Operators to retain whip hand in dayrate negotiations, Westwood projects
Westwood Global Energy Group expects rig demand to increase around the world but with no rapid increase in dayrates.
Rigs & Vessels
Canada approves Equinor’s Bay du Nord plan
The Canadian government has approved Equinor’s Bay du Nord project, albeit with the strongest ever greenhouse gas conditions.
Valaris wins $180m in contracts and extensions
Drilling rig operator Valaris has secured a series of new contracts and contract extensions worth some $181 million in backlog.
SBM wins FPSO work on Exxon’s Yellowtail
SBM Offshore has won work on the One Guyana vessel for ExxonMobil’s Yellowtail project, offshore Guyana.
Exxon seizes Yellowtail with fourth Guyana FID
ExxonMobil has taken its fourth final investment decision (FID) in Guyana on the Yellowtail project.
Noble execs get top billing with Maersk Drilling merger
Noble Corp. and Maersk Drilling have set out the executive team that will lead the new company, confirming Noble’s Robert Eifler as president and CEO.
Trinidadian fishing crew rescued by offshore support vessel
A crew of Trinidadian fisherman were rescued by Siem Offshore’s subsea vessel Siem Spearfish early on Sunday morning.
Valaris drillship collides with carrier
A Valaris drillship has broken free of its moorings and collided with a carrier vessel while docked in Mississippi.
Nine workers rescued from burning jack-up rig
The US Coast Guard came to the aid of nine oil workers trapped on a burning jack-up rig in Texas yesterday.
Valaris warns costly rig reactivations await after 2021 results
Offshore driller Valaris (NYSE: VAL) said its “transitional period” post-Chapter 11 bankruptcy will continue into the second quarter of this year as it deals with costly rig reactivations.
Stranded sailor swims five hours to oil platform after chance meeting with seal
A Californian man who toppled out of his boat in the middle of the night was able to swim to a nearby oil platform thanks to the help of a kind-hearted seal.
TotalEnergies scores another Suriname strike
TotalEnergies and APA Corp. have made a “significant” oil and associated gas discovery offshore Suriname, on Block 58.
The Essential Guide to Suriname Energy Investment
The Suriname-Guyana basin continues to be a focal point for hydrocarbon exploration and development, as evidenced by CGX Energy’s recent discovery at the Corentyne block, in line with Suriname’s Block 58. Indeed as frontier E&P remains at a comparatively low ebb, this represents one of few global hotspots, with an estimated 16bn barrels of recoverable resources discovered to date.
BW sends Brazilian FPSO to Indian yard for scrap
BW Offshore has signed a deal to recycle its BW Cidade de São Vicente at a yard in India, in compliance with the Hong Kong International Convention.
TotalEnergies to keep Maersk Valiant for more offshore Suriname
TotalEnergies has chosen to exercise an option with Maersk Drilling for another well in Block 58, offshore Suriname.
Saipem wins $1.1bn of offshore work in Australia, Guyana
Saipem has won two new offshore contracts, in Australia and Guyana, worth $1.1 billion, on the Scarborough and Yellowtail projects respectively.
Malaysia’s Yinson wins Brazil FPSO deal
Malaysia’s Yinson, an energy infrastructure and technology company, will provide a floating storage and offloading (FPSO) vessel to Enauta Energia for use at the Atlanta field in the Santos basin offshore Brazil in a deal worth at least $505 million.
Report sheds light on lifeboat incident which killed two on Shell oil platform
A report containing the findings of an investigation into a fatal accident on a Shell platform in the US has been released.
Petrobras orders SBM FPSO to extend Mero development
SBM Offshore has signed a contract with Brazil’s Petrobras on the delivery of a floating production, storage and offloading (FPSO) vessel on the Mero field.
Stena signs up to drill Exxon well off Canada
ExxonMobil Canada has signed a contract for the Stena Forth to drill one well offshore Canada in the second half of 2022.
Ida injures four on Globetrotter II, disrupts Houma heliport
Four workers on the Noble Globetrotter II have been evacuated after the drillship was caught up in Hurricane Ida.
Singapore’s Keppel wins $2.3bn FPSO deal from Brazil’s Petrobras
Singapore’s Keppel Offshore & Marine (Keppel O&M) will build one of the world’s largest floating production storage and offloading (FPSO) vessels for Brazil’s Petrobras after winning a contract worth $2.3 billion.
Qatar signs on to cut LNG carrier costs
Qatar Petroleum (QP) has signed a deal backing LNT Marine's LNG containment system for new medium and large LNG carriers.
SpaceX converting former Valaris rigs to spaceports
Two former Valaris rigs are set for a new role – as launch sites for SapceX’s next generation of rockets.
Fugro awarded Petronas contract for positioning services in Guyana-Suriname Basin
Fugro has clinched a contract with Malaysian oil firm Petronas for positioning services for an exploration programme in the Guyana-Suriname Basin.