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Month: March 2022

Sparrows being acquired by Altrad Group

March 2, 2022
| Archives

Global engineering and maintenance specialist Sparrows Group has entered into an agreement to be acquired by Altrad Group, a leading industrial services provider. The transaction will include the acquisition of Sparrows’ wind energy business Alpha and is an important development in Altrad’s global growth ambitions, further strengthening its position in the offshore, renewables and industrial sectors while also enhancing Altrad’s operations

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Rig Lynx Monthly Rundown – Top Articles for February

March 1, 2022
| Monthly Rundown

Our top articles for February are out and they go through recent developments with Transocean, Saipem, KCA and Constellation. Thanks for reading with us and we wish you a wonderful March going ahead Stay safe! Transocean updates on the Deepwater Titan Transocean recently announced that the drydocking for the 8th generation Deepwater Titan has been completed in Singapore at the

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Enauta adds on two more wells to Alpha Star contract

March 1, 2022
| Archives

Enauta has exercised the option for the Alpha Star drilling rig to drill two wells for Atlanta’s Full Development System, in the Santos Basin, offshore Brazil. Earlier this month it had hired the Alpha Star semi-submersible drilling rig to drill the fourth production well at its Atlanta field in the Santos Basin, offshore Brazil, with an option for two

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Petronas shows 74% revenue increase across December

March 1, 2022
| Current News

Malaysia’s state energy firm Petroliam Nasional Berhad, or Petronas, on Tuesday swung to a fourth-quarter profit of 13.4 billion ringgit ($3.20 billion), compared with a loss of 1.1 billion ringgit in the same period a year ago. Revenue rose 74% to 76.6 billion ringgit in the December quarter, due mainly to favorable prices for all products, the company

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Eni to start drilling at Vietnam’s Dan Tranh-1X well late March

March 1, 2022
| Archives

Eni Vietnam B.V., a unit of Italian energy group Eni, will start drilling at the Dan Tranh-1X well in Vietnam’s offshore oil block 114 from late this month, state oil firm PetroVietnam said on Tuesday. PetroVietnam will invite Essar to bid for Vietnam’s other offshore blocks late this year or early next year, the company said in a

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Peterson bags new logistics contract with Shell

March 1, 2022
| Archives

International energy logistics provider Peterson has signed a new contract with Shell to provide supply base services from the Port of Lowestoft. The new contract follows the expiry of a 7-year-old contract and strengthens the long-term partnership between Peterson and Shell in this region. It also helps to secure jobs in Suffolk and the surrounding areas. From excellent facilities at the Port of

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Shelf awarded contract for the Mentor

March 1, 2022
| Archives

Shelf Drilling has secured a new contract award for the Shelf Drilling Mentor jack-up rig for operations offshore Nigeria. The contract has an estimated duration of 225 days with an option for additional wells. The contract is expected to commence in Q2 2022. Source: Shelf Drilling Join our mailing list here

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Rig Lynx Weekly Rundown – Saipem exploring drilling division sell off

March 1, 2022
| Weekly Rundown

Saipem exploring drilling division sell off Saipem SpA is considering a roughly 4 billion euro ($4.5 billion) restructuring package that could include a cash injection and asset sales. Read More Transocean lines another rig up for Petrobras  Transocean to sign a new charter contract with Petrobras. The company took the lead in the oil company’s new request for quotation aimed at the

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Shelf announces Q4 results, backlog sits at USD $1.7 billion

March 1, 2022
| Archives

Shelf Drilling, Ltd. announced results for the fourth quarter and full year of 2021 ending December 31. David Mullen, Chief Executive Officer, commented: “During the fourth quarter of 2021, our EBITDA increased sequentially by 28% to $43.5 million, primarily due to a rise in revenue. We have successfully completed a period with a high concentration of out-of-service

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