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By Bruce Beaubouef, Managing Editor (Offshore-mag.com) The “Big 3” offshore drillers – listed as Transocean, Noble Corp., and Valaris by Evercore ISI – are all reporting “strong offshore fundamentals and a robust outlook” that will likely stretch out to 2030, according to a recent report by the oilfield marketplace consulting firm. Evercore based its analysis... Continue Reading →
(Oilprice.com)U.S. shale producer Occidental Petroleum Corp. (NYSE:OXY) and Colombia's integrated energy company Ecopetrol S.A. (NYSE:EC) are planning to drill an offshore oil well off Colombia's waters in seas roughly 3,900 meters (close to 13,000 feet) deep before the year is out, Bloomberg has reported. Dubbed Komodo-1, the ultra-deepwater well will qualify as the deepest offshore oil well in the world, beating... Continue Reading →
(Oil Now) Subsea7 is closely watching Suriname’s offshore oil sector, with hopes of winning a massive subsea contract to support TotalEnergies’ Block 58 project. In a Q2 earnings presentation, Subsea7 listed the Suriname project among a selection of Invitations to Tender (ITT) in-house or expected in the next 12 months. It expects the contract to... Continue Reading →
Camorim announces the July 2024 contract with Petrobras, in partnership with GranEnergia, for the operation of the Sayan Polaris vessel. The contract, worth approximately USD 60 million, will last for 2 years, where the Sayan Polaris vessel will act as an accommodation and personnel transfer unit for the Petrobras units that will be served during... Continue Reading →
(OE) Ocean Power Technologies (OPT) has signed a reseller agreement for its technology with Geos Telecom, a provider of maritime communication and navigation solutions in Costa Rica. The partnership marks an expansion of OPT’s presence in the Latin American market and includes the immediate sale of a WAM-V (Wave Adaptive Modular Vessel) with anticipated near-term... Continue Reading →
(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 →
