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78.8 million acres up for lease in Gulf of Mexico

July 21, 2020
| Archives

The Bureau of Ocean Energy Management (BOEM) proposes to offer approximately 78.8 million acres for a region-wide lease sale scheduled for November 2020. Lease Sale 256, scheduled to be livestreamed from New Orleans, will be the seventh offshore sale under the 2017-2022 Outer Continental Shelf Oil and Gas Leasing Program.  Lease Sale 256 will include approximately 14,755 unleased

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Chevron to buy Noble Energy for $5 Billion

July 20, 2020
| Archives

Chevron Corp said on Monday it would buy Noble Energy Inc for about $5 billion, in the biggest U.S. energy deal since the coronavirus crisis crushed global demand for oil and sent crude prices to historic lows. Noble’s assets would expand Chevron’s shale presence in the DJ Basin of Colorado and the Permian Basin across West Texas and

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Maersk Valiant receives MPD upgrade

July 20, 2020
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Maersk Valiant has recently completed a drilling program offshore Mexico. During operations, the rig successfully employed the deepwater Managed Pressure Drilling (MPD) system to address downhole challenges on one of the exploration wells. "In Maersk Drilling we are constantly monitoring market requirements to complement our customers’ needs by keeping our assets in the most competitive shape. The current

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BJ Services files for Chapter 11

July 20, 2020
| Archives

BJ Services filed for Chapter 11 bankruptcy protection early on Monday, following a severe cut in demand and cash crunch due to the coronavirus pandemic. The company, which offers hydraulic fracturing of shale wells, said it was in discussions with bidders for sale of its cementing business and portions of its fracking operations. “Severe downturn in activity and subsequent

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U.S. Court of Appeals dismisses Petrobras filed appeal against Vantage Drilling’s arbitration award

July 20, 2020
| Archives

Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 05/17/2019 and 06/21/2019, informs that, yesterday, the United States Court of Appeals for the Fifth Circuit dismissed the appeal filed by the company against the decision rendered by the Federal Court of Texas, on 05/17/2019, which confirmed the arbitration award rendered in the arbitration moved by Vantage

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Most Active User Contest Week 30

July 19, 2020
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Most Active User Contest We give away $100 bucks each week! We want to see you using the app, getting active on the newsfeed, sharing the app with your friends by using the invite option, bringing new people along, get some great content on there, and have some friendly competition whether it be by video, photo or text We want

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Norway’s Aker Solutions announces merger with Kvaerner

July 17, 2020
| Archives

Aker Solutions announced a merger with Kvaerner and a new chief executive on Friday, forming a firm with $4 billion in revenue that will target the growing renewable energy market. The two oil services firms are controlled by Norwegian billionaire Kjell Inge Roekke via Aker ASA and have been hurt as oil firms cut spending. “The merger will create

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Keppel lands $73 million contract for FPSO work from MODEC

July 17, 2020
| Archives

Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly-owned subsidiaries in Singapore and Brazil secured two contracts worth a combined value of about S$73 million from MODEC Offshore Production Systems (Singapore) Pte Ltd (MODEC), a MODEC, Inc. group company. In Singapore, Keppel Shipyard has been engaged to fabricate, complete and integrate the topside modules and mooring

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Scarabeo 8 resumes drilling activities

July 17, 2020
| Archives

The drilling activities of the Scarabeo 8 will restart in Norwegian waters following the slowdown in activity due to the Covid-19 pandemic. Saipem and the Norwegian operator Vår Energi have reached an agreement for the execution of 4 wells to be drilled in the Barents Sea and in the North Sea, after such activities had been originally postponed

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