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(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 →
(OE) U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output,... Continue Reading →
(oilprice.com) TotalEnergies will start drilling for oil and gas in Block 64 offshore Suriname in May, a company executive told Reuters this week, saying the company was currently tallying the final tab for the project and organizing the future well operations. TotalEnergies has a 40% stake in Block 64, which it shares with QatarEnergy and Malaysia’s Petronas, both with... Continue Reading →
Offshore accommodation rig provider Prosafe has signed a contract extension with Petrobras for the provision of the Safe Zephyrus semi-submersible vessel for safety and maintenance support offshore Brazil. The original 650-day firm period was due to complete in February 2025, but has been extended by 954 days, bringing in $109.7 million to Prosafe. The extension... Continue Reading →
(OE) Offshore drilling contractor Noble Corporation has signed a contract with Petronas Suriname E&P for the high-specification semi-submersible rig Noble Developer to drill three wells offshore Suriname. The contract is expected to start around June 2025, with an estimated duration of 200 days. The firm contract value is approximately $84 million including additional services provided,... Continue Reading →
(OE) Offshore drilling contractor Constellation has secured an extension of the current contract for its semi-submersible drilling rig Atlantic Star with Petrobras, worth up to $61 million. The contract extension is for an additional period of up to 301 days, and confirms the continuity of the operations that began in 2021. In recent years, the... Continue Reading →
Brazil Energy Insight 