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Latest news - Contracts

Valaris executes drillship contracts with bp, TotalEnergies totaling $65 million

Valaris executes drillship contracts with bp, TotalEnergies totaling $65 million   Valaris Limited announced new contracts and contract extensions, with an associated contract backlog of approximately $65 million. Valaris executed a one-well contract with bp offshore Brazil for drillship VALARIS DS-15. The contract is expected to commence in the late first quarter or early second quarter 2024 in direct continuation of the rig’s current program, with TotalEnergies, and has an...

Equinor has awarded COSL Offshore Management AS two contracts on Norwegian continental shelf

Equinor has awarded COSL Offshore Management AS two contracts on Norwegian continental shelf   Equinor has awarded COSL Offshore Management AS two contracts and will employ COSLPromoter and COSLInnovator on the Norwegian continental shelf. The contract values are calculated at around US$369 million for both firm periods. The COSLPromoter is already contracted to Equinor and will commence on the new contract in the first quarter of 2025. The firm contract is for one year, with op...

Equinor awards $369m drilling contracts to COSL

Equinor awards $369m drilling contracts to COSL The contracts are for COSL’s semi-submersible rigs COSLPromoter and COSLInnovator.   Oil and gas company Equinor has awarded two drilling contracts to COSL Offshore Management for work on the Norwegian Continental Shelf (NCS). The contracts, worth $369m (Nkr3.9bn), are for COSL’s semi-submersible rigs COSLPromoter and COSLInnovator. Equinor said the contracts cover casing running, maintenance of cement units, offshor...

Peterson wins logistics contract from Harbour Energy

Peterson wins logistics contract from Harbour Energy   Peterson Energy Logistics has been awarded a logistics contract from Harbour Energy to support its North Sea operations from Aberdeen. The five-year fixed-term contract includes an option to extend for a further five years and will see Peterson deliver the full spectrum of carbon-neutral logistics services for Harbour Energy. The new agreement secures local jobs in Aberdeen and the Northeast of Scotland, and the longer contract...

DeepOcean awarded Equinor contract

DeepOcean awarded Equinor contract   Oslo-headquartered ocean services provider DeepOcean has been awarded a contract by Equinor to support riser replacement operations at a platform located in the northern part of the North Sea. While the value of the contract has not been disclosed, DeepOcean’s contract scope covers engineering, transportation, and installation of the gas export riser, subsea tie-ins, and pre-commissioning support for the Troll B – Increased Gas Expor...

Oilenco Win Multiple P&A Tooling Contracts Across Europe

Oilenco Win Multiple P&A Tooling Contracts Across Europe   Oilenco have been awarded multiple contracts to supply a package of plug and abandonment tooling to operators and decommissioning specialists across Europe.   A unique tool, central to this package, is the Oilenco pressure wave valve, an intervention-free, open-on-demand equalising device.  Blair McCombie, Operations Director, for the well intervention tooling specialist comments; “since its first instal...

Wood EPCm contract extended by Australia’s Woodside Energy

Wood EPCm contract extended by Australia’s Woodside Energy   Australian oil and gas major Woodside Energy (Woodside) has awarded a contract extension and front-end engineering design (FEED) work to the UK’s John Wood Group (Wood). Woodside has extended Wood’s brownfield engineering, procurement and construction management (EPCm) contract until October 2025. The EPCm contract is aimed at supporting the operations of the North West Shelf (NWS) project in Australi...

Sentinel Subsea continues international growth with contract wins worth seven figures

Sentinel Subsea continues international growth with contract wins worth seven figures   Passive well integrity monitoring specialists, Sentinel Subsea, has announced further international expansion following contract wins worth seven figures. This announcement marks continued industry success for the company’s pioneering passive subsea monitoring technology, WellSentinel™. Reporting a significant increase in deployments since the beginning of the year, Aberdeen-based Se...

SFL wins $100 million drilling contract for Hercules semi-submersible rig from Equinor

SFL wins $100 million drilling contract for Hercules semi-submersible rig from Equinor   SFL Corporation Ltd. has signed a drilling contract in Canada with a subsidiary of Equinor ASA for the harsh environment semi-submersible rig Hercules. The estimated contract value is approximately $100 million. The contract is for one well plus one optional well, and is expected to commence in the second quarter of 2024. The duration for the firm contract period is approximately 200 days, incl...

TWMA secures bp Egypt contract worth $15 million

TWMA secures bp Egypt contract worth $15 million   TWMA has been awarded a contract worth up to $15 million to support a large-scale oil and gas project for bp in Egypt. The drilling waste management specialists will utilise its award-winning RotoMill® drill cuttings processing technology to process all drilling waste generated from bp’s WND & END exploration and development project in the Mediterranean Sea. Expected to last up to five years, work will commence in Oct...

