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(OE) Constellation, an offshore oil and gas drilling services provider in Brazil, has started trading on Euronext Growth Oslo, under the ticker symbol ‘COSH’. Constellation holds about one fifth of Brazil’s country’s offshore drilling market. Constellation, with 1,800 employees and a 45-year track record, holds about one fifth of Brazil’s offshore drilling market, the company... Continue Reading →
Offshore drilling contractor Noble Corporation has secured a contract for its Noble Regina Allen jack-up rig with an undisclosed operator offshore Suriname. The one-well contract will span approximately 65 days, and is expected to begin in the fourth quarter of 2025. The contract has a total value estimated at $17.7 million, including mobilization and demobilization... Continue Reading →
(OM) Seadrill has reported a current overall order backlog of $3 billion, while Velesto reported $158.8 million in orders. Meanwhile, last week competitor Noble reported it added $525 million of contracts to its drilling backlog. Seadrill’s West Polaris drilllship has started a contract with Petrobras offshore Brazil, following a delay caused by commissioning and testing of upgraded equipment. Another of the... Continue Reading →
February 28, 2025 – PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best corporate governance practices, informs its shareholders and the market in general that, today, the Brazilian Institute of the Environment and Natural Renewable Resources (“Ibama”) has granted the drilling license for Wahoo Field. Thus, the Company will immediately begin mobilizing the Hunter Queen rig... Continue Reading →
Foresea, a leader in the offshore drilling sector, announced excellent results it obtained in 2024, having achieved an adjusted EBITDA margin of 37% and operating cash generation of over US$ 130 million in the period. In December, the company won a new three-year contract for the Norbe IX drillship — within the Sepia-Atapu consortium. With... Continue Reading →
(OE) Constellation, a major offshore oil and gas drilling services provider in Brazil, operating 22% country´s offshore drilling rigs, has outlined its plan to list the company’s shares Euronext Growth Oslo. Constellation, with 1,800 employees and a 45-year track record, is currently in the first quartile of Petrobras’ ranking of drilling contractors, operating all its... Continue Reading →
(OE) Offshore accommodation rig provider Prosafe has signed an agreement with an undisclosed party for the sale of its Safe Concordia semi-submersible flotel. Prosafe signed the deal through its wholly-owned subsidiary for the gross price of $5 million before commissions and expenses. The vessel is expected to be delivered to its new owner upon completion... Continue Reading →
(offshore-energy.biz) Brazil’s deepwater offshore drilling contractor Ventura Offshore has struck a deal with Umas 1 as the seller of a semi-submersible rig the firm decided to acquire last year to make a lump sum payment as a final settlement. Ventura Offshore Midco disclosed at the end of June 2024 the acquisition of the SSV Catarina, the... Continue Reading →
(oilnow.gy) High impact exploration drilling is expected to remain stable in 2025, with 65-75 wells targeted for completion, compared to 69 in 2024. In this regard, South America could see 17 of these wells being drilled, making it the busiest region globally this year. This is according to energy market research and intelligence group, Westwood... Continue Reading →
(offshore-energy.biz) A jack-up rig owned by offshore drilling contractor Valaris is en route to Angola for a drilling contract it secured last year, following preparations in Texas. According to Valaris, after completing a project at the Kiewit Shipyard in Corpus Christi, Texas, the VALARIS 144 rig has embarked on a voyage to Angola for its... Continue Reading →
Brazil Energy Insight 