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(OM) Offshore rig rates hit a nine-year high last year, according to a report from Westwood Global Energy Group subsidiary RigLogix. Day rates for jackups, semisubmersibles and drillships averaged $118,000, $368,000 and $419,000, respectively, 54% up on the figures for 2021. However, the inflationary prices, caused by a combination of higher global rig demand, rising rig use... Continue Reading →
Jesper Skjong, Contributor (OE) Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened significantly. While the demand picture is looking solid and arguing for a strong multi-year upcycle, the supply side has also started to wake from its slumber albeit ever so slightly... Continue Reading →
Offshore drilling firm Noble Corporation has informed about two new drilling campaigns secured for its Noble Venturer drillship in Africa, which is currently employed on drilling assignment with Tullow Oil offshore Ghana. Following the early completion of the Tullow Oil Ghana campaign expected to end in late May 2024, Noble Corporation said it will relocate... Continue Reading →
(TN) Petrobras is the company in the global oil and gas market whose investment has grown the most. In 2023, the company practically doubled its investment effort, totaling US$ 21.4 billion between direct investments and assets related to the leasing of production units, compared to an amount of US$ 10.9 billion in 2022. -Petrobras has... Continue Reading →
OceanPact signed a R$310 million contract with Petrobras to charter the vessel Ilha de Santana, (Platform Supply Vessel) support vessel. The charter is for four years, during which the vessel will operate to support Petrobras' logistics and emergency response along the entire Brazilian coast. In April, OceanPact had already announced new contracts with Petrobras for... Continue Reading →
(OE) Marine geophysical services company PXGEO on Monday announced it has acquired Modus Subsea Services to boost its subsea offering. Modus Subsea Services is a U.K.-based provider of offshore life-of-field support services specializing in autonomous subsea operations using underwater intervention drones (UID) based on the Saab Sabertooth platform. The company has also developed and commercialized... Continue Reading →
Petrobras plans to launch, later this year, tenders for support vessels. The company plans to contract 38 vessels by 2025, including the 12 PSV type ships (Platform Support and Supply Boat) that appear in the tender launched by the company at the end of March. The expected investment should reach US$ 2.5 billion. In addition... Continue Reading →
(OE) Oilfield services company TechnipFMC has secured a ‘large contract’ from ExxonMobil to supply subsea production systems for the Whiptail development in Guyana’s Stabroek block. TechnipFMC will provide project management, engineering, and manufacturing to deliver 48 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment. For TechnipFMC, a... Continue Reading →
(OE) Oilfield services and technology company SLB has been awarded three contracts by Petrobras for completion hardware and services for up to 35 subsea wells in the development of Buzios Wave II offshore oil field. The scope of the contract includes SLB’s full bore electric interval control valves and electric subsurface safety valves. The award... Continue Reading →
(OE) Italian offshore energy services firm Saipem has received authorization to proceed with the execution of works for ExxonMobil’s Whiptail oilfield development project, in the Starbroek block offshore Guyana. The go-ahead from ExxonMobil Guyana Limited has been granted following the final project sanction by the client and its coventurers and to the necessary regulatory clearances.... Continue Reading →
Brazil Energy Insight 