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Global and Regional Markets

Chrysaor awards UK North Sea work to Rowan jackup

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Rowan Companies has announced that the Rowan Gorilla VII, a Super Gorilla Class ultra-harsh environment jackup rig, has been awarded an 18-month program by Chrysaor in the UK sector of the North Sea. The contract is expected to commence imminently for 18 months of work followed by two, one-year options. The Gorilla VII has recently undergone significant life enhancements, including a new top drive, and upgrades to the BOP and drilling controls. Tom Burke, President and Chief Executive Officer, commented, “Rowan’s solid position in the harsh-environment North Sea jackup region is further strengthened by this commitment from Chrysaor.  We look forward to delivering safe and reliable operations to our new customer.”

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Hess acquires interest in offshore Guyana block from ExxonMobil

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Hess subsidiary Hess Guyana (Block B) Exploration has reached an agreement with Esso Exploration and Production Guyana (ExxonMobil) to acquire a 15% participating interest in the Kaieteur Block, offshore Guyana. The Cooperative Republic of Guyana has provided Hess and ExxonMobil an instrument detailing the transfer of interest, which has been completed. “Our interest in the Kaieteur block extends our company’s already significant acreage position in the prolific Guyana-Suriname Basin, which has delivered seven world-class oil discoveries to date,” said CEO John Hess. “We look forward to working with our partners and the government of Guyana to evaluate the potential of this highly prospective acreage.” The Kaieteur block is located approximately 155 miles (approximately 250 km) offshore the coast of Guyana, adjacent to the Stabroek block. The Kaieteur block is approximately 3.3 million acres (approximately 13,535 ...

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Shell invests in Vito development in Gulf of Mexico

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Shell Offshore, a subsidiary of Royal Dutch Shell, announced the final investment decision for Vito, a deepwater development in the US Gulf of Mexico with a forward-looking, breakeven price estimated to be less than $35 bbl. This decision sets in motion the construction and fabrication of a new, simplified host design and subsea infrastructure...

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