration of 73 days. The contract is expected to commence in February 2021 and has a firm value of approximately USD 18.5m, excluding integrated services provided and a potential performance bonus Source: Maersk Drilling

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DeepSea Stavanger Arrives in Capetown Prior to Total Contract

August 13, 2020
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Mineral Resources and Energy Gwede Mantashe has announced the arrival of the DeepSea Stavanger drilling rig in Cape Town. The rig has been commissioned by petroleum giant Total and its partners to drill the Luiperd prospect in Block 11B/12B off the Mossel Bay coast, Western Cape. “The arrival of the drill rig, following the recent successful Brulpadda discovery, reaffirms confidence in

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Shelf Drilling Fleet Update Highlights

August 13, 2020
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Shelf Drilling released their fleet status update and below are the highlights Recent Events: High Island IV received notice of suspension of operations from Saudi Aramco at zero dayrate for up to 12 months beginning late June 2020; contract term to be extended by equal period. Trident 16 early-termination notice rescinded, rig on call out contract with Petrobel Egypt

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