Brought to you by Quest Offshore & Southern Cone Consultants
December 9, 2019 Despite the climate of disappointment with the absence of major oil companies in the last two pre-salt auctions in November, the oil and gas labor market is once again gaining momentum in Brazil. After five years of shrinking without respite, the percentage of open positions for middle and senior management positions in... Continue Reading →
The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices, even in the face of reduced production by the big producers. Though storm clouds persist, there appears a clearing on... Continue Reading →
The worldwide offshore rig count in November 2019 increased by four units sequentially and 41 units year-over-year, according to Friday rig count reports by Baker Hughes Company. BHGE splits its rig counts into international and North America rig counts, which combined make the worldwide rig count. Baker Hughes reported on Friday that the international rig count for... Continue Reading →
Luminus, the investment advisor to funds and accounts that own approximately 18.7% of the equity of Valaris, on Wednesday issued a letter to Valaris shareholders expressing grave concerns regarding years of persistent strategic, operational and governance failures at the company and the immediate need to upgrade the board. Luminus expressed its view that Valaris’ stock... Continue Reading →
Norwegian offshore vessel owner Solstad Offshore has signed contract extensions for two platform supply vessels (PSVs) with Equinor in Brazil. Solstad said on Friday that the contract extensions were awarded to the Far Scotsman and Sea Brasil vessels. The contract for Far Scotsman is extended by two years, while Sea Brasil is extended by one... Continue Reading →
Malaysia’s Sapura Energy has won RM615 million (~$147 million) worth of contracts in the Engineering and Construction (E&C) as well as Drilling segments of its business. In Brazil, Petrobras has awarded Sapura Navegação Marítima S.A. a contract extension to charter and operate Sapura Topazio, a dynamic positioning (DP) 2 self-propelled pipelaying vessel. Sapura said the Petrobras contract came... Continue Reading →
December 5, 2019 SBM Offshore is pleased to announce that it has signed contracts for the construction of the Company’s fourth and fifth hulls under its purchase program for Fast4Ward® new build multi-purpose hulls. The contracts were signed with Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd. (SWS) and China Merchants Industry Holdings (CMIH). Both yards... Continue Reading →
Atlas, the international recruitment and manpower management firm, said it would provide marine personnel across the Prosafe fleet of offshore accommodation rigs. Under the scope awarded after a tender procedure, Atlas will in January 2020 start providing manning services to Prosafe’s Safe Concordia semi-submersible accommodation rig when the unit will start a 120-day project offshore... Continue Reading →
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 →
