Brought to you by Quest Offshore & Southern Cone Consultants
Offshore drilling contractors Noble Corporation and Pacific Drilling have entered into a definitive merger agreement under which Noble will acquire Pacific Drilling in an all-stock transaction. It is worth mentioning that both of these companies have recently emerged from Chapter 11 bankruptcy. Pacific Drilling completed its balance-sheet restructuring and emerged from the Chapter 11 process in... Continue Reading →
Floatel International, a company providing offshore accommodation rigs for the oil and gas industry, said Wednesday it had successfully completed its comprehensive balance sheet restructuring. The company said it had secured a fully consensual deal among all key stakeholders, including its shareholders, 1L Bondholders, 2L Bondholders, and its Bank Vessel Facility lenders. In connection with... Continue Reading →
Omni Táxi Aéreo has just expanded its fleet of helicopters used to transport workers in the oil and gas sector. The company acquired yet another AW139 model aircraft, made by Italian Leonardo. The model is super medium sized and capable of flying to the most distant platforms of the pre-salt, carrying up to 12 passengers.... Continue Reading →
Norwegian energy intelligence group Rystad Energy expects to see an increase in offshore wells drilled this year and the next one, compared to 2020, when the number was hit by low oil prices and the pandemic. Now, with oil and gas demand recovering supported by vaccinations and OPEC+ supply cuts, Rystad expects offshore drilling activity... Continue Reading →
Australian firm BHP, working to develop the deepwater Trion oil field offshore Mexico, has selected the offshore engineering firm DORIS to continue into the next phase of Trion’s engineering work, related to subsea umbilicals risers and flowlines. DORIS has previously completed the pre-DEED scope, and will now work on Front End Engineering and Design (FEED)... Continue Reading →
Offshore drilling contractor Vantage Drilling has received court approval for a previously proposed deal which entails Vantage managing some of the rigs owned by Seadrill Partners. Vantage said Friday it had has entered into a Framework Agreement and related Management and Marketing Agreements with Seadrill Partners LLC (“Seadrill Partners”) under which Vantage’s subsidiaries will provide operating, management... Continue Reading →
Offshore and subsea services company James Fisher on Monday launched a renewables business James Fisher Renewables, which sees consolidation of the group’s capabilities into what James Fisher said was "a comprehensive solutions provider." "Bringing together capabilities from across the group, JF Renewables will offer services through the project lifecycle including site preparation, UXO EOD, noise attenuation,... Continue Reading →
– Baker Hughes, an energy technology company, has reached a significant technology milestone in pioneering a solution to overcome flexible pipe stress corrosion cracking (SCC) tendencies in high CO2 content fields, such as those found in Brazil’s pre-salt offshore developments. The inspection, verification and assurance body, Lloyd’s Register, issued Baker Hughes a design appraisal document... Continue Reading →
India's Mangalore Refinery and Petrochemicals Ltd has bought its first-ever cargo of Brazilian Tupi crude oil in a tender, two industry sources said on Monday. The 1-million-barrel cargo was sold by Royal Dutch Shell for May delivery, he added. The price was not immediately known. The purchase comes after Indian state refiners had planned to... Continue Reading →
(Reuters) - Mexico is looking to renegotiate some of its hundreds of millions of dollars-worth of contracts with Vitol SA after the global energy trader acknowledged paying kickbacks to win business with state oil company Pemex, Reuters has learned. The dispute in Mexico, the world’s fourth-largest importer of refined oil products, is part of the... Continue Reading →
Brazil Energy Insight 