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Lake Blue and TotalEnergies look to New Guinea’s Cape Vogel basin

July 13, 2022
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Lakes Blue Energy (LKO) and TotalEnergies EP PNG have signed a technical cooperation agreement for the potential development of Petroleum Prospecting License 560 (PPL 560). PPL 560 covers the Cape Vogel basin to the north of Papua New Guinea. There are a number of large prospects within the basin, however the company’s present focus is on the Buna prospect

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Harbour Energy announces results of Timpan-1

July 13, 2022
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Harbour Energy announced that it has completed the drilling of the Timpan-1 exploration well, located 150 kilometers offshore Indonesia, in a water depth of 4,245 feet. The well was drilled to a total vertical depth of 13,818 feet subsea. The well encountered a 390 foot gas column in a high net-to-gross, fine-grained sandstone reservoir with associated permeability of

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Saipem welcomes Perro Negro 11 into the fleet

July 13, 2022
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On July 8, 2022, the naming and departure ceremony of PERRO NEGRO 11, a 400-ft jackup drilling rig based on the F&G 2000E design and built by CIMC Raffles, was held in its Longkou construction base. Customer representatives and guests from the Middle East and Italy attended the event via video link with Longkou site. Ms. Wang

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Petroserv sells SSV Catarina but remains manager

July 9, 2022
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According to Esgian, an Oslo based company that provides analytical tools for the energy industry, noted that Petroserv has sold its 2013-built GVA-7500N semisubmersible SSV Catarina to a group of Norwegian investors. The semisub was sold last month for an undisclosed price. However, Esgian Rig Values estimates the rig transaction price to be in the USDm 50s and

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Equinor extends contract for Deepsea Stavanger

July 9, 2022
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Equinor has exercised further work for the Deepsea Stavanger under the continued optionality mechanism provided for in the contract entered into by the parties in May 2021. Following this addition, the Deepsea Stavanger now has six (6) remaining wells to be drilled which are expected to occupy the rig into Q2 2023. Equinor has the opportunity to

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BP awards Stena with contract offshore Newfoundland

July 9, 2022
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Stena Drilling has signed a new Contract with bp Canada Energy Group for Mobile Offshore Drilling Unit (MODU) Stena IceMAX. The one (1) well programme, scheduled for 2023, will be off the coast of Newfoundland (Canada) and has an estimated duration of 80 days. Stena Drilling are delighted to secure this scope with bp and look forward to working with bp to complete

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Equinor awards Valaris with 540 day contract for the DS17

July 9, 2022
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On behalf of the Bacalhau licence partners, Equinor Brazil has awarded Valaris, represented by Ensco UK Drilling and Ensco do Brasil Petróleo e Gás, a 540-day drilling contract scheduled to start in 2023. The Valaris DS-17 drillship has been tasked to drill an appraisal well, plug an old exploration well and conduct additional drilling scope in Brazil. 'Brazil is one of Equinor’s core areas, and Bacalhau is one of our

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Valaris adds on $466 million to backlog with new contracts and extensions

July 9, 2022
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Valaris has announced new contracts and contract extensions, with associated contract backlog of $466 million, awarded subsequent to issuing the Company’s most recent fleet status report on May 2, 2022. Contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements. 540-day contract with Equinor offshore Brazil for drillship VALARIS DS-17. The rig will be reactivated for this

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Noble sells 5 jackups to Shelf ahead of Maersk merger

June 29, 2022
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Noble Corporation announced that it has entered into an asset purchase agreement to sell five jackup rigs for $375 million to a newly formed subsidiary of Shelf Drilling, Ltd. whose obligations under the asset purchase agreement will be guaranteed by Shelf Drilling. The sale, which is subject to approval of the UK Competition and Markets Authority, is

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