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Petrofac awarded 3 year extension with Neptune Energy

July 19, 2021
| Archives

Petrofac has been awarded a three-year contract extension from Neptune Energy valued in the region of US$14 million. The renewal, which comes into effect on 1 January 2022, includes provision of operations and maintenance services for Neptune Energy’s Cygnus Alpha platform in the Southern North Sea. The contract incorporates options to extend its term. Petrofac began working on the

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DOF awarded more contracts

July 19, 2021
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Norwegian offshore vessel operator DOF has secured contracts in Brazil for two of its anchor handling tug supply vessels. The company has won contracts through its Brazilian subsidiary Norskan The Skandi Paraty vessel, with an ROV onboard operated by DOF Subsea Brasil, has been awarded a one-year contract extension with Petrobras until July 2022. The Skandi Iguaçu AHTS is on-hire

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OPEC+ agrees to production increase starting in August

July 19, 2021
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OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2-year highs as the global economy recovers from the coronavirus pandemic. The group, which includes OPEC countries and allies like Russia, crucially agreed new production allocations from May 2022 after Saudi Arabia and others agreed to a request from the

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Angola sees over $1 billion of interest in recent bid round

July 16, 2021
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Angola’s oil and gas regulator, the National Oil, Gas and Biofuel’s Agency (ANPG) achieved an important milestone earlier this week, when it opened bids for its 2020 onshore licensing round. All of the nine oil and gas onshore blocks in the Lower Congo and Kwanza basins received bids from a variety of oil and gas operators. Forty-five

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Woodside readies Diamond’s BlackRhino for work offshore Senegal

July 16, 2021
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Australia’s Woodside Energy announced it plans to begin the drilling campaign this week for the Sangomar Field Development Phase 1 offshore Senegal. Woodside Acting CEO Meg O’Neill said the start of drilling marked a milestone towards the delivery of Sangomar Field Development Phase 1. “We are pleased to announce the launch of these operations, which brings the realization

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Petronas gears up for Bacalar-1 spud in Gulf of Mexico

July 16, 2021
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Petroliam Nasional Bhd's (Petronas) operating unit PC Carigali Mexico Operations S.A. de C.V. is reported to be preparing for the initial drilling of Mexico's offshore Bacalar-1EXP oil and gas exploration well under a project which Petronas owns a 60% stake. According to Petronas' joint venture (JV) partner PT Medco Energi Internasional Tbk's latest monthly exploration report, PC Carigali

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AEC: If you Boycott Africa Oil & Gas Sector, Africa will Boycott you

July 14, 2021
| Archives

With the international community pushing for a rapid decrease in carbon emissions due to climate change, there has been a significant decline in foreign investment directed towards the African energy sector. The global climate crisis remains a critical point of discussion and should remain at the top of the agenda with regards to energy development, however, as

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Etesco drillship awarded 3 year extension from Petrobras

July 14, 2021
| Archives

After extending the charter period for the Petrobras 10.000 drillship, Petrobras extended the contract for the drillship Etesco Takatsugu J with Etesco for another three years. The deadline, which would expire in April 2022, was extended until April 2025. The rig’s daily rate during this extension period will be reduced to around US$ 230,000. Initially, Etesco Takatsugo J

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Ocyan lands PetroRio contract

July 14, 2021
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Petro Rio informed its shareholders and the market in general that it has signed with Ocyan Drilling S.A. a contract to hire the NORBE VI drilling rig for the Frade Field Revitalization Campaign and the Wahoo Field development.  The contract will begin in March 2022 and will enable the drilling of 3 wells in the Frade Field (1

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Fuelsave signs advanced combustion tech contract with Seadrill

July 14, 2021
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Germany-based “cleantech” provider FUELSAVE has signed a contract with offshore drilling company Seadrill to deploy its advanced combustion conditioning technology on Seadrill’s drillship. The technology promises to reduce primary fuel oil consumption and cut Co2 and GHG emissions from the rig. Seadrill’s 6th generation West Saturn drillship will be fitted with FUELSAVE’s solution FS MARINE+, which, according to FUELSAVE

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