Offshore News
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Maersk Drilling and Aker BP agree to rig swap for extended scope offshore Norway
Maersk Drilling and Aker BP have entered into a rig swap agreement whereby the jack-up rig Maersk Reacher is to be replaced by the low-emission jack-up rig Maersk Integrator offshore Norway end-February/early March 2022. Maersk Integrator will be prepared for well intervention and stimulation activities at the Valhall and Hod…
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Wilhelmsen Ship Management acquires 80% interest in Ahrenkiel Tankers
The remaining 20% stake in Ahrenkiel Tankers will remain with the current owner, MPC Capital Group. Norway’s Wilhelmsen Ship Management has reached an agreement to purchase an 80% stake in Hamburg-based Ahrenkiel Tankers for an undisclosed sum. Under the agreement, the management of five tankers will be transferred to the…
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Maersk Drilling awarded one-well extension for Maersk Valiant
TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant. The contract extension has an estimated duration of 100 days, with work expected to commence in March 2022 in…
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Equinor : Revision to Mariner reserves
Equinor revised its estimate of the total recoverable reserves in the Mariner field from an earlier assessment of approximately 275 mmbbl to about 180 mmbbl. The revision will result in an impairment in the region of USD 1.8 billion which will be reflected in IFRS net operating income for Equinor’s…
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MMA Offshore announces several contract awards
MMA Offshore has recently been awarded a number of new contracts including two significant long-term vessel contracts, a further hydrographic survey scope for the Department of Defence, and a geotechnical survey scope for the Marinus Link Project – a key project supporting the decarbonization of Australia’s economy. The two-vessel contracts…
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ExxonMobil reaps windfall of up to $1.9billion from oil and gas rally
ExxonMobil said higher crude oil and natural gas prices boosted quarterly results by as much as $1.9 billion Gas prices added $700 million to $1.1 billion to earnings in the quarter that ends this week, Exxon said in a filing Oil, meanwhile, added another $400 million to $800 million, compared…
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