Brought to you by Quest Offshore & Southern Cone Consultants
Sept 9, 2020 Tullow Oil is exploring ways to fend off a potential cash crunch as the London-listed group reported a $1.3 billion loss after it was forced to write down $1.4 bln due to collapsing demand for oil. Tullow, with a market cap of $361 million as of Tuesday and $3 billion in debt,... Continue Reading →
The global heavy lift vessel market is a difficult place to be. Utilization for the fleet has remained depressingly low since the first oil and gas downturn in 2014, currently hovering around 33% for the global fleet with a lift capacity of over 800 tonnes, according to IHS Markit’s ConstructionVesselBase. Fixed platform installation work,... Continue Reading →
Aug 11, 2020 The Bureau Veritas Group, a world leader in Tests, Inspections and Certification (ICT), has developed new resources for the Digital Twin technology and for the asset management process for application in the decommissioning of ships, floating units, fixed platforms and subsea structures. The solution meets the principles of ANP Resolution 817/2020, allowing... Continue Reading →
August 7, 2020 Petróleo Brasileiro S.A. – Petrobras hereby announces that the Executive Board approved the monthballing of the Merluza platform (PMLZ-1), located in shallow waters in the Santos Basin. The platform’s production had already been interrupted since March 2020, with the abrupt drop of demand for natural gas, and the deactivation will allow the... Continue Reading →
Jul 27, 2020 The National Petroleum Agency (ANP) launched this Monday (27) a new dynamic panel with information on decommissioning of facilities in Brazil. For this year, the tool has an estimated investment of R $ 5.5 billion in activities to deactivate oil and gas fields in the country. Most of these resources will... Continue Reading →
Brazil Energy Insight 