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Norwegian offshore vessel owner Solstad Offshore said Friday it had secured contracts for seven platform supply vessels. Without sharing the client identity Solstad Offshore said the new medium-term contracts were secured in West Africa. Solstad said it had signed letters of agreement with "key clients for 7 PSVs", all with start-up in the fourth quarter... Continue Reading →
Oil major Shell has reported that one of its Gulf of Mexico platforms has been damaged in Hurricane Ida and 80 per cent of the company’s operated production in the Gulf is still offline. Shell conducted an initial flyover of its assets in the path of Hurricane Ida. During this initial flight, Shell observed damage... Continue Reading →
Offshore rig owner Noble Corporation has declared force majeure on the Noble Globetrotter II ultra-deepwater drillship following damages sustained as a result of Hurricane Ida. A number of crew members were injured during the storm. As previously reported, the vessel encountered severe weather during Hurricane Ida and Noble is working on plans to bring the drillship... Continue Reading →
TechnipFMC is selling 7.6 million Technip Energies shares through a private sale transaction with HAL Investments, the Dutch investment subsidiary of HAL Holding. The sale price of the shares in the sale is set at €11.15 per share, yielding total gross proceeds of €196.2 million. Upon completion of the sale, TechnipFMC retains a direct stake... Continue Reading →
(Reuters) - Oil major Chevron (CVX.N) plans to invest $600 million in two soybean crushing facilities owned by U.S. agricultural commodities trader Bunge Ltd (BG.N), securing future feedstock for renewable fuels, the two companies said on Thursday. The investment will result in a 50/50 joint venture, under the memorandum of understanding the two companies said they reached. U.S.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the Brazilian Congress approved yesterday the Legislative Decree that suspends the effects of CGPAR Resolution No. 23, a rule that was in effect since January 26, 2018 and established, among other issues, guidelines and parameters for the federal state-owned companies' funding of employees' health care benefits. The health... Continue Reading →
Offshore vessel owner Bourbon has secured a contract with Shell to provide international freight forwarding, integrated logistics services, and platform supply vessel services to support two deepwater offshore exploration campaigns in Namibia and Sao Tomé. The project scope covers the international shipment and clearance of Shell's and its subcontractors’ equipment from Houston to Walvis Bay,... Continue Reading →
(TNPetroleo) Wintershall Dea do Brasil Exploration and Production Ltda. is the eighth company registered for the 17th Bidding Round for the exploration and production of oil and natural gas, scheduled for October. 92 blocks with exploratory risk will be offered, with a total area of 53,93 thousand km², located in 11 sectors with high potential... Continue Reading →
(PetroleoHoje) The oil company advanced with the field's farm-out process, selecting non-binding proposals from Karoon and Harbour, which continue in negotiation as preferred bidders. Atlanta's bids were received early in early August. Karoon and Harbor non-firm offerings have individual 30% stakes. From now on, the two groups will start due diligence. The delivery of binding... Continue Reading →
(OE) The U.S. Coast Guard said on Wednesday it is responding to a drillship that reportedly sustained damage as Hurricane Ida ripped through the Gulf of Mexico and into Louisiana as a Category 4 storm. The agency said it was notified during the storm that the ultra-deepwater drillship Noble Globetrotter II had been damaged, and... Continue Reading →
Brazil Energy Insight 