This year proved once again that the maritime industry is one of the most important and exciting industries on the planet. As 2023 comes to a close, we’re taking a…
offshore oil and gas
Seadrill Secures $1.1 Billion Contracts with Petrobras
Offshore drilling contractor Seadrill Limited (NYSE & OSE: SDRL) has been awarded fixed-term contracts by Petrobras for its drillships, West Auriga and West Polaris. The contracts, which were obtained through a competitive bidding…
https://gcaptain.com/seadrill-secures-1-1-billion-contracts-with-petrobras/
Gulf of Mexico Lease Sale Nets $382 Million, Most Since 2015
Dec 20 (Reuters) – A Biden administration auction of Gulf of Mexico drilling rights raised $382 million on Wednesday as oil companies claimed offshore acreage for what is set to be the last time…
https://gcaptain.com/gulf-of-mexico-lease-sale-nets-382-million-most-since-2015/
Chunk of Norway’s Offshore Gas Discoveries Risk Going Untapped
(Bloomberg) — A swath of Norway’s offshore gas discoveries risk remaining untapped due to challenges ranging from complex reservoirs to costs of production. By the end of last year, there…
https://gcaptain.com/chunk-of-norways-offshore-gas-discoveries-risk-going-untapped/
Rem Offshore Secures New Contracts Worth $140 Million, Doubling Backlog
Norway-based Rem Offshore (OSE: REM) has announced new long-term contracts worth US $140 million (NOK 1.5 billion), doubling the offshore vessel supplier’s contract backlog. Rem Inspector has been awarded contracts…
Tidewater Shares Tumble as OSV Day Rates Set New High-Water Mark
Shares of Tidewater Inc. (NYSE:TDW) fell more than 10% on Tuesday after the company reported impressive revenue of nearly $300 million in the third quarter amid rising day rates for…
Oil Mega-Merger: Chevron to Buy Hess Corp for $53 Billion
By Sabrina Valle and Mrinalika Roy HOUSTON, Oct 23 (Reuters) – Chevron Corp agreed to buy Hess for $53 billion in stock to gain a bigger U.S. oil footprint and a large stake in rival Exxon Mobil Corp’s massive Guyana…
https://gcaptain.com/oil-mega-merger-chevron-to-buy-hess-corp-for-53-billion/
Chevron Wins Piece of Exxon’s Guyana Oil Riches With Hess Deal
By Kevin Crowley (Bloomberg) — The crown jewel of Chevron Corp.’s $53 billion acquisition of Hess Corp. is a piece of larger rival Exxon Mobil Corp.’s prized asset. Chevron is gaining…
https://gcaptain.com/chevron-wins-piece-of-exxons-guyana-oil-riches-with-hess-deal/
Oil Industry Titans Turn on Trump
By Jennifer A. Dlouhy (Bloomberg) — Oil industry leaders contributed top dollar to President Donald Trump in 2020. But now oil and gas titans are underwriting his GOP rivals instead. Florida…
Brazil’s Petrobras Gets Permit to Start Drilling at Key Offshore Area
(Bloomberg) — Petroleo Brasileiro SA received a permit to research oil in a promising offshore region in Brazil’s Northeast as the energy giant seeks to open up new basins to…
https://gcaptain.com/brazils-petrobras-gets-permit-to-start-drilling-at-key-offshore-area/