Sapura Energy Lands $1.8B Petrobras Deal for Six Pipelaying Vessels and Subsea Services

(OE) Malaysia-based offshore services firm Sapura Energy has through its joint venture companies secured $1.8 billion worth of contracts with Brazil’s state-owned energy giant Petrobras for the provision of subsea services and six pipe-laying support vessels (PLSVs). Sapura Energy has through the joint ventures owned by Seabras Sapura Holding and Seabras Sapura Participações, in collaboration... Continue Reading →

May 7, 2024 0

Self-drilling Oil Wells to Beat Self-driving Cars to Market, SLB VP Says

(Reuters) A top executive of Schlumberger NV (SLB), the world's largest energy services firm, on Monday predicted autonomous drilling of oil and gas wells will beat autonomous driving cars to market and create new efficiencies for oil producers. Autonomous drilling is ripe for adoption by many of the world's oil majors, Abdelah Merad, an SLB... Continue Reading →

May 6, 2024 0

Chouest Acquires ROV Company ROVOP to Expand Subsea Capabilities

May 2, 2024 – The Chouest group is pleased to announce its acquisition of ROVOP, a leading remotely operated vehicle (ROV) company. With this acquisition, Chouest, alongside its subsea service company, C-Innovation, will now control a fleet of over 100 ROVs and 6 autonomous underwater vehicles (AUVs).Bringing ROVOP under the Chouest umbrella not only expands... Continue Reading →

May 2, 2024 0

Valaris’ Drilling Rig Contracts Backlog Grows to $4 Billion

(OE) Offshore drilling company Valaris has secured new contracts and extensions for its drilling rigs, increasing its contract backlog to approximately $4 billion. Since its latest fleet status report, issued on February 15, 2024, Valaris has secured approximately $480 million new contracts and contract extensions, increasing its backlog from $3.9 million. Drillships and Jack-Ups Deals... Continue Reading →

May 2, 2024 0

Transocean anticipates more long-term rig deals over next few months

(Offshore-energy.biz) Offshore drilling contractor Transocean is looking forward to securing new assignments for its rig fleet, thanks to the high demand for offshore drilling services on the global oil and gas stage. The rig owner’s expectations of further long-term contracts are fueled by the current upcycle and deals awarded in the first quarter of 2024.... Continue Reading →

May 1, 2024 0

DOF Secures $192M from Two Contracts with Petrobras

(OE) Norwegian offshore vessel operator DOF Group has secured two contracts with Brazil’s state-run oil and gas company Petrobras, worth over $192 million. Petrobras has awarded new long-term charter and service contracts to Norskan Offshore. and DOF Subsea Servicos Brasil, after a competitive tender process. The vessel Skandi Amazonas, which was on the spot market,... Continue Reading →

May 1, 2024 0

SOVs – Analyzing Current, Future Demand Drivers – Long read

Contributor: Philip Lewis is Director Research at Intelatus Global Partners (OE) At a high-level, there are three solutions to transferring technicians from shore bases to offshore wind farms for construction and O&M activities: crew transfer vessel (CTV), helicopter, and SOVs/CSOVs. SOVs and CSOVs generally house 60-120 technicians offshore for a few weeks at a time,... Continue Reading →

April 26, 2024 0

Vallourec Wins ExxonMobil’s Whiptail Order Offshore Guyana

(OE) France-based tubular solutions supplier for the energy market Vallourec has secured an order from ExxonMobil for the supply of line pipe for the Whiptail development, offshore Guyana. This is the fourth major order in the framework of the long-term agreement signed in 2021 with ExxonMobil Guyana. Vallourec will deliver over 180 km of line... Continue Reading →

April 26, 2024 0

Operators consider novel rig deals to limit day rates

(OM) Offshore rig rates hit a nine-year high last year, according to a report from Westwood Global Energy Group subsidiary RigLogix. Day rates for jackups, semisubmersibles and drillships averaged $118,000, $368,000 and $419,000, respectively, 54% up on the figures for 2021. However, the inflationary prices, caused by a combination of higher global rig demand, rising rig use... Continue Reading →

April 25, 2024 0

Subsea Vessel Market is Full Steam Ahead

Jesper Skjong, Contributor (OE) Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened significantly. While the demand picture is looking solid and arguing for a strong multi-year upcycle, the supply side has also started to wake from its slumber albeit ever so slightly... Continue Reading →

April 23, 2024 0