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Energy technology company Baker Hughes announced it has opened a new "supercenter" facility for oilfield services and equipment in Guyana. The facility, which spans more than 8 acres, will support regional customers and bolster Baker Hughes’ localization efforts within South America. Referencing its work in Guyana, Baker Hughes said it currently provides drilling services, drill... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) should buy the rest of struggling wind turbine division Siemens Gamesa (SGREN.MC), Union Investment said on Monday, the first such demand by a major investor since a recent profit warning and leadership change. Siemens Gamesa last month issued its third profit warning in nine months, a move that has led parent Siemens Energy... Continue Reading →
Offshore drilling contractor Transocean has secured more work for four of its drillships and one semi-submersible rig, with some getting better day rates than before, pushing its backlog up to $6.5 billion. Transocean published its latest fleet status report on Monday, revealing new contracts and extensions for its fleet of drilling rigs with an aggregate incremental backlog... Continue Reading →
(OE) CGX Energy and Frontera said Monday they'd focus on their Corentyne block in Guyana in 2022 fully, and not engage in drilling activities on the Demerara block at all. The partners said their decision was based on the positive results from the Kawa-1 offshore well, and the significant exploration opportunities in the Corentyne block.... Continue Reading →
(OM) TGS says it can now provide access to derivative standardized well data from ~6,500 wells in Brazil’s offshore basins. TGS-enhanced data such as standardized digital logs (LAS, LAS+, Mud LAS, Lith LAS), validated well headers, quality-controlled directional surveys and other available derivatives will be licensed and delivered to customers through its cloud-based R360 Platform. This data... Continue Reading →
Amid the improving market conditions and increasing demand, the Norwegian offshore vessel owner, Solstad Offshore, has inked a new deal for one of its subsea construction support vessels (CSVs) with the Brazilian oil and gas giant Petrobras, which will allow the vessel to operate offshore Brazil. Solstad Offshore announced the contract award for the CSV Normand Valiant with... Continue Reading →
(OE) FPSO leasing company BW Offshore has decided to record an impairment to the book value of the FPSOs BW Athena, Espoir Ivoirien, Sendje Berge, Petróleo Nautipa and Umuroa amounting to $66.6 million in the fourth quarter of 2021 as well as $23.8 million for the loss on the sale of the Joko Tole FPSO.... Continue Reading →
(OE) French energy industry giant TotalEnergies has partnered with the Norwegian company Semar in the development of the innovative Honeymooring solution, which, according to TotalEnergies, will contribute to lowering the floating wind costs and reducing seabed footprint. TotalEnergies said that floating offshore wind turbines have removed the depth constraints but raised the challenge of cost-effective,... Continue Reading →
SBM Offshore is pleased to announce that FPSO Liza Unity has produced first oil as of February 11, 2022 and is formally on hire. The FPSO Liza Unity is the first unit with a design based on SBM Offshore’s industry leading Fast4Ward® program which incorporates the Company’s new build, multi-purpose floater hull combined with several... Continue Reading →
(World Oil) — Baker Hughes rig count released Friday shows the United States has added 22 rigs since last week, bringing its total count to 635. This shows an increase of 238 rigs from last year, and brings North America’s total rig count to 854. Compared to a record low U.S. count of 244 in... Continue Reading →
Brazil Energy Insight 