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Zephyr Energy completes Williston acquisition

February 17, 2022
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Zephyr Energy has announced the completion of its US$36 million acquisition of non-operated working interests in currently producing and near-term production wells in the Williston Basin, North Dakota, U.S.. All conditions of the Acquisition have now been satisfied, including the transfer of title of all associated working interests to Zephyr, and all payments due in respect of the Acquisition have been

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Long term investor BlackRock backs oil and gas investments

February 17, 2022
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At the risk of being dropped from Texas pension funds, BlackRock Inc has ramped up its message that the world's largest asset manager is a friend of the oil and gas industries. As a large and long-term investor in fossil fuel companies, "we want to see these companies succeed and prosper," BlackRock executives wrote in a letter that a

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After an earnings slide of $1.14 billion, is Saipem rethinking green?

February 17, 2022
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Italy's Saipem is set to take a more cautious approach to new green business after delays to a wind farm project helped to tip the energy contractor into issuing a profit warning, two sources close to the matter said on Wednesday. Saipem, a market leader in subsea exploration and construction and provider of services to the oil industry,

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Noble Corp issues Q4 results, currently sitting on $1.2 billion backlog

February 17, 2022
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Noble Corp issued their Q4 results and below are the highlights Announced agreement to combine with Maersk Drilling to create world's leading offshore driller Received conditional award of 7.4 years of additional term under CEA agreement with ExxonMobil in Guyana No change to previously disclosed Adjusted Revenue and Adjusted EBITDA guidance for 2022; capex guidance, net of client reimbursables,

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Weatherford reports on Q4 results and operational highlights

February 17, 2022
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Weatherford issued their Q4 results and below are the operational highlights and financial information for Q4 and the full year of 2021. Operational Highlights Weatherford was awarded two five-year contracts with Abu Dhabi National Oil Company with a combined value of more than $1 billion for downhole completions equipment and liner hanger systems. The Downhole Completions contract is the world's largest in this

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KCA Deutag awarded 2 year drilling contract with Equinor

February 17, 2022
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KCA Deutag announced that it has been awarded a two-year drilling contract extension on five of Equinor’s fixed platforms operating in the Norwegian North Sea. The contract – worth USD $140m - is for the provision of drilling operations, maintenance services and engineering support for the Oseberg and Kvitebjørn fields and will now run to September 2024

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Archer awarded 2 year contract extension with Equinor

February 17, 2022
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Archer has been awarded a two-year contract extension for platform drilling services as Equinor exercises the first of three two-year extension options following the original four-year contract.  The extension will commence on October 1, 2022 in direct continuation of the current contract. The extension covers all the rigs which Archer is currently the incumbent contractor for, which include Statfjord A, B

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Equinor extends drilling contracts on the Norwegian continental shelf

February 17, 2022
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On behalf of the partnerships Equinor is exercising options worth NOK 8 billion with Archer, KCA Deutag and Odfjell Drilling. The contracts include drilling, completion, intervention services, plugging, maintenance and modifications on 19 of Equinor’s permanent installations, maintaining strong ripple effects. The four-year agreements were signed in 2018. Exercised for two years from the end of 2022, the options cover the same scope of work as

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Sack full of new contracts announced in Borr’s Q4 results

February 17, 2022
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Borr Drilling issued its Q4 2021 presentation and here are the highlights Ran – Firm period of 5 months with Wintershall in the North Sea Prospector 5 – Short term work with Dana Petroleum in the Netherlands Norve- Seven-month contract with BWE in Gabon Idun- LOA issued from Petronas Cagali in Malaysia Groa- LOA issued from QatarEnergy in Qatar Natt- LOA issued

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Fox Petroleum Group soaring the skies with new Investment in Aviation

February 15, 2022
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Fox Rubicon Capital Partners, the most recent addition to Fox Petroleum Group, based in South Africa, signed a monumental agreement for investment with Dzarongastad FZ LLC, registered in RAKEZ business zone, UAE. The investment of USD 1.5 Billion on a 9 year term, and the very first injection is scheduled to process soon.  The investments are dedicated

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