PGS has won a “significant” acquisition contract comprising several 4D surveys by an international oil company offshore West Africa. The acquisition is scheduled to start in early November and is expected to be complete in early May 2023. “We are very pleased with this contract award, which secures work for Ramform Vanguard until next summer season. Combining the Ramform acquisition platform and our GeoStreamer technology will... Continue Reading →
Shell’s floater rig of the year award goes to Maersk drillship
Danish offshore drilling contractor Maersk Drilling has revealed that one of its drillships has been named floater rig of the year by Shell, a UK-headquartered energy giant, thanks to a drilling campaign in Brunei. In a statement on Friday, Maersk Drilling announced that Shell has named Maersk Viking its 2021 Global Rig of the Year in the Floater... Continue Reading →
McDermott christens ultra-deepwater J-Lay vessel
McDermott has held the christening ceremony for its newly converted Amazon vessel in the Port of Rotterdam, the Netherlands. The vessel has undergone a “sophisticated” conversion from a construction vessel into an ultra-deepwater J-Lay vessel as part of McDermott’s global deepwater subsea strategy. The upgraded specifications enable highly automated operations, the production of hex joints from single or... Continue Reading →
Sapura Energy chalks up new contract wins to shift in bid strategy
Malaysian oil and gas services provider Sapura Energy secured new contracts with a total value of RM2.7 billion or about $613 million in 2Q FY2023, attributing this to its shift in bid strategy. Sapura Energy revealed on Thursday that its Drilling and Engineering & Construction (E&C) business segments, through its subsidiaries and joint-venture, have secured “six... Continue Reading →
Guyana Could Overtake Brazil As South America’s Top Oil Producer
Global energy supermajor ExxonMobil and its partners Hess and CNOOC have made an astonishing number of high-quality oil discoveries in offshore Guyana. In April 2022 Exxon announced that it made three more discoveries in the 6.6-million-acre Stabroek Block, where it is the operator holding a 45% interest with 30% owned by Hess and the remaining 25% held... Continue Reading →
Petrobras hires PXGEO for more OBN work
Marine geophysical service provider PXGEO has secured a contract with Petrobras for a 3D ocean bottom node (OBN) survey in Brazil. The survey, to be acquired in water depths up to 2,200 metres, is scheduled to commence in late 2022, with a duration of approximately four months. According to the company’s CEO, Duncan Eley, this will be... Continue Reading →
Demand Grows for OSVs in the Offshore Floating Production and Storage Energy Sector – Long read
By: Philip Lewis (OE) Over the last year we have seen an upswing in floating production and storage systems ordering after many years of low activity. According to our colleagues at World Energy Reports, “The global oil and natural gas markets are contending with rebounding energy demand on top of supply disruptions from Russia’s invasion... Continue Reading →
Idle OSV fleet reactivation on the rise as high oil prices spearhead investments, Westwood says
As the stamp of high oil prices in the first half of the year engraves its mark on oil market fundamentals, Westwood Global Energy, an energy market research and consultancy firm, points out the signs of an uptick in offshore exploration and production (E&P) investment and rig count, expecting the demand for offshore support vessels... Continue Reading →
Schlumberger, Subsea 7 Renew Subsea Integration Alliance for 7 More Years
Oilfield services giant Schlumberger and offshore installations specialist Subsea 7 have agreed to renew their Subsea Integration Alliance for a further seven years. Subsea Integration Alliance is a an alliance between Subsea 7 and Schlumberger’s OneSubsea subsea technologies, production and processing systems business, under which the two companies jointly design, develop and deliver integrated subsea... Continue Reading →
Petroecuador launches auction to ramp up offshore gas output
(Reuters) - Ecuador's state-run oil company Petroecuador on Thursday launched an auction for private companies to bid for a flagship offshore natural gas field, aiming at increasing the Andean country's production. Petrocuador is looking for a partner for exploring and developing the Amistad natural gas field, at the nation's Guayaquil Gulf, currently producing 24 million... Continue Reading →