Oceaneering International, Inc. has been awarded several significant contracts for vessel services by global energy companies operating in the Gulf of Mexico. The contracts, focusing on a comprehensive suite of inspection, maintenance, and repair (IMR) services, underscore Oceaneering’s expanding role and enhanced fleet utilization in the region. The initial contract includes a 60-day work commitment […]
Oceaneering International, Inc. (NYSE: OII), a global leader in engineered services and products, has secured a significant contract valued at approximately $50 million. The contract, awarded by a domestic independent energy company, entails the supply of a 27-kilometer (17 miles) electro-hydraulic, steel tube dynamic umbilical for a key project in the Gulf of Mexico. The […]
In a significant development for the offshore oil and gas sector, Subsea7 has announced the acquisition of a substantial contract, valued between USD 300 million and USD 500 million, from Woodside Energy. This contract entails Subsea7 providing subsea installation services for the Trion development, a notable project situated approximately 30 kilometers south of the US/Mexico […]
ODYSEA has announced a landmark achievement in offshore pipeline installation, employing its cutting-edge Goldilocks (GDLX) insulation technology, powered by ExxonMobil’s Proxxima polyolefin thermoset resin systems. This project, involving the installation of approximately eleven kilometers of deepwater pipelines, has been completed successfully with zero safety incidents and ahead of schedule. The utilization of GDLX insulation technology […]
Shell Offshore Inc., a key subsidiary of Shell plc, has announced the commencement of production at the Rydberg project, a significant addition to the deep-water portfolio in the Gulf of Mexico. This new venture is expected to yield an impressive peak production rate of 16,000 barrels of oil equivalent per day (boe/d), positioning it as […]
Esperanza Capital Partners (ECP) and Andros Capital Partners LLC (Andros) have announced a definitive agreement to acquire assets in the Ursa and Princess Fields (Ursa) from Exxon Mobil Corporation (ExxonMobil), alongside the establishment of a strategic joint venture. This venture is aimed at the acquisition and development of upstream and infrastructure assets within the Deepwater […]
TechnipFMC (NYSE: FTI), a global leader in oil and gas projects, has been awarded a significant contract, valued between $75 million and $250 million, by bp (LON: BP) for the Argos Southwest Extension project in the Mad Dog field. This major contract highlights the growing investment and technological advancements in deepwater oil exploration in the […]
In a significant move within the energy sector, Talos Energy Inc. (“Talos”) (NYSE: TALO) announced the execution of definitive agreements to acquire QuarterNorth Energy Inc. (“QuarterNorth”) for $1.29 billion, a transaction expected to reshape the dynamics of deepwater exploration in the Gulf of Mexico. The deal, which involves a mix of stock and cash, is […]
In a significant development for the energy sector, Wood has secured a detailed engineering contract for the topsides facilities of Woodside Energy’s Trion Floating Production Unit (FPU) in the Mexican waters of the Gulf of Mexico. HD Hyundai Heavy Industries, serving as the project’s engineering, procurement, and construction (EPC) provider, awarded the contract to Wood. […]
Danos, a recognized leader in energy services, recently announced the renewal of its contract with bp, a global integrated energy company. This agreement extends Danos’ responsibility for providing comprehensive drilling logistical services for bp’s Gulf of Mexico assets. The contract highlights the continuation of a fruitful partnership that began in 2017. Under the renewed contract, […]