World’s largest FPSO provider SBM Offshore is pressing forward with its Fast4Ward program. The program has been designed to standardize the FPSO construction and delivery process, thus reducing cost and speeding up the time to the market. SBM Offshore, whose FPSO fleet produces around 10 percent of global deepwater production, promises the program can make... Continue Reading →

Offshore driller Seadrill Limited has emerged from Chapter 11 after successfully completing its reorganization pursuant to its chapter 11 plan of reorganization. It is worth reminding that, following the launch of the process last September, the U.S. Bankruptcy Court for the Southern District of Texas overseeing the Seadrill’s chapter 11 cases entered an order confirming the driller’s plan of... Continue Reading →

Brazil’s Petrobras will have to pay Vantage Drilling $622.02 million for drilling contract breach. Vantage Drilling said on Tuesday that an international arbitration tribunal issued an award in favor of Vantage Deepwater Company and Vantage Deepwater Drilling, Inc., both wholly-owned subsidiaries of Vantage. According to the offshore driller, the Tribunal found that Petrobras breached the agreement... Continue Reading →

July 2, 2018 PGS intends to start a campaign to acquire 3D seismic data in December 2019 to cover part of the areas that will be offered in the 16th round of bids of the National Petroleum Agency (ANP), scheduled to take place in the second half of next year. The campaign will cover a... Continue Reading →

02/07/18 Total has launched a tender to contract air support services for the Lapa field in the Santos Basin. The competition aims to charter aircraft for the transportation of passengers and environmental and rescue services. Four hiring scenarios were stipulated by the French oil company: one to attend the FPSO Cidade de Caraguatatuba; another for... Continue Reading →

02/07/18 Exmar may seize its first FPSO charter contract in Brazil. The Belgian company presented the lowest price at Petrobras' bid for the Buzios V production unit, with a daily rate of around US $ 720 thousand, overtaking Modec, which quoted the service for US $ 815 thousand / day. The commercial proposals for the... Continue Reading →

Siem Offshore has received some good news as it prepares for what it says is a “prolonged downturn in the offshore supply market.” “The bank lenders have agreed that all final bullet payments of all mortgage debt are extended to December 2022. It is agreed 30% deferral of installments for the fleet (except for the... Continue Reading →

  06/29/2018 Governor Márcio França signed this Friday, June 29, a decree that aims to give greater competitiveness to the São Paulo industry of oil and natural gas. From now on, the goods and merchandise of the sector produced in São Paulo and sold to other states will also be exempt from ICMS. The benefit... Continue Reading →