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(OE) Offshore drilling rig contractor Seadrill said Tuesday it had generated $414 million in total operating revenues, a sequential increase of $148 million, or 56%, benefitting from contracted rigs acquired as part of the Aquadrill transaction, completed on April 3, 2023. Adjusted EBITDA nearly doubled from $85 million in the prior quarter to $159 million, or... Continue Reading →
(OE) Oil and gas company Global Petroleum said Monday that the Namibian Ministry of Mines and Energy had given approval for the company and its partners to proceed to the First Renewal Period ("FRP") of Walvis Basin license PEL 94, with a duration of two years from September 2023 to September 2025. The work commitment... Continue Reading →
(OM) A vast majority of operators and developers are investing in autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs) as they seek to optimize production, decrease emissions and enhance safety during operations. In a recent interview with Offshore, Oceaneering’s senior vice president of business development and chief commercial officer, Earl Childress, said, “Remote operations are continuously evolving... Continue Reading →
(OET) UK-headquartered oil and gas company Tullow Oil has set the wheels in motion to sell its entire interest in Tullow Guyana (TGBV), which includes the Orinduik licence, to Eco Guyana Oil and Gas (Barbados) Limited, a subsidiary of Eco (Atlantic) Oil & Gas, in exchange for a combination of upfront cash and contingent consideration.... Continue Reading →
(OE) Oil and gas firm Tullow said Wednesday it had received approval from the Government of Gabon for the extension of several of its Gabon licenses to 2046. "The license extensions increase the value of Tullow's resource base through the addition of c.5mmbbls net 2P reserves that will deliver c.100% 2P reserves replacement in Gabon... Continue Reading →
(OE) Norway-based DOF Group on Monday announced it has been awarded a contract for one of its vessels offshore West Africa. The deal will see DOF's construction support vessel (CSV) Skandi Acergy support operations to install subsea umbilicals, risers and flowlines (SURF) for an unnamed "tier 1 contractor and operator" in West Africa, DOF said.... Continue Reading →
(OE) Oilfield services firms SLB, Subsea 7, Aker Solutions have received approvals from all relevant competition authorities to create a subsea joint venture, as proposed in August 2022. "Following clearance as of [Friday] by antitrust authorities in Brazil, all regulatory approvals/clearances required to close the transactions have been obtained, including required clearances in Angola, Mozambique, Australia, Norway,... Continue Reading →
(OE) Vast arrays of solar panels floating on calm seas near the Equator could provide effectively unlimited solar energy to densely populated countries in Southeast Asia and West Africa. Our new research shows offshore solar in Indonesia alone could generate about 35,000 terawatt-hours (TWh) of solar energy a year, which is similar to current global... Continue Reading →
(OET) Azule Energy, a joint venture between BP and Eni, has awarded TechnipFMC and Aker Solutions with contracts for its Ndungu project offshore Angola. TechnipFMC has received a contract, worth between $75 million and $250 million, to supply flexible pipe for the project that will tie into Block 15/06 West Hub. The field is located... Continue Reading →
(OET) Subsea 7 has completed the polymer lining scope at Woodside Energy’s Sangomar field development Phase 1 project, Senegal’s first offshore oil development. This is said to mark the first use of the Swagelining polymer liner system offshore West Africa and for Woodside Energy. The Swagelining system was selected as a corrosion barrier for 24 kilometers of... Continue Reading →
Brazil Energy Insight 