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Month: November 2022

Saipem awarded $800 million in offshore drilling contracts

November 20, 2022
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Saipem has been awarded new offshore drilling contracts, three in the Middle East and two in West Africa for a total amount of approx. 800 million USD. This value is considered net of the leasing costs of the vessels used for the works. In the Middle East two new contracts have been awarded for two high-specification Jack-Up drilling units, the Perro Negro 12 and Perro

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West Hercules awarded contract with ExxonMobil Canada

November 20, 2022
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Odfjell Drilling notes the signing of a contract between ExxonMobil Canada and SFL Corporation Ltd ('SFL') for the Odfjell Drilling managed 6th generation semi-submersible Hercules. The Contract is expected to commence in Q2 2023 and has a firm duration of approx. 135 days, with an extension option for approx. 60 days. Odfjell Drilling announced in May 2022 that it had agreed with SFL to provide

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Transocean JV buys interest in 7th gen drillship West Aquila

November 20, 2022
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Transocean announced that one of its subsidiaries, together with Perestroika A.S. and funds managed by Lime Rock Management L.P., have formed a joint venture, Liquila Ventures Ltd. (“Liquila Ventures”). Liquila Ventures agreed with Daewoo Shipbuilding & Marine Engineering Co., Ltd. (“DSME”), to purchase Hull 3623, the ultra-deepwater newbuild drillship formerly known as West Aquila, for approximately $200 million. Hull 3623 is a high specification, 1400 short-ton hookload

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22 contracts awarded to Borr since start of 2022

November 20, 2022
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Highlights Third Quarter of 2022 Total operating revenues of $107.9 million, an increase of $2.6 million or 2% compared to the second quarter of 2022. Net loss of $54.9 million, a decrease in loss of $110.4 million compared to the second quarter of 2022. Cash and cash equivalents of $279.0 million at the end of the third quarter of 2022,

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ADES charters jackup duo Cantarell III and IV from Keppel

November 13, 2022
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Keppel Offshore & Marine Ltd (Keppel O&M) has, through its wholly-owned subsidiaries, signed bareboat charter contracts with ADES Saudi Limited Company for two jackup rigs to be deployed in Saudi Arabia. This brings the total number of rigs Keppel O&M has on charter with ADES to four. The charters will be for a period of five years, expected

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Suriname announce 6 new blocks up for lease

November 13, 2022
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Staatsolie Hydrocarbon Institute (SHI), a wholly owned subsidiary of Staatsolie Maatschappij Suriname, has announced the launch of a competitive bid round of six new blocks in the currently sparsely explored Demerara acreage of Suriname. The blocks are located east to the current offshore discoveries and have a water depth varying from 400 to 3500 meters. The data room containing data

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Semco Maritime awarded 5 year deal with TotalEnergies

November 13, 2022
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TotalEnergies has awarded Semco Maritime a 5-year contract for the provision of manpower and construction service on offshore installations in the Danish part of the North Sea. The contract covers November 2022 - October 2027 and strengthens the long-standing strategic collaboration with TotalEnergies. The contract builds on years of constructive cooperation including the ongoing re-development of the Tyra field and establishes a

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Exxon announces find offshore Angola

November 9, 2022
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The National Agency for Petroleum, Gas and Biofuels (ANPG), ExxonMobil Angola and the Angola Block 15 partners have announced a new discovery at the Bavuca South-1 exploration well. Eighteenth discovery in Angola Block 15, first in nearly 20 years The well encountered 30 meters (98 feet) of high-quality, hydrocarbon-bearing sandstone. It is located approx. 365 kms northwest off the coast of Luanda and was

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Guyana announces inaugural offshore oil and gas licensing round

November 8, 2022
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The Government of Guyana through the Ministry of Natural Resources has announced that fourteen (14) oil blocks have been identified and will be auctioned for the nation’s first-ever competitive offshore oil and gas licensing round. The ministry is pleased to announce too that a wave of enhanced fiscal terms will guide all future offshore investments should projects reach to production stage. As part of this

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