Global jackup marketed utilization has been on an upward trajectory since 2017 and reached its peak of 94% at the end of 2023. The North Sea jackup market has also improved year-on-year since 2017, except for a blip in 2020 when the pandemic kicked in, however booming demand isn’t the main driver behind this but instead a shrinking fleet.

2023 was a year of recovery in the wake of the Ukraine conflict and subsequent impact on energy prices. Norway continues to play a vital role in contributing to Europe’s energy security and saw a record volume of project approvals and planned investment.

DOF has been awarded a contract by Altera Infrastructure to install one FPSO (Floating Production, Storage and Offloading unit) and one FSO (Floating Storage unit) for the phase 2 development of the Baleine field in Cote d'Ivoire, West Africa, operated by Eni with Petroci Holding as partner.

TotalEnergies and its partners announce the start of production from the Akpo West field on the PML2 license in Nigeria.

TDI-Brooks, as a subcontractor of Drebbel de Mexico out of Cd. del Carmen, successfully and safely completed a geotechnical coring campaign. TDI-Brooks deployed its geotechnical coring tools and operators on the Laguana Azul. A total of one-hundred fifty-eight (158) gravity CPT’s (gCPT´s) and eight (8) T-Bar´s in three (3) pipeline corridors was performed.

Ocean services provider DeepOcean has been awarded a contract by ExxonMobil Guyana for the provision of subsea construction and IMR (inspection, maintenance, and repair) services offshore Guyana.

Diamond Offshore Drilling, Inc. has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the Ocean BlackLion, commencing in September 2024 in direct continuation of the rig’s current contract.

TotalEnergies and Vantage Drilling International have signed a binding agreement to create a new joint venture (JV) that will acquire from Vantage the Tungsten Explorer drillship. Pursuant to the terms of the agreement, TotalEnergies will pay $199 million for a 75% interest in the JV owning the rig, with Vantage owning the remaining 25%. Leveraging on Vantage’s deep offshore drilling experience and longstanding collaboration with TotalEnergies, the JV will contract Vantage to operate the Tungsten Explorer for 10 years.

The floating liquefied natural gas (FLNG) vessel that is a core component of the Greater Tortue Ahmeyim (GTA) LNG project has arrived at its destination on the Mauritania and Senegal maritime border.

The American Petroleum Institute (API) released the following statement from Senior Vice President and General Counsel Ryan Meyers after filing a petition today challenging the Biden administration’s 2024-2029 National Outer Continental Shelf Oil and Gas Leasing Program:

EthosEnergy, which specializes in services and solutions for rotating equipment in the energy and industrial sectors, has signed a five-year master service agreement (MSA) with Harbour Energy.

AGR has been awarded a long-term contract for the provision of blowout and well control studies and associated services to Vår Energi’s activities on the Norwegian continental shelf.

TechnipFMC has been awarded a substantial contract by Shell plc for the first integrated Engineering, Procurement, Construction, and Installation (iEPCI™) project to use high-pressure subsea production systems rated up to 20,000 psi (20K).

Global energy and marine consultancy ABL has recently finalized its marine warranty survey scope in connection with the successful installation of Germany’s Ostsee Anbindungsleitung (OAL) subsea pipeline, with the first gas feed-in expected imminently.

Helix Energy Solutions Group, Inc. announces the extension of its decommissioning contract with Trident Energy do Brasil Ltda. The contract extension is for an additional 12 months and in direct continuation of the current contract.

Drilling waste management specialist, TWMA, has been announced as a finalist in the prestigious Oil and Gas Middle East Awards for its latest generation of RotoMill^® technology.