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Billion barrel Bay du Nord oil project reboot

Norwegian operator sizes up bigger FPSO for Canadian project as talks with shipyards resume Norwegian operator Equinor has reignited its stalled Bay du Nord oil project offshore eastern Canada with plans for a larger floating production, storage and offloading vessel that can produce 200,000 barrels per day of oil. The development was shelved in 2020 […]

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‘Musical chairs’: Deep-water drilling duo see tightening rig market amid industry recovery

Stability in Brent crude futures viewed as ‘highly constructive’ for offshore project demand globally Offshore drilling contractors Transocean and Valaris are considering all the increased customer inquiries, discussions, and contract awards realised during the third quarter of 2021 as a positive outlook for the sector. Citing customer conversations and increased utilisation and dayrat

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