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 →

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 →

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 →

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