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FPSO CARIOCA MV30

PRODUCING AT SEPIA

MODEC

Stena Drilling a transaction expected to close in early 2025. Noble wrote that: “Noble will own and operate a feet of 41 rigs includ- ing 28 foaters and 13 jackups. Additionally, backlog for the combined company would be approximately $6.5 bil- lion as of today.” After the deal, with a closing anticipated in Q1 2025, Diamond shareholders will own approxi- mately 14.5% of Noble's shares. According to Evercore

ISI, the merger would create the fourth largest rig owner (following COSL, ADES and Valaris).

Enhanced technologies, tied to optimizing operations, are playing a role throughout maritime sectors, including in offshore. The drillship Stena Drillmax, bound for Guy- ana following its deployment offshore Newfoundland &

Labrador, also achieved a frst, receiving the ABATE (P) notation from Class society DNV. As explained by DNV, “Stena Drilling has implemented several technical and op- erational measures to enable Stena Drillmax to substantially reduce Greenhouse Gas Emissions.” DNV adds that “this notation (refecting best practices for emissions reduction, and monitoring) follows on to Stena Drilling gaining the

ISO 50001 certifcation for energy management.”

Offshore production, typically accomplished through con- sortia of large oil companies, is seeing continued technical ad- vances, buttressed by the project fnance structures behind the

DRILLSHIP deployment of FPSOs. Liza Unity, one of two FPSO’s working

STENA DRILLMAX for XOM at its Liza feld (the oil giant’s frst sanctioned proj- ect at Guyana) recently attained the frst REMOTE-CON

JULY/AUGUST 2024 OFFSHORE ENGINEER 37