President of Peru has presided over the signing of exploration and production deals with Anadarko Petroleum for exploration activities offshore Peru. In a statement on Monday, the Ministry of Energy and Mines said that the President of Peru, Pedro Pablo Kuczynski, presided over the signing of exploration and production contracts for three offshore blocks with Anadarko.... Continue Reading →
Offshore platforms can benefit from wind and vice versa
There has been a lot of talk about decommissioning during the Offshore Energy Exhibition and Conference in Amsterdam this week. The national decommissioning platform of the Netherlands was launched, there was also a separate decommissioning session, CEO of UK’s Decom North Sea attended. What we could hear over there is that offshore decommissioning is set... Continue Reading →
Wood Group completes Amec Foster Wheeler buy
Oilfield services company Wood Group has completed the acquisition of compatriot Amec Foster Wheeler. The closing of the acquisition follows clearances by the UK competition watchdog, the Mexican anti-trust commission in September, and a nod by the High Court of Justice in England and Wales last week. Read more
Brazil wants $12.7 billion fine on Andrade engineering firm: O Globo
SAO PAULO (Reuters) - The Brazilian government is seeking 40 billion reais ($12.7 billion) from construction and engineering conglomerate Andrade Gutierrez SA to settle claims related to its participation in a graft scheme, newspaper O Globo reported on Sunday. Citing calculations from members of the Office of the Attorney General and the Office of the... Continue Reading →
International offshore rig count 31 units short y-o-y
The international offshore rig count in September 2017 dropped by 31 unit year-over-year, according to a Friday report by Baker Hughes, a GE company. The international offshore rig count for September 2017 was 190, down 11 from the 201 counted in August 2017, and down 31 from the 221 counted in September 2016. The international rig count, which includes... Continue Reading →
Woodmac: Guyana could become regional oil powerhouse
Guyana, a non-oil producing country resting on the northern coast of South America, might soon become an oil and gas powerhouse in the region. This is according to the energy analytics company Wood Mackenzie, whose analysts commented on Guyana’s energy potential following Exxon’s report on Thursday of yet another offshore oil discovery in the country’s... Continue Reading →
Keppel lands conversion project for Liza FPSO
Keppel Offshore & Marine’s subsidiary Keppel Shipyard has secured a floating production storage and offloading vessel (FPSO) conversion contract from SBM Offshore meant for ExxonMobil’s Liza field offshore Guyana. The contract is for the conversion of a very large crude carrier (VLCC) into an FPSO, which upon completion, will be deployed to the ExxonMobil-operated Liza field,... Continue Reading →
CBO names Bossa Nova AHTS vessel in Brazil
Brazilian offshore vessel owner Grupo CBO has named the Bossa Nova anchor handler at a ceremony in Itajai, Brazil. According to Havyard, which provided the design for the vessel, the ceremony was held at the Oceana Shipyard, and the vessel is now on its way to Rio de Janeiro to complete its final tests. In... Continue Reading →
Exxon keeps drilling, Guyana keeps giving
U.S. oil major ExxonMobil on Thursday announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana. Turbot adds to Exxon’s previous discoveries at Liza, Payara, Snoek and Liza Deep wells in the Stabroek Block. Following completion of the Turbot-1 well, the Stena Carron drillship will move to the Ranger prospect.... Continue Reading →
Ensco, Atwood shareholders approve all-stock merger
Shareholders of offshore drillers Ensco and Atwood Oceanics have approved the previously proposed merger of the two companies. Ensco on Thursday said 65 percent of its shareholders had voted in favor of the allotment and issuance of Ensco Class A ordinary shares to shareholders of Atwood Oceanics, Inc. in connection with the all-stock acquisition of Atwood... Continue Reading →
Brazil Energy Insight 