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Month: October 2021

Occidental sells off Ghana assets for $750 million

October 14, 2021
| Archives

Occidental has agreed to sell its interests in two Ghana offshore fields for $750 million to Kosmos Energy ($550 million) and Ghana National Petroleum Corporation (GNPC) ($200 million), prior to closing adjustments to reflect an April 1, 2021 effective date. The sale to Kosmos closed upon signing and the sale to GNPC is expected to close in the fourth quarter of 2021. The

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Maersk Drilling named preferred contractor for the Greensand Danish offshore carbon storage project

October 14, 2021
| Archives

In extension of its commitment to participating in Phase 2 of the Greensand offshore carbon storage project, Maersk Drilling has entered a framework agreement with the Nini Joint Venture, operated by INEOS Oil & Gas Denmark and Wintershall Dea, covering the supply of drilling rigs for the project offshore Denmark. The agreement confirms Maersk Drilling as the preferred contractor with a right to all

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Constellation declared winner of Petrobras tender

October 14, 2021
| Archives

According to Esgian, an Oslo based company that provides analytical tools for the energy industry, noted that Constellation has been declared the winner of Petrobras' low spec tender with semisubmersible Gold Star and Lone Star. The low spec tender is expected to commence in Q2 2022 with a contract duration of 730 days or 1095 days, with

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Keppel Sete agreement goes into effect

October 14, 2021
| Archives

Keppel Corp announced that its Settlement Agreement with Sete Brasil is now effective. The subsidiaries of Keppel Offshore & Marine and Sete Brasil have agreed that EPC Contracts and all related agreements entered into shall be deemed to be amicably terminated with no need of any further acts and with no penalties, refunds and/or any additional amounts

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Expro deployed Octopoda annulus intervention system sets world record

October 13, 2021
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Expro has successfully deployed its OctopodaTM annulus intervention system to restore annulus pressure integrity and return a well to production in Piedemonte region, Colombia. The Octopoda system successfully reached 300 meters in the annulus, a world record depth, and sealed the C annulus of the well. This removed the risk of casing collapse and gas migration to enable

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Aquadrill awarded contract for the Capella

October 13, 2021
| Archives

Aquadrill and a subsidiary of Vantage Holdings International have reached an agreement to provide the Capella, an MPD outfitted 6th generation drillship, for a two well contract plus two priced optional wells for operations in Indonesia. The rig will be contracted to Premier Oil Andaman for one well and subcontracted to Repsol Andaman for a second well. The total contract value for the firm portion of

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Stena Drilling advances digital transformation with SmartChainServices blockchain technology partnership

October 13, 2021
| Archives

Stena Drilling, an independent drilling contractor, has acquired a minority stake in and formed a three-year technology partnership with SmartChainServices (SCS), a Cambridge-based (UK) blockchain technology start-up. The announcement follows a six-month proof of value project, where Stena Drilling applied the power of SCS’ ClearDapp™, a blockchain and smart contract technology, to reduce and eventually eliminate complex transactions related to

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IOG issues statement on Noble Hans Deul jackup

October 12, 2021
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IOG plc, provides a drilling update on the Southwark field, the third of its Phase 1 fields after Elgood and Blythe. Over recent days the Noble Hans Deul jack-up drilling rig mobilized to Southwark following completion of the Blythe production well. Early on Sunday 10 October, during routine jacking operations after arriving at the field, an issue was

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TechnipFMC awarded long term charter for pipelay vessel

October 12, 2021
| Archives

TechnipFMC has been awarded a substantial(1) long-term charter and services contract by Petrobras for the pipelay support vessel Coral do Atlântico. The Brazilian-registered vessel has been secured on a three-year contract, with an option to extend. Operations offshore Brazil are expected to begin in the second quarter of 2022. Coral do Atlântico is an important component of the Company’s leading flexible pipe ecosystem in

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Seadrill closes in on Petrobras two drillship tender

October 12, 2021
| Archives

Seadrill is close to winning two new charter contracts with Petrobras, rebuilding its business portfolio in Brazil. The oil company hammered out the contracting of the West Tellus and West Carina drillships, offered in the tender for 2,400 m units. West Tellus and West Carina will be chartered at daily rates of $161,655,841.51 and $169,340,117.10, respectively. The total

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