A consortium of Boskalis and Allseas has been awarded a contract by CPC Corporation Taiwan for the second offshore gas pipeline from Yongan to Tongxiao. The total contract value is approximately €1.2bn ($1.39). This project is intended to improve the...
Estimated reading time: 2 minutes
[quote]Under the contract, the consortium will design, construct, install, and pre-commission the new 36-inch offshore natural gas pipeline, which will run approximately 232 km parallel to the existing YT1 pipeline, connecting the Yongan LNG terminal in the Southwest with the Tongxiao transfer station in the northwest.[/quote]
Saudi oil and gas driller ADES has made a NOK 3.9bn ($380m) offer to buy all issued and outstanding shares of Dubai-based Shelf Drilling. The two parties signed an agreement for a recommended offer, under which ADES will acquire the Shelf through a...
Estimated reading time: 2 minutes
At completion, all of Shelf shares will be cancelled for a consideration in cash of NOK 14.00 per share ($1.36) to its shareholders according to a plan of merger. The share price is a 62% premium to the Shelf Drilling share closing price of NOK 8.64 ($0.84) on August 4. The transaction is expected to close in the fourth quarter of 2025.
Shelf Drilling purchased a fleet of older J/Us from Transocean in 2012, when Transocean decided to concentrat on Deepwater:https://www.prnewswire.com/news-releases/shelf-drilling-completes-acquisition-of-38-rigs-from-transocean-181600791.html About us — Shelf Drilling
PS> Lot of Norwegian and other shearholders will be smiling all the way to the bank:
Coming to a Gulf near you (by whatever name):
Sevan Louisiana .
Offshore rig owner Seadrill has revealed in its fleet status report that two of its rigs have won new contracts in the US Gulf of Mexico. The 2013-built drillship West Vela was awarded a two-well contract by Talos Energy. The 90-day term is set to...
Estimated reading time: 1 minute
PS> Both rigs are already in the area.
Gryhpe
August 12, 2025, 11:29am
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For those who fancy a trip down memory lane, particularly if you have worked in the North Sea, you might like my latest publication.
1 Like
ombugge
August 19, 2025, 1:35pm
227
Anybody interested in buying their very own sligthly used Offshore Drilling rig?:
Chinese firm ICBC Leasing has decided to sell its 1981-built Nanhai 7 semi-submersible drilling rig. The rig, originally known as the Moby Dick, is currently under a bareboat charter, which is expected to expire in July 2026. This move is part of...
Estimated reading time: 1 minute
PS> Modified Aker H-3 design.
ombugge
August 20, 2025, 8:29pm
228
BW Opal Photos:BW Offshore
The FPSO has a hull length of 358 metres (1,170 feet), a beam of 64 metres (210 feet), and a gas handling capacity of 24 million cubic metres (850 million cubic feet) per day and a design capacity of 11,000 barrels of stabilised condensate per day.
BW Offshore said the FPSO’s operation will ensure 15 per cent fewer greenhouse gas emissions compared to traditional systems.
Now operational off Australia:
BW Opal will be deployed at the Santos-operated Barossa field in the Timor Sea approximately 285 kilometres (459 miles) off Darwin in northern Australia. According to Seatrium, this will make it one of the largest FPSOs ever delivered to Australia.
ombugge
August 31, 2025, 12:18pm
229
Van Oord deployed its Nordnes and Stornes flexible fallpipe vessels to carry out the ballasting work.
Fall pipe vessel MV Stornes:
Put into operation in the year 2011, Stornes is the biggest fallpipe ship – with a DW capacity of about 27,000 tonnes.
MV Nordnes:
Van Oord’s flexible fallpipe vessel Nordnes has reached a remarkable milestone. The vessel has installed a staggering 20 million tonnes of rock, a record unparalleled in the subsea rock installation market.
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ombugge
September 2, 2025, 12:28pm
231
Fairly modern drillships have problem finding work, while 1980s built rig are operating all over the world:
Swiss-based offshore drilling giant Transocean has decided to sell five of its stacked rigs. Transocean said it would be selling the rigs to third parties for either recycling or alternative use. The company will also sell certain assets primarily...
Estimated reading time: 1 minute
ombugge
September 2, 2025, 12:37pm
232
Houston-based Oceaneering International has been awarded several subsea robotics contracts from Petrobras during the second quarter of 2025, following a competitive tender. The deals were secured by the company’s Brazilian subsidiary, Marine...
