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Offshore drilling company Valaris has secured a multi-year contract for drillship VALARIS DS-4 with Petrobras offshore Brazil following a competitive bidding process. The a 1,064-day contract is anticipated to start late in the fourth quarter 2024, following completion of the rig’s current contract with Petrobras, which is expected to finish in September 2024. Based on... Continue Reading →
(BW) EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced that it has entered into definitive agreements with Novonor S.A. ("Novonor") and Brazilian Development Bank ("BNDES") to acquire Ocyan Participações S.A. ("Ocyan" or the "Company"), a Brazilian-based solutions provider to the offshore oil and gas industry, for a total amount... Continue Reading →
(OET) TGS has completed a 410-day deepwater node survey campaign offshore Guyana ahead of schedule, setting a record for the longest deepwater node survey. On December 1, the final node recovery marked the culmination of three exclusive ocean bottom node (OBN) surveys commissioned by ExxonMobil Guyana. TGS acquired 2,400 square kilometers of OBN data within... Continue Reading →
Industry continues chasing big oil, key gas targets also on the radar (OE) Global exploration drilling is set for a boost in 2024 – we have line of sight on over 200 wells targeting over 30 bnboe of resource (unrisked). Several gas hotspots are on the industry agenda, whilst the strong appetite for oil exploration... Continue Reading →
(OE) Offshore drilling company Valaris has taken delivery of newbuild drillships VALARIS DS-13 and DS-14 for an aggregate purchase price of approximately $337 million. VALARIS DS-13 and DS-14 will be mobilized from South Korea to Las Palmas in Spain, where the rigs will be stacked until they are contracted for work. The purchase of the... Continue Reading →
Jesper Skjong, Contributor (OE) As 2023 is drawing to a close we would once again invite the readers of Offshore Engineer Magazine to gaze into our crystal ball to see what 2024 might have in store for the offshore support vessel industry. Before diving straight into our forward-looking sentiments however, it is important to address some... Continue Reading →
(OE) Marine geophysical service provider PXGEO on Wednesday announced it has acquired one hundred percent of the share capital of rival AmpSeis, developer of what is said to be the industry's most advanced ocean bottom node. PXGEO described the acquisition as a step forward in its strategy to be the technology leader in the ocean... Continue Reading →
(OET) Norway’s DOF has performed its first-ever offshore ROV mission piloted from onshore, an operation that the company sees as a significant milestone. “I’m enthusiastic about the successful implementation of ROV remote operations and the positive impact this will have on our company’s future. Going forward, we will mature the technology further and commercialise it... Continue Reading →
(OW) OEG Energy Group (OEG) has signed a Sale and Purchase Agreement (SPA) to acquire Dutch subsea and topside services specialist Bluestream Offshore. The acquisition is expected to increase OEG’s subsea and topside capabilities while expanding its operating footprint to be able to pursue further opportunities in the growing offshore renewable industry. Bluestream has a... Continue Reading →
(Z) Petrobras, the Brazilian state-owned energy company, has announced the extension of its existing contracts for two offshore drilling rigs owned by Constellation Oil Services. This news coincides with the launch of two separate tenders for hiring additional well-intervention rigs, demonstrating Petrobras' continued commitment to investments in its offshore operations. Rig Contract Extensions Petrobras has... Continue Reading →
Brazil Energy Insight 