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:
On June Schlumberger and Subsea 7 renewed their strategic partnership:
Now Aker Solutions are brought in as well, forming a new JV:
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.
Fairplayer overboarding torpedo pile for FPSO mooring system
Looks like insiders are buying at Transocean and Tidewater.
Prosafe’s Floatel “Safe Concordia” heading for US GoM
Allseas is also heading for the GoM again, but on the Mexican side:
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: