Offshore drilling contractor Valaris has appointed Anton Dibowitz as President and Chief Executive Officer, effective immediately. Anton Dibowitz, who has been serving as interim President and CEO of Valaris since 3 September 2021 is also a member of the company’s board of directors. “Anton has done a tremendous job leading Valaris over the past three... Continue Reading →
TotalEnergies Sells Gabon Terminal, Offshore Fields to Perenco for $350M
(OE) French oil major TotalEnergies has completed the sale of the Cap Lopez Terminal and non-operated offshore field in Gabon to Perenco. "After receiving the approval of Gabonese authorities, TotalEnergies announces the closing of its agreement to divest to Perenco Oil and Gas Gabon the Cap Lopez Terminal and non-operated assets of its 58%-owned affiliate TotalEnergies EP Gabon," TotalEnergies said Thursday. With the transaction valued at $350 million before final adjustment, TotalEnergies EP Gabon... Continue Reading →
Gazprom Neft topping 100 mm tonnes – record output
(Reuters) - Gazprom Neft (SIBN.MM), the oil arm of Russian gas giant Gazprom (GAZP.MM), expects its hydrocarbon production to exceed 100 million tonnes of oil equivalent this year, reaching a record high, it said on Thursday. Gazprom Neft had aimed to reach the 100 million tonnes target by 2020 but had to delay that due to production... Continue Reading →
Prosafe unit gets extension
Offshore accommodation rig provider Prosafe has secured a contract extension for one of its units for operations in Trinidad and Tobago. In an update on Thursday, Prosafe revealed that the firm charter period for its Safe Concordia unit in Trinidad and Tobago has been extended and takes the firm operational period through to end-January 2022. The total... Continue Reading →
Petrobras rehires Skandi Santos
Petrobras has awarded Akastor’s affiliate AKOFS Offshore with a three-year contract for its subsea equipment support vessel (SESV) Skandi Santos to perform a scope of subsea services in Brazil. Under the $107 million contract, AKOFS Offshore will be performing the operations with its partners Bravante for marine services and IKM Subsea for ROV services. Work... Continue Reading →
‘Producing green hydrogen for $1/kg is achievable in some countries by 2030’: WoodMac
(Recharge) A dramatic fall in electrolyser prices will help some nations produce green hydrogen from renewable energy for $1/kg by 2030, with sub-$2/kg achievable in many countries, according to a new report from analyst Wood Mackenzie. he study, Hydrogen costs 2021: getting ready to scale, finds that the cost of alkaline and PEM electrolysers are set... Continue Reading →
TMC to deliver compressor system for Petrobras FPSO
TMC Compressors, a Norwegian supplier of compressed air systems for marine and offshore use, has been contracted to supply a large marine compressed air system for Petrobras’ Mero 3 floating, production, storage and offloading (FPSO) vessel, which will operate offshore Brazil. TMC Compressors reported on Wednesday that the marine compressed air system for the Mero 3 FPSO (Marechal... Continue Reading →
Offshore Renewable Energy: A Port Puzzle for Floating Offshore Wind
After being very much on the margins of the offshore wind industry, floating offshore wind now appears to be ready to hit the mainstream. With gigawatt scale developments already on the horizon, what will the infrastructure needed to build and support them look like? (OE) Over the past 12 months, the floating offshore wind sector... Continue Reading →
Oil traders take a long-shot bet on a possible U.S. oil export ban
(Bloomberg) --Oil traders are scooping up options contracts that would pay out if U.S. crude futures plummet against international benchmark Brent, a signal that some believe the Biden administration could intervene in the market again to bring down oil prices. Some traders have bet on the small chance that West Texas Intermediate’s discount to Brent... Continue Reading →
Stena Drilling mulls option to buy new drillship from Samsung Heavy
Aberdeen-based offshore drilling contractor Stena Drilling has revealed an agreement with South Korea’s Samsung Heavy Industries related to an option to buy a newbuild drillship. Stena Drilling informed on Tuesday it had entered into a purchase option agreement with Samsung Heavy Industries for a drillship, giving Stena “the possibility to offer the market a state of... Continue Reading →
