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Danish offshore drilling firm Maersk Drilling has upgraded its financial guidance for 2021 on the back of solid rig performance and contract extensions. "During the first two months of Q4 2021, Maersk Drilling has delivered strong performance exceeding the operational and commercial expectations underlying its most recent financial guidance. The main drivers for exceeding these... Continue Reading →
Ibama gave the green light for TGS to proceed with the 2D seismic acquisition in the Campos Basin. The campaign, scheduled for 2022, but still without a start date, will cover 23,000 km of 2D lines. This is a multi-client project. Given the proximity, TGS will use the port of Rio de Janeiro as its... Continue Reading →
Drilling costs for the Kawa-1 exploration well, located offshore Guyana, are expected to increase as drilling operations are taking longer than expected. As a result, CGX Energy may seek additional funding options. Frontera Energy is the majority shareholder of and joint venture partner of CGX in the Petroleum Prospecting Licenses for the Corentyne block, where the... Continue Reading →
Oslo-based subsea well intervention and installation services company AKOFS Offshore last week scored a three-year deal with Brazil's Petrobras for its vessel Skandi Santos. Under the contract, the Skandi Santos will perform a broad scope of subsea services in Brazil, and IKM Subsea will take care of ROV services. Bravante will be responsible for marine services.IKM Subsea... Continue Reading →
(OE) Swarm behavior of underwater vehicles has long been on the wish list. Couple that with collecting seismic data and you have an interesting challenge. The seismic industry has a track record for innovation – Blue Ocean Seismic Services is taking on the latest challenge. Seismic data acquisition isn’t perhaps at the top of... Continue Reading →
Equinor, Lundin, Shearwater GeoServices and Vår Energi have established a joint industry project seeking to develop a more environmentally friendly method for seismic data colletion. The goal of Project BASS is to develop a new low-impact acoustic source and seeks to produce a higher technological accuracy and improved seismic data quality for locating, quantifying and... Continue Reading →
The Brazilian group CBO announced this week the acquisition of another vessel to compose its offshore support fleet. The new vessel was built in 2011 and will be named CBO Wave. In addition, the vessel already has a signed contract to operate with Petrobras between 2022 and 2025. The CBO Wave is an RSV type... Continue Reading →
(OM) Strohm has developed a thermoplastic composite pipe (TCP) with an integrated weight coating. The company has supplied the first fully bonded TCP flowline featuring the coating – measuring 2,200 m (7,218 ft) in length and with a diameter of 2.5-in. – to Trident to support the Elon-C subsea tieback to the Okume platform complex offshore Equatorial Guinea.... Continue Reading →
(Offshore) Wood Mackenzie’s Global Upstream Outlook 2022 predicts a 9% increase in investments next year to more than $400 billion. The consultants expect more than 40 projects with resources of more than 50 MMboe to be sanctioned, with low-breakeven, low-carbon deepwater projects dominating greenfield final investment decisions. Fraser McKay, vice president upstream research, said: “Companies will allocate... Continue Reading →
American Bureau of Shipping (ABS) has granted Approval in Principle (AIP) to Bassoe Technology for its T-Floater floating wind turbine foundation design. The foundation is designed to carry a 10 MW turbine in the harsh conditions of the North Sea. With three columns and T-shaped pontoons to allow transport of multiple T-Floater hulls on a... Continue Reading →
