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US adds two operating offshore rigs, reaches a total of 22

The US drilling rig count reduced by one unit, reaching 987, according to Baker Hughes. In addition, for the the week that ended in May 17, the US had 22 rigs working. In comparison to the same period last year, there are 59 units less, as the rig count last year was 1,046. Ohio experienced the largest increase in rigs with a 4, reaching 20. Wyoming’s rig count rose by 3, Louisiana gained 2, and finally New Mexico gained one unit and now has 103 rigs operating.

Vår Energi received consent to use Scarabeo 8

PSA Norway informed that it has given Vår Energi consent to use the Scarabeo 8 mobile drilling facility for activities on the Marulk field. The well was built at the Fincantieri Shipyard in Palermo, Italy and completed at Westcon’s yard in Ølensvåg in Rogaland county in 2011. Vår Energi operates the Marulk field, having 20% ownership interests.

FERC greenlights Freeport LNG expansion

The US Federal Energy Regulatory Commission (FERC) gave the green light for the expansion of Freeport LNG project. The latter will build and operate its fourth natural gas liquefaction train, located at its LNG export facility on Quintana Island near Freeport, Texas. 

EnscoRowan awarded $180 million in arbitration case

EnscoRowan, an offshore drilling company, announced it won $180 million in damages in arbitration proceedings against Samsung Heavy Industry stemming from a 2016 drillship case. Concerning the incident, in April 2016, the company, then known as Ensco, began arbitration proceeding against SHI for the losses incurred in connection with a drilling services agreement for ENSCO DS-5 that was voided Brazil’s Petrobras.

Bill introduced in the US to curb oil and gas methane emissions

US Rep. Diana DeGette introduced legislation to reduce the large amounts of methane pollution and waste that are being released into the atmosphere each year by oil and gas producers across the country. The bill would mandate oil and gas producers to capture 85% of all gas produced on public lands within three years of enactment, and 99% of all gas produced on such lands within five years of enactment.

BIMCO approves first global offshore decommissioning contract

BIMCO’s Documentary Committee has approved an international standard contract for offshore decommissioning projects, to provide a balanced set of terms and conditions to both parties in the process. The contract is to be released at the end of June.

Equinor halts loading operations due to oil spill

Norwegian oil firm Equinor, published a statement according to which an oil spill was observed during a loading operation in the North Sea offshore Norway on Wednesday, May 15. The company noted that when loading oil from buoy to shuttle tanker on the North Sea Statfjord field, oil was observed on the sea surface. 

Mozambican gov greenlights the development of Rovuma LNG project

The Government of Mozambique announced that it approves the development of the Rovuma LNG project, that it is projected to produce, liquefy and market natural gas from three reservoirs of the Mamba complex located in the Area 4 block in the Rovuma basin, two of which straddle the boundary with neighboring Area 1.

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