Italian offshore services firm Saipem has won two offshore drilling contracts, one in the Middle East and one in the Mediterranean Sea, worth about $550 million in total.In the Middle East, Saipem said it had ensured the continuity of the ongoing…
Houston-based Third Coast Super Holdings has acquired an indirect 26.5% non-operated interest in the Perdido offshore platform in the U.S. Gulf of Mexico from ArcLight Energy Partners Fund VI, L.P., a private equity fund managed by ArcLight Capital Partners…
Offshore installation services firm McDermott has won a contract for an offshore transportation and installation project with Shell in Malaysia.The pipelay and heavy lift project offshore Sarawak in East Malaysia, awarded by Sarawak Shell Berhad (SSB)…
South Korea’s HD Hyundai Heavy Industries Co., Ltd. said Monday in a stock exchange announcement that it had received a contract to build a floating production unit for a client in Mexico.The contract, awarded by an oil developer in Mexico, is worth 1…
Offshore drilling contractor Borr Drilling announced it has secured a contract extension for its jack-up drilling rig Mist from Valeura Energy in Thailand.The contract extension covers a firm term of 9 months starting in direct continuation…
More Norwegian oil and gas drilling rig workers warned last Friday of potential strike action [this] week as unions and employers prepared to negotiate over wages, although any labor conflict was still unlikely to affect oil and gas output. The…
Offshore drilling firm Seadrill said Monday it was in active discussions to sell jack-up rigs West Castor, West Telesto, and West Tucana.The three jack-ups which are bareboat chartered by Seadrill to Gulfdrill, a 50:50 joint venture between Seadrill and Gulf Drilling International…
Guyana-focused oil and gas companies CGX Energy and Frontera Energy Corporation said Wednesday they had discovered oil at the Wei-1 well, on the Corentyne block, approximately 200 kilometers offshore from Georgetown, Guyana. 'The Joint Venture…
Norwegian offshore vessel operator Solstad Offshore has officially exited the platform supply vessel business.Namely, the company on Wednesday completed the sale of its PSV fleet to the U.S. offshore vessel firm Tidewater for approximately $580 million…
Offshore engineering and design company Sevan, best known for designing cylindrical offshore facilities such as FPSOs and offshore rigs, and which in 2021 announced entry in the floating wind game with its SWACH floating wind foundation design…
KCA Deutag announced it has been awarded new contracts and extensions with a total value of over $70 million, with existing clients for the provision of drilling and maintenance services in the U.K. North Sea.The awards, each ranging from two…
Oslo-based offshore drilling contractor Dolphin Drilling announced Thursday it had reached a deal to acquire two semi-submersible drilling rigs, the Paul B. Loyd Jr. and the Transocean Leader from Transocean for a total of $61.5 million (plus an additional $3 million)…
Offshore drilling firm Seadrill on Wednesday announced it has agreed to sell three tender-assist units to Singapore's Energy Drilling Pte Ltd for a total of $85 million in cash.The units are the semi-tender West Vencedor and tender rigs T-15 and T-16…
Offshore drilling rig service and inspection firm ModuSpec has won a contract to support the intake of a stranded new-build jack-up drilling rig.The jack-up was originally constructed in 2020 in Singapore and has remained stranded in the construction…
Trinidad & Tobago-based oil and gas company Trinity Exploration & Production Trinidad and Tobago has commissioned Petrofac to undertake a Concept-Screening to develop further reserves in its Galeota Block, offshore East Coast Trinidad.The Galeota…
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