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(OET) Offshore drilling contractor Valaris has secured a plethora of new contracts and extensions for four floaters and five jack-ups in its rig fleet with TotalEnergies, Petrobras, ExxonMobil, Eni, BP, TAQA, and Perenco. These deals will enable the rig owner to carry out operations in Brazil, Angola, Mexico, Trinidad, Indonesia, the Netherlands, and the UK.... Continue Reading →
(OM) Ørsted has taken FID on the 704-MW Revolution Wind project offshore Connecticut and Rhode Island, a 50:50 joint venture with Eversource. Onshore construction has started, and offshore construction will get underway in 2024, with the project expected to be completed and fully operational in 2025. The wind farm will cover an area 32 miles southeast of the Connecticut... Continue Reading →
(OM) With the worldwide mandate for emissions reduction, operators are urgently looking for ways to ‘green’ their production platforms. A particular focus is being placed on new and upcoming FPSOs scheduled for deployment offshore Brazil. Some of the most promising paths toward that result include a re-examination of power generation technologies, and here operators are... Continue Reading →
The U.S. Department of Energy (DOE) has warned New Fortress Energy if any portion of its Altamira floating liquefied natural gas (LNG) project is located onshore Mexico, the company will have to resubmit its application for an export permit. New Fortress's $1.3 billion Altamira LNG project was expected to start shipping the superchilled gas this... Continue Reading →
(Reuters) Shell on Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher refining margins and strong liquefied natural gas (LNG) trading. The company announced share buybacks of $3.5 billion over the next three months, up from $2.7 billion in the previous three months. It maintained its dividend unchanged at $0.331 per... Continue Reading →
(OE) Increased activity in the Brazilian offshore oil and gas sector could help strengthen the market recovery for offshore supply vessels (OSV) in the U.S. Gulf of Mexico. In early October, Brazilian state-owned oil company Petrobras issued requests for quotations (RFQ) for up to 20 OSVs ranging from 3,000 to over 4,500 deadweight tons to... Continue Reading →
(OE) Offshore drilling contractor Noble Corp. on Tuesday released a fleet status report, according to which the company has secured contracts for six offshore drilling rigs since its previous fleet report issued on August 2, 2023. The company has secured contracts for three drillships—the Noble Valiant, Globetrotter I, and Globetrotter II—and three jack-up drilling rigs—the... Continue Reading →
(PN) Petrobras informed the National Petroleum Agency (ANP) that it found new signs of oil in well 3-BRSA-1388DA-SPS, located in block S-M-623, where the Sagitario prospect is located. The discovery took place in a water depth of 1,866 meters, in the pre-salt of the Santos Basin. The first discoveries of signs of oil in block... Continue Reading →
(OET) Prysmian Group has completed the pre-termination phase for the dynamic cables destined for a floating offshore wind farm off the coast of France – said to be the company’s first turnkey project of a dynamic cables system for a floating wind farm. Prysmian announced the completion of the dynamic cables’ pre-termination phase for the Provence Grand Large floating wind farm,... Continue Reading →
(Reuters) Denmark's Orsted said on Wednesday it had recorded a 28.4 billion Danish crowns ($4.03 billion) impairment charge for the first nine months of 2023, and that it will cease work on its U.S. offshore wind projects Ocean Wind 1 and 2. The world's largest offshore wind farm developer has made a final investment decision on Revolution... Continue Reading →
Brazil Energy Insight 