A Norwegian newcomer with ties to Seadrill, Borr Drilling, is set to acquire Transocean’s entire jackup fleet, including newbuilds, in a US$1.35 billion deal. The Constellation II jackup. Image from Transocean…
Fugro is teaming up with TGS to conduct the Otos survey in the Gulf of Mexico to pull together a complete picture of geological features, including hydrocarbon seeps. The Fugro Brasilis. Images from Fugro…
Diamond Offshore has won its case in a Brazilian court against the state oil firm Petrobras regarding the early termination of the Ocean Valor semisubmersible. Image of the Ocean BlackHawk, from Diamond Offshore…
Solstad Offshore signed a contract with Repsol Sinopec Resources UK for hire of the Normand Jarstein construction service vessel for a period of 90 days firm, with further 60 days options. The contract is set to start at the end of April 2017.
GustoMSC has unveiled its latest jackup design for the NG-5500X-LD self-propelled jackup, the NG series. Illustration of the NG-5500X-LD self-propelled jackup, from GustoMSC. Based…
Odfjell Drilling received a letter of intent for use of the Deepsea Bergen semisubmersible for one firm high-pressure, high-temperature well on the Norwegian Continental Shelf (NCS). Image of the Deepsea Bergen…
Shearwater GeoServices Norway has signed two separate deals offshore Norway, and in the Asian Pacific region. Image of the Polar Marquis, from Shearwater. Shearwater received…
The technology group Wärtsilä has signed a five-year technical management and services agreement with Songa Offshore for four Cat-D type semisubmersible drilling rigs operating in the North Sea. Songa Encourage…
In recent years, the speed with which newbuild vessels have entered the market has amplified the subsea vessel demand/supply imbalance. This has been further exacerbated by sustained low oil prices, as operators defer the sanctioning…
Seadrill reached a US$170 million settlement agreement with Hyundai Samho Heavy Industries (HSHI) in relation to the West Mira arbitration. Seadrill said it receive a cash payment of $170 million this month as full settlement of the dispute…
Seadrill has secured a one-well contract with Total E&P Cyprus B.V. for the West Capella, offshore Cyprus. The contract is expected to start in 2H 2017 and backlog, estimated at 50 days, is expected to be approximately US$10 million. The…
Global Maritime Consultancy and Engineering has appointed Espen Thomassen as regional manager for the Americas. Thomassen will grow Global Maritime’s business throughout the region, which - in addition to Houston - includes offices in Brazil and Canada…
Motive Offshore Group has expanded its business with a six figure investment in a quayside fabrication facility in Dundee Port. After successfully negotiating with the port to take over the site, which boasts a deepwater quay side facility…
Solstad Offshore in Singapore awarded IKM Subsea Singapore a service contract to provide remotely operated vehicle (ROV) services onboard the derrick lay barge Norce Endeavour for construction support projects offshore in Thailand (hat-trick award from 2015)…
Norway's Petroleum Safety Authority (PSA) has granted Statoil consent to drill a fourth well at Snøhvit with the Songa Enabler semisubmersible vessel in the Barents Sea. The Songa Enabler. Image from Songa Offshore…
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