(Reuters) Senegal's Sangomar oil project is 60 percent complete, and a first barrel is expected in the second half of 2023, Woodside Executive Vice-President for International Operations Shiva McMahon said at a conference in Senegal on Thursday. Australia's Woodside holds 82 percent of the oil and gas field being developed off the West African country,... Continue Reading →
Valaris Nets $149M Worth of Offshore Drilling Contracts
Offshore drilling company Valaris said Thursday it had secured new drilling rig contracts and contract extensions, worth $149 million in total. The contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements, Valaris said. In Mexico, Valaris has won a three-well contract with Eni for the semi-submersible drilling rig VALARIS DPS-5. The contract is... Continue Reading →
Fugro to work on first Mediterranean floating offshore wind project
Fugro has won a contract with Renexia to carry out surveys at the 2.8 GW Med Wind project, the first floating offshore wind project in the Mediterranean. Fugro will perform marine geophysical and environmental surveys to acquire comprehensive geo-data at the proposed wind farm location in water depths of 300 to 900 meters and along the... Continue Reading →
All foundations, subsea cables installed at Formosa 2
All 47 wind turbine jacket foundations and all subsea cables are now in place at the Formosa 2 offshore wind farm in Taiwan. The wind farm also has more than half of its wind turbines installed so far. The final jacket foundation was installed on 26 August, with the subsea cable works reaching completion on... Continue Reading →
M&A: UK CMA Accepts Noble, Maersk Drilling Plan to Sell 5 Rigs to Alleviate Competitions Concerns
(OE) The UK Competition and Markets Authority (CMA) has accepted Noble Corp. and Maersk Drilling's plan to sell certain rigs operating in the North Sea in order to alleviate competition concerns arising from the two drillers' planned merger. The two offshore drilling firms said in November 2021 announced a proposed business combination. However, the CMA... Continue Reading →
New Jersey firm to back Petrobras’ oil and gas fiber network project
New Jersey-headquartered Pioneer Consulting has been appointed to assist with the deployment of Petrobras’ Malha Óptica system in Brazil which will comprise a 1,200-kilometer oil and gas fiber network. Under the contract signed with the Zemax-Planova Consortium, Pioneer Consulting will provide support for route engineering, quality and documentation, contractor and supplier management, and survey and... Continue Reading →
Revitalization project at Marlim intends to reduce emissions by 60%
As part of the project to revitalize the Marlim and Voador fields, in the Campos Basin, Petrobras intends to reduce carbon emissions associated with the production of the areas by 60%. As a reminder, the revitalization of the Marlim cluster provides for the replacement of nine proprietary platforms by two new FPSOs equipped with technologies... Continue Reading →
New CEO takes the helm at Saipem
Italian oilfield contractor Saipem has appointed a new chief executive officer (CEO) following the resignation of Francesco Caio. The board of directors of Saipem, chaired by Silvia Merlo, on Wednesday acknowledged the resignation of the non-executive and non-independent board member Pier Francesco Ragni communicated on 19 August 2022. Ragni resigned “due to new upcoming professional commitments,” Saipem said. Pier Francesco... Continue Reading →
Floating Production Market Is Booming
(OE) The market for floating production systems is booming, according to World Energy Reports' (WER) latest assessment of activity and developments in the offshore oil and gas market. “Business conditions and market sentiment in the deepwater sector have seldom been so positive,” said Jim McCaul, founder and principal analyst of WER. “Major upstream operators continue... Continue Reading →
Odfjell Oceanwind Moves Forward with Floating Wind Foundation Design
(OW) DNV has notified Odfjell Oceanwind that the main scantling approval of its Deepsea Semi floating wind foundation design is close to completion. The main scantling class approval is based on the SG 11.0-200 DD offshore wind turbine from Siemens Gamesa. The Deepsea Semi floating wind foundation design is developed for use in floating wind... Continue Reading →