Esgian has released its Week 5 Rig Analytics Market Roundup saying it was the week of rig moves, as several units completed their respective campaigns and moved on to ports either to wait for new assignments or to prepare for upcoming jobs. Meanwhile…
Oslo-listed offshore service company Argeo has informed that its DP2 vessel Argeo Searcher completed the deepwater inspection services at Shell’s Bonga field, and is scheduled to set sail to Indian Ocean for a job with India’s National Centre for Polar and Ocean Research (NCPOR)…
Copenhagen Infrastructure Partners (CIP) and Ignitis Renewables have placed the highest bid in Estonia’s auction-based competitive tender, securing the rights for the development of an offshore wind farm in the Liivi 1 seabed area.CIP and Ignitis Renewables placed the highest bid of $1…
TotalEnergies and its partners in the Danish Underground Consortium (DUC) have confirmed that Tyra II redevelopment project is on schedule to restart operations in March 2024.DUC – a partnership between TotalEnergies (operator, 43.2%), BlueNord (36…
U.S. Gulf of Mexico-focused oil and gas company W&T Offshore has completed the accretive acquisition of six oil fields in shallow waters of the Gulf of Mexico for $72 million.W&T Offshore was the successful bidder for certain synergistic assets in the Gulf of Mexico offered by MLCJR…
The U.S. Department of Energy's (DOE) Water Power Technologies Office (WPTO) and Wind Energy Technologies Office (WETO) have released a $14.5 million funding opportunity to support foundational research at higher education institutions related to marine renewable energies…
Offshore drilling contractor Stena Drilling has taken delivery of its 7th generation Stena Evolution ultra-deepwater drillship from Samsung Heavy Industries.After a decade in the making, Stena Evolution drillship has finally been completed and is ready for its first job…
The European Union has built 17 GW of new wind energy in 2023, with 3 GW of new capacity coming from offshore wind farms.The WindEurope data shows that Germany built the most new wind capacity followed by the Netherlands and Sweden. The Netherlands built the most new offshore wind…
Norwegian government has offered 24 companies ownership interests in 62 production licenses on the Norwegian shelf in pre-defined areas (APA) 2023, Norway's regulator of the petroleum resources informed.The awards, unveiled on January 16, 2024…
Guyana said it expects to receive some $2.1 billion from oil exports and $320 million from royalties this year as crude production continues to rise, an increase from the $1.62 billion received in 2023.The South American nation's gross domestic product is expected to increase by 34…
Gale-force winds and high waves from a storm led to the listing of an elevated liftboat in the Gulf of Mexico, the National Transportation Safety Board (NTSB) said Wednesday. Damage to the vessel and cargo was estimated at $6.9 million.On November 20…
Petronas, through its subsidiary PC Ketapang II, has secured a 20-year extension of the Production Sharing Contract (PSC) for the Ketapang Working Area, located in the Java Sea.Due to expire in 2028, the Ketapang PSC extension was officially…
It was a busy week in the offshore drilling sector as new work was secured by Noble and Valaris rigs, reports Esgian in its Week 2 Rig Analytics Market Roundup.ContractsLLOG has exercised a six-month option for Noble 12,000-ft drillship Noble Valiant in the US GOM…
Portuguese oil and gas company Galp has reported preliminary signs of hydrocarbon presence in an exploration well being drilled offshore Namibia.Galp (operator, 80%) and its partners NAMCOR and Custos (10% each) initiated the drilling campaign in PEL 83…
Offshore drilling company Valaris has secured approximately $1.14 billion in new contracts and contract extensions for its drillships and jack-up rigs across the Americas, Europe and Australia.The $1.14 billion worth contracts were awarded in the last two months of 2023…
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