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$1bn Secured by Tullow for New Ventures from U.S. Investment Group

October 4, 2019
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Former Tullow Oil senior executives Aidan Heavey and Tom Hickey have secured $1 billion (€920 million) in backing from US investment giant Carlyle for a new oil and gas venture in West Africa called Boru Energy. The company will target “primarily non-operated interests†in energy assets in the region, taking advantage of a major divestment drive by big energy companies looking to shift away from fossil fuels. Mr Heavey, who

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Borgland Dolphin back with Shell after February 2020

October 3, 2019
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Global contractor Dolphin Drilling has secured further work for its Borgland Dolphin semi-submersible drilling rig to start in early 2020. The company has won a contract with AS Norske Shell in Norway to provide rig support for the drilling and completion of a gas producer well on the Knarr field. The work will commence in February following the

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Valaris announces new contracts, $245mil in backlog addition

October 1, 2019
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Valaris announced today new contracts and contract extensions, with associated revenue backlog of approximately $245 million, awarded subsequent to a prior press release that announced new contract awards on August 26, 2019. VALARIS DS-16 (Resolute) contract with Fieldwood in the U.S. Gulf of Mexico extended by approximately 180 days from March 2020 to September 2020 due to the

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Brunei Shell signs up PV Drilling Semi for 6 years

September 30, 2019
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PetroVietnam Drilling & Well Service Corporation (PV Drilling) has entered into a Contract for Provision of Heavy Tender Assist Semi-Submersible Drilling Unit “PV DRILLING V†with Brunei Shell Petroleum Company SDN BHD (BSP). The contract has the duration of six years, plus two (2) times of two (2) year extension with commencement date of 01st April, 2021

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Valaris lines up the Gorilla VI for 18 months with Neptune

September 30, 2019
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Neptune Energy and its joint venture partners BP and JAPEX today announced Valaris plc has been awarded a contract to provide a heavy-duty jack-up drilling rig for the Seagull development oil project in the UK North Sea. Valaris will provide the Rowan Gorilla VI (VALARIS JU-248) to drill four firm wells for the development, which is located in

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Christmas in November? Brazil approves 14 firms to bid in massive oil auction

September 30, 2019
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Fourteen companies have been officially approved by Brazilian authorities to participate in an oil bidding round in November, in which total signing bonuses are expected to be the biggest so far, exceeding $25 billion, national oil regulator ANP said on Monday. As widely expected, the companies participating include a broad swath of global oil majors. In addition to Brazilian

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Update: Three rescued from the Bourbon Rhode as it sank in Hurricane Lorenzo

September 29, 2019
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As previously reported, Bourbon Offshore activates crisis cell to rescue crew of the Bourbon Rhode caught in Hurricane Lorenzo Three crew members from a tugboat that issued a distress call on Thursday in waters dangerously close to Hurricane Lorenzo were found safe in a lifeboat Saturday. The French Maritime Rescue Coordination Center confirmed the rescue to weather.com early Saturday

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Bourbon Offshore activates crisis cell to rescue crew of the Bourbon Rhode caught in Hurricane Lorenzo

September 27, 2019
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A rescue operation of Bourbon Offshore‘s tug/supply vessel Bourbon Rhode is under way, as the vessel was in transit 1,200 nautical miles off Martinique and 60 nautical miles south-southeast from the eye of category 4 Hurricane Lorenzo. In particularly adverse weather conditions, the 14 crewmembers are facing a water ingress in the rear part of the vessel. A crisis cell has

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