Reassess mobilization and long‑term service exposure for drilling capacity

The company claims that drilling operations were completed safely and without incident

Saipem 12000; Source: Saipem Rhino Resources’ update on behalf of the PEL 85 joint venture (JV) regarding its drilling campaign on Block 2914 offshore Namibia indicates that the Capricornus-1A appraisal well was drilled in the eastern portion of the Capricornus fairway, which was established by the discovery at the Capricornus-1X well

The core, pressure and wireline datasets acquired from Capricornus-1A will now be integrated with data gathered from previous wells across PEL 85 to support the joint venture’s ongoing appraisal and exploration activities

” The American giant highlights that the Train 7 project marks a significant milestone in Nigeria’s strategy to become one of the world’s top-tier LNG producers. The work under the agreement will be delivered through the Baker Hughes Service Center in Nigeria’s Port Harcourt, which employs local talent, providing a range of comprehensive lifecycle services

The work under the agreement will be delivered through the Baker Hughes Service Center in Nigeria’s Port Harcourt, which employs local talent, providing a range of comprehensive lifecycle services

The 13-year service agreement will support the operational performance of the new Train 7 project, which is set to increase the facility’s total LNG production capacity from 22 to 30 million tonnes per annum (mtpa) upon completion. Adeleye Falade, Nigeria LNG’s Managing Director and Chief Executive Officer, commented: “Utilizing Baker Hughes’ industry-leading lifecycle services and digital expertise will help support the successful long-term operation of our Train 7 project

Douglas Wood, CFO of SBM Offshore, commented: “We welcome the signing of the project financing of FSO Chalchi, marking our first transaction combining commercial banks, institutional investors and support from an export credit agency. “This financing structure demonstrates SBM Offshore’s ability to deliver innovative, long-term funding solutions for our clients and provides a scalable solution for potential new lease and operate projects

Douglas Wood, CFO of SBM Offshore, commented: “We welcome the signing of the project financing of FSO Chalchi, marking our first transaction combining commercial banks, institutional investors and support from an export credit agency

Home Fossil Energy SBM Offshore puts $465 million financing in place for Gulf of Mexico-destined FSO June 30, 2026, by Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has secured multimillion-dollar financing for a newbuild floating storage and offloading (FSO) unit, which will be deployed at a deepwater oil project off the coast of Mexico, North America. Trion development concept; Source: Woodside SBM Offshore has signed the p