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Offshore drilling contractor Noble Corporation is seeing an increase in demand for offshore drilling rigs – its floater fleet was 100 per cent contracted in 2Q – and the rig owner expects this positive momentum to continue. In its latest fleet status report, issued on Monday, Noble Corp. said that its two jack-up rigs, the Noble Houston... Continue Reading →
Petrobras is carrying out a campaign of maintenance and production stoppages on its platforms in the Campos Basin. In 2022 alone, there will be five campaigns, which will extend until 2023, with an investment of more than US$ 220 million and the creation of two thousand jobs. During the shutdowns, the company is using the... Continue Reading →
Oil and gas company BW Energy has signed an up to $300 million international Reserve Based Lending (RBL) facility, to finance further development work in a block offshore Gabon. The facility has an initial commitment of $200 million which can be expanded up to an additional $100 million. The secured long-term debt facility has been... Continue Reading →
(EV) Noble Corporation (NYSE: NE) has published full details of its offer for Maersk Drilling (CPH: DRLCO), setting out a timetable that would see the new company listed by 3 October. A UK-incorporated holding company – Noble Corporation plc (Topco) – has been set up for the purpose of completing the transaction, which could create... Continue Reading →
The Netherlands-headquartered maritime services company EMAR Offshore has bought two fast crew supplier (FCS) vessels from the Dutch shipbuilder, Damen Shipyards Group. As both vessels are already in stock, one of them has already kicked off operations in Angola to support the country’s oil and gas industry, while the second vessel is expected to join the... Continue Reading →
Over the second quarter of 2022, BP’s Greater Tortue Ahmeyim (GTA) project in Mauritania and Senegal achieved a 5 per cent progress, when compared to the previous quarter of the year, topping the 80 per cent mark. The project is on track for the first gas in 3Q 2023 despite delays related to the FPSO... Continue Reading →
Following a planned downtime, Brazilian oil company Enauta is set to resume production from its Atlanta oil field in the Santos Basin, offshore Brazil. The company said that the Atlanta Field’s scheduled downtime is expected to be concluded over the upcoming days. Enauta said that the gradual output resumption would take place by mid-August when... Continue Reading →
Japanese FPSO operator MODEC and its compatriot EPC company Toyo Engineering Corporation (TOYO) are setting up a joint venture for floating production storage and offloading (FPSO) vessels. As revealed on Friday, the two have executed an agreement for the establishment of a joint venture company for the Engineering, Procurement, Construction and Installation (EPCI) business of... Continue Reading →
(Reuters) - Singapore's Sembcorp Industries Ltd said on Friday its first-half profit surged nearly 11 times and also forecast a stronger fiscal 2022, as the utilities company reaped the benefits of higher energy prices at home and in India. The Conventional Energy segment, which made up 86% of total revenue last year, swung to a... Continue Reading →
Dutch FPSO leasing specialist SBM Offshore has ordered its latest Fast4Ward multi-purpose floater hull as it marked a new record level order book at $31.1 billion. The latest Fast4Ward floating production unit (FPU) is expected to be delivered in 2024, the firm said yesterday in its half year earnings. It also said it could have... Continue Reading →
