Halliburton, Oil States Partner Up to Provide Deepwater Managed Pressure Drilling Solutions

(OE) Oilfield services players Halliburton and Oil States Industries have entered into a strategic collaboration that combines their technologies to provide deepwater managed pressure drilling (MPD) solutions. According to Halliburton, MPD provides operators with improved control when navigating narrow pressure windows compared to conventional drilling and the collaboration between Halliburton and Oil States will provide operators... Continue Reading →

November 6, 2023 0

With orders set to reach $173 billion, ‘robust’ demand in store for FPSO, FLNG and other floating production units

The rise in energy security concerns has reinvigorated the zest for more hydrocarbons, thus, the global oil and gas industry is turning to floating production systems to develop new projects. Bearing this in mind, a new report predicts a further boost in demand, with projected orders reaching up to $173 billion for as many as... Continue Reading →

November 6, 2023 0

Brazil hits record September oil and gas production, as well in the pre-salt

ANP released the Monthly Oil and Natural Gas Production Bulletin for September 2023, which provides consolidated data on national production. This month, there was a record in total production (oil + natural gas), as well as in oil and natural gas considered separately and also in pre-salt production. A total of 4.666 million barrels of... Continue Reading →

November 3, 2023 0

Light Structures to Provide Hull Monitoring Systems for Two Brazil-bound FPSOs

(OE) Light Structures, a supplier of fiber optic condition monitoring systems based on Fiber Bragg Grating (FBG) technology, has secured two contracts with China's YANTAI CIMC Raffles Offshore. Under the contracts, Light Structures will deliver SENSFIB hull stress monitoring systems for two Petrobras-commissioned Floating Production Storage & Offloading (FPSO) units. "Representing the most extensive SENSFIB... Continue Reading →

November 3, 2023 0

Nine Valaris rigs snap up multi-million drilling gigs with oil & gas giants, pushing total backlog to $3.2 billion

(OET) Offshore drilling contractor Valaris has secured a plethora of new contracts and extensions for four floaters and five jack-ups in its rig fleet with TotalEnergies, Petrobras, ExxonMobil, Eni, BP, TAQA, and Perenco. These deals will enable the rig owner to carry out operations in Brazil, Angola, Mexico, Trinidad, Indonesia, the Netherlands, and the UK.... Continue Reading →

November 2, 2023 0

Deepwater production platforms go ‘green’

(OM) With the worldwide mandate for emissions reduction, operators are urgently looking for ways to ‘green’ their production platforms. A particular focus is being placed on new and upcoming FPSOs scheduled for deployment offshore Brazil. Some of the most promising paths toward that result include a re-examination of power generation technologies, and here operators are... Continue Reading →

November 2, 2023 0

Petrobras announces new oil discovery at Sagitario prospect in the Santos Basin

(PN) Petrobras informed the National Petroleum Agency (ANP) that it found new signs of oil in well 3-BRSA-1388DA-SPS, located in block S-M-623, where the Sagitario prospect is located. The discovery took place in a water depth of 1,866 meters, in the pre-salt of the Santos Basin. The first discoveries of signs of oil in block... Continue Reading →

November 1, 2023 0

Transocean Posts $220M Q3 Loss. CEO Upbeat About ‘Multi-Year’ Offshore Drilling Industry Upcycle

(OE) Offshore drilling firm Transocean posted a net loss of $220 million for the third quarter of 2023, on revenues of $713 million. Net loss was higher compared to $165 million in the second quarter of 2023. Contract drilling revenues for the three months ended September 30, 2023 decreased sequentially by $16 million to $713... Continue Reading →

October 31, 2023 0

Subsea7 confirms major contract offshore Brazil

Subsea 7 S.A. today confirmed the award of a major1 contract amendment by Petrobras for the development of the Mero 4 field2 located approximately 200 kilometres off the coast of the state of Rio de Janeiro, Brazil, at 2,200 metres water depth in the pre-salt Santos basin. The award was announced in redacted form on... Continue Reading →

October 31, 2023 0

Exxon, TotalEnergies Bid for Shallow-water Guyana Oil and Gas Blocks

(Reuters) Oil production consortia led by TotalEnergies and Exxon Mobil bid on separate shallow-water oil and gas blocks in Guyana's first competitive auction, a government official said in a briefing on Thursday. The official disclosed which companies had bid on which of the 11 shallow and three deep-water territories made available this year. No further... Continue Reading →

October 27, 2023 0

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