Contracts News

 

MODEC, Yinson Win FPSO Charters from Petrobras

Oct 16, 2019

Brazilian state-run oil company Petróleo Brasileiro S.A. (Petrobras) has signed letters of intent with Japan’s MODEC and Malaysia’s Yinson for charter contracts for two floating production, storage and offloading units (FPSO) for the Marlim field offshore Brazil.MODEC confirmed in a statement it has received a LOI for the supply, charter, and operations of the Marlim-1 FPSO, capable of processing 80…

TechnipFMC Wins EPCI Contract from Woodside

Oct 18, 2019

TechnipFMC announced on Friday it has been awarded an integrated engineering, procurement, construction and installation (EPCI) contract by Woodside for the development of the Pyxis and Xena fields, located offshore North West Australia.The contract…

Maersk Drilling Scores POSCO Contract

Oct 18, 2019

Maersk Drilling said it has secured a contract Korean operator POSCO International Corporation to operated the drillship Maersk Viking for a three-well campaign offshore MyanmarThe contract is expected to commence in the end of 2019, with an estimated duration of 154 days…

LLOG Orders 20k Trees for Shenandoah

Oct 15, 2019

US-based LLOG has ordered subsea trees designed for pressures up to 20,000 pounds per square inch (psi) for its deepwater Shenandoah development in the US Gulf of Mexico.The subsea trees, ordered from TechnipFMC on Tuesday, mark the first material…

TechnipFMC Wins EPC Contract from PetroVietnam

Oct 15, 2019

TechnipFMC announced on Tuesday it has been awarded a contract by PetroVietnam Gas for the engineering, procurement and construction (EPC) of the Nam Con Son 2 Phase 2 pipeline across Nam Con Son basin and Cuu Long basin in Vietnam.The scope…

Boa Offshore Wins AHTS Contracts

Oct 14, 2019

Norwegian offshore supply vessel owner Boa Offshore is awarded contracts by The Norwegian Defense Logistic Organization (FLO) to charter two vessels for the state’s emergency response preparedness.The BOA Group offered prime assets, the BOA BISON and the BOA JARL…

Sinomine Wins Equinor Contract

Oct 14, 2019

Sinomine Specialty Fluids (formerly Cabot Specialty Fluids) said it has signed a framework agreement with Equinor for supply of cesium drilling and completion fluids to the company’s operations on the Norwegian Continental Shelf. The contract…

Motive Offshore Wins Spooling & Inspection Work

Oct 14, 2019

Marine equipment fabrication and rental company Motive Offshore Group said its spooling and inspection division has secured a contract from TechnipFMC to provide global offshore inspection and wire rope services. The initial three-year contract includes the option for two one-year extensions…

Hedge Funds Turn Bearish on Oil: Kemp

Oct 14, 2019

By early last week, hedge funds had become the most bearish towards petroleum prices since the start of the year, as traders grew increasingly pessimistic about the global economy.Hedge funds and other money managers sold the equivalent of 95…

Chestnut Field Extended Up to Three Years

Oct 11, 2019

Partners Spirit Energy and Dana Petroleum will invest £140 million ($177 million) to extend the life of the Chestnut field in the UK North Sea by as much as three years.The companies announced on Friday that they reached a deal with Teekay to…

Halliburton Awarded License for Gravel Pack Completions

Oct 08, 2019

Oilfield services company Halliburton said it has been awarded an international license for ExxonMobil’s patented Non-Aqueous Fluid Gravel Packing (NAFPac) technique for gravel pack completions.Hole stability and shale inhibition are keys to successful installation of openhole completions…

Northern Drilling Cancels Drillship Resale Contract

Oct 08, 2019

Offshore drilling contractor Northern Drilling announced it has cancelled a resale contract for the 7th generation ultra deepwater drillship West Cobalt, which had been scheduled for delivery from South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) in 2021…

Groix and Belle-Ile OWF Selects MHI Vestas

Oct 07, 2019

MHI Vestas Offshore Wind, a joint venture between Vestas Wind Systems A/S and Mitsubishi Heavy Industries,  has been selected as the preferred supplier for the Groix & Belle-Île floating offshore wind project in France.At a royal signing ceremony today in Paris…

Jersey Awards Greater Buchan Contracts

Oct 07, 2019

UK focused independent upstream oil and gas company Jersey Oil & Gas said it has awarded contracts to consultancy Rockflow and services company Petrofac to support the Greater Buchan Area (GBA) development in the North Sea.Rockflow will provide subsurface evaluation support…

Keppel, Sembcorp Reach Deal with Embattled Brazil Firm

Oct 07, 2019

Singapore firms Keppel Corp and Sembcorp Marine said on Monday they had reached settlements with indebted Brazilian firm Sete Brasil over long-standing contracts to build drillships and rigs.Sete, which leased oil rigs to Brazil's state oil firm Petroleo Brasileiro SA (Petrobras)…

Current News

Schlumberger Profit Beats Estimates

Schlumberger Profit Beats Estimates

Petrobras Posts Another Major Production Boost

Petrobras Posts Another Major Production Boost

Eni CEO: No Future for Firms Working in Just O&G

Eni CEO: No Future for Firms Working in Just O&G

TechnipFMC Wins EPCI Contract from Woodside

TechnipFMC Wins EPCI Contract from Woodside

Partners Plan Floating Wind Farm in South Korea

Partners Plan Floating Wind Farm in South Korea

Maersk Drilling Scores POSCO Contract

Maersk Drilling Scores POSCO Contract

Woodside Makes FID for Pyxis Hub Project

Woodside Makes FID for Pyxis Hub Project

Magazine

Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

Archive
Subscribe

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week