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Offshore rig dayrates on the rise

September 16, 2022
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Rental rates for offshore oil and gas rigs could rise to $500,000 in the coming months, company executives said on Wednesday. Daily costs to hire a rig, known as the dayrate, have already more than doubled from two years ago to some $300,000, with some top-end rates reaching close to $400,000, according to Oslo-based brokerage Pareto Securities. Drilling companies

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TechnipFMC awarded EPCI contract with TotalEnergies offshore Brazil

September 16, 2022
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TechnipFMC has been awarded a significant(1) engineering, procurement, construction and installation (EPCI) contract by TotalEnergies for its Lapa North East field in the pre-salt Santos Basin offshore Brazil. TechnipFMC will reconfigure and install umbilicals and flexible pipe in a new configuration that will further secure the production of the field. Jonathan Landes, President, Subsea, at TechnipFMC, commented: 'The Brazilian offshore market is becoming more diverse with

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BOEM accepts 2021 $189 million in bids for Lease Sale 257

September 16, 2022
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In compliance with congressional direction in the Inflation Reduction Act, the Bureau of Ocean Energy Management (BOEM) has accepted 307 highest valid bids from Lease Sale 257 in the Gulf of Mexico, totaling $189,888,271. BOEM originally held the lease sale in November 2021; a federal judge invalidated the results in February of this year.  Leases resulting from this sale include stipulations to protect biologically sensitive resources, mitigate potential adverse effects on protected

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Petrofac awarded 3-year contract with Serica

September 16, 2022
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Petrofac has secured a three-year contract extension for maintenance services from Serica Energy. Under the terms of the agreement, Petrofac will continue with the provision of maintenance execution, maintenance consultancy and metering services to Serica Energy’s Northern North Sea asset, the Bruce platform complex which processes production from its Bruce, Keith and Rhum fields. The contract, which builds on a relationship

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Dolphin Drilling activated on Euronext N-OTC

September 16, 2022
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Dolphin Drilling has confirmed that it will be activated on the Euronext N-OTC list as of Thursday 15 September 2022. The listing is the first step towards a public listing of the Company on Euronext Growth Oslo by the end of October. The listing was confirmed by CEO, Bjørnar Iversen during his presentation at the Pareto Securities’ 29th Annual Energy Conference

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Shell announces new CEO

September 16, 2022
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Shell has turned to the head of its gas and renewables business to drive its transition to a lower-carbon future, picking Wael Sawan to replace Ben van Beurden as chief executive. Sawan's appointment comes at a pivotal time for the oil giant, which is aiming to reduce emissions to net zero by 2050 and moving away from fossil fuels

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Significant interest in investigating new exploration acreage offshore Norway

September 14, 2022
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Norway has received applications from 26 companies in the Awards in Predefined Areas (APA) 2022. Most of the companies that are active on the Norwegian shelf have submitted applications in this year's APA. The application deadline was 12 September. 'It's gratifying to note the continuing significant interest in investigating new exploration acreage, given the many awards made in the most recent

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OceanPact signs 3 year deal with Petrobras

September 14, 2022
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Brazilian offshore vessel owner and services provider OceanPact Serviços Marítimos has entered into a contract with Petrobras for remotely operated vehicle support (RSV) vessel Parcel do Bandolim. The 2007-built vessel, formerly Bourbon Pearl, will be going on a three-year charter with fellow state-controlled oil giant equipped with two own remotely operated vehicles (ROVs). “The entry of Parcel do Bandolim in its respective contract

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Petronas speaks on recent Baja-1 discovery

September 14, 2022
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PETRONAS Suriname E&P B.V. (PSEPBV) announced first oil discovery in Suriname, at the Baja-1 well in the country’s offshore Block 53.  The well, located about 189 kilometres offshore Suriname in a water depth of 1,140 metres, was successfully drilled to a total of 5,290 metres. It also encountered light oil in the Campanian aged sedimentary sequence. Post-drill evaluation

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Seaway 7 plans to deliver two new-builds in 2023

September 14, 2022
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Seaway 7, part of the Subsea7 Group, plans to raise USD 650 million through the issuance of new equity and debt, primarily to finance its two newbuild vessels, Seaway Alfa Lift and Seaway Ventus. Both vessels are anticipated to be delivered during 2023 and to enter operations in the first half of 2024. In addition to the newbuild vessels, the capital expenditure

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