Category: Operators

Westwood: Optimistic outlook for onshore drilling following global uptick in demand and dayrates

(WO) Latest analysis from Westwood Global Energy Group, a specialist energy market research and consultancy firm, reveals a healthy recovery roadmap for the global land rig market, driven by higher commodity pricing and mounting pressures around energy security. Westwood expects many regions to recover from the dramatic global downturn throughout 2020 better than previously expected. In... Continue Reading →

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PRIO Financial Settlement of Debentures

– In compliance with the terms of the Resolution No. 44, of August 23, 2021, as amended, issued by the Brazilian Securities and Exchange Commission (“CVM Resolution 44” and “CVM”, respectively) and Instruction No. 476, of January 16, 2009, as amended, issued by the CVM (“CVM Instruction 476”), and in addition to the Material Fact... Continue Reading →

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Shell Namibia Books Semi-submersible Drilling Rig

Oil major Shell has booked a semi-submersible drilling rig for its operations in Namibia, where it recently struck a major offshore oil discovery. Offshore rig owner Northern Ocean said Thursday that Shell Upstream Namibia B.V., a subsidiary of Shell, had awarded it a contract for the  Deepsea Bollsta semi-submersible drilling rig. The contract for the... Continue Reading →

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PRIO and Dommo confirm studying strategic operation

(PN) Amid rumors indicating that PRIO (PetroRio) was acquiring Dommo, the two companies provided clarification on the possible operation to the Securities and Exchange Commission. In short, the companies confirmed that they are evaluating a strategic operation, with the possible purchase and sale of assets. However, there is still no binding document or decision on... Continue Reading →

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Venezuelan man indicted in U.S. for money laundering linked to Petropiar oil venture

 (Reuters) - A Venezuelan man has been indicted for allegedly laundering the proceeds of inflated procurement contracts obtained via millions of dollars in bribes to officials at Venezuelan oil venture Petropiar, the U.S. Department of Justice said on Wednesday. Rixon Moreno, 46, allegedly received benefits including over $30 million in payments on contracts from Petropiar... Continue Reading →

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