Floating Production – A Growing Segment in Transition
floating production region from 2024-2030 is forecast to be Asia Pacific. Over 60% of the activity in the region is anticipated to come from FPSOs, with FLNGs and FPUs each accounting for around 20% of the units.Over 80% of the activity forecast for North America will be located in the U.S and Mexican Gulf of Mexico. The region will be home to the largest number of FPUs, accounting for close to half of our global forecast.A Segment in TransitionWe are noting a transition in the business models of many floating production system owners. Changes include deploying the latest technologies to decarbonize
Transocean to Buy Ocean Rig in $2.7 Bln Deal
, which are more costly than onshore work and take years to develop, became less attractive after oil prices fell to below $30 a barrel in 2016.Global crude prices have since recovered to above $70, renewing producer interest in offshore basins around the world, including Brazil and the U.S. and Mexican Gulf of Mexico.The deal would provide Switzerland-based Transocean with nine ultra-deepwater drillships and two semisubmersibles, the company said. Annual cost savings are projected to be about $70 million."The combination of constructive and stable oil prices over the last several quarters, streamlined
CGG Completes Perdido Subsalt Survey for Pemex
RTM image for the first block of approximately 5,200 sq. km was delivered earlier than planned, helping to guide the client’s drilling operations. This landmark survey also saw the first deployment of Sercel’s QuietSea next-generation Passive Acoustic Monitoring (PAM) system in the Mexican Gulf of Mexico after receiving accreditation from ASEA, Mexico’s oil and gas environmental authority. The system was seamlessly integrated into the five-vessel WAZ fleet and demonstrated its reliability and ease-of-use for providing clear and accurate mammal localization information during seismic
Aker Solutions Wins First Order in Offshore Mexico
of Veracruz at depths of between 900 and 1,200 meters in the Gulf of Mexico. It is targeted to supply 400 million standard cubic feet per day. "The Lakach field is Mexico's first deepwater subsea development by Pemex and Aker Solutions is proud to deliver the first umbilical to the Mexican Gulf of Mexico," said Marc Quenneville, head of Aker Solutions' subsea business in North America. The umbilicals will be manufactured in Mobile, Alabama, and the order will be completed in the third quarter of 2016. Aker Solutions is the market leader in subsea umbilicals, which are used to supply
Aker Solutions Wins Offshore Mexico Order
of Veracruz at depths of between 900 and 1,200 meters in the Gulf of Mexico. It is targeted to supply 400 million standard cubic feet per day. "The Lakach field is Mexico's first deepwater subsea development by Pemex and Aker Solutions is proud to deliver the first umbilical to the Mexican Gulf of Mexico," said Marc Quenneville, head of Aker Solutions' subsea business in North America. The umbilicals will be manufactured in Mobile, Alabama, and the order will be completed in the third quarter of 2016. Aker Solutions is the market leader in subsea umbilicals, which are used to supply
Ranger Acquires Technip USA's Diving Assets
to retain an ongoing relationship with Technip, as evidenced by a multiyear preferred subcontractor agreement. Furthermore, the acquired business model complements that of Rangers', being non-capital intensive and a platform for flexible growth." The assets are used in the U.S. and Mexican Gulf of Mexico and Caribbean, for diving support construction services directly to Technip USA and third party customers. The assets have established accreditation and decades of proven performance, along with best in class diving procedures that meet the strict standards of major IOCs, independents and
Law Firm Ince & Co Advise on Huge Jack-Up Rig Deal
Co (Singapore) LLP represented Oro Negro in its international bond issuance, an offering of US$725-Million Notes due 2019. Partner Martin Brown described the issue as very good news for both the global high yield market and the oil services sector including the jack-up rig market operating in the Mexican Gulf of Mexico. Ince & Co explain that the purpose of the issuance is to refinance the acquisition of three already delivered new jack-up rigs, to finance the acquisition of a fourth new jack-up rig, and for general corporate purposes. Martin Brown, who heads the company's finance group in Singapore
Deepwater Drillship Chartered Before Delivery
Management Ltd. commented, "We are delighted to have signed our first contract with LLOG, a leading independent operator in the Gulf of Mexico. This award complements our expanding deepwater operations in the area with Seadrill's fleet growing to six ultra-deepwater units within the US and Mexican Gulf of Mexico over the next 18 months. In addition, this contract brings Seadrill's order backlog to US$20.9 billion. We continue to experience strong demand for premium ultra-deepwater rigs and expect to further increase our backlog and earnings visibility in the next months as our additional ultra-deepwater
February 2025
