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Offshore driller Seadrill Ltd has requested an additional four months to retain control of its bankruptcy proceeding, saying it is still working to drum up as much support as possible for its proposed reorganization plan. The company, represented by Kirkland & Ellis, made its request in a motion filed on Tuesday, a few weeks before... Continue Reading →
Malaysian FPSO provider Yinson is on track with an FPSO conversion project for a Petrobras-operated project off Brazil with topside module integration currently in progress. Yinson on Thursday shared an update on the progress of its Anna Nery FPSO, which will work for Petrobras on the Marlim 2 oil field in the Campos Basin. The... Continue Reading →
(PetroNoticias) Petrobras began drilling a wildcat well (1-BRSA-1382D-RJS) in the Tres Marias block, in the Santos basin. The activity is being carried out with the Ocean Courage rig, in a water depth of 2223 meters. The information was released by the National Petroleum Agency (ANP). As a reminder, the Tres Marias block was sold during... Continue Reading →
(PetroleoHoje) Shell will start, by mid-October, a new intervention campaign at Parque das Conchas. The West Tellus drillship, from Seadrill, is already sailing to the Campos Basin, with arrival scheduled for the weekend. In addition to the intervention program, Shell's new campaign will include the drilling of two wells, one infill in BC-10 and the... Continue Reading →
Oilfield services firm Baker Hughes and Norway's Akastor have completed the previously proposed merger of Baker Hughes’ Subsea Drilling Systems (SDS) business with Akastor’s subsidiary, MHWirth AS (MHWirth). MHWirth provides advanced drilling solutions and services, and Baker Hughes’ SDS business is a division of the Oilfield Equipment segment of Baker Hughes, headquartered in Houston, which... Continue Reading →
France-based geophysical services company CGG has completed the sale of its GeoSoftware business to Topicus and Vela Software. The company has closed the sale for a total cash consideration of $95 million with the transaction effective from 1 October 2021. To remind, CGG entered into an agreement with Topicus and Vela Software for the sale of the... Continue Reading →
Ivory Coast President Alassane Ouattara and Eni CEO Claudio Descalzi met Friday to discuss the progress of Eni's activities in the country, following the giant offshore oil discovery of Baleine 1-X. As previously reported, Eni in September announced the major oil discovery in block CI-101, in what was the company's first exploration well drilled in the... Continue Reading →
UK-based oilfield services firm Expro and Dutch-based drilling and completions solutions provider Frank’s International have completed the previously announced all-stock merger. The combined company has assumed the Expro Group Holdings name. "This is an exciting day for Expro and Frank’s as we bring our companies together to create a new global leader with the breadth... Continue Reading →
Subsea 7 has officially completed the transaction to combine its Renewables business unit with Norway’s OHT ASA into a pure-play renewables company. Effective from the closing of the transaction, the combined company is renamed Seaway 7. Subsea 7’s wholly-owned indirect subsidiary, Subsea 7 Blue Space, holds 72% while OHT holds 28% of the new company’s... Continue Reading →
(PetroleoHoje) Petrobras chartered the PLSV Sapura Topázio, from Seabras Sapura, for a period of 1,275 days (about three and a half years) on a day rate basis, with a minimum execution period of 1,095 days. The contract is expected to start on June 30, 2022, and is expected to end on June 29, 2025. The... Continue Reading →
