Sapura News

Esgian reports various drilling contractors disclosing details of discussions with Saudi Aramco regarding jackup contract suspensions in its Week 14 Rig Analytics Market Roundup. These contractors include Shelf Drilling, ADES, Borr Drilling, Arabian Drilling, COSL, and ARO Drilling.Meanwhile, Transocean, Noble, and COSL rigs have firmed up new work in the US Gulf of Mexico, Suriname, and the North Sea, respectively.Report overview:ContractsShelf Drilling has received a notice of suspension of operations on four jackup rigs from a customer in the Middle East.

Malaysia's Sapura Energy has, through a joint venture company, secured a charter extension with Brazil's Petrobras for the pipelaying support vessel (“PLSV”) Sapura Esmeralda. The contract is worth around RM580 million (around $130 million). The contract was awarded to Sapura Navegação Marítima S.A., a wholly-owned subsidiary of Seabras Sapura Participações S.A., a joint venture company between Sapura Offshore Sdn. Bhd. and Seabras Serviços De Petroleo S.A.The contract scope of work includes the provision of services and charter of installation and recovery of flexible pipes in the Brazilian waters in a maximum water depth of 2,500 meters.

Singapore-based shipbuilder Keppel has terminated three construction contracts signed years ago, citing clients' failure to pay up. The terminated contracts are related to orders made by TS Offshore, Sapura Energy, and Crystal Heights. TS Offshore, in March 2014, ordered a 500 feet water depth N Plus jack-up rig, worth about US$500 million (“TS Jasper Vessel”). In January 2014, Keppel also secured an order for the Sapura Raiqa Semi-Submersible Self-Erecting TAD Rig, and in July 2015, Crystal Heights ordered a high-specification liftboat worth around $85 million.

Malaysian company Sapura Energy has agreed to sell its pipe-laying and crane vessel Sapura 3000 for $71.5 million to Safeen Feeder Company – Sole Proprietorship LLC, a company in the Abu Dhabi Ports Group of Companies."The proposed asset disposal exercise is part of the Group’s reset plan, which focuses on Sapura Energy’s long-term sustainability by improving its liquidity position, streamlining its operating model and providing greater flexibility for strategic growth," Sapura…

Singapore-based Sembcorp Marine has secured an exclusive contract from floating production firm Altera Infrastructure, to carry out the Front-End Engineering Design (FEED) work for an FPSO to be built for Santos' Dorado oil and project offshore Australia.Dorado. located in the Bedout Sub-basin, offshore Western Australia,  is an oil and gas project which is expected to have an initial oil production of 75,000 to 100,000 barrels per day, with subsequent development of significant…

Golar LNG said on Monday Hygo Energy Transition Ltd, a joint venture between Golar and U.S. private equity firm Stonepeak Infrastructure Partners, has appointed Paul Hanrahan as chief executive officer after Eduardo Antonello stepped down, following a corruption investigation in Brazil.Antonello has been accused by Brazilian federal prosecutors of bribery in a massive Car Wash corruption probe that in six years has led to the jailing of two former Brazilian presidents and hundreds of executives and politicians, with Brazilian and Dutch police executing dozens of search warrants.Operation Car Wash: Seadrill Served with Search and Seizure…

Golar LNG said on Tuesday Hygo Energy Transition Ltd Chief Executive Officer Eduardo Antonello has taken leave of absence with immediate effect, following a corruption investigation involving him in Brazil.Golar said Antonello's leave was in no way linked to any action or misconduct during his tenure at Hygo Energy, a liquefied natural gas transport and infrastructure operator formed with U.S. private equity firm Stonepeak Infrastructure Partners.Antonello's functions will be taken over temporarily by Hygo's board, Golar said.Last Thursday, Brazilian federal prosecutors accused Antonello of bribery in court filings outlining a new phase of the massive Car Wash graft probe…

Offshore drilling contractor Seadrill said Thursday its Brazilian subsidiary had been served with a search and seizure warrant in relation to a bribery investigation."Seadrill Limited confirms that today its subsidiary Seadrill Serviços de Petroleo, Ltda was served with a search and seizure warrant from the Federal Police in Rio de Janeiro, Brazil as part of the latest phase of Operation Car Wash."Operation Car Wash is a years-long corruption investigation by the Brazilian Federal Police that covers, among others, allegations that some Petrobras executives have been taking bribes to award contracts to service providers."Seadrill is cooperating fully with the ongoing investigation," the company said.

