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Month: August 2021

Transocean lands contract for newbuild Deepwater Atlas

August 26, 2021
| Archives

Transocean Ltd. announced today that BOE Exploration & Production LLC (“BOE”) awarded Transocean a $252 million firm contract for its newbuild ultra-deepwater drillship, the Deepwater Atlas, including a mobilization fee of $30 million. Additionally, the contract provides for a significant performance bonus opportunity based upon agreed operating metrics. This award results from the final investment decision of BOE and the Shenandoah working interest owners to

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US Oil and Gas leasing program to resume in September

August 25, 2021
| Archives

Last week, the United States appealed the preliminary injunction entered by the district court in Louisiana v. Biden, which enjoined the Department of the Interior from implementing the pause in new federal oil and gas leasing as set forth in Section 208 of Executive Order 14008. The federal onshore and offshore oil and gas leasing program will continue as

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BW Energy makes new discovery offshore Gabon

August 25, 2021
| Archives

E&P company BW Energy has made an oil discovery in the Hibiscus North exploration well (DHBNM-1) in the Dussafu Block offshore Gabon. The well is located approximately 6 km north-northeast of the Hibiscus discovery well DHIBM-1 in approximately 115 metres of water depth. The company announced the spudding of the well on 28 July 2021. The well will be drilled to

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Texas adds on 1,500 upstream oil and gas jobs in July

August 25, 2021
| Archives

Texas’s upstream oil and natural gas sector added 1,500 jobs in July, continuing its monthly growth trajectory, the Texas Workforce Commission reports. The state also adjusted June’s job gains, noting 500 more jobs were added than initially reported in the upstream sector, from 3,100 to 3,600. Since the low employment point in September 2020, there have been eight

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DOF bags long term contracts with Petrobras

August 24, 2021
| Archives

DOF Subsea is pleased to inform that Petrobras has awarded the pipelay support vessels (PLSVs) Skandi Vitória and Skandi Niteroi a 3 year firm plus option contract for each vessel, via JV partner TechnipFMC and via Norskan Offshore Ltda (a fully owned DOF ASA Company) respectively. Both vessels are Brazilian-built and flagged and owned by DOFCON Navegação Ltda., a

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ADNOC signs 8 companies to $1 billion worth of engineering contracts

August 24, 2021
| Archives

The Abu Dhabi National Oil Company (ADNOC) has signed framework agreements for Concept and Front-End Engineering Design (FEED) services for major projects across its full value chain to support the delivery of its 2030 strategy.  The framework agreements – which were signed with eight top-tier global engineering contractors – have a combined scope worth up to $1 billion (AED 3.67 billion) and the potential

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Maersk orders 8 methanol burning container vessels able to carry 16k CCUs each

August 24, 2021
| Archives

A.P. Moller-Maersk said on Tuesday it had ordered eight vessels which are able to run on carbon-neutral methanol to accelerate the decarbonization of its fleet and meet increased customer demand for greener transportation. The Danish company has vowed to only order new vessels which can use carbon-neutral fuel as it seeks to deliver net-zero emissions by 2050. As vessels

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Rig Lynx Weekly Rundown – Northern Drilling pulls out of newbuild West Aquila

August 24, 2021
| Weekly Rundown

Northern Drilling pulls out of newbuild West Aquila West Aquila Inc., the 100% owned subsidiary of Northern Drilling Ltd has notified Daewoo Shipbuilding & Marine Engineering Co. Ltd (“DSME”) that it has cancelled the resale contract for the 7th generation ultra deepwater drillship West Aquila due to delay of delivery as well as repudiatory breach of contract. Read More Island

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DOF Subsea secures contract extension offshore Africa

August 23, 2021
| Archives

DOF Subsea has received a 6-month extension to a contract in Africa. The project will continue to use Skandi Seven throughout the extended duration, delivering integrated FSV services, project management, engineering, procurement and logistical services within deep-water construction and maintenance of existing subsea infrastructure. Source: EP Join our mailing list here

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Frontera spuds in Kawa 1 offshore Guyana with Maersk Discoverer

August 23, 2021
| Archives

Frontera Energy and CGX Energy, joint venture partners in Petroleum Prospecting Licenses for the Corentyne and Demerara blocks offshore Guyana, have announced the spudding of the Kawa-1 exploration well in the Corentyne block, offshore Guyana. Additionally, the Joint Venture has exercised its option to drill a second well with Maersk Drilling through the use of Maersk Discoverer. Gabriel de Alba, Chairman of Frontera's Board

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