Foxtrot International News

 

Borr Drilling Bags Three New Assignments for its Jack-Up Drilling Rigs

Apr 08, 2025

Offshore drilling contractor Borr Drilling has secured new contract commitments for three of its premium jack-up rigs, with other rigs in its fleet also preparing for drilling jobs across the world.Borr Drilling secured new contract awards for the rigs Thor, Gerd and Norve, with an expected combined duration of 774 days and estimated contract revenues of approximately $120 million, excluding mobilization and demobilization fees…

Viaro Energy Appoints Exceed as Well Operator for Over 190 North Sea Wells

May 12, 2025

U.K.-based oil and gas company Viaro Energy has appointed Exceed as well operator for over 190 wells which will comprise Viaro’s One Gas West assets following completion of the acquisition from Shell and ExxonMobil.Exceed will manage all aspects of late life well operations…

Floatel International Sells Laid Up Accommodation Rig

Mar 19, 2025

Offshore accommodation rig provider Floatel International has finalized the sale of semi-submersible accommodation rig Floatel Reliance, which has been in lay-up since April 2016.The firm contract follows the previously announced agreement in…

ADNOC Exploring International Listing of Its Investment Arm XRG

Mar 10, 2025

Abu Dhabi National Oil Company is considering listing its international investment arm XRG on an exchange outside of the United Arab Emirates, three people with knowledge of the matter said, potentially creating one of the largest listed energy companies globally…

International Consortium Secures Work on LNG Scheme off Mozambique

Sep 30, 2024

McDermott, through a consortium with Saipem and China Petroleum Engineering and Construction Corporation, has been awarded a front-end engineering design (FEED) contract for the Rovuma LNG Phase 1 project in Mozambique.The project is a joint venture between ExxonMobil Development Africa…

Baker Hughes Beats Quarterly Profit Estimates on International Demand

Jul 30, 2024

Oilfield services firm Baker Hughes beat analysts' estimates for second-quarter profit on Thursday, powered by higher demand for its drilling services and equipment in international markets.The results echo those from SLB and Halliburton, as…

Esgian Week 19 Report: New Offshore Acreage Offered

May 12, 2024

Esgian reports another busy week filled with a variety of updates, including new offshore acreage offered in the UK, Norway and Nigeria, in its Week 19 Rig Analytics Market Roundup.Report SummaryContractsADES Holding Company has received a direct…

Oilfield Firm SLB's Profit Rises on International Drilling Demand

Apr 19, 2024

Top oilfield services firm SLB reported a 14% rise in first-quarter profit on Friday, as strong international oil and gas drilling demand helped offset a slowdown in North America activity.Companies such as SLB have gained from a rise in demand…

Craig International Wins Contract with QatarEnergy LNG

Apr 04, 2024

Oilfield procurement specialist Craig International has secured a contract with QatarEnergy LNG, underpinning the company’s growth in the Middle East.The scope of Craig International’s contract with QatarEnergy LNG covers sourcing and supplying products and services for maintenance…

Esgian Week 6 Report: New Contracts and a New JV

Feb 11, 2024

Esgian has released its Week 6 Rig Analytics Market Roundup saying that several new contracts have been confirmed across three major types of offshore drilling rigs and an interesting new joint venture between an operator and a rig owner has been announced…

Fugro Gains Full Ownership of SEA-KIT International

Nov 28, 2023

Fugro announced it has reached a binding agreement for the acquisition of the remaining shares in SEA-KIT International, a long-standing partner in the development of uncrewed surface vessels (USV) for low carbon emission maritime operations and research…

Baker Hughes Beats Profit Estimates on International Demand

Oct 25, 2023

U.S. oilfield technology firm Baker Hughes beat third-quarter profit estimates on Wednesday, driven by strong demand for its services and equipment in international markets.Energy firms booked record profits last year following a spike in commodity…

Oilfield Service Providers to Get Lift from International, Offshore Demand

Jul 18, 2023

The Big three oilfield services (OFS) companies will likely report higher profits for the second quarter as resurgent demand in international markets and strong offshore drilling helped counter tepid activity in North America.Baker Hughes, Halliburton…

Malaysia's Anti-graft Agency Says Probing Petronas, International Oil Firm

May 26, 2023

Malaysia's Anti-Corruption Commission (MACC) on Friday said it is investigating allegations of corruption involving state oil firm Petronas and an international oil and gas company.Petronas has cooperated fully with the commission in the investigation…

Portugal's Offshore Wind Potential Attracting Investment from Top International Firms

Feb 10, 2023

Renewable energy developer and fund manager Copenhagen Infrastructure Partners (CIP) intends to invest 8 billion euros ($8.6 billion) in a large offshore wind power park in Portugal that is preparing its first auction of such concessions. CIP…

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