Norway-based TGS, a provider of seismic data for oil and gas exploration, has this week started the acquisition of Pelotas 2D multi-client phase 3 offshore Brazil.
McDermott, an offshore engineering and construction firm, has been chosen by Australia's BHP Billiton, in collaboration with Mexico's Pemex, to provide Front-End Engineering Design (FEED) of a Semi-submersible Floating Production Unit (FPU) for the Trion field development offshore Mexico.
Norwegian oil firm Equinor has extended the contract with Odfjell Drilling for the use of the Deepsea Atlantic offshore drilling rig.
Canadian oil company Suncor, and Swiss-based offshore drilling contractor Transocean have been fined by the Canada-Newfoundland and Labrador Offshore Petroleum Board for an unauthorized discharge of drilling fluids from Transocean's offshore rig in Canada in 2018.
Japan’s NYK Line has taken its next steps in its efforts to build business opportunities in the emerging offshore wind energy sector. NYK will be working with Sweden’s Northern Offshore Services, the largest operator of crew transfer vessels (CTV) for the offshore sector. In December 2019, NYK announced plans to collaborate with NOS in the CTV business.
ConocoPhillips and Malaysian offshore drill rig operator Velesto confirmed reports that a jack-up rig operating at the Salam-3 field off the coast of Sarawak, Malaysia collapsed and sunk earlier today. All the personnel working aboard the rig were safely evacuated before it sank and have been accounted for according to Velesto.
The Valaris Group completed its financial restructuring emerging from chapter 11 bankruptcy proceedings as part of the ongoing restructuring taking place across the offshore sector. The reformatted company reports it eliminated $7.1 billion of debt while continuing to operate the largest fleet of offshore drillships, semisubmersibles, and jackups. Management also expressed cautious optimism in the outlook for the market.
Norway's Equinor, with partners Petoro, Shell, Total, and ConocoPhillips, has decided to electrify the Troll West field offshore Norway and has submitted the plan for development and operation to the Norwegian minister of petroleum and energy.
Following a significant contract win in Brazil, United Offshore Support GmbH (UOS) announced the expansion of its Americas business into Mexico. The Germany-based company recently secured a contract with ENI Mexico, part of Eni S.p.A, to provide drilling support for the Valaris 8505 semisubmersible rig.
ECONNECT Energy conducted an offshore marine LNG delivery with the IQuay™ patented jettyless transfer system (previously called UTS) in Norway together with Spanish utility company Naturgy Energy Group, and Finnish energy company Gasum.
Eastern Shipbuilding Group (ESG) held the keel authentication ceremony for the next U.S. Coast Guard Offshore Patrol Cutter (OPC), USCGC Chase. Admiral Karl Schultz, commandant of the U.S. Coast Guard, and Rep. Lucille Roybal-Allard (CA-40), House Homeland Security Appropriations Subcommittee Chair and ship sponsor, delivered remarks to mark the occasion.
Seadrill Partners, an affiliate company formed by Seadrill to own, operate and acquire offshore drilling rigs, has emerged from Chapter 11 after completing its reorganization plan. Seadrill Partners filed for Chapter 11 bankruptcy in December 2020 as part of more than two dozen companies affiliated with John Fredriksen’s offshore rig operator Seadrill Limited, which itself filed for bankruptcy two months later.
Marine seismic contractor Shearwater Geoservices has awarded subsea support vessel operator DOF Subsea contracts a vessel and an ROV contract for seismic support work in Brazil.
The China National Offshore Oil Company (CNOOC) has finished installing its Lufeng 14-4 platform in the South China Sea, the company informed investors last week.