Offshore Oil & Gas news

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Seadrill clinches semisub extension in the US Gulf - Splash247

According to Seadrill’s fleet status report, the semi is on contract with Walter Oil & Gas at an undisclosed dayrate.

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Three “stranded” drillships in Korea has found a new home:

Eldorado Drilling seals $120m private placement - Splash247

The fleet should be complete by the end of the year, with the Zonda (pictured) set to begin operations for Petrobras in Brazil through a rig management arrangement with Ventura Offshore. Earlier this year, Diamond Offshore, now part of offshore drilling contractor Noble Corporation, secured rights to market Dorado and Draco in Brazil, Latin America, West Africa, Malaysia, and Indonesia.

PS> Apparently NOT being marketed for US GoM operations.

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McDermott scoops Repsol contract off Mexico - Splash247

Polok and Chinwol deepwater discoveries are located in Block 29 in the Salina Basin. Repsol as the operator struck first oil in May 2020. McDermott’s engineering scope of the field development project will be led from its base in Houston.

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Subsea 7 gets more work in US Gulf of Mexico - Splash247

This year the company won several contracts in the Gulf of Mexico, including an EPC and installation contract in August and a subsea tieback deal in October. Before that, Subsea 7 won work on Talos’ Sunspear development and Woodside’s Trion field.

Subsea7

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Looks like Subsea 7 is really on a roll:

Subsea 7 rakes in three new deals - Splash247

Supermajor Shell contracted the company for the engineering, procurement, construction, and installation of a production flowline and related subsea infrastructure at Shell’s Phase 3 Silvertip development in the Alaminos Canyon, in water depths reaching up to 3,000 m.

Beacon Offshore awarded the second deal for work in the Gulf of Mexico. Subsea 7 will work on the Monument development. The project involves installing a high-pressure 27-kilometre subsea tieback to the Shenandoah FPS, located in Walker Ridge Block 316 at water depths reaching up to 2,000 m.

The deal in Saudi Arabia is a long-term agreement with state-owned giant Aramco. The contract scope includes the decommissioning of existing subsea facilities as well as engineering, procurement, construction, and installation of a new pipeline and subsea equipment at the Abu Safah field.

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The “Whale Field” in the Gulf of Mexico (America?) has started production:

Shell's Whale Makes Waves: Gulf of Mexico's Newest Offshore Giant Goes Live

The project showcases significant environmental improvements, featuring energy-efficient gas turbines and compression systems that result in approximately 30% lower greenhouse gas intensity over its lifecycle compared to the Vito facility. The advancement aligns with Shell’s position as the leading operator in the U.S. Gulf of Mexico, where their oil production maintains one of the lowest GHG intensities globally.

Both the Vito and Whale FPUs are constructed in Singapore:

Whale was built in Singapore and transported on a heavy transport vessel called the Boka Vanguard (pictured) to Texas, USA, before being towed into the Gulf of Mexico.
Source: On repeat: cutting costs and emissions in the Gulf of Mexico | Shell Global

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EMGS lines up more work off India - Splash247

shortspec-Atlantic-Guardian.pdf

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Equinor taps BW Offshore for Bay du Nord FPSO pre-FEED - Splash247

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Noble to shed cold-stacked drillship pair - Splash247

The two rigs have been cold-stacked in Las Palmas for years. The Pacific Scirocco had its last deal in Guinea back in 2017 while the Pacific Meltem did its last work in 2020.
Noble became the owner of the rigs after acquiring Pacific Drilling back in 2021. The deal saw seven rigs join the Noble fleet several of which have already been sold.

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Drill baby Drill, but don’t drill offshore:

Environmentalists sue to block Trump’s offshore drilling plans - Splash247

Now, environmentalist groups – Northern Alaska Environmental Center, Alaska Wilderness League, Oceana, Sierra Club, Surfrider Foundation, Healthy Gulf, Center for Biological Diversity, Turtle Island Restoration Network, Natural Resource Defence Council, and Greenpeace – accuse the president of exceeding his constitutional and statutory authority by issuing a sweeping executive order revoking the protections.

Under the Outer Continental Shelf Lands Act, enacted in 1953, the president has the authority to limit leasing activity.
The groups argue that there is no provision in the act to allow a president to undo such withdrawals.

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Constellation Oil Services eyes Oslo listing - Splash247

The company owns and operates a fleet of seven offshore rigs, including six modern ultra-deepwater rigs, with a backlog of approximately $2.1bn with a remaining average duration of 2.8 years as of the fourth quarter of 2024.

