TotalEnergies pays $199m for 75% ownership of Tungsten Explorer drillship
French supermajor TotalEnergies (LON: TTE) has signed a $199 million to take 75% ownership of the Tungsten Explorer drillship.
Vantage Drilling
Eni gears up for Cinnamon spud off Morocco
A number of companies have come to explore Morocco’s offshore, drawn in by attractive tax rates and geological models, but have been largely disappointed.
Eni lines up Raia drilling this year with rig contract
Eni had hoped to drill off Mozambique in 2020 but COVID-19 interrupted plans, Esgian analyst Matthew Donovan said.
Cyprus find for Eni, Total, with more drilling to come
Eni (ENI:MI) and TotalEnergies (LON:TTE) have made a major gas find at the Cronos-1 well, in Block 6 off Cyprus.
TotalEnergies signs up Tungsten Explorer for West Africa work
Vantage Drilling International has struck a deal to provide its Tungsten Explorer to TotalEnergies for at least 225 days.
Eni spuds Cronos well off Cyprus
Eni and TotalEnergies have begun drilling the Cronos-1 well offshore Cyprus.
Vantage sells three jack-ups to Saudi-owned ADES
Vantage Drilling International has agreed to sell three jack-up rigs to ADES Arabia, owned by Saudi Arabia’s Public Investment Fund (PIF).
Vantage wins Qatar work for rigs
Vantage Drilling has won work offshore Qatar for two rigs, Sapphire Driller and Aquamarine Driller, beginning in 2022.
Rig sharing pact cuts costs in Indonesia
Medco Energi, which operates South Natuna Sea Block B, will share a jack-up drilling rig with four other operators offshore Indonesia as part of a pact that will save millions of dollars.
Coronavirus derails Vantage’s rigs in Congo
Vantage Drilling has declared force majeure for two of its rigs, one of which as a result of a coronavirus outbreak.
No more spending for Vaalco this year
Vaalco Energy posted a net loss of $52.8 million for the first quarter of the year, driven by a non-cash charge of $59.1mn as a result of lower oil prices.
Lebanon’s first exploration well fails
Total’s well offshore Lebanon has failed to find a reservoir in the Tamar formation, which was the exploration target.
Vantage Drilling wins work in India
Vantage Drilling has received a letter of award for a three year contract worth about $118 million from the Oil and Natural Gas Company.
Vantage Drilling profits hammered by downturn
Vantage Drilling reported a net loss $8.8 million for the final three months of 2015, compared with a $27.6million for the same period a year before.
Vantage Drilling agrees deal with creditors
Vantage Drilling has reached a deal with its creditors who hold $1.6billion of its debts that will see its subsidiary pushed into bankruptcy.