Brought to you by Quest Offshore & Southern Cone Consultants
In another sign of improving deepwater market conditions, drillship day rates are on-the-rise from Canada to China, judging by a new report by numbers crunchers, Rystad Energy. Although not the only deepwater floaters, drillships are still on order at Asian shipyards, just as drillship day rates approach the $300,000 mark. Continue reading
19/02/2020 Highlights of the 2019 result: • Adjusted EBITDA was US$ 32.7billion, an increase of 3.8% in relation to 2018, due to lower production costs and lower contingencies. • Net income reached US$ 10.2 billion, mainly reflecting gains with asset sales. • The adjusted net debt / LTM Adjusted EBITDA ratio increased to 2.41x, applying... Continue Reading →
Norwegian marine survey company EMGS is looking at options after Mexico's Pemex said it wouldn't award any more work "in the medium future" under a contract announced in 2019. EMGS expects the decision will have a "material detrimental effect" on its business. "Electromagnetic Geoservices ASA...has been advised by the customer that the company will not,... Continue Reading →
Global classification society and digital solutions provider DNV GL has teamed up with MSC, a provider of Computer-Aided Engineering (CAE) simulation software and services, to improve the productivity of engineers working on maritime and offshore engineering projects. The team-up is set to increase the productivity of engineers using DNV GL’s Sesam design and simulation software... Continue Reading →
Offshore drilling contractor Noble Corporation has managed to keep its net loss flat in the last quarter of 2019 while its revenues increased during the period. Noble Corp. CEO is getting ready to transition to the role of an executive chairman. Noble Corporation today reported a net loss attributable to the company for the three... Continue Reading →
Feb 20, 2020 MESSAGE FROM THE CEO THE FIRST YEAR OF THE IMPLEMENTATION OF A NEW STRATEGY I am pleased to share the results of a year of hard work, with the implementation of a new strategy for Petrobras, based on a transformational agenda supported by five pillars: maximization of the return on capital employed,... Continue Reading →
Spain's Repsol on Thursday reported a 36% fall in adjusted net profit and a net loss for the fourth quarter of 2019, battered on all sides by lower oil and gas prices and one-off charges mainly related to a bid to cut carbon emissions. Oil majors around the world have posted steep falls in 2019... Continue Reading →
The market for floating production, storage and offloading units (FPSO) is heating up. Séverine Baudic, SBM Offshore’s Managing Director for Floating Production Solutions, weighs in on the strategic initiatives and technological innovations helping the company to secure contracts for some of the world’s most complex deepwater projects. When it comes to reducing lead times and... Continue Reading →
Oil companies produced 3.17 million barrels per day (bpd) on average in Brazil in January, a volume 20.4% larger than seen in the same month a year earlier and an output record for the country, oil regulator ANP said on Wednesday. Natural gas production increased 22% over January 2019 to 138.7 million cubic meters per... Continue Reading →
Feb 19, 2020 Total started last Tuesday (18) the environmental licensing in Ibama of five wells, two exploratory and three for evaluation, in the area of exploratory block C-M-541, in the Campos Basin pre-salt. The company signed the concession contract for the area, where it has a partnership with Petronas and QPI, last Friday with... Continue Reading →
Brazil Energy Insight 