Equinor has awarded Transocean a contract valued at about $89 million for use of the Transocean Norge rig, which is winterized to withstand Norwegian weather conditions, according to a news release.
The job entails drilling six wells total for the Tordis/Vigdis, Visund, Bauge and Snorre licenses on the Norwegian Continental Shelf, starting in summer 2019. The contract includes drilling services such as slop treatment and cuttings handling and part of the mobilization fee, Equinor said in the release Sept. 21.
The contract also includes an option to drill four more wells.
Equinor said it previously signed a framework agreement with Transocean that saw use of the Transocean Spitsbergen rig, the company’s first rig to be included as per the framework agreement terms. Transocean Norge will be the second, Equinor said.
Baytex Raises Capital for $2.5 Billion Ranger Oil Deal
2023-04-27 - Canada’s Baytex Energy Corp. moved a step closer toward finalizing its purchase of Ranger Oil Corp. with the closing of its private offering of $800 million aggregate principal amount of senior unsecured notes.
The OGInterview: Enbridge CEO Greg Ebel [WATCH]
2023-04-03 - Hart Energy Editorial Director Jordon Blum spoke to new Enbridge CEO Greg Ebel about the company's M&A prospects, investment in the energy transition, as well as its investments in LNG in Hart Energy LIVE's latest installment of The OGInterview.
Brazos Midstream Bets on the Permian’s Prowess
2023-04-19 - Brazos Midstream leadership reckons there will come a time where entering the public sphere makes sense, but for now, Brazos’ strategy reaps the rewards of private perspective.
E&P Highlights: March 13, 2023
2023-03-13 - Here’s a roundup of the latest E&P headlines including first gas offshore Egypt and FEED updates in the upstream oil and gas industry.
Exclusive: FireBird Energy Prowling Permian for Midland Basin M&A
2023-05-15 - After selling FireBird Energy LLC to Diamondback last year, the same team is searching for deals to develop another asset in the Midland, and possibly the Delaware Basin, too.