The drive to secure additional energy supplies in the East Mediterranean was a rare case of hydrocarbons aiding, rather than hindering, a political agreement, Energean head Mathios Rigas said this morning.
Rigs & Vessels
Germany has signed a five-year contract for an FSRU, with US-listed Excelerate Energy.
Chevron and partners have signed up to develop the Aphrodite field, offshore Cyprus, with drilling due to start in the first half of 2023, while political talks are continuing.
It could soon cost half a million dollars a day to hire an offshore rig, according to executives in the industry, in a stunning turnaround for day rates since Covid.
A new group is launching today with a focus on managing methane emissions in shipping, using LNG as a fuel.
Germany's government has secured the delivery of a fifth FSRU in a bid to tackle the country's gas challenge.
A Chevron team has visited Cyprus today to talk about developing the Aphrodite field, in the island’s exclusive economic zone (EEZ).
Saipem (MI:SPM) shares have plunged around 70% from July 11 after the company acknowledged demand for additional shares was less than expected.
Frontline has struck a deal with Euronav for a potential merger, in an all share offer that would value each Euronav share at around $12.09.
Borr Drilling (NYSE: BORR) has signed a deal to sell three jackup oil rigs for $320 million.
NYSE-listed International Seaways has completed the sale of a 50% stake in two FSOs in Qatar to Euronav.
The offshore drilling rig market is “much tighter” than previously thought, according to new analysis, with some segments “nearly sold-out”.
No “significant structural damage” to the Saipem 7000 has been uncovered after the vessel endured a major lifting malfunction last week.
ExxonMobil has made a good-quality gas find at its block offshore Cyprus, on the Glaucus-2 well.
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.
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.
Following a string of delays, Sembcorp Marine has completed construction of the hull and living quarters for the Johan Castberg unit, which has now begun dry transport from Singapore to Norway.
Stena Drilling has secured a new contract with TotalEnergies for the Stena Spey unit, which will begin a UKCS campaign in the spring.
Sevan SSP has announced that its concept has been chosen for the Equinor-operated Wisting field in the Barents Sea.
There are “too many rigs and too many players” in the drilling industry, Maersk Drilling CEO Jørn Madsen has said.
Leif Höegh & Co. (LHC) in a joint venture with Morgan Stanley Infrastructure Partners have made a 23.5 krone ($2.73) per share offer for Höegh LNG Holdings.
Borr Drilling said in its new fleet status report that it had added $35.1 million over 480 days to its total backlog.
Bourbon Maritime has emerged from bankruptcy and reorganisation, under which 1.5 billion euros ($1.83bn) of debt was cut.