Idle OSV fleet reactivation on the rise as high oil prices spearhead investments, Westwood says

As the stamp of high oil prices in the first half of the year engraves its mark on oil market fundamentals, Westwood Global Energy, an energy market research and consultancy firm, points out the signs of an uptick in offshore … Read More

Shell selects Audubon as contractor for Gulf of Mexico assets

Audubon Engineering, a provider of engineering, procurement, construction, and fabrication services, has entered into a three-year contract with Shell to provide brownfield engineering and procurement (EP) services support for the Mars Corridor in the U.S. Gulf of Mexico. Audubon informed … Read More

Chevron sanctions fresh deepwater project in Gulf of Mexico

Oil and gas major Chevron has sanctioned the Ballymore project in the deepwater U.S. Gulf of Mexico, with the first oil expected in 2025. The Ballymore project, with a design capacity of 75,000 barrels of crude oil per day, will … Read More

Louisiana could build first Gulf of Mexico offshore wind farm by 2026

As the U.S. Bureau of Ocean Energy Management (BOEM) is working towards the first offshore wind auction for the Gulf of Mexico early next year, current legislative developments in Louisiana could lead to the state being the first to build … Read More

Equinor takes over TotalEnergies’ slot for Valaris drillship contract

Offshore drilling contractor Valaris has secured new contracts and extensions, with an associated contract backlog of $181 million. A notable update from the rig owner relates to a drillship contract in the Gulf of Mexico, which has now been novated … Read More

Ramform Titan makes pit stop before Gulf of Mexico seismic job

Petroleum Geo-Services’ (PGS) seismic vessel Ramform Titan has made its first-ever U.S. port call ahead of a survey project in the Gulf of Mexico. Source: PGS Ramform Titan entered Galveston at the end of February, marking the first-ever visit of … Read More

Over $400 million of Valaris backlog hangs in the balance after TotalEnergies abandons project

Valaris has secured new contracts for its rigs, however, over $400 million of backlog related to a drillship contract in the Gulf of Mexico now hangs in the balance. Premium content Checking for account. You need javascript to validate your … Read More

Transocean rigs land new jobs with better day rates

Offshore drilling contractor Transocean has secured more work for four of its drillships and one semi-submersible rig, with some getting better day rates than before, pushing its backlog up to $6.5 billion. Transocean published its latest fleet status report on … Read More

Seadrill rig wraps up drilling ops on deepwater Gulf of Mexico well

A Seadrill-owned drillship has completed drilling operations on a well located in the deepwater Gulf of Mexico. Premium content Checking for account. You need javascript to validate your login status. Premium Premium content Subscribe to continue Become a PREMIUM Subscriber … Read More

U.S. judge quashes Gulf of Mexico oil & gas lease sale due to climate impact

U.S. judge has invalidated the results of an offshore oil and gas lease sale for acreage in the Gulf of Mexico held by the Biden administration late last year on the grounds of failure to properly account for the lease … Read More