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Month: December 2021

Rig Lynx Weekly Rundown – Shell confirms Deepwater Pontus BOP incident

December 20, 2021
| Weekly Rundown

Shell confirms Deepwater Pontus BOP incident Shell has confirmed that Transocean drillship Deepwater Pontus has been forced to stop working since losing a blowout preventer (BOP) when completing a well late last month. Read More Borr lands new work for the Norve and Thor jackups Borr Drilling has secured a contract for the “Norve” with BW Energy and secured a Letter

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Island Drilling awarded work for the Innovator

December 20, 2021
| Archives

According to Esgian, an Oslo based company that provides analytical tools for the energy industry, noted that Petrofac has awarded Island Drilling Company AS a contract to conduct a workover on Tailwind Energy’s Orlando Field with semisub Island Innovator in Q2/Q3 2022. Island Innovator is a 6th generation Harsh Environment rig delivered in 2012. In addition, the

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Subsea 7 awarded Australia and North Sea projects

December 20, 2021
| Archives

Subsea 7 has announced the award of a large(1) contract to Subsea Integration Alliance(2) by Woodside, as Operator for and on behalf of the Scarborough Joint Venture(3), for the Scarborough project, located approx. 380km offshore North West Australia. The project work scope covers the engineering, procurement, construction, and installation (EPCI) of subsea pipelines and production systems. The development will include 45 kms of rigid flowlines, six

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Wood brings in $160 million worth of North Sea contracts

December 20, 2021
| Archives

Wood has further strengthened its position as the leading partner for operations solutions in the UK North Sea following a series of contract awards with key clients in the fourth quarter of 2021, including Shell UK and Dana Petroleum. The series of awards, collectively valued at around $160m, will see Wood leverage its rich heritage and expertise in North Sea energy infrastructure to

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Brazil lease auction brings in $2 billion

December 20, 2021
| Archives

France's TotalEnergies, Royal Dutch Shell, Malaysia's Petronas and Qatar Energy on Friday scooped up big offshore fields in Brazil together with state-owned Petrobras, paying nearly $2 billion to its cash-strapped government. While TotalEnergies (28%), Qatar Energy (21%) and Petronas (21%) made the top offer for Sepia field, Petrobras, formally Petroleo Brasileiro SA, later entered the consortium by exercising

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Fishing and oil industry fight Vineyard Wind project offshore U.S.

December 20, 2021
| Archives

Members of the U.S. commercial fishing industry are teaming up with an oil industry-backed lobbying group to fight offshore wind energy development on the East Coast, according to documents reviewed by Reuters and interviews with people involved. The unusual alliance reflects the breadth of opposition President Joe Biden faces as his administration pushes to expand offshore wind power

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Maersk Drilling and Aker BP extend 5 year commitment for jackups

December 20, 2021
| Archives

Maersk Drilling and Aker BP ASA have entered into a Heads of Agreement to renew and extend the frame agreement that establishes Maersk Drilling as the jack-up rig drilling partner. The agreement confirms Aker BP’s and Maersk Drilling’s commitment to renew the frame agreement by a five-year period and includes a commitment from Aker BP for the

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Guyana delivers draft of new local content bill

December 17, 2021
| Archives

Guyana's government delivered to the National Assembly the draft of a local content bill that will regulate its nascent oil industry, proposing requirements beginning at 5% by the end of 2022 for activities to be carried out by contractors and licensees. The proposed policy, seen by Reuters, relaxed some of the minimum requirements that a previous bill draft

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Latin America offshore auction kicks off

December 17, 2021
| Archives

Latin America's oil frontiers are back in the spotlight with auctions coming up in Brazil, Guyana and the Andean region that are expected to attract bids from major oil firms despite a global call to end fossil fuel development. Brazil is set to receive bids on Friday for offshore oil reserves that analysts say are some of the

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