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Shell filed appeal against landmark Dutch climate ruling

March 29, 2022
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Energy major Shell has filed its appeal against a Dutch court ruling that ordered the oil, gas and fuel producer to cut its emissions faster in a landmark win for activists turning to courts to force climate action. While Shell had set itself a target to reach net zero carbon neutrality by 2050, its intermediate targets were based

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Transocean buys into Ocean Minerals

March 29, 2022
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Transocean Ltd. announced that it has purchased a minority interest in Ocean Minerals Ltd., a company engaged in the exploration of seabed resources containing metals critical to the growing renewable energy market. Ocean Minerals, through its affiliate, Moana Minerals Limited, was awarded a license by the Cook Islands Seabed Minerals Authority last month for exploration of polymetallic nodules within the application area located

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Constellation gets green flag from creditors

March 28, 2022
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Constellation reported this week that an amendment to its Judicial Recovery Plan was unanimously approved by its creditors. In a statement, the company stated that the payment conditions and restructuring measures indicated will only come into force after a Confirmation Order issued by the 1st Business Court of Rio de Janeiro, which should happen in the next

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Exxon comes up dry on Cutthroat

March 28, 2022
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Brazilian oil company Enauta Participacoes SA said on Monday no hydrocarbons were found at the 1-EMEB-3-SES well, an asset in which it has Exxon Mobil Corp and Murphy Oil Corp as partners, sending its shares down. Enauta’s securities filing on the drilling came a week after Houston-based Murphy Oil said Exxon’s Cutthroat prospect in the Sergipe-Alagoas Basin could

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KCA Deutag sells drilling assets in Nigeria

March 25, 2022
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As part of its growth strategy to optimize the business and focus investments in core markets such as the Middle East, global drilling, engineering and technology provider KCA Deutag has completed the sale of its land drilling business in Nigeria for $18m. The sale includes five drilling rigs. Geoplex Drillteq Limited has purchased the rigs and will

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Seadrill changes out President before bankruptcy exit

March 25, 2022
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The Board of Seadrill Limited (“Seadrill” or the “Company”) is pleased to announce the appointment of Simon Johnson as President and Chief Executive Officer. Mr. Johnson will replace Stuart Jackson as President and Chief Executive Officer with immediate effect. Julie Robertson, Chair of the Board of Seadrill, commented: “On behalf of the Board of Seadrill, I would like to thank

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Diamond Offshore approved to relist with NYSE

March 25, 2022
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Diamond Offshore Drilling, Inc. announced that the Company has received approval to relist its unrestricted common stock on the New York Stock Exchange (NYSE) under the ticker symbol "DO." The Company expects the common stock to commence trading on or about Wednesday, March 30, 2022. Bernie Wolford, Jr., President and Chief Executive Officer, stated, "We are excited to return to the

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Shell tenders for deepwater drillship offshore Brazil

March 25, 2022
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Shell intends to carry out a new exploratory campaign in Brazil in 2023, with the drilling of at least two wells in the Campos and Santos basins. The oil company launched a bid to charter a rig. Some companies, however, have already informed that they are not available to attend the campaign. Shell does not specify the areas

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DOF Subsea lands work with Woodside

March 25, 2022
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 DOF Subsea Australia has been awarded Woodside’s Enfield XT Retrieval and Offshore Support Services. The campaign execution will involve the recovery of 18 Subsea XTrees, 18 Flowbases and associated spool sections, one wellhead severance and recovery of up to 18 Temporary Guide Bases at the Enfield Field, Australia. The contract includes Project Management, Engineering, Fabrication, and decommissioning Services and is expected

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Stena and Exxon finish up on Glaucus 2 offshore Cyprus

March 25, 2022
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The Cyprus Ministry of Energy, Trade and Industry has announced that the Glaucus-2 appraisal well in Block 10 of the Exclusive Economic Zone of the Republic of Cyprus, has been successfully and safely completed. The drilling operations, which included production tests, were carried out by ExxonMobil and Qatar Petroleum International Upstream. The drilling demonstrated the presence of a gas reservoir with high quality characteristics. The consortium

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