Latest News

Latest News

Petronas celebrates first discovery of hydrocarbon in Suriname

Jan 12, 2021

Source: Offshore Energy Petronas, which is a large oil and gas company from Malaysia, has made its first discovery of hydrocarbon in Suriname with the successful drilling of the Sloanea-1 exploration well located in Block 52 off Suriname. Petronas subsidiary, Petronas Suriname E&P B.V. (PSEPBV), which is the operator of Block 52 and holds a 50 per cent participating interest, together with ExxonMobil, which holds the remaining 50 per cent. The last time Ex... Read More

Solstad Offshore has secured work for supply vessels in Norway

Dec 15, 2020

Image Source: Solstad Offshore Offshore Energy Solstad mentioned on Monday that it has been awarded a medium-term contract with Wintershall Dea to support the Deepsea Aberdeen rig drilling operations based in Norway. The contract was awarded to the large PSV Normand Serenade. This award is a call-off from the existing frame agreement. The start of the contract will take place during the first quarter of 2021 for a duration of two wells firm plus and additi... Read More

Maersk achieves strong Q3 result and looks forward for the rest of 2020

Nov 20, 2020

Offshore Energy Profit for the 3rd quarter was $947 million, showcasing an increase of 82% from $520 million which was seen in the corresponding quarter a year before. The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) increased by 39% to $2.3 billion with revenue decreasing 1.4% to $9.9 billion. As explained by Maersk, the performance increase was based on a few factors: 1) Stringent costs control 2) Agile capacity manage... Read More

Maersk Drilling to be given extension for extra work in Angola

Oct 23, 2020

Offshore Energy Maersk Drilling has been awarded a three-well contract from Total for the 7th generation drillship named Maersk Voyager which will be deployed to drill development wells situated in Angola’s Block 17. Maersk Drilling mentioned on Wednesday that the three-well contract would have an estimated period of around 140 days give or take. This would mean that Maersk Voyager is now contracted until 2nd quarter of 2021. The firm value of the three-we... Read More

Petrobras talking with SBM Offshore regarding biggest oil production unit located in Brazil

Sep 25, 2020

Dutch FPSO provider SBM Offshore and Brazilian oil giant Petrobas are talking regarding the charter of an FPSO vessel for operations on the Buzios field located in Santos basin, offshore Brazil. On Tuesday, Petrobras mentioned that it has started negotiations with SBM Offshore to contract the FPSO Almirante Tamandaré to be installed in the Búzios field. According to Petrobras, it will be the biggest oil production unit operating on the Brazilian coas... Read More