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Norway-based seismic specialists TGS and PGS ASA said Monday they had agreed on the principal terms of a merger of TGS and PGS "to create a strong full-service energy data company." The transaction is expected to be completed as a statutory merger pursuant to Norwegian corporate law, with merger consideration to PGS shareholders in the form... Continue Reading →
Norway’s DOF Group has won three new service contracts with Brazilian state-owned oil and gas giant Petrobras that are worth more than $260 million. The contracts include survey and inspection work and will see at least three vessels used to perform flexible pipeline, risers and subsea equipment inspection in Campos Basin, Santos Basin, and Espírito Santos... Continue Reading →
(OE) Offshore drilling company Transocean said Thursday it had secured a three-year contract for the newbuild ultra-deepwater drillship Deepwater Aquila with "a national oil company" for work offshore Brazil. The contract is expected to start in the third quarter of 2024 and represents about $486 million in firm backlog, excluding a mobilization fee of approximately 90 times... Continue Reading →
(OM) Wintershall Dea has issued a brief update on the Fénix subsea development in the Cuenca Marina Austral 1 (CMA-1) concession, offshore Argentina. The company is a partner to operator TotalEnergies: Pan American Energy is the other co-venturer. Work on Fénix is progressing as planned, with the first concrete blocks that will support the subsea... Continue Reading →
(OE) Valaris announced new drilling contracts worth $65 million in total, excluding lump sum payments such as mobilization fees and capital reimbursements. These contracts were awarded after the company issued its most recent fleet status report on August 1, 2023. Contract backlog Valaris secured a one-well contract with BP offshore Brazil for drillship VALARIS DS-15.... Continue Reading →
(OE) Norwegian offshore vessel owner DOF has completed the sale of the Skandi Neptune construction support vessel. DOF had agreed to sell the 2001-built vessel to an unnamed "international buyer," in September 2021. It, at the time, said the 104.2 meter-long vessel, would be delivered to the new owner "after completing its current commitments." The vessel, at... Continue Reading →
(OET) Aberdeen-based Archer Knight (Holdings) Limited has revealed a merger deal to acquire Singapore’s Energy Maritime Associates (EMA), which will enable both players to redefine their position in the offshore energy market intelligence landscape while paving the way for an expanded employment plan. This merger, which combines two specialist offshore energy advisory firms with distinct... Continue Reading →
(OET) UK-headquartered energy services provider Expro has entered into a definitive agreement to acquire the Houston-based offshore services provider, PRT Offshore, which will enable it to enhance its portfolio of services and solutions within the subsea well access sector in North and Latin America (NLA). This will also boost PRT Offshore’s surface equipment offerings in Europe, Sub-Saharan... Continue Reading →
With corporate headquarters in Norway and operational headquarters in the U.S., TGS is actively working on scaling up the efficiency of seismic surveys. To this end, the energy data and intelligence provider is pooling resources with Apparition Geoservices GmbH, thanks to a new long-term collaboration agreement. The exclusive four-year collaboration agreement enables TGS and Apparition... Continue Reading →
Miros and Belga Marine sign partner agreements to strengthen their close long-term collaboration and extend their partnership for local service, sales and distribution of products and as-a-service solutions in Brazil. The agreements also extend the target markets to the whole region of South America. “For more than eight years, Miros and Belga Marine have successfully... Continue Reading →
Brazil Energy Insight 