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As reported in late October, Noble started discussions with Shell to receive payout of the Noble Bully II contract and to acquire Shell’s interest in the Bully I and Bully II joint ventures. In an SEC filing on Tuesday, Noble said it had completed the previously disclosed transaction with Shell relating to the two joint ventures in... Continue Reading →
Norwegian offshore vessel provider Siem Offshore has been awarded contract extensions for two of its vessels. The unnamed charterer has exercised the first of two six-month options for each of the vessels Siem Atlas and Siem Giant. Both extensions are scheduled to start from December 9, 2019. The two vessels were previously both awarded a one-year... Continue Reading →
U.S. engineering and construction services company McDermott has gained access to $350 million in financing under its super-priority senior secured credit facility, which sent its shares soaring on Monday. McDermott said on Monday it had been granted access to the second tranche (Tranche B) of the $1.7 billion super-priority senior secured credit facility announced on October 21,... Continue Reading →
The years-old trend that has seen offshore suppliers vie for work in wind by leveraging their offshore oil and gas credentials and development finance is being countered these days by wind players in search of oil and gas jobs, judging by some recent fleet owner moves. Dutch offshore fleet owner, Jan De Nul, was busy... Continue Reading →
Nov 29, 2019 DOF Subsea reported Thursday that it has begun operations of the Skandi Commander, Skandi Chieftain and Skandi Olympia support vessels for Petrobras in the third quarter of this year. The duration of the contracts is three years, with the option of extension for two more. The vessels are RSVs, equipped with two... Continue Reading →
Nov 29, 2019 The president of the Brazilian oil company, André Araújo, says that any interruption in the bidding agenda would affect the operators and suppliers of the oil and gas chain. Shell considers Brazil an attractive country for the oil and gas industry, but the government must seek actions to maintain its attractiveness in... Continue Reading →
Nov 29, 2019 PGS has reached an agreement with Perupetro to create a new ‘MegaSurvey’ in Peru. This large-scale merged and matched dataset targeting the extensive coastline of Peru should provide an opportunity to evaluate prospectivity on a regional basis. The PGS Peru MegaSurvey comprises 21 000 sq. km of 3D seismic. This data will... Continue Reading →
Each quarter more signs of market stability and industry improvements are visible with an expectation to see this trend continue, the company said. Modern harsh environment market utilization has remained greater than 95% for the full year, while there is little incremental supply entering the market, and vintage units rolling off contract are likely scrapping... Continue Reading →
For a range of reasons not all related to costs, offshore operators have stated their preference for floating production with a recent slew of orders, a report by dedicated floating production watchers said this week. The world’s floating production supply chain — especially those offering front-end engineering and fabrication — can point at the end... Continue Reading →
Itaoca Terminal Marítimo SA (Itaoca Offshore) and logistics provider Peterson Offshore Group have formed a partnership and consulting agreement for development of the Itaoca Offshore project. The Itaoca Offshore project will be a private terminal (TUP), located in Itapemirim, in the Espírito Santo (ES) state in southeast Brazil, designed to provide logistical support to the... Continue Reading →
Brazil Energy Insight 