The global heavy lift vessel market is a difficult place to be. Utilization for the fleet has remained depressingly low since the first oil and gas downturn in 2014, currently hovering around 33% for the global fleet with a lift capacity of over 800 tonnes, according to IHS Markit’s ConstructionVesselBase. Fixed platform installation work, the traditional market driver for the heavy-lift fleet in oil and gas, has seen demand fall significantly. According to global figures from IHS Markit’s FieldsBase, 190 fixed platforms were installed in both 2013 and 2014, rising to 219 in 2015.

Offshore project sanctions in Southeast Asia could lift greenfield investments in the oilfield services market by nearly 70 percent in 2020, said Rystad Energy.According to Norwegian energy research firm, the growth will be driven by a handful of new mega-projects across Malaysia, Myanmar and Vietnam, according to the latest tally of project commitments in Southeast Asia by the Norwegian energy research and consulting firm.New final investment decisions (FIDs) in 2021 are expected to sound the starting gun for big contract awards in Vietnam, Indonesia and even politically-troubled Brunei.“We anticipate that operators will aim to place most of the associated contracts within their domestic markets…

Subsea services specialist Sapura Brazil has signed a five-year optimized maintenance agreement with Wärtsilä.As per the agreement the the Finnish tech major will support Sapura’s fleet of six pipe-laying support vessels' (PLSV) operational performance and increase both its efficiency and reliability by accurately predicting maintenance requirements. This will also help lower operating costs.The Wärtsilä solution includes asset diagnostics of the vessels’ main engines and thrusters to define the actual condition of the equipment. This enables a predictive maintenance strategy whereby servicing activities and overhauls are carried out according to the known condition of the equipment components…

Malaysia’s oilfield services player Sapura Energy said it has has clinched contracts worth a total of MYR 1 billion ($242 million) for several new oil patch deals and one – the company’s first – offshore wind contract.The 10 new contracts are for its engineering and construction and drilling segments across Malaysia, Thailand, Taiwan and Australia, said a press release from the company.In addition, the company has been selected for a frame agreement with Petroliam Nasional Bhd (Petronas) for fixed offshore structure works, the company said in a statement today.Regarding the first offshore wind farm contract, the statement said, "Sapura Offshore Sdn Bhd (Sapura Offshore) has been awarded a contract by Yunneng Wind Power Co. Ltd.

Malaysian integrated oil and gas services company Sapura Energy Berhad has been awarded five new contracts valued at approximately RM1.3 billion ($US311 million).All five contracts have been awarded to the Sapura’s wholly owned subsidiaries, with works to take place in Malaysia, Indonesia, Australia and the Gulf of Suez."The contract wins demonstrate Sapura Energy’s continued pursuit to deepen its presence in existing core markets, break into new markets and expand its scope of services," said a press release.The growing orderbook is expected to increase asset utilisation for the Group and contribute to improving its financial performance.

Malaysia-based integrated oil and gas services Sapura Energy Berhad has strengthened its presence in Mexico and Malaysia with new contract wins valued at approximately RM1.75 billion (USD 410 mln).The new contracts have lifted the company’s orderbook to RM18 billion and total contract wins to-date for this financial year to RM7 billion (USD 1.68 bln).Sapura Energy has built capabilities and expertise that are critical to support its clients in their quest to meet global energy demand and as a result, has a strong track record that has opened up greater prospects in the opportunity funnel for the company worldwide.In line with the company’s pursuit for growth and strategy to capitalise on the industry upturn…

Malaysia’s Sapura Energy has entered into a heads of agreement with Austria’s OMV to form a strategic partnership and acquire half of Sapura Upstream for $1.6 billion."Under the agreements, OMV Exploration and Production GmbH (OMV E&P), a wholly-owned subsidiary of OMV Aktiengesellschaft, will buy a 50 per cent stake of the enlarged issued share capital in a newly-formed joint venture company, SEB Upstream Sdn Bhd (SUP), based on an enterprise value of up to USD1.6 billion comprising an equity value of up to USD1,250 million and debt of USD350 million," said a statement from Sapura Energy Berhad.The integrated oil and gas services company based in Selangor…

Asia's oil and gas producers are starting to revive projects aimed at deflating years of ballooning energy imports after new investment dried up following the 2014 industry crisis. Spending has so far been driven mainly by state oil companies such as India's ONGC, Thailand's PTTEP and PetroVietnam, which need to produce more oil and gas to ensure their countries' energy security, executives said this week during an industry event in Kuala Lumpur, Malaysia. Asia is by far the biggest, fastest-growing consumer of oil, yet its output is falling faster than in any other region.