Starting in the third quarter of 2025, Constellation will manage and operate Hanwha’s seventh-generation ultra-deepwater drillship Tidal Action. The offshore driller operates 22% of Brazil’s offshore drilling rigs and employs around 1,800 people.

https://www.theconstellation.com/

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Italy’s Saipem and Norway’s Subsea7 Merger to Create Energy Services Giant

Who will be the leading “partner”?:

Saipem and Subsea7 shareholders will own 50% each of the share capital of the combined company, whose revenue is expected to be around $20.9 billion, and core earnings in excess of $2 billion.

As part of the agreement, the combined company’s Chairman will be designated by Siem Industries while the CEO will be designated by CDP Equity and Eni.
It is currently envisaged that Saipem’s CEO, Alessandro Puliti, will be appointed as CEO of the Saipem7 while it is currently envisaged that Subsea7’s CEO, John Evans, will be the CEO of the entity that will manage the offshore business of the combined company.

Completion is currently expected to occur in the second half of 2026.

About Saipem: Homepage

About Subsea7: Subsea7

PS> Both Saipem and Subsea7 are active in the US.

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Cooperation across borders for the benefit of all:

McDermott taps Navantia's yard in Scotland for subsea work on Trinidad project...

The equipment developed by Navantia will be part of McDermott’s engineering, procurement, construction, installation, hookup and commissioning work on Shell’s Manatee gas field development off the southeast coast of Trinidad and Tobago. The company was awarded the contract in August 2024.

OneSubsea and Innovex pen subsea wellhead tech agreement - Splash247

Innovex was formed through the merger of offshore drilling and production equipment provider Dril-Quip and designer and manufacturer of products for the global upstream sector Innovex Downhole Solutions. The merger was completed in September last year.

This agreement is a second deal for OneSubsea in February. Namely, the company agreed to deliver a subsea production systems work scope to Vår Energi.

Home

Home

Vår Energi - Oil and gas

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The first purpose built FPSO is still going strong:

UK firm to oversee Petrojarl I FPSO transition to Amplus Energy - Splash247

“The overwhelming industry interest in our acquisition of Petrojarl I reaffirms the demand for cost-efficient, lower-production solutions in the market,” said Amplus managing director, Steve Gardyne. “We have strategic plans for further vessel ownership, with the aim of being the redeployment vessel contractor of choice.”

Petrojarl 1:

skipshistorie

Originally fitted with mooring winches and risers fitted on the centre turret, with the vessel weather vaning using bow and stern thrusters.

PS> Transfer of produced well fluid from the stationary turret to the processing unit was a complex manual operation,

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More FPSO news:

Modec to provide FPSO for Shell's Gato do Mato project - Splash247

When installed, the FPSO will be capable of producing 120,000 bopd as well as associated gas and water. It will be moored at a water depth of approximately 2,000m, around 200 km South of Rio de Janeiro.
The FPSO will feature a new custom-made next-generation hull to meet the 25-year design life. This will be the 19th FPSO to be developed by Modec for Brazil. It will be the second unit to be delivered directly to Shell by the Japanese firm for operation in Brazil.

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Equinor picks TechnipFMC for subsea work on Johan Sverdrup - Splash247

This direct award follows an integrated FEED study. TechnipFMC will design, manufacture, and install subsea production systems, umbilicals, and rigid pipes that will tie new templates into the existing Johan Sverdrup field centre.

Financial details have not been revealed. However, TechnipFMC described the contract as large which means its value is somewhere between $500m and $1bn. This award will be included in inbound orders in the first quarter of 2025.

ENGELSK

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Woodside picks SLB for drilling services on Trion project off Mexico - Splash247

“With water depths of up to 2,500 meters, the Trion development presents challenging technical conditions for drilling and well construction,” said Wallace Pescarini, president of offshore Atlantic at SLB.

Woodside is developing the field in partnership with Mexican state-owned firm Pemex. First production is targeted for 2028.

Woodside Takes FID on $7.2-Billion Trion Project in Mexico

PS> Since this is south of the boarder I assume it is still happening in Gulf of Mexico?

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Subsea 7 wins work on Shell’s Sparta project - Splash247

The project will be Shell’s 15th deepwater host in the Gulf of [Mexico] America and is currently scheduled to begin production in 2028. Sparta will use previously used designs and replicate about 95% of Whale FPU’s hull and 85% of its topsides.

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FPSO P-80 hull left China for Singapore to begin integration

The platform is part of the new generation of Petrobras units, designed for high production capacity and equipped with innovative technologies to reduce CO₂ emissions. Highlights include the closed flare system, which increases the use of gas and prevents it from burning in the atmosphere, ensuring greater safety and sustainability. Another innovation is the methane gas detection system, developed to prevent and mitigate the risk of methane gas leaks.

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Petronas inks 11 deals to strengthen Malaysia's oil and gas sector - Splash247

This initiative is a part of Malaysia’s national strategy to revitalise the fabrication yard ecosystem. The transformation efforts will be focused on integrating innovative technologies, developing workforce capabilities, and expanding market opportunities to boost productivity.