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(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported fourth quarter 2023 results. President and Chief Executive Officer Anton Dibowitz said, "We continue to execute on our operating leverage by repricing rigs from legacy day rates to meaningfully higher market rates and successfully delivering reactivated rigs with attractive contracts. At the same time,... Continue Reading →
Despite suffering an adjusted net loss of $74 million during fourth-quarter 2023, offshore drilling company Transocean is in the midst of an upcycle, which CEO Jeremy Thigpen presciently predicted in the company’s third-quarter 2023 earnings call. Now it just needs to pay off. After a tough fourth quarter, Transocean expects to see a meaningful increase in demand for “longer-duration... Continue Reading →
U.S. offshore energy industry equipment maker Dril-Quip has been selected to supply the subsea wellhead systems for the Woodside Energy's Trion development offshore Mexico. The Trion project, a greenfield deepwater development, includes 24 wells across two phases. Woodside's decision to use Dril-Quip's BigBore IIe Subsea Wellheads will leverage the system's field-proven sealing technology and 2... Continue Reading →
(OET) Norway’s asset integrity management company Axess Group and Guyana Logistics and Support Services (GLASS) have established a joint venture (JV) to launch an engineering and asset integrity management (AIM) firm in Guyana. Axess has been delivering services including design, inspection, maintenance, certification, modification, engineering, and installation of equipment for both offshore and onshore installations,... Continue Reading →
(OE) UK-based remotely operated vehicle (ROV) solutions provider ROVOP has formed global partnership with Boskalis’ subsidiary Subsea Services to offer integrated subsea solutions throughout energy industry. The partnership provides five diving support vessels (DSV) and one construction support vessel (CSV) of the Boskalis fleet, with dedicated ROV services to maximize service delivery. It also entails... Continue Reading →
(OET) Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe has caught sight of increased activity in tenders covering work for 2025 and beyond. While the firm is primarily expecting more assignments in the North Sea and Brazil, other regions are also being affected by the tightening of vessel supply. Prosafe’s fleet utilization for January... Continue Reading →
(OE) Material management and logistics provider ASCO has secured a five-year contract with BP Trinidad and Tobago to provide its services across 16 offshore locations in Trinidad. Under the contract, which came into effect at the start of 2024, ASCO will provide supply base and pipeyard management services for the operator across all 16 offshore... Continue Reading →
TDI-Brooks, a U.S.-based marine services company specializing in geotechnical and offshore survey projects, reports it has completed a geotechnical coring campaign in the Gulf of Campeche offshore Mexico. As a subcontractor of Drebbel de Mexico out of Cd. del Carmen, TDI-Brooks deployed its geotechnical coring tools and operators on the Laguana Azul. A total of... Continue Reading →
(OET) Offshore drilling contractor Valaris has landed a batch of new contracts and extensions across multiple geographies with Petrobras, Equinor, Harbour Energy, TotalEnergies, Shell, Ithaca Energy, Eni, undisclosed operators, and Anadarko Petroleum Corporation, a wholly-owned subsidiary of Occidental (Oxy). These deals will enable three floaters and six jack-ups in the rig owner’s fleet to undertake... Continue Reading →
(OE) Ocean services provider DeepOcean has been awarded a contract by ExxonMobil Guyana for the provision of subsea construction and inspection, maintenance, and repair (IMR) services offshore Guyana in South America. Under the contract, DeepOcean will plan and execute a wide range of subsea activities, including subsea construction and jumper installations as well as subsea... Continue Reading →
Brazil Energy Insight 