Most of the news in the rig market is bad, but there are bright spots if you look hard enough. Audrey Leon sets out the details. Image from OE Staff. Not much has changed for…
Despite the ongoing bribery investigations, Petrobras is ploughing ahead with new FPSOs. Pietro Ferreira, of the Energy Industries Council, outlines current contracting activity in Brazil and in Mexico. Ferreira…
OE’s Audrey Leon speaks with Scott Munro, McDermott’s Vice President, Americas, Europe and Africa, about recent projects undertaken at the company’s Altamira facility. PB-Litoral-A topsides floatover operations…
The floating rig market is preparing for the most challenging year ahead. Leslie Cook, of Quest Offshore, explains. Noble Corp. announced in Q1 it would retire the Noble Discoverer drillship after…
35 offshore projects and 100 rig years have slipped after the oil price collapse. Oddmund Føre, Analyst, Rystad Energy, explains. The market for oilfield services is hurting and offshore drilling is no exception. The global market for…
Since its discovery in 2010, the Sea Lion field offshore the Falkland Islands has been subject to a string of development options. Elaine Maslin looks at Premier Oil’s optimized final plan. Ocean Rig’s Ocean Guardian semisubmersible drilling rig…
Harkand, an inspection, repair, maintenance (IRM) and light construction company, has been chosen to deliver installation work to support Apache with its existing drilling campaign in the Nevis South Field in the North Sea. The project…
DeepOcean welcomed its advanced cable installation vessel Maersk Connector to North East England for the mobilization of specialist cable handling equipment for projects in the offshore renewables and subsea interconnector sectors. The vessel…
EOG awarded Rowan a contract to utilize the Ralph Coffman jackup, offshore Trinidad. The rig will mobilize from the US Gulf of Mexico and is estimated to commence operations in Q3 2016 for five wells with an estimated duration of one year at a rate of US$135…
Singapore’s KrisEnergy completed development drilling in the G10/48 and the G11/48 licenses in the Gulf of Thailand. The G10/48 license is located in the Wassana oil field, which comprises 13 producer wells and one water disposal well…
Cantex Global Logistics awarded offshore marine and engineering consultancy Aqualis Offshore a contract to provide the marine warranty surveyor (MWS) services for FPSO P67 and P70 topside modules transportation from various Brazilian ports to COOEC’s yard in Qingdao…
Petrobras awarded Fugro a one-year inspection, repair and maintenance (IRM) contract for operations offshore Brazil. Under the contract Fugro will deploy its new 83m ROV support vessel, Fugro Aquarius, for the IRM activities. The contract comes with an option for an additional year…
Engineering and construction firm McDermott International has announced a string of new contracts offshore Australia and a few frame agreement focused on subsea projects offshore India. The frame frame agreement is with L&T Hydrocarbon Engineering (LTHE)…
Fugro has won a contract to provide offshore survey and positioning services at the Kaombo oil development offshore Angola. Under the contract awarded by Technip, Fugro will provide offshore deepwater survey and positioning services to…
The protracted low price environment is pushing the offshore marine supply chain to breaking point. Rig managers, offshore support vessel (OSV) contractors and subsea vessel owners are trading at 60-70% discounts to 2013 highs and every week seems to usher in a new wave of profit warnings…
