Drilling , Digital Oilfield , Logistics

HENDERSON Implements Data Gumbo Smart Contracts

This is the oil and gas industry’s first use of blockchain-based smart contracts between capital equipment sales, services, repair and maintenance operations, and signals a new avenue in oilfield services tapping the power of GumboNet. 

December 2, 2020

Restructurings , Earnings , Exploration & Production , Drilling

Offshore Driller Noble Corp. to Emerge from Chapter 11 Bankruptcy

Noble Holding Corp. revealed on Nov. 23 that the United States Bankruptcy Court for the Southern District of Texas has issued an order approving the company’s Joint Plan of Reorganization.

November 24, 2020

Exploration & Production , Drilling

Total Taps Maersk Drilling for Two-Rig Suriname Campaign

The estimated firm total contract value is approximately $100 million, including rig upgrades and integrated services provided.

November 24, 2020

Legislation , Drilling

Colorado Regulators Approve Tougher Rules for New Oil, Gas Wells

Colorado’s oil and gas regulator on Nov. 23 approved tougher permitting rules for new oil and gas wells, including requiring a 2,000-ft (610 m) separation between wells and homes or public spaces, from the current 500-foot setback.

November 23, 2020

Company Profiles , Exploration & Production , Drilling

Northeast Natural Energy Extends Credit Facility’s Maturity Date

Private oil and gas company Northeast Natural Energy has entered into an amendment on Nov. 23 with its senior lending group led by EIG Global Energy Partners to extend the maturity of its current credit facility to December 2023 and provide significant additional liquidity to the company to execute on its go-forward business plan.

November 23, 2020

Restructurings , Drilling

Seadrill Sees Depressed Drilling Rig Demand until Late 2021

Offshore oil drilling contractor Seadrill expects the market for its rigs to remain depressed until late 2021, the Oslo-listed firm said on Nov. 20 as it continued talks with creditors over a debt restructuring.

November 20, 2020


Petrobras Extends Drillship Contracts with Transocean

Transocean Ltd. has received a 680-day preexisting, fixed price option for the Deepwater Corcovado, and an 815-day preexisting, fixed price option for the Deepwater Mykonos from Petrobras on Nov. 18.

November 19, 2020

Field Development , Legislation , Drilling

New US License Gives Chevron until June 3 to Wind Down Venezuela Operations

The U.S. Treasury Department on Nov. 17 issued a new license to Chevron Corp., the last major U.S. oil company still operating in Venezuela, giving it until June 3 to wind down its joint ventures in the OPEC member nation.

November 18, 2020

Drilling , Pipelines

Sapura Energy Secures Qatar Pipeline Project from Total

Sapura Energy Berhad, a leading global integrated oil and gas services and solutions provider, has been awarded a major contract win in the Middle East on Nov. 16.

November 17, 2020

Exploration & Production , Drilling

Lundin Energy Drills Dry Well in Barents Sea

Lundin Energy Norway AS has completed exploration well 7221/4-1, targeting the Polmak prospect in licences PL609 and PL1027, in the southern Barents Sea on Nov. 16. The well was dry.

November 16, 2020