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Valaris elects not to make a $13.3 million interest payment

June 15, 2020
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Valaris plc (the “Company”) has elected not to make the approximately $13.3 million interest payment (the “Interest Payment”) due and payable on June 15, 2020 with respect to its 7.375% Senior Notes due 2025 (the “Notes”). Under the indenture governing the Notes, the Company has a 30-day grace period to make the Interest Payment before such non-payment

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Most Active User Contest Week 25

June 13, 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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Record for Maersk Invincible: 2278m drilled in one day

June 12, 2020
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As part of a highly impressive campaign for Aker BP, the XLE jack-up became the first rig on the Norwegian Continental Shelf to go beyond 2000m on a 12 ¼” section inside 24 hours. During the spring of 2020, Maersk Invincible was breaking boundaries on the Valhall Flank West field operated by Aker BP. In the nine-well campaign, it was

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Over 10 Million Acres Up for Exploration Licenses in the Eastern Newfoundland Region

June 12, 2020
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The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued a Call for Bids for Exploration Licences in the Eastern Newfoundland Region. Call for Bids NL20-CFB01 (Exploration Licences, Eastern Newfoundland Region) consists of 17 parcels and a total of 4,170,509 hectares. Interested parties will have until 12:00 p.m. NST on November 4, 2020 to submit sealed bids for the parcels

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Bristow Completes Merger with Era

June 12, 2020
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Bristow Group Inc. and Era Group Inc. announced today that they have completed their combination (the “Merger”), creating a financially stronger company with enhanced size and diversification. The newly combined company will use the Bristow Group name (“Bristow”) and will remain a publicly traded company on the New York Stock Exchange.  The newly combined company’s common stock

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Update Most Active User Contest Week 24

June 11, 2020
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You have one more day to get registered and start using the app to catch up with our "Top 10" users! Croatia is currently in the lead! Jure Vulic / Crane Operator / Croatia Prem Upadhyay / HSE Advisor / India Deepak Sharma / Mechanical Engineer / Canada Wahyu Kusuma / Intern / Indonesia John Rodrigues / Assistant Driller / India Hachani Said /

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Bahamas Petroleum strikes acquisition deal for Columbus Energy

June 11, 2020
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Bahamas Petroleum Company PLC has announced the recommended £25mln acquisition of fellow Caribbean and South America focussed oil junior Columbus Energy Resources PLC. BPC told investors that the combination will create a “Caribbean and Atlantic margin focused oil and gas champion”. This ‘champion’ will own stakes in five producing fields, two appraisal and development projects  in Trinidad, including a brand new

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Kuwait moves to reduce the number of foreigners in the oil and gas sector

June 11, 2020
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Kuwait will no longer hire expatriates for jobs in its oil sector as the OPEC member moves to reduce the number of foreigners in the country. Non-Kuwaiti nationals won’t be hired at Kuwait Petroleum Corp., the main state-run energy producer, and its subsidiaries for 2020-2021, Kuwait News Agency reported, citing Oil Minister Khaled Al-Fadhel. Third-party contracts with expatriates, through

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Pemex forced to backtrack on its ambitious plans

June 11, 2020
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Mexico’s state oil giant is suspending contracts with service providers and suppliers, triggering thousands of job losses, people with direct knowledge of the situation said. Over the past several weeks, Pemex has suspended contracts with at least eight local and international oil-service providers and suppliers to cut spending, said the people, who asked not to be named because

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