Report: Capex shifting to international markets

(OM) A major capex shift from North America to international markets has been ongoing since early 2023, according to Evercore ISI’s latest Offshore Rig Market Snapshot. This trend has been concurrent with low natural gas prices in the US, which has prompted a number of rigs to out into international markets.  Combined with attractive offshore... Continue Reading →

ABL and Integrity HSE Form Rig Inspection Alliance

(OE) Norwegian company ABL and Aberdeen-based health and safety consultancy Integrity HSE have formed strategic partnership to reinforce their rig inspection services. ABL’s rig inspection service offering will be enhanced with Integrity HSE’s tailored onshore and offshore inspection and rig intake solutions. The services will add value to a wide range of drilling and production... Continue Reading →

Saipem Barred from Public Contracts in Brazil for 2 Years

(Reuters) The Brazilian administrative authority has suspended Italy's Saipem and its subsidiary Saipem do Brasil from contracting with the country's public administration for two years, the engineering and construction group said on Friday. The decision stems from the final ruling in the administrative proceedings initiated against the companies in relation to alleged irregularities in the... Continue Reading →

Constellation and HMH sign integrated BOP maintenance support contract unprecedented in Brazil

(TN) Constellation and HMH announced this Thursday, January 11, the signing of an integrated maintenance support contract for Blowout Preventers (BOPs) for the semi-submersible drilling platforms Alpha Star, Gold Star and Lone Star. The Contractual Services Agreement (CSA) will last for five years, with an option for extension. The partnership model is unprecedented in Brazil... Continue Reading →

Siemens Gamesa to Test ‘World’s Most Powerful’ Wind Turbine Prototype in Denmark

(OW) Siemens Gamesa will install and test what has been described by the European Union (EU) as the “world’s most powerful offshore wind turbine prototype” at the Østerild National Test Centre in Denmark, before later starting full-scale production of its “next-generation” offshore wind turbine model. The wind turbine manufacturer did not disclose what rating the new turbine will have although it... Continue Reading →

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