I hope Turkey got a good deal on the Cobalt Explorer… buying a ship that’s been sitting idle in the water for 9 years and never been operated could either be really smart or really dumb. I guess since it has work right away probably smart for the accountants, dumb for the rig hands. Nothing like a brand new old rig.
Offshore jobs are plentiful around the world:
New FPSO for Gulf of Mexico operation:
Spanish shipyard Armon recently handed over a new floating production storage and offloading vessel (FPSO) to Mexican oil and gas company the Durandco Group. Designed by ..
Est. reading time: 3 minutes
On June Schlumberger and Subsea 7 renewed their strategic partnership:
Schlumberger and Subsea 7 have agreed to renew their strategic partnership, Subsea Integration Alliance, for a further seven years. Subsea Integration Alliance is a non-incorporated tie-up between Subsea 7 and Schlumberger’s OneSubsea business, to...
Estimated reading time: 1 minute
Now Aker Solutions are brought in as well, forming a new JV:
Offshore engineering firms Schlumberger and Aker Solutions plan to combine their subsea businesses and bring in Oslo-listed Subsea 7 as an equity partner in a newly formed joint venture company. The proposed transaction would see Aker Solutions...
Estimated reading time: 1 minute
The Schlumberger company involved is OneSubsea:
Looking around the shipyards here in South Louisiana. There is nothing left to reactivate. Like Tidewater has half dozen boats at their docks, and those are mostly the old Gulfmark 210s. Just looks like there is not a lot of US flagged OSVs to work the US field if things pick up.
Tidewater said the same thing in their Q2 earnings call, and TO Q2 said they are seeings 400k+ for their day rates now.
So far as I can tell, the US OSVs have been transferred to Mexico, working in Guayana, sold for scrap, or working in other trades.
ombugge
September 6, 2022, 10:56am
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Looks like insiders are buying at Transocean and Tidewater.
ombugge
September 22, 2022, 11:26am
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Prosafe’s Floatel “Safe Concordia” heading for US GoM
Semisub accommodation vessel owner Prosafe has secured more work for its flotel Safe . The 2005-built unit has been booked by an undisclosed client to provide accommodation and construction support in the US Gulf of Mexico. The contract is...
Estimated reading time: 1 minute
Safe Concordia | Prosafe Vessels .
ombugge
September 22, 2022, 11:31am
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Allseas is also heading for the GoM again, but on the Mexican side:
Swiss-based marine construction specialist Allseas has won a contract from TC Energy for a major offshore pipeline delivering natural gas to southeast Mexico. The company’s pipelay vessels will install the 36-inch pipeline, which will run...
Estimated reading time: 1 minute
ombugge
September 29, 2022, 11:36am
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The FPSO for Bay du Nord Field will operate in a very challenging environment:
Details of the Bay du Nord project:
BP has joined in with Equinor:
ombugge
October 5, 2022, 12:52pm
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Old but not obsolete Aker H4 rig gets new contract:
Øystein Stray Spetalen-backed semisub rig owner Dolphin Drilling has inked a firm 12-month contract with General Hydrocarbons Limited (GHL) in Nigeria for the 1974-built . The rig will commence operations during the fourth quarter of 2022 earning the...
Estimated reading time: 1 minute
ombugge
October 14, 2022, 12:51pm
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ombugge
October 21, 2022, 12:36pm
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Borr drilling is busy striking deals these days:
Tor Olav Trøim’s Borr Drilling has through its Mexican joint venture Perfomex landed a $715m deal for five jackup rigs with Pemex’s integrated well service providers Opex Perforadora and Perforadora Profesional Akal I. The contracts will see the...
Estimated reading time: 1 minute
As is Seadrill:
Offshore drilling contractor Seadrill has struck a deal to sell its entire 35% shareholding in Paratus Energy Services, formerly Seadrill New Finance, and certain other interests. Paratus owns five premium jackups in SeaMex fully contracted with...
Estimated reading time: 1 minute
And DOF Subsea:
DOF Subsea has won a long-term contract for two vessels with Esso Exploration & Production Guyana Limited, an affiliate of ExxonMobil. Under the contract, the Norwegian company will carry out inspection, maintenance and repair (IMR), well...
Estimated reading time: 1 minute
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