Rigs & Vessels

TGS partnership acquiring more seismic offshore Senegal

February 19, 2020 | Offshore, Rigs & Vessels, Seismic, Senegal

TGS has completed its latest 3D survey offshore Senegal Asker, Norway | – TGS-NOPEC Geophysical Company ASA, referred to as TGS and listed on the Oslo Stock Exchange, has completed its latest 3D survey offshore Senegal. SN-UDO-19, off the country’s northern shore, follows the earlier SS-UDO-19 in the southern offshore. TGS will make available fasttrack data this spring with the full data-set released later in the year. The acquisition vessel BGP Prospector has sailed 200 km (124 mi) north to acquire a further 2,024 sq km (781 sq …

Iran-backed rebels drone attacks damage Saudi pumping stations

May 14, 2019 | Civil Wars & Terrorism, Middle East, Pipelines, Rigs & Vessels

London, UK | –  Saudi Arabia halted its main cross-country oil pipeline after a drone attack damaged pumping stations along the link, a strike claimed by Iran-backed rebels in neighbouring Yemeni. Oil prices rose. Saudi Aramco, the world’s biggest oil exporter, said that supplies of crude and products continued “normally without interruption,” the official Saudi Press Agency reported, citing the energy ministry. The state producer halted the pipeline transporting oil from eastern fields to the port of Yanbu on the western coast as a precautionary, …

Baker Hughes predicts oil market growth, misses on profit

October 30, 2018 | Company Operations, Oilfield Services, Rigs & Vessels

London, UK | – Baker Hughes, one of the world’s largest oil field services companies and   General Electric Company’s oilfield services arm, said on Tuesday it expected higher rig count in North American and international markets in 2019. The company, which fell just short of estimates for third-quarter profit largely due to weakness in its turbomachinery and process solutions business, also indicated a strengthening offshore drilling market. The results follow those from bigger rivals Schlumberger and Halliburton Corporation, which barely beat quarterly profit estimates and …

Total Nigeria’s Egina FPSO to move to site by Q4 2018

August 08, 2018 | Deepwater, Nigeria, Offshore, Rigs & Vessels

Lagos, Nigeria | – The Nigerian National Petroleum Corporation, NNPC, Total Upstream Nigeria Limited, TUPNI and her partners have concluded plans to move the Egina Floating, Production, Storage and Offloading unit (FPSO) to site in December this year. The planned movement of the facility is based on the expected completion of integration, currently on-going at Ladol in Lagos. In a recent statement, Total indicated that the facility arrived Nigeria from South Korea in January this year according to Nigerian daily newspaper, Vanguard. It stated: “The …

Total says first Kaombo FPSO vessel has arrived in Angola

April 27, 2018 | Angola, Rigs & Vessels

Paris, France | – A floating production, storage and offloading (FPSO) vessel expected to kick off oil production later this summer from Angola’s Kaombo project has arrived on site, French oil and gas multinational  Total said on Friday. A spokeswoman said the 115,000 barrels-per-day capacity vessel, the first of two FPSOs expected to operate in the field, had arrived in Angola after leaving Singapore in March. Total, the operator of the 230,000 barrels per day Kaombo project, in which it has a 30 percent stake, …

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 …