Atlas News

UK, Norway Offshore O&G Sectors to See Modest Rise in Investment in 2021

Dec 21, 2020

After a turbulent 2020 for the oil and gas industry, 2021 is expected to see a modest rise in investment in the UK and Norway offshore sectors, assuming a US$50 per barrel average oil price.Exploration activity could recover to 2019 levels and investment in new developments is set to increase…

Don’t Go Chasing (Deep) Waterfalls: The Future of Drillship Financing

Oct 14, 2020

The oil majors’ retreat from frontier plays limits future drillship demand with deepwater, investment looks limited to Brazil and Guyana, writes Gregory Brown, Maritime Strategies International.The future of offshore deepwater investment is under the microscope…

Equinor's Exec Joins TechnipFMC Board

Oct 02, 2020

Margareth Øvrum, Executive Vice President of Equinor's Development and Production Brazil business, has joined the oilfield services firm TechnipFMC's Board of Directors, effective October 1, 2020.Øvrum, 62, has over 38 years of experience at the Norwegian energy giant…

Siem Offshore PSV Duo Wins Long-term Charters with Total in Brazil

Sep 11, 2020

French oil company Total has awarded two-year contracts to Norway's Siem Offshore for the Siem Atlas and Siem Giant platform supply vessels.Siem Offshore said on Friday that, apart from the two firm two-year deals for the PSV Duo, Total's Brazilian…

Transocean's 20k PSI Newbuild Drillships to Cost $2,25B

Jul 31, 2020

Offshore drilling company Transocean expects its two ultra-deepwater drillships under construction in Singapore to cost it $2,25 billion in total, more than a double on the original order price.Transocean first ordered the drillships - now named…

Transocean Posts $487M Loss on Impairments. Revenues Rise on Dispute Settlement

Jul 30, 2020

Deepwater drilling company Transocean reported a second-quarter net loss of $487 million, mostly on impairment of assets. The adjusted net loss was $1 million, an improvement from an adjusted loss of $187 million in the previous quarter.Total contract drilling revenues were $930 million…

Gulf of Mexico: Blackstone to Raise Stake in Shenandoah

Jul 28, 2020

Israel's Navitas Petroleum said on Tuesday the Blackstone Group signed a preliminary deal to raise its stake in a drilling project in the Gulf of Mexico to 47% from 16%.Navitas had partnered with U.S. oil firm LLOG and Blackstone's portfolio…

Hurricane Energy Terminates Paul B. Loyd Rig Contract

Jul 16, 2020

UK-focused oil and gas company Hurricane Energy has terminated the contract for Transocean's Paul B. Loyd Jr. semi-submersible drilling rig.In its fleet status report issued on Wednesday, Transocean said that Hurricane Energy had terminated…

Deepwater Atlas Drillship Tipped for Shenandoah Drilling, Transocean Confirms

Jul 15, 2020

Offshore drilling contractor Transocean has confirmed that its under-construction drillship Deepwater Atlas is expected to drill at the Shenandoah project in the Gulf of Mexico.To remind, Navitas, a partner in the project, said earlier in July…

LLOG Charters Transocean Rig for Shenandoah Drilling

Jul 03, 2020

U.S. oil company LLOG has chartered a Transocean drilling rig for the drilling of wells at the Shenandoah project in the Gulf of Mexico.The news was announced on Thursday by Navitas, LLOG's partner in the project (PDF in Hebrew), who said the contract was for four development wells…

PGS Wraps Brazil Seismic Shoot. Breaks Spread Record

Jun 16, 2020

Norwegian seismic acquisition company PGS has said that its Ramform Titan has completed a seismic survey project in Brazil, breaking a streamer spread record in the process.The company said Tuesday that it had completed the survey on the first…

PGS Gearing Up for Three New Surveys Offshore Canada

May 18, 2020

Norway's PGS has said it will carry out three new seismic surveys off the east coast of Canada this summer, using its Ramform Atlas and the Ramform Titan vessels.PGS said Monday that the new surveys, Blomidon, South Bank, and Torngat Extension…

Northern Lights Partners Drill Wildcat for CO2 Storage

Nov 29, 2019

Partners in the Northern Lights project will drill an exploration well south of the Troll field in the North Sea with the objective to not find oil and gas.Wildcat well 31/5-7 Eos is being drilled to investigate whether the reservoir in the…

ROV in Residence

Nov 14, 2019

Remote operated vehicles (ROV) have become standard workhorses for the offshore industry, providing vital support to underwater operations, from drilling to servicing the latest subsea processing technologies. But, they’re now undergoing a transformation…

New Find Opens Doors for Equatorial Guinea

Aug 30, 2019

The new discovery offshore Equatorial Guinea’s Block 1 by US-based exploration and production company Noble Energy puts the West African country on the road to reversing declining oil and gas output should the project be turned into a viable commercial venture…

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