Offshore News
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Oil prices fell by 0.01%-0.17%
As of 21 October 2021, 07:40 (Moscow Time), Brent Crude futures for December delivery were trading 0.17% lower at $85.67 a barrel on the London-based ICE Futures Europe Exchange. Light Sweet Crude (WTI) November futures on the New York Mercantile Exchange declined by 0.01% to $83.43 a barrel. Crude oil…
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Maersk Drilling awarded contract extension to drill world record well in Angola
TotalEnergies E&P Angola has exercised an option for the 7th generation drillship Maersk Voyager to drill the ultra-deepwater Ondjaba-1 exploration well in Angola’s Block 48. The contract extension has an estimated duration of 54 days, which means that Maersk Voyager is now contracted until February 2022. The work on Ondjaba-1…
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Kotug starts operations in Gabon
Supporting Perenco Oil & Gas in optimizing their marine spread with proven Rotor Tug Technology KOTUG International B.V. (KOTUG) has been awarded a long-term contract by Perenco Oil & Gas Gabon S.A. (Perenco) to provide towage support for their operations off Port Gentil, Gabon. The contract includes the chartering, operation,…
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Valaris Drillship Achieves ABS Enhanced Electrical System Notation in World First
Enhanced System Reduces Emissions (HOUSTON) Ultra-deepwater drillship VALARIE DS-12 has become the first vessel in the world to receive the ABS Enhanced Electrical System Notation EHS-E. Valaris upgraded the vessel’s electrical system to secure the notation, which recognizes sophisticated system design to improve reliability and enhance protection. The Valaris electrical…
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The Baltic Exchange Dry Index fell 2.2% to 5,526 on Friday
The Baltic Exchange Dry Index fell 2.2% to 5,526 on Friday, snapping a five-day winning run, but still near a 13-year peak. The Capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, decreased 3.6% to 10,112, but remained close to its highest level since September of 2008; and…
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Crude oil prices rise on high demand
Crude oil prices rose by 1.63%-2.04% As of 11 October 2021, 08:04 (Moscow Time), Brent Crude futures for November delivery were trading 1.63 % higher at $83.74 a barrel on the London-based ICE Futures Europe Exchange. Light Sweet Crude (WTI) November futures on the New York Mercantile Exchange rose by…
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