As we’re approaching the end of 2023, it’s thus far been another noteworthy year for the rig market’s ongoing recovery. The year has brought a further 3% increase in global marketed utilization versus 2022, a demand increase of 29 rigs, a 7% uptick in average contract duration, 16 further reactivations and newbuild deliveries, and not to mention floating rig dayrates exceeding the ‘magical’ $500,000 mark.
Koil Energy Solutions, Inc., an international specialist in subsea energy equipment and services, announces the acquisition of a significant order for a groundbreaking design of steel tube flying leads of extended lengths directly from an operator.
Halliburton Company announced it will work with Libra Consortium, led by Petrobras, to develop a digital twin for a pre-salt field system in Brazil. The Libra digital twin will help the consortium reduce capital expenditures, accelerate production times, and improve crude oil recovery rate using new insights obtained in a real-time environment.
In the bustling offshore oil and gas industry of Malaysia, a leading service provider, HGIS, found themselves facing a pressing challenge. They serve remote offshore sites owned by leading energy operators, and their goal was to transmit crucial data from these sites to the mainland in a synchronized manner.
Subsea7 has announced the award of a sizeable1 extension of an existing frame agreement by bp, for subsea construction, inspection, repair and maintenance services (IRM), across bp’s North Sea assets.
The launch at COP28 of the landmark Oil and Gas Decarbonization Charter (OGDC), a global industry Charter dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sectors, firmly put the spotlight on the millions of tons of methane (CH4) pumped into the atmosphere during oil and gas operations.
Norwegian Diving Contractor, SubseaPartner, has been awarded a substantial contract for the 2024 season. The work is awarded by OceanInstaller for end-client Vår Energi as part of the Balder Future Project.
On the occasion of the “Eliminating Methane Emissions by 2030” roundtable partnered by the COP28 Presidency, TotalEnergies announces the signing of three cooperation agreements with National Oil & Gas Companies (Petrobras in Brazil, SOCAR in Azerbaijan and Sonangol in Angola) to carry out methane detection and measurement campaigns using the AUSEA technology on oil and gas facilities in Brazil, Azerbaijan, and Angola.
Trendsetter Engineering, Inc. (TEI) announces a contract award by Woodside Energy to provide several subsea manifolds with foundations, valves, and connection systems to support their Trion project off the coast of Mexico. This contract award follows a detailed engineering phase kicked off in 2022 to refine critical components of the project.
SteelTrace has made a significant achievement in collaboration with Subsea7. This partnership marks a milestone as SteelTrace embarks on its first pipeline project in the North Sea, reinforcing its commitment to increasing efficiency and quality standards while meeting the digital needs of the operator.
Prysmian, a world leader in the energy and telecom cable systems industry, after a competitive tender has been awarded a contract worth over €100 million by Petrobras to provide 170 km of deep-water electro-hydraulic umbilicals and the related specialized offshore and logistic services.
The Norwegian Petroleum Directorate (NPD) has conducted a mapping of gas resources that, for various reasons, have yet to be developed. Several of these discoveries could be produced in a manner that is profitable from a socio-economic perspective.
Equinor has entered into an agreement to acquire Shell’s equity in and operatorship of the Linnorm discovery in the Norwegian Sea.
Transocean Ltd. announced a minimum 540-day contract for the Transocean Barents with OMV Petrom S.A. in the Romanian Black Sea at a rate of $465,000 per day, excluding additional services.
TDI-Brooks successfully completed and safely performed multiple shallow hazard surveys off the East Coast of Trinidad for Perenco T&T Limited. TD-Brooks’ research vessel RV PROTEUS operated geophysical survey equipment such as 2DHR seismic, side scan sonar, magnetometer, sub bottom profiler and multi-beam echosounder.
AGR has secured the well management contract with Apus Energia Guinea-Bissau S.A. for a deepwater exploration well in the Sinapa license offshore Guinea-Bissau, with drilling set to commence in summer 2024.
The Ocean BlackRhino ultra-deepwater drillship has been contracted by Apus Energia Guinea-Bissau S.A. for the upcoming drilling campaign.
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.