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Drilling & production

Ironbark-1 drilling regulatory approvals completed

Mobilisation of the Ocean Apex drilling rig for the Ironbark-1 well, located offshore Western Australia, is expected to commence mid-October, with drilling expected to begin by the end of October.

 
 
 

Premier Oil confirms refinancing discussions with Chrysaor

The company has confirmed that it has been in discussions with a number of third parties, including Chrysaor, regarding alternative forms of transactions to secure the long-term refinancing of the Group’s debt facilities.

 
 
 

Weatherford appoints new CEO

Effective 12 October 2020, Girish K. Saligram will be the company’s President and CEO.

 
 
 

Schlumberger, IBM and Red Hat announce hybrid cloud collaboration

The joint initiative will provide global access to Schlumberger’s exploration and production (E&P) cloud-based environment and cognitive applications by leveraging IBM’s hybrid cloud technology, built on the Red Hat OpenShift container platform.

 
 

Zenith Energy expands Tunisian portfolio

The company has acquired a working interest in the North Kairouan permit and the Sidi El Kilani concession, which contains the Sidi El Kilani oilfield.

 
 
 

Valaris files for Chapter 11 restructuring

Valaris has reached an agreement with approximately 50% of its noteholders on a prearranged plan that would reduce debt by more than US$6.5 billion.