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FPSO operator BW Offshore has secured a short-term contract extension for a floating, production, storage, and offloading (FPSO) vessel operating in waters offshore Nigeria. BW Offshore disclosed last Friday that it has signed an agreement with Addax Petroleum Exploration (Nigeria) Limited for a six-month extension for the lease and operation of the FPSO Sendje Berge. Thanks to this,... Continue Reading →
(OE) Sonadrill, Seadrill's 50:50 joint venture with an affiliate of Sonangol, has secured a 12-well extension in Angola for the Libongos drillship at $402,500 per day. The total contract value for the firm part of the deal is around $327 million, inclusive of additional services, Seadrill said. The contract is expected to start in the... Continue Reading →
Offshore drilling contractor Dolphin Drilling has been re-approved as an official rig supplier and will be invited to participate in Petrobras’ upcoming rig tenders. This announcement comes after the drilling contractor confirmed in mid-September 2022 the activation on the Euronext N-OTC list, explaining that the listing was the first step toward a public listing of the company... Continue Reading →
(OM) Vast opportunities—and inevitably challenges too—face the offshore global EPC and rig markets, according to analysts presenting at the recent Westwood Global Energy Group Offshore Breakfast Briefing event in Houston. The following is a recap of their presented findings and forecasts for the offshore oil and gas sector. Global offshore EPC outlook Westwood reports that... Continue Reading →
(Reuters) Nigeria is planning to auction seven deep offshore oil blocks, 15 years since the last ones were auctioned, the upstream regulator said on Saturday. Apart from marginal fields, Nigeria last conducted bidding for 45 oil blocks in 2007 even when the court had stopped the sale of two that were under litigation between Shell... Continue Reading →
(OM) Iberia is well positioned to compete with—or even replace—Northern Europe’s existing energy industrial hub as sectors in Spain and Portugal can call on abundant sunshine, strong winds and mature gas infrastructure as well as a wealth of industry and managerial expertise. With reliable gas supply from North Africa, lower power prices compared to the... Continue Reading →
(OEM) Fugro has reported a revenue of €480.2 million for the third quarter of 2022, an increase of 17.4% compared to €378 million in Q3 2021, said to be supported by high demand for offshore wind solutions. The increase in revenue was fuelled by ongoing high client demand across markets, most notably renewables, and to... Continue Reading →
Italian energy group Eni said profits in the third quarter beat expectations thanks to a strong performance from its Global Gas and LNG portfolio division (GGP). Adjusted net profit in the period came in at 3.73 billion euros ($3.72 billion), soaring from 1.43 billion euros a year ago, and beating a 3.21 billion euro consensus.... Continue Reading →
The Norwegian offshore vessel owner DOF said Wednesday it had won contracts and contract extensions for several of its vessels in Brazil, West Africa, and the North Sea region. The estimated firm backlog for these contracts is approximately NOK 260 million (~$25,2 million) In Brazil, the national oil company Petrobras has awarded an extension for... Continue Reading →
The Norwegian offshore seismic survey services company PGS has been awarded a 3D exploration acquisition contract. PGS said that the contract was in Namibia, with "a major energy company." The company said it would use the Ramform Titan vessel for the survey, with the acquisition expected to complete mid-February 2023. "PGS has many years of... Continue Reading →
