Constellation Signs Contract with Petrobras

(PetroleoHoje) Drillship Amaralina Star will operate dedicated to the Roncador field, from the end of 2022. Constellation and Petrobras signed a charter contract for the unit for a period of two years, with possibility of extension for another 365 days. Constellation presented the best daily rate in Petrobras' bid to contract a rig for the... Continue Reading →

Seatankers Group takes interest in Valaris

Norwegian billionaire John Fredriksen’s Seatankers Group has acquired an interest in Seadrill’s rival offshore drilling contractor Valaris. Namely, Famatown Finance, a company indirectly controlled by trusts settled by John Fredriksen and a member of the Seatankers Group, has accumulated through open market transactions approximately 5 per cent of the common shares of Valaris. Famatown pointed out that the... Continue Reading →

Sapura Energy facing cash flow and liquidity issues

Malaysian oilfield services provider Sapura Energy is facing cash flow and liquidity issues exacerbated by the Covid-19 pandemic. Responding to recent news reports, Sapura Energy on Wednesday clarified that it is still a going concern. The company’s business segments continue to execute 59 projects globally and its Exploration & Production business, operated through SapuraOMV, continues... Continue Reading →

Prosafe unit gets extension

Offshore accommodation rig provider Prosafe has secured a contract extension for one of its units for operations in Trinidad and Tobago. In an update on Thursday, Prosafe revealed that the firm charter period for its Safe Concordia unit in Trinidad and Tobago has been extended and takes the firm operational period through to end-January 2022. The total... Continue Reading →

Petrobras rehires Skandi Santos

Petrobras has awarded Akastor’s affiliate AKOFS Offshore with a three-year contract for its subsea equipment support vessel (SESV) Skandi Santos to perform a scope of subsea services in Brazil. Under the $107 million contract, AKOFS Offshore will be performing the operations with its partners Bravante for marine services and IKM Subsea for ROV services. Work... Continue Reading →

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