Westwood Global Energy Group expects rig demand to increase around the world but with no rapid increase in dayrates.
Rigs & Vessels
The Canadian government has approved Equinor’s Bay du Nord project, albeit with the strongest ever greenhouse gas conditions.
Drilling rig operator Valaris has secured a series of new contracts and contract extensions worth some $181 million in backlog.
SBM Offshore has won work on the One Guyana vessel for ExxonMobil’s Yellowtail project, offshore Guyana.
ExxonMobil has taken its fourth final investment decision (FID) in Guyana on the Yellowtail project.
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.
A crew of Trinidadian fisherman were rescued by Siem Offshore’s subsea vessel Siem Spearfish early on Sunday morning.
A Valaris drillship has broken free of its moorings and collided with a carrier vessel while docked in Mississippi.
The US Coast Guard came to the aid of nine oil workers trapped on a burning jack-up rig in Texas yesterday.
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.
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 and APA Corp. have made a “significant” oil and associated gas discovery offshore Suriname, on Block 58.
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 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 has chosen to exercise an option with Maersk Drilling for another well in Block 58, offshore Suriname.
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, 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.
A report containing the findings of an investigation into a fatal accident on a Shell platform in the US has been released.
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.
ExxonMobil Canada has signed a contract for the Stena Forth to drill one well offshore Canada in the second half of 2022.
Four workers on the Noble Globetrotter II have been evacuated after the drillship was caught up in Hurricane Ida.
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 Petroleum (QP) has signed a deal backing LNT Marine's LNG containment system for new medium and large LNG carriers.
Two former Valaris rigs are set for a new role – as launch sites for SapceX’s next generation of rockets.
Fugro has clinched a contract with Malaysian oil firm Petronas for positioning services for an exploration programme in the Guyana-Suriname Basin.