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Allseas to modify 6th gen drillship Vitoria 10k for mining operations

March 5, 2020
| Archives

Allseas has acquired the former ultra-deepwater drill ship “Vitoria 10000†for conversion to a polymetallic nodule collection vessel. She is 228 m long, 42 m wide, and can accommodate 200 people. In partnership with DeepGreen Metals Inc., Allseas is developing a deep-sea mineral collection system to responsibly recover polymetallic nodules from the ocean floor and transfer them

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Saipem signs Memorandum of Understanding with Saudi construction company AHQ

March 5, 2020
| Archives

Saipem has signed a Memorandum of Understanding with the Saudi construction company Abdel Hadi Abdullah Al Qahtani & Sons Company (AHQ).  With this agreement, both companies set the path towards the creation of a Joint Venture in Saudi Arabia, combining Saipem’s EPC competences and skills with AHQ’s knowledge and experience in logistic, construction and supply chain. The

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Shell U.K. have extended the Safe Zephyrus

March 5, 2020
| Archives

Prosafe and Shell U.K. Limited have agreed to amend the original 1 June 2020 commencement date of the Safe Zephyrus at the Shearwater platform in the UK sector of the North Sea to 2 May 2020 by extending the contract by 30 days. Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed

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Chevron Corp. won’t go carbon neutral anytime soon

March 5, 2020
| Archives

Mike Wirth didn’t beat around the bush Tuesday: Chevron Corp. won’t go carbon neutral anytime soon. Wirth, chief executive officer of the second-largest U.S. oil company, called the goals set by many European rivals “aspirational.†Instead, he said, Chevron will take a more realistic path for a major producer of fossil fuels with “concrete actions†to reduce carbon

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Weatherford unveils CENTRO digital well delivery

March 3, 2020
| Archives

Weatherford International plc today introduced Centro™, a holistic approach to effectively managing complex wellsite operations digitally. By seamlessly integrating every element of an operator’s well data, team members from any global location can access, share, and store all vital project information at any time. Centro makes consolidated data available in real time, enabling advanced domain viewing and

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Parker Drilling: “Our O&M backlog grew over 250% at the end of 2019â€

March 3, 2020
| Archives

Parker Drilling Company today announced results for the fourth quarter ended December 31, 2019, which included a net loss of $2.1 million, or a $0.14 loss per share on revenues of $156.3 million. Fourth quarter Adjusted EBITDA was $25.9 million (1). Michael W. Sumruld, the Company’s Senior Vice President and CFO, said, “We are very pleased with our results in

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Maersk Drilling secures one-well contract offshore Egypt

March 3, 2020
| Archives

  Maersk Drilling has been awarded a one-well contract for the semi-submersible rig Maersk Discoverer offshore Egypt. The contract has an estimated duration of 21 days and is expected to commence in March 2020, in direct continuation of the rig’s current contract. The contract value is approximately USD 3.8m. “We’re pleased to add this additional well which firms up

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Popular News – Top 5 from this past week

March 3, 2020
| Weekly Rundown

This past week we had 11.2k page views and the top 5 grabbed up 6.8k of them, below are our top 5 articles for the week of Feb 23 – Feb 29! #1 with 2,188 views Turkey procures its third drillship for $37.5ml #2 with 1,867 views Torchlight Energy strikes oil and gas at Orogrande test well #3 with 1,571 views Borr: More

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