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(OE) Offshore drilling company Valaris has secured approximately $715 million in new contracts and extensions since its last fleet status report issued three months ago. Contract backlog of $715 million excludes lump sum payments such as mobilization fees and capital reimbursements, according to Valaris, which marked contract backlog increase to approximately $4.3 billion from approximately... Continue Reading →
(OE) Strohm has won a contract from TotalEnergies for the supply of thermoplastic composite pipeline (TCP) flowlines for an offshore field located in the Santos Basin, marking the largest commercial award for pipe supply in company’s 16-year history and a first project in the Brazilian pre-salt. Due for installation in 2026 at a water depth... Continue Reading →
(OE) Offshore drilling contractor Borr Drilling has secured contracts for three of its premium jack-up drilling rigs, which will be put to work in Brazil, Malaysia and Gabon. These contract and extensions for Borr Drilling’s Arabia I, Gunnlod and Norve jack-ups cover a total of 1,779 days and $332 million in contract revenue, including mobilization... Continue Reading →
(GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. This quarter’s report includes the following updates: Deepwater Atlas – Awarded a four-well contract in the U.S. Gulf of Mexico at a dayrate of $505,000,... Continue Reading →
(PN) Petrobras intends to save up to US$100 million annually by partially automating its fleet of drilling rigs by 2030. The objective is to reduce the average drilling time of offshore wells, bringing financial, safety and environmental benefits. By optimizing the use of rigs in well drilling, automation could reduce, after 2030, around 30 thousand... Continue Reading →
(OE) Oilfield services firm Archer has been awarded a two-year contract for platform drilling services for Equinor in Brazil. The contract will commence in November 2024 in direct continuation of Archer’s current contract for drilling operations and maintenance on Equinor’s Peregrino A & B platforms and includes an optional two-year extension period. The estimated firm... Continue Reading →
(OE) Oilfield services company TechnipFMC has secured a ‘substantial’ contract from Petrobras to supply flexible pipe for the pre-salt fields offshore Brazil. The contract covers the design, engineering, and manufacture of flexible pipe for water injection and gas lift. Although the exact value of the contract was not disclosed, for TechnipFMC, a ‘substantial’ contract is... Continue Reading →
(Reuters) EIG-owned Ocyan has signed a contract worth around 750 million reais ($134.61 million) to provide maintenance and maritime services to Brazil's state-run oil firm Petrobras, Ocyan's chief executive Jorge Luiz Mitidieri told Reuters. The deal will last at least four years, in what is the largest individual contract signed by Ocyan since the COVID-19... Continue Reading →
(TN) CBO signed a contract with Equinor Brasil to operate the PSV Delta Cardinal, in partnership with Delta Logistics Limited, owner of the vessel, which has extensive experience in maritime support in the Caribbean and South America region. The operation begins in July and foresees a duration of one year. The vessel joins the Company's... Continue Reading →
Equinor, on behalf of its partners in the Raia project – Repsol Sinopec Brasil and Petrobras, awarded Valaris, represented by Ensco UK Drilling Limited and Ensco do Brasil Petróleo e Gás LTDA, a drilling contract for operations in Brazil. Drilling activities are scheduled to begin in 2026. The objective is to drill six wells, with... Continue Reading →
Brazil Energy Insight 