Altera narrows loss to $127m in 2021
Aberdeenshire-headquartered offshore services group Altera Infrastructure reported a pre-tax loss of $127 million for 2021, as vessel impairments continue to drag on performance.
Rigs & Vessels
Edda Wind orders three more CSOVs to meet booming offshore wind market
Edda Wind has ordered three more commissioning service operation vessels (CSOVs), as it expands its fleet to meet growing appetite from offshore wind developers.
Maersk Drilling secures 21-month contract with TotalEnergies
TotalEnergies (LSE: TTE) has picked Danish firm Maersk Drilling to carry out well intervention services in the North Sea.
Partners Group to acquire vessel operator North Star
Swiss-based private equity firm Partners Group is to acquire Aberdeen-headquartered North Star Group.
Charting a course for hydrogen-powered ferries to the Northern Isles
How close are Scotland’s ferries to running off hydrogen? Peter Ranscombe sets sail to find out.
Petrofac brings in Island Drilling for Orlando workover
Island Drilling has secured a new contract with services group Petrofac to conduct a workover on Tailwind Energy’s Orlando field next year.
Maersk Drilling lands $1billion Aker BP rig deal
Aker BP has agreed to book up two Maersk Drilling oil rigs for five years in a deal worth an estimated $1billion.
Exclusive: BOSS aims for North Sea tests in June
Following the completion of tests in Australia, Blue Ocean Seismic Services (BOSS) is preparing to carry out work in the North Sea in June.
Maersk Drilling says one-well contract terminated
Danish firm Maersk Drilling said today that Dana Petroleum Denmark had terminated a rig deal between the two firms.
Borr Drilling ‘encouraged’ by increased activity as $35m added to backlog
Borr Drilling said in its new fleet status report that it had added $35.1 million over 480 days to its total backlog.
A trio of frontier busters
ShipFC, a frontier-busting, pioneering maritime innovation project looking to install the world’s first ammonia-powered fuel cell on a ship, has taken an important step forward with the award of a contract to the German institute Fraunhofer IMM to develop a catalytic afterburner system.
Updated: Boskalis acquires Rever Offshore’s subsea services business
Dutch vessel contractor Boskalis is buying Rever Offshore’s subsea services business, formerly known as Bibby Offshore.
UK North Sea records fewest exploration wells since 60s
Westwood Global Energy reports that as of December 28 there was one exploration well and one appraisal well active in the UK.
Borr Drilling names new CFO
Borr Drilling has hired Magnus Vaaler as its new chief financial officer, replacing Christoph Bausch with immediate effect.
A stack more floaters are headed for the chop
The direction of travel appears clear; around a quarter of the current offshore floater rig fleet - ships and semi-submersibles - will be sent to the scrapyard near-term.
Cnooc preparing to spud Glengorm appraisal
Westwood Global Energy reports that as of December 2 there was one exploration well active in the UK. So far in 2020, four exploration wells have completed. At the time of writing, the first appraisal well of the year was preparing to spud.
Feud deepens between Awilco and Keppel with second arbitration on the way
A new layer has been added to the bitter feud between Awilco Drilling and rig builder Keppel FELS, with a second arbitration process on the cards.
Altera relocating ‘principal office’ to Aberdeenshire from Bermuda
Floating production vessel contractor Altera Infrastructure is relocating its headquarters from Bermuda to its premises in Westhill, near Aberdeen.
IOG picks Noble rig for southern North Sea core project
Independent Oil and Gas (IOG) has awarded the rig contract for phase one of its core project to Noble Corporation.
Seven Nigerians held after special services stormed oil tanker now bailed
Seven Nigerian men detained after British special services stormed an oil tanker off the Isle of Wight have been bailed, police said.
Use of offshore rigs sees ‘largest monthly drop for 20 years’ – Rystad
Use of offshore drilling rigs globally has seen the largest monthly drop in 20 years, according to analysis from Rystad Energy.
Covid quarantine for oil vessel in Cromarty Firth
Crew members on an oil vessel in Cromarty Firth are isolating after a colleague who remains on board tested positive for Covid-19.