April 12, 2018 Siemens announced on Thursday that it has entered into a contract with Modec to supply four packages of offshore gas turbines to FPSO Carioca, which will be installed in the Sepia field, Santos Basin. The delivery of the equipment is planned for the end of 2018. Siemens will also provide specialized... Continue Reading →

Royal Dutch Shell Plc released a report on Thursday designed to address such concerns. The company estimates that 80 percent of its proved oil and gas reserves will be produced by the end of 2030. Given that's only 12 years away, the thinking goes, the bulk of the value in Shell's upstream business looks pretty safe even... Continue Reading →

  April 12, 2018 Petrobras announced that it has signed a Memorandum of Understanding with BP to complement and reaffirm the purpose of a letter of intent signed in October last year. The letter was signed by the president of the state company, Pedro Parente, and BP president Robert Dudley in London. "This is a... Continue Reading →

Danish offshore driller Maersk Drilling and vessel provider Maersk Supply Service have established a joint venture company focused on decommissioning market.  The 50:50 JV between Maersk Drilling and Maersk Supply Service will leverage the companies’ heritage of over 50 years of operations to provide decommissioning services to oil and gas operators, the two companies said on Thursday.... Continue Reading →

Offshore driller Rowan Companies has renamed its latest additions to the rig fleet to honor the legacy of two former employees. Rowan said on Thursday that it renamed its two LeTourneau Super 116E jack-ups, the P-59 and P-60, after late Rowan retirees who significantly contributed to the company’s success. Both rigs were delivered new into service... Continue Reading →

The state-owned company accounted for 75 percent of Brazil's production in February, down from 93 percent in 2010, at the end of the Luiz Inácio Lula da Silva administration. The presence began to fall with the production of the pre-salt, in the government Dilma Rousseff. And it has accelerated since Michel Temer took office in... Continue Reading →

Polarcus received the license from Ibama for a 3D seismic campaign on the BM-S-8, in the Santos Basin. The authorization is valid until May 2019 and provides for the survey to be conducted by only one vessel, between the Polarcus Alima, Polarcus Asima, Polarcus Adira and Polarcus Naila. The BM-S-8 is operated by Statoil, which... Continue Reading →

Petrobras  canceled a tender it has been promoting to contract vessels to support shallow dive (SDSV) and will launch a new bid in the next few days. The company informed the participating ship owners that a failure made it impossible to send the proposals of some invited companies. "Therefore, a new opportunity will open in... Continue Reading →

April 11,2018 The Board of Directors of the ANP approves (11/04) the resolution that regulates the contractual mechanisms of exemption (waiver), adjustment and transfer of surplus, and that brings the possibility of adding contracts with new requirements of local content. The publication complies with the determination of the Brazilian Court of Audit (TCU) and gives... Continue Reading →