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Harsh Environment News

 

Valaris Nets Over $1B in Rig Contract Awards and Extensions

Jan 10, 2024

Offshore drilling company Valaris has secured approximately $1.14 billion in new contracts and contract extensions for its drillships and jack-up rigs across the Americas, Europe and Australia.The $1.14 billion worth contracts were awarded in the last two months of 2023, with the backlog excluding lump sum payments such as mobilization fees and capital reimbursements.These include three new drillship contracts with Petrobras…

Equinor Secures Consent to Drill Two Wells in North Sea

Apr 29, 2024

The Norwegian Offshore Directorate has granted Equinor Energy a drilling permit for two wildcat wells in the North Sea.The approval is for wells 35/10-14 S and 35/10-14 A in production license 1185, valid until February 2029.Equinor is the operator of the license…

NOV Launches Floating Wind Installation Vessel Concept

Nov 27, 2023

NOV has unveiled a new installation vessel concept design tailored specifically for the unique challenges of the emerging floating offshore wind sector.Floating wind farms are often farther offshore, in deeper waters and in harsher environments…

Transocean Posts $220M Q3 Loss. CEO Upbeat About 'Multi-Year' Offshore Drilling Industry Upcycle

Oct 31, 2023

Offshore drilling firm Transocean posted a net loss of $220 million for the third quarter of 2023, on revenues of $713 million.Net loss was higher compared to $165 million in the second quarter of 2023.Contract drilling revenues for the three months ended September 30…

Transocean Secures $172 Million Offshore Drilling Contract Extension in Norway

Jul 05, 2023

Offshore drilling contractor Transocean Ltd. said Wednesday that six one-well options had been exercised for the Transocean Encourage semi-submersible drilling rig in Norway. While Transocean did not specify who the client was, the harsh-environment…

AI-driven Tech Promises to Cut Offshore Well Drilling Times, Costs, and Boost Safety

May 04, 2023

Offshore drilling firm Transocean, on behalf of its clients Wintershall Dea and OMV, has contracted InteliWell to equip and utilize its proprietary InteliWell software on the semi-submersible drilling rig Transocean Norge.InteliWell is a joint…

Transocean's Backlog Grows to $8.6B with Latest Rig Deals in Norway and Australia

Apr 19, 2023

Deepwater drilling company Transocean has secured $546 million worth of drilling contracts in the past quarter, according to its rig fleet status report issued Tuesday.The contracts were secured by four rigs, the Transocean Enabler, Transocean Encourage…

Diamond Offshore's Ocean GreatWhite Rig Kicks Off Five-well Drilling Campaign for BP

Apr 07, 2023

Offshore drilling contractor Diamond Offshore said Thursday that its Ocean GreatWhite semi-submersible drilling rig had kicked off its five-well drilling campaign for BP West of Shetland.'This marks an important milestone for this harsh-environment…

Transocean Adds $113M to Backlog with New Offshore Rig Contract Wins

Mar 29, 2023

Offshore drilling contractor Transocean has won contracts for two of its harsh environment semi-submersible drilling rigs. The contracts are worth around $113 million in total for the firm part.Transocean said that its Transocean Endurance offshore…

TotalEnergies to Use Transocean's Harsh Environment Rig for Benriach Drilling

Mar 10, 2023

TotalEnergies is set to use Transocean's harsh environment semi-submersible drilling rig to drill the Benriach offshore exploration well in the Laggan Tormore area, west of Shetland, UK.As previously reported, TotalEnergies' partner Kistos said…

Belgian Firms Unveil Harsh-environment Offshore Floating Solar Tech

Mar 08, 2023

The Belgian companies DEME, Tractebel, and Jan De Nul on Wednesday introduced a new harsh-environment offshore floating solar technology called SEAVOLT.According to the three firms, SEAVOLT technology (patent pending) can withstand harsh offshore…

Odfjell Oceanwind Launches Floating Wind Foundation Design for 15MW Turbines

Feb 28, 2023

Norwegian floating offshore wind engineering firm Odfjell Oceanwind has launched a floating wind foundation design, the Deepsea Star, that will be able to take 15 MW and larger wind turbine generators (WTGs).  The company has previously received…

Bourbon and Horizon Join Forces to Provide Offshore Vessel Services in North Sea and Canada

Feb 16, 2023

Bourbon and Horizon Maritime have created a new joint venture that will offer marine services and operations in the North Sea and Canadian offshore markets.Incorporated in Norway, the new company is called Bourbon Horizon, and, according to a press release issued Thursday…

Valaris Bags Drilling Contracts in Brazil, U.S. GoM, and UK North Sea

Jan 13, 2023

Offshore drilling firm Valaris said Friday it had recently secured contracts and extensions for its offshore drilling rigs in Brazil, the U.S. Gulf of Mexico, and the UK North Sea.In Brazil, French oil company TotalEnergies exercised an extension option for the VALARIS DS-15 drillship…

ExxonMobil Books Odfjell Drilling-managed Offshore Rig for Canadian Operations

Nov 18, 2022

U.S. oil major ExxonMobil has signed a deal to use the Odfjell Drilling-managed semi-submersible drilling rig Hercules in Canada next year.The contract for the 6th generation rig is expected to start in the second quarter of 2023. The contract has a firm duration of around 135 days…

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