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Offshore drilling contractor Borr Drilling received a Letter of Award for one of its jack-up rigs from an unnamed international oil company for additional work in Mexico. "The program is expected to commence in the second quarter of 2022 for a duration of approximately 150 days, adding revenues of USD 15.7 million," Borr said in... Continue Reading →
Solstad Offshore has won two medium-term contracts for its construction vessels (CSV) Normand Frontier and Normand Navigator in the second half of 2021. Normand Frontier will support an ultra-deep subsea project in South America for an international contractor. The vessel has already started mobilization activities, the company informed. The contract duration is 100 days firm plus 60 days options excluding... Continue Reading →
French energy major TotalEnergies and energy transition company Technip Energies have teamed up to decarbonise LNG plants and offshore facilities for the energy transition push. The companies signed a technical cooperation agreement that aims to accelerate the energy transition. Under the agreement, they will explore new concepts and technologies to cover LNG plants and offshore-type... Continue Reading →
Oilfield services provider Baker Hughes has reported a loss in the second quarter of the year regardless of the company posting an increase in orders and revenues. In its second quarter of 2021 report on Wednesday, Baker Hughes said that its orders in the quarter were $5.1 billion, up 12 per cent sequentially and up four per... Continue Reading →
Offshore accommodation provider Floatel International has secured another contract for one of its units, this time with Norway’s Equinor for operations in Brazilian waters. Floatel informed on Tuesday that Equinor Brasil Energia had awarded a contract to Floatel Victory to provide maintenance and safety unit (MSU) services alongside Peregrino floating production storage and offloading unit... Continue Reading →
Prysmian Group has secured a contract to provide deep-water electro-hydraulic umbilicals and specialized offshore and logistic services to Petrobras. Italian cabling company is to deliver 350 kilometres of high-end deep-water electro-hydraulic umbilicals using both steel tube and thermoplastic technology. The umbilicals will be engineered, produced, tested and delivered in the period from 2022 to 2025... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it has received an official letter from the Ministry of Mines and Energy with the following indications for the composition of the slate of the Federal Government for the company's Board of Directors positions, whose election will take place in the next Extraordinary General Meeting: I - Eduardo... Continue Reading →
Norwegian energy giant Equinor has teamed up with RES and Green Giraffe to form Océole, a company dedicated to developing floating offshore wind in France. Océole will evaluate and work towards submitting bids in the upcoming floating offshore wind tenders held by the French government, Equinor said Tuesday. "Establishing this partnership is in line with... Continue Reading →
Noble Corp and a consortium that includes Transocean Ltd and Dolphin Drilling are competing to acquire the assets of Seadrill Ltd, the bankrupt offshore oil driller controlled by Norwegian-born tycoon John Fredriksen, people familiar with the matter said on Tuesday. Seadrill is trying to emerge from its second U.S. Chapter 11 bankruptcy in four years:... Continue Reading →
(Reuters) - Global miner BHP Group (BHP.AX) is considering getting out of oil and gas in a multibillion-dollar exit as it looks to speed up its retreat from fossil fuels, Bloomberg News reported on Tuesday, citing people familiar with the matter. The world's biggest miner is reviewing its petroleum business and considering options including a trade sale,... Continue Reading →
