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Offshore drilling contractor Transocean has secured new contracts and extensions for its rigs with a particular emphasis on its drillship fleet and with notable day rate increases. As revealed by Transocean in its latest quarterly fleet status report on Monday, the aggregate incremental backlog associated with these fixtures is approximately $650 million. As of 25 July, the... Continue Reading →
Norwegian shipowner Siem Offshore said it has secured contract extensions for two of its platform supply vessels (PSV) working for TotalEnergies offshore Brazil. Total E&P do Brazil has declared the first of two options for the PSVs Siem Atlas and Siem Giant, and both vessels are now firm until June 2023. Siem Atlas and Siem... Continue Reading →
Mexican national oil and gas company Pemex has taken over the ownership and operation of the FPSO operating on the second largest offshore oil complex in Mexico from Norway’s FPSO operator BW Offshore. BW Offshore revealed on Sunday that Pemex has assumed the ownership and operation of the FPSO Yúum K’ak’náab – known as El Señor del Mar (The Lord of the Sea) – with effect... Continue Reading →
Norwegian AKOFS Offshore has signed a firm contract for Aker Wayfarer that will continue to perform services as a subsea equipment support vessel (SESV) for Petrobras in Brazil. The duration of the contract is almost four years and the services will commence in the first half of 2023. AKOFS Offshore will perform the operations jointly with... Continue Reading →
Offshore drilling contractor Valaris has revealed that one of its drillships has started its new assignment offshore Brazil with the country’s state-owned giant, Petrobras. Back in October 2021, Valaris won a deal for the stacked drillship Valaris DS-4 with Petrobras for operations offshore Brazil. The contract was for a minimum term of 548 days. At the time, the Valaris DS-4 rig... Continue Reading →
(Rigzone) In the coming years, upstream capex in Latin America will shift into deeper and deeper water with Brazil, Guyana, and Mexico likely to lead the charge for new spending, Rystad Energy said. While onshore investments stabilized at around $14 billion and shallow water spending continues to decline, deepwater expenditure is projected to grow at... Continue Reading →
Subsea 7 has laid the first subsea cables in the water for the 94.6 MW Hywind Tampen floating wind farm offshore Norway. JDR Cable System is in charge of supplying the electric cables for the project from its factory in Hartlepool, the UK, while Subsea 7 is responsible for the installation of the cables and... Continue Reading →
Siemens Energy has won what it says is the largest offshore grid connection order in the company's history. The order, made by Amprion Offshore, will see Siemens Energy supply two offshore wind power converter platforms at sea DolWin4 and BorWin4, and two associated stations on land. The platforms convert alternating current, as produced by wind... Continue Reading →
(OE) CGX, a Toronto-based oil and gas firm focused on the Guyana-Suriname Basin, has secured funding for its next offshore exploration well in Guyana's Corentyne block by agreeing to farm out a portion of its interest to its partner Frontera. As part of the agreement, CGX will transfer 29.73% of its interest in the Corentyne... Continue Reading →
(Reuters) Schlumberger on Friday raised its annual revenue forecast, buoyed by higher demand for its oilfield services from producers looking to raise output as oil prices surged. Global crude prices hovered above $100 per barrel in the quarter, fueled by tight supplies following sanctions on major producer Russia and energy consumption returning to near pre-pandemic levels. Schlumberger's results... Continue Reading →
Brazil Energy Insight 