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Dril-Quip and Proserv Group Announce Strategic Agreement

July 1, 2020
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Dril-Quip, Inc. and Proserv Group announced an agreement pursuant to which Dril-Quip will rely upon Proserv for the development and manufacturing of its subsea control systems as a supplier. The mutually beneficial arrangement allows Dril-Quip to continue to support its existing subsea controls customers with the support of Proserv. The arrangement follows Dril-Quip’s strategic decision to consolidate the

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Vantage Drilling signs up with ENI Montenegro for 6 month gig

July 1, 2020
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Vantage Drilling International announced on LinkedIn that it has entered into a contract with Eni Montenegro BV for its premium jackup rig, the Topaz Driller, to perform drilling services offshore of Montenegro for 180 days. Ihab Toma, the Company’s Chief Executive Officer, commented, “We are very pleased to announce this contract with our client Eni for the Topaz Driller in Montenegro. Securing this

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Most Active User Contest Week 27

June 30, 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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Maersk inks one well deal for the Developer with Petronas

June 30, 2020
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Maersk Drilling has secured a contract for the semi-submersible rig Mærsk Developer which will be employed by PETRONAS Suriname Exploration & Production B.V. for a one-well exploration campaign in Block 52 offshore Suriname. The contract is expected to commence in Q3/Q4 2020, with an estimated duration of 75 days. The value of the firm contract is approximately

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Danos Bags 3 Year Shell Production Contract

June 30, 2020
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Danos has been awarded a contract with Shell Exploration and Production Company, a subsidiary of Royal Dutch Shell plc, to provide a production workforce across Shell production assets in the Gulf of Mexico, including Appomattox, Auger, Enchilada, Salsa, Mars, Ursa, Olympus, Perdido and Stones. The three-year contract began on May 1 and will employ 144 Danos personnel in

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CNOOC makes significant find in South China Sea

June 30, 2020
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CNOOC Limited announced today that the Company made a significant discovery of Huizhou 26-6 in Eastern South China Sea. It is expected to become the first mid-to-large sized condensate oil and gas field in the shallow water area of Pearl River Mouth Basin. The Huizhou 26-6 structure is located in Huizhou Sag in Zhu1 Depression of Pearl River Mouth Basin in Eastern South China Sea with an

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“Trying to become leaner” says Exxon CEO

June 29, 2020
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Exxon Mobil is preparing to cut jobs in the U.S. as the oil giant focuses on a slimmed-down and more efficient organizational structure, according to people familiar with the matter. Between 5% and 10% of U.S.-based employees who are subject to performance evaluations could end up leaving this year after their assessments, said the people, who asked not

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Chesapeake Energy files for bankruptcy

June 29, 2020
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Chesapeake Energy Corp filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed to heavy debts and the impact of the coronavirus outbreak on energy markets. The filing marks an end of an era for the Oklahoma City-based shale pioneer, and comes after months

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Update – Most Active User Contest Week 26

June 27, 2020
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Here is a quick update for our "Top 10" users that is delayed, this would have been published Thursday, we apologize for the delay. India is currently in the lead with Canada following a close 2nd... Prem Upadhyay / HSE Advisor / India Bharti Sharma / Office Clerk / Canada Snkt Patel / Ist Engineer / India Fransico Martinelli / Crane Operator

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Occidental warns of up to $9 bln impairment

June 26, 2020
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Occidental Petroleum Corp said on Thursday it expects to take impairment charges of up to $9 billion in the second quarter related to the value of its assets as the oil producer forecast crude price to remain lower for a long period of time. The company separately said it would buy back up to $1.5 billion worth of

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