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Offshore seismic surveyor PXGEO has been awarded an ocean bottom node survey contract in Brazil. PGXEO said that the project, awarded by the Brazilian oil company Petrobras, would start in the second quarter of 2022. The contract will last for around three months. In June 2021, PXGEO acquired Fugro's subsidiary Seabed Geosolutions, a company specializing in... Continue Reading →
Following the announcement of a proposed merger between offshore drillers Maersk Drilling and Noble Corporation on Wednesday, a Noble shareholder said it would vote against the deal. The combination is a primarily all-stock transaction where the shares of the combined company will be distributed equally between the current shareholders of Noble and Maersk Drilling. The... Continue Reading →
(Reuters) - Oil major Royal Dutch Shell's (RDSa.L) clean energy unit will provide renewable energy credits (REC) to oilfield firm Baker Hughes' (BKR.N) facilities in United States for a two-year period, the companies said on Wednesday. The move comes as climate activists, investors, banks and some governments mount pressure on oil and gas companies to announce net zero emission... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) proposed on Wednesday to pay a dividend on the back of a strong jump in cash flow driven by stricter cost discipline, as it completed its first business year since it spun off from former parent Siemens (SIEGn.DE). The supplier of turbines and services to the power industry, in which Siemens still holds... Continue Reading →
Offshore energy engineering solutions provider Aquaterra Energy has been awarded a $4.4 million contract with BW Energy. Under the contract, Aquaterra Energy will provide procurement, engineering, manufacture, installation, and commissioning support of multiple conductor tensioning units for the repurposing of the Hibiscus Alpha jack-up rig to an offshore installation (OI), located offshore Gabon, West Africa.... Continue Reading →
Denmark's Maersk Drilling and U.S. rival Noble Corp will merge in a $3.4 billion deal to form one of the world's largest offshore oil drilling rig companies, they said on Wednesday. The combined company is expected to reap annual cost savings of $125 million and it will take Noble Corporation's name and be headquartered in... Continue Reading →
Offshore drilling contractor Vantage Drilling has managed to cut its quarterly loss on the back of higher revenues driven by growing contracting activity and utilisation. Vantage Drilling on Tuesday reported a net loss attributable to controlling interest of approximately $21.7 million for the third quarter of 2021 as compared to a net loss of $169.3... Continue Reading →
(PetroNoticias) ExxonMobil notified the National Petroleum Agency (ANP) of the discovery of traces of oil in the pioneer well 1-EMEB-2-RJS (Titã-1), in the Titan block in the Santos Basin. The milestone was reached approximately three months after the start of drilling at the site, which is being carried out by the West Saturn drillship, chartered... Continue Reading →
Offshore accommodation rig provider Prosafe has achieved what it says is an important milestone in its financial restructuring following the approval of its plan in Norway. Prosafe’s financial restructuring process is on track with formal support from all lenders already received. The extraordinary general meeting approved the solution on 27 September 2021, the Singapore scheme was sanctioned... Continue Reading →
Helix Energy Solutions and Trendsetter Engineering have partnered up to provide integrated hydraulic intervention services for subsea wells and flowlines. The new partnership will integrate Trendsetter’s 15,0000psi Subsea Tree Injection Manifold (15K STIM) and personnel into Helix’s fleet of well intervention vessels and equipment used to perform well services globally. Helix’s well intervention vessels include... Continue Reading →
Brazil Energy Insight 