Arabian Drilling wins deal extensions worth $800m from Aramco

Arabian Drilling wins deal extensions worth $800m from Aramco   Arabian Drilling Company, has announced that Aramco has extended several onshore and one offshore rig contracts worth about SR3 billion ($800 million), due to expire in 2023, for periods ranging from 3 to 10 years.   Ghassan Mirdad, Chief Executive Officer of Arabian Drilling, the onshore and offshore drilling champion in Saudi Arabia, commented: “We are very pleased with the trust placed in us by our custome...

Saipem bag more contracts

Saipem bag more contracts   Italy’s engineering, drilling, and construction services giant Saipem is on a roll, as it lined up its second batch of contracts in two days and its third one since the start of this month. The latest set of deals was secured with two oil majors. These assignments, awarded by Eni and BP, come with a total value of around $700 million. The Italian giant won the first contract with Eni Congo for the conversion of the Scarabeo 5 semi-submersible drill...

EnerMech wins five-year £12 million contract with TotalEnergies EP Congo

EnerMech wins five-year £12 million contract with TotalEnergies EP Congo Work scope covers crane and lifting maintenance at new facility -   Integrated solutions specialists EnerMech has been awarded a five-year multi-million contract by TotalEnergies EP Congo for crane and lifting maintenance at a new facility to be built at Pointe-Noire, the second largest city in Congo. The work scope will include specific maintenance of crane and lifting equipment, and onshore and offs...

Aker secures subsea umbilicals contract for Ndungu project offshore Angola

Aker secures subsea umbilicals contract for Ndungu project offshore Angola Work on the project will start immediately and delivery is expected in the fourth quarter of 2024.   Norway’s energy sector-focused engineering company Aker Solutions has secured a contract from Azule Energy to supply subsea umbilicals for the Ndungu project offshore Angola. Azule Energy is a 50/50 independent joint venture between oil and gas majors bp and Eni. Eight infield umbilicals, includin...

Saipem wins €1.8bn offshore E&C contracts in Romania and Germany

Saipem wins €1.8bn offshore E&C contracts in Romania and Germany   Saipem has bagged two new contracts with a combined value of around €1.8bn to carry out offshore engineering and construction (E&C) activities in Romania and Germany. The first contract to the Italian energy contact pertains to the Neptun Deep gas development project in the Black Sea, Romania. Valued at around €1.6bn, the contract has been awarded by OMV Petrom. The second contract was give...

Borr Drilling wins two contracts totaling $73.8 million

Borr Drilling wins two contracts totaling $73.8 million   Borr Drilling Limited has secured two letters of awards (“LOA”) for its premium jack-up drilling rigs Gerd and Thor. These awards increase the company’s firm backlog by approximately 421 days, excluding optional periods. The premium jack-up drilling rig Gerd has secured a binding LOA from an undisclosed customer for work in the Middle East. This contract will cover a firm scope of 270 days, and one unpriced...

Shelf Drilling secures $17 million contract in UK North Sea

Shelf Drilling secures $17 million contract in UK North Sea   Shelf Drilling, Ltd. has secured a contract for the Shelf Drilling Fortress jack-up rig with CNOOC Petroleum Europe Limited for operations at the Golden Eagle platform in the UK Central North Sea. The firm term of the contract is two wells, approximating to between four and five months. The contract value for the firm period is approximately $17 million. The contract also includes options for additional wells with a tota...

Wood signs global framework agreement with Shell

Wood signs global framework agreement with Shell   Wood, a global consulting and engineering company, has been awarded a multi-year enterprise framework agreement (EFA) to continue to provide services to Shell’s global projects. Bringing specialist consulting, engineering, procurement and project management expertise to Shell’s greenfield and brownfield projects, the agreement will see Wood continue to support projects that ensure energy security and enable energy tran...

Arabian Drilling secures Aramco contracts for 10 more rigs

Arabian Drilling secures Aramco contracts for 10 more rigs   Arabian Drilling, one of the largest national onshore and offshore drilling contractor in Saudi Arabia, announced multiple contracts awards from Aramco for ten additional Land Rigs.   The contracts' firm terms durations (i.e., excluding options) are five years with estimated aggregate contracts value representing over three billion Saudi Riyals.   These ten contracts awards are for additional land rigs assi...

£2.6m Sea Axe contract wins for innovative JBS

£2.6m Sea Axe contract wins for innovative JBS   Award-winning JBS Group, the innovative multi-disciplined engineering firm, is executing a series of contract wins worth £2.6m for its Sea Axe technology. The company, based in Peterhead, is undertaking – or has already completed – several projects in the UK and internationally with the patented solution which enables fast, large-scale mass flow excavation (MFE). The programmes of work include recent suppo...
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