Offshore accommodation specialist Prosafe has won a contract extension with Brazil's Petrobras for the provision of the Safe Notos semi-submersible vessel for safety and maintenance support offshore Brazil. The original three years and 222-day firm period were due to complete in July 2020, but the extension will result in operations through to mid-November 2021, Oslo-listed... Continue Reading →
Boskalis Q3 offshore energy results partly hit by COVID-19, Horizon acquisition paying off
Boskalis has reported a revenue increase at its Offshore Energy business in the third quarter of 2020, compared to the previous two quarters, but also a drop in its order book to € 1.3 billion (€ 1.47 billion at the end of June). The company noted a strong contribution from the seabed intervention unit, while... Continue Reading →
Noble gets rid of five cold-stacked floating rigs
Offshore drilling contractor Noble Corporation has decided to sell five of its cold-stacked floating drilling rigs. In its fleet status report on Wednesday, Noble Corp. said it had signed rig sale agreements for five rigs. The deals were signed for two drillships – Noble Bully I and Noble Bully II – and three semi-submersibles – Noble Jim Day, Noble Danny Adkins,... Continue Reading →
McDermott Ships Second Batch of Topside Modules for Modec FPSO
Offshore engineering and construction firm McDermott on Thursday announced the second shipment of topside modules for a floating production storage and offloading (FPSO) unit for Japans' Modec. The new shipment comes just weeks after the first shipment of modules sailed away from McDermott's Altamira fabrication facility in Mexico to be installed on the FPSO named... Continue Reading →
In a World’s First, Spider-like Robot Deployed on Offshore Wind Turbine
In what has been described as a "world's first" a spider-like robot recently achieved its first blade walk an offshore wind turbine in the UK, opening door to significant offshore inspection cost cuts. Developed by BladeBUG, with support of the Offshore Renewable Energy (ORE) Catapult, the six-legged inspect-and-repair robot last month repeatedly scaled blades at... Continue Reading →
CGG and Shearwater put off streamer tech joint venture
CGG and Shearwater have agreed to suspend negotiations around creating a marine streamer equipment JV until visibility in the streamer replacement cycle improves. The companies said that decision comes due to the downturn in the oil and gas industry, triggered by the Covid-19 pandemic. Both parties will continue the marine acquisition partnership, but also with... Continue Reading →
Prosafe cuts losses despite lower revenues hit by Covid-19 and oil price crash
Offshore accommodation rig provider Prosafe has managed to reduce its quarterly loss despite lower revenues due to lower fleet utilisation and average day rates following the Covid-19 pandemic and oil price crash. Prosafe said on Thursday that its EBITDA for the third quarter was negative by $1.2 million compared to a positive of $26.3 million... Continue Reading →
Apache sets aim for fifth Suriname well
Oil and gas company Apache Corporation has selected its fifth exploration well offshore Suriname in Block 58 and filed appraisal plans for two previous discoveries. Apache said in its third-quarter financial report that the company has selected its fifth exploration well – named Bonboni –situated in the North Central portion of Block 58. The company... Continue Reading →
Hess sees more upside to Guyana’s 9 billion boe estimate, big potential in Santonian
A further increase in the gross recoverable resources is anticipated at Guyana’s Stabroek Block, adding to the recently upgraded 9 billion boe estimate, according to Hess Corporation. Greg Hill, Chief Operating Officer, explained to investors on the company’s Q3 earnings call last week that the 9 billion barrels of oil equivalent (boe) upgrade that was... Continue Reading →
Palfinger’s Cranes for Giant Brazil-bound FPSO
Crane specialist Palfinger will deliver two wire luffing lattice boom cranes to the largest FPSO vessel ever delivered to Brazil. The FPSO, to be delivered by Japan's Modec, will be deployed at Equinor's Bacalhau field (formerly Carcará), about 185 kilometers off the Brazilian coast – south of São Paulo – at a water depth of around 2,050 meters.... Continue Reading →
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