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Vaalco hits paydirt with Etame appraisal well

February 19, 2020
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VAALCO Energy, Inc. announced that the South East Etame 4P appraisal wellbore drilled from the VAALCO operated South East Etame North Tchibala (SEENT) platform offshore Gabon in the Etame Marin permit area successfully encountered oil sands in the Gamba formation. Cary Bounds, Chief Executive Officer, commented, “We are delighted by the continued success from our 2019/2020 drilling campaign,

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Unitization agreement signed between Trinidad, Tobago and Barbados for exploration of hydrocarbons

February 19, 2020
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Prime minister of the Republic of Trinidad and Tobago, Dr Keith Rowley and prime minister of Barbados, Mia Mottley signed a unitization agreement Monday, February 17, 2020, in Bridgetown, Barbados, for the exploration of hydrocarbon resources which straddle the maritime boundary shared by Trinidad and Tobago and Barbados. In his remarks to the media after the signing, Dr

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Transocean posts 4Q and 2019 full year results

February 18, 2020
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  Contract drilling revenues for the three months ended December 31, 2019, increased sequentially by $8 million, primarily due to rig reactivations, including of the ultra‑deepwater floaters Deepwater Mykonos and Deepwater Corcovado. The quarter was also favorably impacted by higher utilization on the rest of the company’s ultra‑deepwater fleet and a full quarter of revenues from the newbuild harsh environment floater Transocean Norge. These increases

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Italy’s Eni speaks about new find offshore Mexico

February 18, 2020
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Eni said on Monday it notched an offshore discovery just off Mexico’s southern Gulf Coast, marking “a potential commercial outcome†in its area because of other nearby prospects. The new find is believed to contain between 200 million and 300 million barrels of light oil at a water depth of 1,115 feet (340 m) and comes about two

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Mexico’s Pemex signs contracts for new oil projects

February 18, 2020
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Mexican national oil company Pemex has begun signing contracts with oilfield service firms specifically invited to submit bids for a new batch of priority exploration and production projects, the state-owned company’s chief executive said. CEO Octavio Romero said on the sidelines of an energy event in Ciudad del Carmen, home to numerous Pemex installations in the southern Gulf

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ENI begins drilling Oman’s first deepwater offshore well

February 17, 2020
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In a move that bodes well for efforts to harness Oman’s untapped offshore hydrocarbon potential, the local subsidiary of global energy major Eni has commenced drilling of what is billed as the first deep-water well in the Sultanate’s history. A drillship chartered by Eni Oman commenced drilling activities in Block 52, a vast deepwater concession that extends off

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Remembering the Ocean Ranger

February 16, 2020
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  February 15th marks the anniversary of the 1982 ODECO Ocean Ranger drilling rig disaster in which 84 offshore workers lost their lives. ODECO Ocean Ranger Ocean Ranger was a semisubmersible drilling rig, designed to operate in the world’s harshest offshore environments, with the capacity to withstand wind speeds of 100 knots (190 km/h) and wave heights of 110 feet

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Transocean adds on $366mm to its back log with recent fleet update status

February 14, 2020
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  Transocean Ltd. today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. Since its last Fleet Status Report in October, Transocean added approximately $366 million in contract backlog, bringing total backlog to $10.2 billion. This quarter’s report includes the following new contracts: Leiv Eiriksson. – Awarded a two-well contract, plus three one-well options

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