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EU Condemns New Turkish Drilling Off Cyprus

May 18, 2020
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The EU on Friday fired a fresh broadside at Turkey in a rumbling dispute over drilling for gas off Cyprus, accusing Ankara of "escalating" tensions. The bloc has repeatedly urged Turkey to end its energy exploration off the island, saying the drilling is illegal because it infringes on EU member Cyprus's exclusive economic zone. Earlier this year the EU

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Oil jumped to levels not seen since Covid-19

May 18, 2020
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Oil jumped to levels not seen since Covid-19 lockdowns paralyzed the world’s largest economy as Chinese demand returned and signs of a viable vaccine sparked optimism. Futures in New York climbed as much as 13.2% Monday. Chinese oil use is at 13 million barrels a day, just shy of the levels of a year earlier, traders and executives

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Total walks away from deal with Oxy assets in Ghana and Algeria

May 18, 2020
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Total SA abandoned a plan to acquire assets from Occidental Petroleum in Ghana, walking away after a proposal to buy Algerian projects from the U.S. company also collapsed. The breakdown of both sales is a setback for Occidental, which had earmarked the proceeds to help reduce debt after buying Anadarko Petroleum for $37 billion last year. After the

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Shelf Drilling Fleet Status Update Highlights

May 15, 2020
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Shelf Drilling issued it's recent fleet update status and here are the highlights: Trident 16 secured one-year extension with Belayim Petroleum Company (“Petrobel”) in Egypt. Trident II commenced its three-year contract with ONGC in March 2020. Shelf Drilling Tenacious received early termination notice from Dubai Petroleum; contract end date updated to September 2020. Shelf Drilling Mentor received early termination notice from

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Vallourec Brazil extends contract with oil major Equinor until 2024

May 15, 2020
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Vallourec Brasil managed to extend its contract with Equinor until March 2024, in addition to expanding the scope of the agreement with the Norwegian oil company. With the new arrangement, the company will supply new products in the line of seamless steel pipes and OCTG fittings used in operations in Brazil. In addition, Vallourec will also provide specialized

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Reduce Errors in your Business Process

May 15, 2020
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In an Ideal business world, there would be no errors.  But, no matter how much we try mistakes will happen.  We can however learn from our mistakes.  The trick is to have an internal system set-up so we do not do it again. 1. See what you have been doing and eliminate the steps that are the

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Update – Most Active User Contest

May 14, 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! India is currently in the lead! 1. Mohammad Quasmi – Trainee - India 2. Roland Anotho – Materialman - France 3. Allen Pitre- Account Manager – United States 4. Russ Michaud – Motorman – United States 5. Laura McFalls – Operations

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Transocean’s 712 headed for scrap, DD II could be as well

May 14, 2020
| Archives

On May 8, 2020, Transocean announced that it intends to dispose of the following two rigs: the ultra-deepwater floater GSF Development Driller II and the midwater floater Transocean 712. These rigs are classified as held for sale. The Company expects to dispose of the Transocean 712 in an environmentally responsible way and is evaluating whether to sell the

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