+1(833) 396-4204 info@riglynx.com
Menu

Archives

Petroserv’s SSV Catarina grabs JV contract working for ENI

June 7, 2019
| Archives

A consortium of PT Java Star Rig, a joint venture of KS Drilling and Universal Energy Resources, has won a drilling contract from Eni East Sepinggan worth US $95m. Under the contract, the two firms will charter sixth-generation semi-submersible drilling rig SSV Catarina in Indonesia. The work is expected to begin in H2 2019. KS Drilling is an 80%-owned

Read More...

Anadarko CEO gets $98 million payout

June 7, 2019
| Archives

Anadarko Petroleum CEO Al Walker will receive a golden parachute worth $98 million following the oil producer’s $38 billion sale to U.S. rival Occidental Petroleum. The payout is part of $300 million to be shared among six Anadarko senior executives, also including President Robert Gwin and CFO Ben Fink, according to a filing with the Securities and Exchange

Read More...

Bassoe: Mexican companies scramble to find jackup rigs

June 6, 2019
| Archives

Suddenly there’s a lot going on in the Mexican offshore rig market. So much that it’s confusing. Here’s your guide to what’s happening. It seems like yesterday that Pemex was renegotiating jackup rig contracts and putting rigs on standby as drilling demand in Mexico plummeted.  Oil production dropped from around 2.5 million barrels per day in 2013 to around 1.7 million

Read More...

Kongsberg grabs $40 million contract for Awilco newbuild controls with KeppelFELS

June 6, 2019
| Archives

Kongsberg Maritime has won its first milestone order for a major project combining KONGSBERG control and electrical systems with power, propulsion and mooring solutions. The contract is valued at approximately MNOK 350. The contract with Singapore’s KeppelFELS shipyard for a newbuild Awilco Drilling Owned Moss CS60Eco semi-submersible drilling rig covers a diverse technology and equipment package, previously not available

Read More...

Lukoil enters Republic of Congo for $800 million in cash

June 6, 2019
| Archives

PJSC LUKOIL concludes an agreement with New Age M12 Holdings Limited to acquire a 25% interest in the Marine XII license in the Republic of Congo for $800 mln in cash. The transaction is subject to customary conditions, including the approval by the government of the Republic of Congo. The Marine XII license covering 571 sq. km is

Read More...

API releases drone guidance for oil and gas applications

June 4, 2019
| Archives

The American Petroleum Institute (API) announced the publication of a new guide for using unmanned aerial systems (UAS), or drones, in oil and gas operations as part of its effort to further promote worker and operational safety. “Safety is always our industry’s top priority, and this guide ensures owners, operators, and service providers that are considering entering the

Read More...

30 companies awarded acreage offshore UK

June 4, 2019
| Archives

The Oil and Gas Authority (OGA) has offered for award 37 licence areas over 141 blocks or part-blocks to 30 companies in the 31stOffshore Licensing Round. These successful awards act as a strong platform for future exploration and production in frontier areas of the UK Continental Shelf (UKCS) in the Faroe-Shetland Basin, Moray Firth, East Irish Sea, East

Read More...

DOJ serves up a subpoena to Citgo

June 4, 2019
| Archives

Citgo Petroleum Corp. received a subpoena from the Department of Justice stemming from an investigation into bribery in Venezuela, indicating that the U.S. government is finally turning its attention to the company after years of prosecuting individuals. The Venezuelan-owned U.S. refiner has pledged full cooperation with the probe, without identifying the reason for the subpoena, it said Monday

Read More...

Bassoe – Floater Report

June 3, 2019
| Archives

The latest Bassoe Analytics floater report is out.   We’ve seen a slowdown in floater fixtures, but activity is expected to resume. Fixtures since our last report (including various exercised options) have been of short duration, and spot dayrates in benign environments are still subject to downward pressure. While contractor sentiment for the future is rising, current fundamental aspects of the market

Read More...

CNRL grabs up Devon Canada exit for $2.8 billion

June 2, 2019
| Archives

Devon Energy Corp. announced that it has entered into a definitive agreement to sell its Canadian business to Canadian Natural Resources Limited for CAD $3.8 billion, or USD $2.8 billion. This transaction is subject to customary terms and conditions and is expected to close by the end of the second quarter of 2019. Proceeds from the sale

Read More...