SapuraKencana Petroleum Berhad's (“SapuraKencana”) presence in Brazil continues to grow after entering the market with its first pipelaying support vessel (“PLSV”), Sapura Diamante, on June 28, 2014. On 14 February 2016, its latest PLSV, Sapura Jade commenced work with Petróleo Brasileiro S.A (“Petrobras”) on schedule in Brazil. SapuraKencana’s offshore operations are being executed in Brazil for Petrobras by its Brazilian joint venture company Sapura Navegacao Maritima (“SNM”), a 50:50 venture with offshore drilling company Seadrill Ltd. In November 2011 and in June 2013, SapuraKencana’s joint venture company in Brazil, SNM, was awarded…

Royal IHC has named and launched the pipelaying vessel, Sapura Rubi, in a ceremony at the company’s shipyard in Krimpen aan den IJssel, The Netherlands. The naming of the fully integrated vessel was performed by  Glaucia Maciel, Human Resource Manager of Sapura Navegação Marítima S.A. The Sapura Rubi is the fifth 550t pipelaying vessel that IHC is supplying to Sapura Navegação Marítima, a joint venture between SapuraKencana and Seadrill. All five vessels are being completely designed, engineered and built by IHC.

Netherlands-based Royal IHC today named and launched new pipelaying sister vessels, Sapura Jade and Sapura Ônix, in ceremonies at the company’s shipyard in Krimpen aan den IJssel, The Netherlands. Sapura Jade’s naming was performed by Belle de Bruin, managing director of the Indofin Group, following the naming of Sapura Ônix by Dahlia Abdul Aziz, spouse of Alex Monsen, JV board member and VP of newbuild/senior vice president of Seadrill. The Sapura Jade was ordered by Sapura Navegação Marítima, a joint venture between SapuraKencana and Seadrill.

Royal IHC has acquired SAS Offshore, which is based in Alphen aan den Rijn, The Netherlands. SAS Offshore is specialised in designing and manufacturing high quality deck equipment for the offshore oil and gas market. This acquisition enables IHC to further secure its position as a supplier of reliable integrated offshore systems and integrated vessels in this sector. SAS Offshore was originally founded in 1896 in Gouda and it has a long track record in delivering pipelaying systems and winches, including ancillary equipment and services. The company also holds a minority shareholding in the Norwegian engineering and service company AXTech, and this stake has also been taken over by IHC.

Consolidated Oil and Gas Petrobras in Brazil and abroad, production amounted to 2 million 795 thousand barrels of oil equivalent per day (boe) in October. This volume was 0.5% higher than in September, which was 2 million 781 thousand boe. Oil production in Brazil grew by 0.4% compared to September, and reaches a new high. Oil production from Petrobras in Brazil reached in October average of 2 million 126 thousand barrels / day (bpd), 0.4% higher than what occurred in September, 2 million 118 thousand bpd. This volume represents a new record, surpassing the previous high, reached in December 2010 at 4800 bpd. October was the ninth consecutive month of growth in oil production company in the country.

Kongsberg Maritime inform it has been contracted to deliver substantial technology packages for ten new pipelaying vessels ordered by Brazilian multinational energy corporation, Petrobras. In contracts valued approx. NOK 118 Million, the scope of supply includes Kongsberg Maritime's leading offshore vessel technology including Dynamic Positioning (DP), position reference systems, propulsion control and automation. Six 550-tonne laying tension capacity pipelayers will be built at IHC Merwede in The Netherlands for delivery in 2015 and 2016.

Kongsberg Maritime has been chosen to deliver substantial technology packages for ten new pipelaying vessels ordered by Brazilian multinational energy corporation, Petrobras. In contracts valued approx. NOK 118 Million, the scope of supply includes Kongsberg Maritime’s offshore vessel technology including Dynamic Positioning (DP), position reference systems, propulsion control and automation. Six 550-tonne laying tension capacity pipelayers will be built at IHC Merwede in The Netherlands for delivery in 2015 and 2016. Three of the vessels, for Subsea 7, are identical designs to the recently launched ‘Seven Waves’, and will feature the same K-POS DP22 dual redundant DP system including HiPAP acoustic positioning system and other position reference systems from Kongsberg Maritime.