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Offshore drilling contractor Borr Drilling received a Letter of Award for one of its jack-up rigs from an unnamed international oil company for additional work in Mexico. "The program is expected to commence in the second quarter of 2022 for a duration of approximately 150 days, adding revenues of USD 15.7 million," Borr said in... Continue Reading →
Solstad Offshore has won two medium-term contracts for its construction vessels (CSV) Normand Frontier and Normand Navigator in the second half of 2021. Normand Frontier will support an ultra-deep subsea project in South America for an international contractor. The vessel has already started mobilization activities, the company informed. The contract duration is 100 days firm plus 60 days options excluding... Continue Reading →
French energy major TotalEnergies and energy transition company Technip Energies have teamed up to decarbonise LNG plants and offshore facilities for the energy transition push. The companies signed a technical cooperation agreement that aims to accelerate the energy transition. Under the agreement, they will explore new concepts and technologies to cover LNG plants and offshore-type... Continue Reading →
Oilfield services provider Baker Hughes has reported a loss in the second quarter of the year regardless of the company posting an increase in orders and revenues. In its second quarter of 2021 report on Wednesday, Baker Hughes said that its orders in the quarter were $5.1 billion, up 12 per cent sequentially and up four per... Continue Reading →
Offshore accommodation provider Floatel International has secured another contract for one of its units, this time with Norway’s Equinor for operations in Brazilian waters. Floatel informed on Tuesday that Equinor Brasil Energia had awarded a contract to Floatel Victory to provide maintenance and safety unit (MSU) services alongside Peregrino floating production storage and offloading unit... Continue Reading →
Prysmian Group has secured a contract to provide deep-water electro-hydraulic umbilicals and specialized offshore and logistic services to Petrobras. Italian cabling company is to deliver 350 kilometres of high-end deep-water electro-hydraulic umbilicals using both steel tube and thermoplastic technology. The umbilicals will be engineered, produced, tested and delivered in the period from 2022 to 2025... Continue Reading →
Noble Corp and a consortium that includes Transocean Ltd and Dolphin Drilling are competing to acquire the assets of Seadrill Ltd, the bankrupt offshore oil driller controlled by Norwegian-born tycoon John Fredriksen, people familiar with the matter said on Tuesday. Seadrill is trying to emerge from its second U.S. Chapter 11 bankruptcy in four years:... Continue Reading →
Italian cabling giant Prysmian has set up a target to achieve net-zero for its global operations between 2035 and 2040, as well as for its value chain emissions by 2050. Prysmian announced the commitments as part of its new Climate Ambition and Social Ambition frameworks. In terms of Climate Ambition, the plan is to reach... Continue Reading →
South Korean shipbuilder Samsung Heavy Industries (SHI) has announced plans to enter the renewables market with the development of a large-scale floating wind turbine. The shipbuilder has received an Approval in Principle (AiP) from classification society DNV for its Tri-Star Float, a 9.5-MW offshore wind floater. SHI is hoping its turbine technology will be selected... Continue Reading →
The economic recovery of Brazil’s ultra-deepwater oil and gas market is underway, according to a recent report by Evercore ISI. In its latest Offshore Rig Market Snapshot (July 2021), the consulting firm noted that three term floater contracts were signed for Brazil over the week ending July 15, with Petrobras renewing two ultra-deepwater drillships and... Continue Reading →
