(OE) French seismic company CGG has changed its name to Viridien. At the Annual General Meeting on May 15, 2024, shareholders approved the resolution to change the company’s corporate name from CGG to Viridien. “Our new name, Viridien, connects our company’s history to our future, confidently positioning us for accelerated growth as an advanced technology,... Continue Reading →
Petrobras to put six FPSOs in operation in 2024 and 2025, while preparing tender for another 10 support vessels
(PN) Petrobras is designing its next offshore projects, making new investments in production units. The company is expected to put into operation six more platform ships (FPSOs) this year and next. In parallel, the company is also preparing a new tender until the end of 2024 to hire ten OSRV-type support vessels (used to recover... Continue Reading →
Oceaneering on track with full-year 2024 expectations
(Offshore-energy.biz) Texas-headquartered Oceaneering International has reported an operating income of $44.2 million for its Subsea Robotics division in the first three months of 2024, a 31% increase compared to the first quarter of 2023. In Q1 2024, Oceaneering reported a net income of $15.1 million on revenue of $599 million, while adjusted net income was... Continue Reading →
Norwegian shipping player’s vessel going to South America
(Offshore-energy.biz) Norwegian vessel operator Sea1 Offshore, former Siem Offshore, has won a deal in South America with an undisclosed company for one of its anchor handling tug supply (AHTS) vessels. Siem Offshore changed its name to Sea1 Offshore following the exit of Kristian Siem and the divestment of nine vessels to Siem Sustainable Energy and related companies. The list of... Continue Reading →
Siem Offshore Rebrands as Sea1 Offshore Following Chairman Exit
(OE) Siem Offshore has changed its name to Sea1 Offshore following an ownership change that saw the company's founder and chairman exit the Norwegian offshore support vessel (OSV) firm. Kristian Siem, longtime leader of Siem Offshore, stepped away earlier this year after reaching a deal to acquire nine vessels in exchange for his 35% stake in the... Continue Reading →
Diamond Offshore Agrees Marketing Rights for Three Drillships
(OE) U.S.-based offshore drilling company Diamond Offshore has secured the marketing rights for three seventh generation drillships - West Dorado, West Draco and West Libra, which will be renamed Tidal Action. Diamond Offshore entered into an agreement with Eldorado Drilling, the owner of the West Dorado and West Draco, to market the rigs in Brazil,... Continue Reading →
CMM Secures Funding to Facilitate Construction of Ethanol-Powered PSV Fleet in Brazil
(OE) Compagnie Maritime Monegasque (CMM) has secured $94 million in financing from Summit Ridge Capital Partners, which will help the company construct pioneering ethanol-powered fleet of Platform Supply Vessels (PSVs) in Brazil. The financing will enable CMM to recompose its shareholder structure and to expand its fleet, the company said. Panorama Capital Partners sourced and... Continue Reading →
DNV to Publish New Offshore Rules and Standards in July
(OE) Classification society DNV said it is set to publish its new set of rules and standards for the offshore industry. The new rules, which cover several segments, including underwater systems and installations, offshore units, diving systems, structural design, and drilling systems, will be published in July and enter into force on January 1, 2025.... Continue Reading →
PGS supporting offshore Nigeria, Brazil bid rounds
(OM) The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has opened 12 blocks in the Nigeria 2024 Bid Round. According to PGS, six are on the continental shelf, four are deep offshore blocks and the other two are onshore in the Niger Delta. PGS has compiled multiclient seismic data over 10 of the blocks, from its MegaSurvey full-stack... Continue Reading →
Noble CEO: Floaters to keep on reaping the benefits of offshore drilling market’s ‘multi-year uptrend’
(Offshore-energy.biz)Texas-headquartered offshore drilling contractor Noble Corporation is feeling buoyant over the future opportunities for its rig fleet, especially the floater segment, as the U.S.-based player anticipates a further rise in day rates and the number of long-term deals. This will enable the drilling giant to bolster its fleet utilization level. With new multimillion-dollar assignments in... Continue Reading →