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Maersk’s Innovator grabs option from CNOOC

June 14, 2019
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Today, Maersk Drilling has announced that CNOOC Petroleum Europe Limited, a wholly-owned subsidiary of CNOOC Limited, has exercised a one-well option for the Mærsk Innovator jack-up rig to continue drilling infill wells at the Buzzard field on the UK Continental Shelf. The option has an expected duration of approximately 100 days, which means the Mærsk Innovator is

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Shell dives into Mexico with another $1 Billion in approved projects

June 14, 2019
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Mexico’s oil regulator has approved exploration plans for four deepwater areas operated by Royal Dutch Shell, committing the company to invest at least $791M and potentially as much as $1B. Following approval earlier this week of Shell’s exploration plans for five other deepwater areas, meaning Shell could invest as much as $2.4B combined in the nine deepwater areas over the next four

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U.S. safety board urges new rules after fatal Oklahoma well blast

June 13, 2019
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An investigation into an explosion at an Oklahoma natural gas drilling rig that killed five workers last year faulted inadequate training and equipment and called for new regulations, the U.S. safety regulator said on Wednesday. The Pryor Trust gas well in Pittsburgh County, Oklahoma was operated by Red Mountain Energy LLC and workers employed by Houston-based drilling contractor

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Foundation Awards 65 Oil and Gas Scholarships

June 11, 2019
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In the latest round of scholarships from the Ohio Oil and Gas Energy Education Program (OOGEEP)and Foundation, 65 were awarded to qualified students pursuing careers in the natural gas and oil industry. Of the scholarships awarded, 36 are new and 29 are renewed. Scholarships are worth a minimum of $1,000 annually and can be renewed for up to four

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Well-Safe grabs 21 well deal from DNO

June 11, 2019
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Well-Safe Solutions announced Tuesday it has been awarded a contract to decommission up to 21 wells on the Schooner and Ketch fields in the UKCS, operated by DNO North Sea (ROGB) Limited, a wholly owned subsidiary of DNO ASA. The Schooner and Ketch fields, located in the UK Southern North Sea, ceased production in August 2018, with 20

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Oil price could fall to $30 if global deal not extended: Novak

June 11, 2019
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Russian Energy Minister Alexander Novak said on Monday he could not rule out a scenario in which oil prices could fall to $30 per barrel if the global oil deal was not extended. Novak said there were big risks of oversupply on the market and that Moscow needed to monitor the oil market more in order to be able to

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Stena Forth enroute to Guyana

June 10, 2019
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Colin Kinley, Chief Operating Officer commented: “The mobilization of the Stena Forth is the final stage of a long, conservative and quality-controlled process to plan and drill the initial two wells on Orinduik. The Block license was applied for in March 2014 and was awarded to Eco and Tullow in January 2016 with a first well commitment

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Angola kicks off six-year licensing cycle with 10 high-potential blocks

June 9, 2019
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Angola made another stride in becoming Africa’s hottest oil & gas frontier by launching the first phase of its brand new six-year oil licensing strategy.  The licensing round was launched by CEO of the National Agency of Petroleum, Gas and Biofuels (ANPG) H.E. Paulino Jerónimo during the opening ceremony of the Angola Oil & Gas Conference 2019, attended

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MHWirth strengthens U.S. manufacturing with $31.5 million buyout of Houston’s Bronco Manufacturing

June 9, 2019
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Akastor ASA’s wholly owned subsidiary MHWirth AS, has entered into agreements with Bronco Holdings LLC for the effective purchase of 100% ownership interests in Bronco Manufacturing LLC for a total consideration of USD 31.5 million. The agreements are formally entered into through MHWirth’s US subsidiary, MHWirth Inc. Bronco is a leading provider of critical aftermarket solutions and products

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