Estimated reading time: 1 minute
The article doesn’t state which vessels will be used on this contract:
ombugge
September 9, 2025, 1:25pm
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Norway’s BW Energy has secured a $365m facility to fund the refurbishment and redeployment of the Maromba FPSO to its namesake field offshore Brazil. The project finance facility, backed by China Export & Credit Insurance Corporation, was...
Estimated reading time: 2 minutes
The plans for the Maromba field:
The FPSO Maromba (ex FPSO Polvo) has been a long and drawn out saga:
FPSO Polvo IMO 7822122: BalticShipping.com
BW Maromba B (ex Valaris 247 (Feb 2024 - Aug 2025), Valaris JU 247 (Aug 2019 - Feb 2024), Rowan Gorilla V (May 1995 - Jul 2019)https://www.valaris.com/news/news-details/2025/Valaris-Announces-Sale-of-Jackup-VALARIS-247-to-BW-Energy-for-108-Million/default.aspx
ombugge
September 15, 2025, 4:02pm
235
Appears like Subsea 7 is on the roll world wide:
Subsea7 has landed a major engineering, procurement, construction, and installation (EPCI) contract from Aramco, covering offshore facilities in Saudi Arabia. The award falls under Subsea7’s long-term agreement (LTA) with the state-owned operator,...
Estimated reading time: 1 minute
The contract scope includes approximately 106 km of infield and export pipelines, topside modification work, and associated hook-up operations. Engineering and project management will start immediately, handled from Subsea7 offices in Saudi Arabia and the UAE, with offshore execution scheduled across 2027 and 2028.
Subsea7 said the contract value sits between $750m and $1.25bn.
Petrobras is also busy securing long term contracts for various services:
French tubing manufacturer Vallourec has been awarded a major contract by Brazilian state-owned oil giant Petrobras for the supply of tubular products and services. The contract is a result of a competitive bidding process and will cover the supply...
Estimated reading time: 1 minute
The contract covers the full tubular goods scope of supply for seamless pipes and VAM premium connections required for Petrobras’ offshore wells from 4.5” up to 18”, including carbon and stainless-steel tubulars and associated accessories.
ombugge
September 18, 2025, 4:15pm
236
More Brazil contracts announced:
Offshore vessel owner and services provider OceanPact has signed a contract worth more than BRL 1bn ($188m) with Trident Energy to perform offshore decommissioning services off Brazil. The project covers the removal of the subsea infrastructure of...
Estimated reading time: 1 minute
Oslo-listed seismic data specialist TGS is undertaking the PAMA Phase II 3D multi-client survey offshore Brazil. The first phase encompassed 19,343 sq km and more than 25 future exploration blocks within the Pará-Maranhão Basin, one of the world’s...
Estimated reading time: 2 minutes
ombugge
September 23, 2025, 12:58pm
237
Looks like the Offshore Oil & Gas industry is not dead yet:
US supermajor ExxonMobil has made a final investment decision for the seventh project in Guyana’s prolific Stabroek block, after receiving the required regulatory approvals. Hammerhead, the seventh project in the block, will utilise an FPSO with a...
Estimated reading time: 2 minutes
Meanwhile, on the other side of the world:
Norwegian offshore seismic vessel player Shearwater Geoservices has been awarded a seven-month streamer contract by Oil India Limited. The project, covering the Mahanadi and Krishna-Godavari fields, includes the acquisition of approximately 5,000 sq...
Estimated reading time: 1 minute
ombugge
October 17, 2025, 7:23pm
238
Been there, done that:
Energy and marine consultancy ABL has been awarded a contract to oversee India’s Oil and Natural Gas Corporation Limited’s (ONGC) rig moves between September 2025 and May 2026. Under the contract, won through United India Insurance (UIIC), ABL will...
Estimated reading time: 1 minute
PS> Known as “the crazy week” (actually it last a bit longer)
ombugge
October 28, 2025, 1:53pm
239
Looks like buying up “stranded rig contracts” during the last crises period has paid off for Borr Drilling:
Offshore jackup rig player Borr Drilling has won contract extensions for three of its rigs in Mexico. The 2017-built Galar and the 2018-built Gersemi have each been awarded two-year firm contract extensions that will commence in direct continuation...
Estimated reading time: 2 minutes
Borr Drilling has the youngest fleet among the Offshore Drilling Contractors, with the oldest rig (Nørve) built in 2011: Borr Drilling Fleet | Modern and Youngest Fleet in the Industry
