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Borr Drilling announces new contracts

February 14, 2023
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Borr Drilling Limited announced it has been awarded a new contract and two extensions for its premium jack-up drilling rigs "Ran", "Gerd" and "Natt". These awards increase the company’s firm backlog by approximately 625 days, excluding unexercised optional periods. The premium jack-up drilling rig “Ran” has secured a contract with Fieldwood Energy for work in Mexico. This contract

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Stacked Olympia to be converted for deep sea polymetallic recovery

February 12, 2023
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Transocean Ltd. announced that one of its wholly owned subsidiaries has agreed to make an investment in Global Sea Mineral Resources NV (“GSR”) in exchange for a non-controlling interest in the company. GSR is the deep-sea mineral exploratory division of DEME Group NV and is engaged in the development and exploration of deep-sea polymetallic nodules that contain metals critical to

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TotalEnergies at the helm of a new golden block

February 12, 2023
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TotalEnergies has decided to invest almost 50% of its global exploration budget to Namibia this year as it hopes to confirm a multi-billion barrels discovery on block 2913b within the Orange Basin. CEO Patrick Pouyanné made the announcement during the company’s 2022 Results & 2023 Objectives presentation this week. The French major will spend $300m on appraising its

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13 drilling contractors rush in for new Petrobras tender

February 12, 2023
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Earlier this week, Petrobras launched a new tender for the charter of up to four drilling rigs. The tender is divided into three non-excluding lots and the opening of the envelopes with the proposals is scheduled, in principle, for the 17th of March. According to the rules of the tender, only the 13 companies pre-qualified for the

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Transocean backlog sits at $8.5 billion with recent fleet status update

February 12, 2023
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Transocean Ltd. issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. This quarter’s report includes the following updates: Deepwater Corcovado – Awarded a four-year contract in Brazil at a current rate of $400,000 per day, as adjusted for foreign currency exchange. Deepwater Orion – Awarded a three-year contract in Brazil at current rate of $417,000 per day,

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APA announces discovery offshore Suriname

February 9, 2023
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U.S. oil producer APA Corp said on Wednesday that it had found oil after drilling Sapakara South-2 (SPS-2) appraisal well in Block 58, offshore Suriname. Exploration off the South American country’s coast has been watched closely as it is just over the border from massive oil discoveries made by an Exxon Mobil Corp-led consortium in Guyana that are

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Shelf Drilling Rig 141 gets extension offshore Egypt

February 9, 2023
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Shelf Drilling has secured a one-year contract extension for the Rig 141 jack-up rig in direct continuation of its current term with Gemsa Petroleum Company for operations in the Gulf of Suez offshore Egypt. Following this extension, the expected availability of the rig is February 2024. Source: Shelf Drilling Join our mailing list here

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Var Energi announces discovery in the Barents Sea

February 9, 2023
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Vår Energi has confirmed the discovery of oil in the operated 7122/8-1S Countach well in PL229 (Goliat), north-west of Hammerfest.  The well is currently drilled to 2 958m measured depth and oil has been encountered in the Realgrunnen and Kobbe formations. A sidetrack is planned to better define the size of the discovery. Extensive data is being collected for further

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Equinor announces oil and gas discovery in the North Sea

February 9, 2023
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Equinor has made an oil and gas discovery close to the Troll field in the North Sea. This is the seventh discovery in this area since the autumn of 2019. The name of the discovery is Røver Sør. According to preliminary estimates the size of the discovery is between 17 and 47 million barrels of recoverable oil equivalent, of which the majority

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Archer acquires Baker Hughes coil tubing and pumping business in the UK

February 9, 2023
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Archer has signed definitive agreements with Baker Hughes to acquire its coil tubing and pumping ('CT&P') business in the United Kingdom. The CT&P business includes four complete CT&P packages with supporting equipment, specialized and optimized for the UK market. As part of the transaction, Archer will take over a professional team of 51 employees in the UK, under a Transfer of Undertakings

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