Rigs & Vessels

Total strikes first oil from offshore Brazilian mega-field

November 28, 2017 | Deepwater, Rigs & Vessels, South America

London, UK | – French multinational oil giant, Total SA, have announce the first oil from the Libra mega-field, located 180 kilometres of Rio de Janeiro. The floating production, storage and offloading (FPSO) unit Pionerio de Libra is located in unltra-deep water and has a 50,000 barrel capacity. The start-up phase of production will focus on generating initial revenue and capturing technical data to streamline the development stage. The Libra development will continue to search for further investment  in the Libra 1 FSPO, which has …

Transocean to buy Norwegian rig firm Songa Offshore for $1.1 billion

August 15, 2017 | Deepwater, Mergers, Acquisitions & JVs, Rigs & Vessels

London, UK | – Transocean Ltd, one of the world’s biggest drilling rig operators, has agreed to a deal to buy Norwegian competitor Songa Offshore SE for 9.1 billion Norwegian crowns (US$1.1 billion), the two companies said Aug. 15. The deal, which would be mostly paid for in shares and convertible bonds, would strengthen Transocean’s position in offshore drilling as Songa is Norwegian oil major Statoil ASA’s largest drilling service provider. The offer values Songa shares at 47.50 Norwegian crowns each, a 39.7% premium over …

ExxonMobil awards FPSO contract to SBM Offshore

June 22, 2017 | Oilfield Services, Rigs & Vessels, South America

London, UK | – American multinational oil and gas corporation, ExxonMobil, has confirmed the award of contracts for the next phase of the Liza project in Guyana – including one for SBM Offshore. SBM Offshore will construct, install, lease and operate a FPSO vessel for the firm. The company’s chief executive Bruno Chabas welcomed the news, and put the award down to the company’s experience. He said: “We are proud that ExxonMobil awarded SBM Offshore the contracts for the Liza FPSO. The Liza Field offshore …

Shell reopens Bonga deepwater field after turnaround maintenance

April 26, 2017 | Nigeria, Oilfield Services, Rigs & Vessels

Abuja, Nigeria |  – The Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Royal Dutch Shell Plc has reopened the 225,000 barrel-per-day capacity Bonga deepwater oilfield following  turnaround maintenance work, local media reports . The oilfield was shut down on March 4, 2017, for planned maintenance, which involved inspections, recertification, testing and repair of equipment as well as engineering upgrades with Nigerian companies and subsea professional playing key roles. The exercise took off a significant chunk from Nigeria’s crude oil exports, as SNEPCo …

Statoil cuts drilling contract terms for Songa rigs

March 15, 2016 | Company Operations, Contracts, Rigs & Vessels

London, UK – Songa Offshore is carrying out a major refinancing exercise to raise cash to ensure delivery of a final Category D newbuild rig as client Statoil has cut the contract duration of two existing units due to delivery delays. The move comes after Statoil made a number of changes to drilling contracts with the company. In a statement Songa said the proposed refinancing includes a full conversion to equity in an amount of $150million, significant interest reductions, maturity extensions and other amendments. Songa …

Tullow Oil says production vessel arrives in Ghana for field startup

March 05, 2016 | Company Operations, Ghana, Rigs & Vessels

London, UK | – Tullow Oil Plc, British independent oil explorer focused on Africa, said an oil production and storage vessel has reached Ghana for the scheduled start of output at its newest field in July or August. The floating production, storage and offloading vessel arrived on Wednesday, more than a month after leaving Singapore where it was constructed, according to an e-mailed statement. The vessel will now be connected to pipelines and other infrastructure at the offshore field. The shares gained. The startup of …

Eni Ghana signs drillship Maersk Voyager for Cape Three Points project

March 03, 2015 | Ghana, Rigs & Vessels

Copenhagen, Denmark | – Eni Ghana Exploration and Production Ltd has contracted the newbuild drillship Maersk Voyager to drill in the offshore Cape Three Points project offshore Ghana starting in July 2015. The $545-million contract is for 3.5 years with an option to extend an additional year. Maersk Voyager is the last in a series of four ultra-deepwater drillships in Maersk Drilling’s rig fleet. The rig was delivered in February from the Samsung Heavy Industries shipyard in Geoje-Si, South Korea.

Technip names new DSV ‘’Deep Explorer’’

November 19, 2014 | North Sea & Western Europe, Rigs & Vessels

Paris, France | – French oilfield services firm Technip announced Wednesday that its new diving support vessel (DSV) will be called the ‘Deep Explorer’. Technip said the new vessel will be equipped with the latest technology in terms of navigation (Dynamic Positioning Class 3) and will feature a 24-man saturated dive system. With a large deck area, working moon pool, work-class ROVS (remotely-operated vehicles) and a 400-ton offshore crane, the vessel will also be able to deliver diver-less construction activities. Designed for the demanding requirements …