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TSC Subsea has secured a contract with a major operator for the subsea inspection of insulated flexible pipes in the pre-salt region offshore Brazil. The multi-year contract will enable the company to deliver continuous inspection services to the unnamed client from 2024 to 2026. The company uses its proprietary ART (Acoustic Resonance Technology) and the... Continue Reading →
( Offshore-energy.biz) The Norwegian state-owned energy giant Equinor has managed to maintain a stable net profit in the second quarter of 2024, registering a drop quarter on quarter but a slight increase compared to the same period last year, while the firm continued working on field developments and supplied hydrocarbons to Europe to increase the... Continue Reading →
(OE) Slovakia-based drilling specialist GA Drilling has entered into a technical cooperation program with Brazil’s state-owned oil and gas giant Petrobras to deliver more efficient deep drilling system. In cooperation with Cenpes, Petrobras’ research, development, and innovation center, the partnership aims to bring a next-generation downhole drilling system to fruition, expected to significantly reduce well... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has delivered notices to the holders of the outstanding 4.750% Global Notes due 2025 (the “Notes”) announcing the redemption price for the Notes. As previously announced, the redemption date for the Notes will be July 29, 2024... Continue Reading →
(GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. This quarter’s report includes the following updates: Deepwater Atlas – Awarded a four-well contract in the U.S. Gulf of Mexico at a dayrate of $505,000,... Continue Reading →
(InfoMoney) Neoenergia (NEOE3) reported an increase in net profit for the second quarter of 2024, recording R$815 million, a growth of 12% compared to the same period of the previous year. The company attributes this result to cost control and optimization of operations. The company's adjusted Ebitda (Earnings before interest, taxes, depreciation and amortization) also... Continue Reading →
(PN) Petrobras intends to save up to US$100 million annually by partially automating its fleet of drilling rigs by 2030. The objective is to reduce the average drilling time of offshore wells, bringing financial, safety and environmental benefits. By optimizing the use of rigs in well drilling, automation could reduce, after 2030, around 30 thousand... Continue Reading →
(Offshore-energy.biz) Dutch FPSO operator SBM Offshore has officially named a floating production, storage, and offloading (FPSO) vessel destined to work at a giant field off the coast of Brazil for the country’s state-owned energy heavyweight, Petrobras. After obtaining a binding letter of intent (LoI) in February 2021, SBM Offshore inked contracts with Petrobras for the 26.25-year lease and operation of... Continue Reading →
(OE) Oilfield services firm Archer has been awarded a two-year contract for platform drilling services for Equinor in Brazil. The contract will commence in November 2024 in direct continuation of Archer’s current contract for drilling operations and maintenance on Equinor’s Peregrino A & B platforms and includes an optional two-year extension period. The estimated firm... Continue Reading →
(OE) Oilfield services company TechnipFMC has secured a ‘substantial’ contract from Petrobras to supply flexible pipe for the pre-salt fields offshore Brazil. The contract covers the design, engineering, and manufacture of flexible pipe for water injection and gas lift. Although the exact value of the contract was not disclosed, for TechnipFMC, a ‘substantial’ contract is... Continue Reading →
Brazil Energy Insight 