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Maersk Drilling announced Friday that it has received notice of early termination of a one-well contract with Dana Petroleum Denmark B.V.
Maersk Drilling announced Friday that it has received notice of early termination of a one-well contract with Dana Petroleum Denmark B.V.
Maersk outlined that it expects to receive compensation for the cancellation in the form of a termination fee. The contract, which was first announced in the company’s May 2020 fleet status report, was originally expected to commence in May last year. Maersk announced in October 2020 that the contract had been deferred and that the updated date of commencement would be determined at a later stage.
The Maersk Resolve, above, will drill a development well at Grove North East in the UK North Sea. PHOTO SOURCE: Maersk Drilling
Spirit Energy has awarded Maersk Drilling a contract to drill one development well at Grove North East in the U.K. North Sea, Maersk reported this week.
Maersk Drilling expects the estimated 131-day contract for the Maersk Resolve harsh-environment jack-up rig to commence in March 2021, the firm noted in a written statement emailed to Rigzone. The drilling contractor added the approximately US$11.3-million firm contract includes additional services, mobilization and demobilization as well as an option to add plugging and abandonment of one well.
by Bloomberg
|Friday, January 15, 2021
The Trump administration blacklisted China s third-biggest oil company over its drilling in the South China Sea.
(Bloomberg) The Trump administration blacklisted Chinese smartphone manufacturer Xiaomi Corp. for alleged military links along with the country’s third-biggest oil company over its drilling in the South China Sea, part of a final push to ratchet up pressure on Beijing before President-elect Joe Biden takes office.
Xiaomi was one of nine firms added to the Defense Department’s list of Chinese military companies, a move that will restrict U.S. investments in its securities. Other firms include state-owned planemaker Commercial Aircraft Corp. of China Ltd., or Comac, which is central to China’s goal of creating a narrow-body plane that can compete with Boeing Co. and Airbus SE.
Look back at oil and gas market hits and misses for the week ending Jan. 15, 2021.
(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.)
On Friday the statistical arm of the U.S. Department of Energy released figures on how dramatically domestic fossil fuel production has changed since the onset of the COVID-19 pandemic. Moreover, it unveiled its projected timeline for a rebound in output. The graphs below from the report highlight the data EIA presented.
SOURCE: U.S. Energy Information Administration,
Monthly Energy Review and
Total (NYSE: TOT) has announced that it and Apache Corporation (Nasdaq: APA) have made a significant new oil and gas discovery at the Keskesi East-1 well in Block 58 off the coast of Suriname.
Total (NYSE: TOT) has announced that it and Apache Corporation (Nasdaq: APA) have made a “significant” new oil and gas discovery at the Keskesi East-1 well in Block 58 off the coast of Suriname.
The well was drilled at a water depth of about 2,380 feet and was said to have encountered a total of 206 feet of hydrocarbons, comprising 190 feet net of black oil, volatile oil, and gas pay in good quality Campano-Maastrichtian reservoirs, and 16 feet of net volatile oil pay in Santonian reservoirs.