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Vantage Drilling completes sale of 3 jackups to ADES

June 1, 2022
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Vantage Drilling International announced that its directly-held subsidiary, Vantage Holdings International (“VHI”), consummated the sale to ADES Arabia Holding (“ADES Arabia”), of all of the issued and outstanding equity of VHI’s wholly-owned subsidiary, Emerald Driller Company (“EDC”), for a purchase price of US$170,000,000 in cash, together with an additional $34 million in cash in respect of contract

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Woodside and BHP complete merger

June 1, 2022
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Woodside and BHP have completed the merger of Woodside with BHP’s oil and gas portfolio to create a global energy company. Woodside has acquired the entire share capital of BHP Petroleum International Pty Ltd (BHPP) and issued 914,768,948 new Woodside shares to BHP, which BHP will distribute to its eligible shareholders. Woodside will receive net cash of approximately US$1 billion, which includes

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Tullow and Capricorn merge

June 1, 2022
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Tullow Oil and Capricorn Energy have reached agreement on the terms of a recommended all-share combination. The 'merger of equals will create a leading African energy company with a material and diversified asset base and a portfolio of investment opportunities delivering visible production growth'. Under the terms of the Combination, each Capricorn Shareholder will be entitled to receive for each Capricorn Share: 3.8068 New

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ADNOC adds two more jackups to the fleet

May 30, 2022
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Abu Dhabi's state-owned Adnoc has signed an agreement to acquire two offshore jack-up drilling units to support the company's ambitious plans to boost its crude and natural gas production capacity. The new rigs — being acquired from Well Target Five and Well Target Six — will start operations in the third quarter of this year year, boosting the

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DOF bags $70 million anchor handling contract offshore Brazil

May 30, 2022
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DOF-owned Norskan Offshore and DOF Subsea Serviços Brasil have won service contracts with Petrobras for the anchor handling tug supply (AHTS) vessel Skandi Iguazu, including a remotely operated vehicle (ROV). The contracts are set to commence in the fourth quarter of this year and have a duration of three years, plus options for two-year extensions. According to DOF, the

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Stena Don lined up for i3 Serenity prospect

May 30, 2022
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i3 Energy has entered into a contract with Petrofac Facilities Management Limited ('PFML') under which PFML will provide well engineering, operations management and operator services for the drilling of the Serenity appraisal well on its UK North Sea Licence P.2358 Block 13/23c. The contract allows i3 access to PFML expertise and services for a three-year period. PFML has an existing contract

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Suriname to auction deepwater offshore oil blocks late this year

May 30, 2022
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Suriname’s state oil company Staatsolie plans to hold an auction for deepwater offshore blocks at the end of 2022 and another for shallow water blocks in mid-2023, the company’s managing director told Reuters. The South American nation is a small onshore crude producer that is hoping to begin offshore output but has yet to confirm billions of barrels

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Keppel to charter out two more jackups to the Middle East

May 27, 2022
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Keppel Offshore & Marine Ltd (Keppel O&M) has, through its wholly-owned subsidiaries, signed contracts for the bareboat charter of another two KFELS B Class rigs to be deployed in the Middle East.  The rigs will be chartered to an established drilling company in the Middle East for deployment in 4Q 2022 for a period of three years, with

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Equinor makes new discovery in Barents Sea

May 27, 2022
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The well was drilled five kilometers south-southeast of discovery well 7220/8-1, which is in the Johan Castberg field, and 210 kilometers northwest of Hammerfest. Equinor is the operator of production license (PL) 532. Preliminary calculations of the size of the discovery indicate between 37 and 50 million barrels of recoverable oil. Together with the other licensees, Vår Energi

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