Offshore drilling company Valaris said Thursday it had secured new drilling rig contracts and contract extensions, worth $149 million in total. The contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements, Valaris said. In Mexico, Valaris has won a three-well contract with Eni for the semi-submersible drilling rig VALARIS DPS-5. The contract is... Continue Reading →
Fugro to work on first Mediterranean floating offshore wind project
Fugro has won a contract with Renexia to carry out surveys at the 2.8 GW Med Wind project, the first floating offshore wind project in the Mediterranean. Fugro will perform marine geophysical and environmental surveys to acquire comprehensive geo-data at the proposed wind farm location in water depths of 300 to 900 meters and along the... Continue Reading →
All foundations, subsea cables installed at Formosa 2
All 47 wind turbine jacket foundations and all subsea cables are now in place at the Formosa 2 offshore wind farm in Taiwan. The wind farm also has more than half of its wind turbines installed so far. The final jacket foundation was installed on 26 August, with the subsea cable works reaching completion on... Continue Reading →
M&A: UK CMA Accepts Noble, Maersk Drilling Plan to Sell 5 Rigs to Alleviate Competitions Concerns
(OE) The UK Competition and Markets Authority (CMA) has accepted Noble Corp. and Maersk Drilling's plan to sell certain rigs operating in the North Sea in order to alleviate competition concerns arising from the two drillers' planned merger. The two offshore drilling firms said in November 2021 announced a proposed business combination. However, the CMA... Continue Reading →