Brought to you by Quest Offshore & Southern Cone Consultants
By: Philip Lewis (OE) Over the last year we have seen an upswing in floating production and storage systems ordering after many years of low activity. According to our colleagues at World Energy Reports, “The global oil and natural gas markets are contending with rebounding energy demand on top of supply disruptions from Russia’s invasion... Continue Reading →
As the stamp of high oil prices in the first half of the year engraves its mark on oil market fundamentals, Westwood Global Energy, an energy market research and consultancy firm, points out the signs of an uptick in offshore exploration and production (E&P) investment and rig count, expecting the demand for offshore support vessels... Continue Reading →
(Offshore Energy) Offshore drilling contractor Vantage Drilling has secured a new contract with TotalEnergies for one of its ultra-deepwater drillships, which is currently operating in the Mediterranean. Vantage revealed on Thursday that one of its subsidiaries entered into a drilling services contract with a subsidiary of TotalEnergies in respect of its ultra-deepwater drillship, the Tungsten Explorer. The... Continue Reading →
(OW) KfW IPEX-Bank, together with Crédit Agricole CIB, Banco Santander, S.A., Mizuho Bank, European Investment Bank (EIB), and the Danish Export Credit Agency (EKF), has decided to finance the 30 MW Eoliennes Flottantes du Golfe du Lion (EFGL) floating wind project offshore France. KfW IPEX-Bank is the first German bank to finance a floating offshore wind farm,... Continue Reading →
Malaysian FPSO provider Yinson, with its project partner Sumitomo Corporation named the new FPSO Anna Nery, during a naming ceremony held concurrently in Jiangsu, China and Kuala Lumpur, Malaysia. The FPSO Anna Nery is currently undergoing final conversion works and is going to set sail for Brazil in the third quarter, where it will be... Continue Reading →
(OE) Marine seismic player Shearwater GeoServices on Wednesday announced the launch of Pearl, “a significant advance in ocean bottom nodal technology with several industry-first innovations.” According to Shearwater, the Pearl node offers a new standard for time and cost efficiency which expands the potential ocean bottom seismic market, enabling solutions to geoscience challenges that were... Continue Reading →
Forum Energy Technologies (FET) has delivered two work-class remotely operated vehicle (ROV) sales to Brazilian marine engineering company Oceanica to support its deepwater intervention operations. The systems were built at FET’s UK facility at Kirkbymoorside, North Yorkshire, and delivered in the first half of 2022. "FET supplied two Perry XLX-C work-class ROV systems, both... Continue Reading →
(Y!F) With billions of people staying at home and the global economy shrinking, oil demand dropped significantly amid the coronavirus pandemic. Oil markets had been in turmoil and producers throughout the world encountered more challenges than ever. However, two years after the pandemic-driven epic oil price crash, optimism is back in the sector, with the... Continue Reading →
Brazilian oil company PetroRio said Monday it had formalized the acquisition of the West Capricorn (or just Capricorn) semi-submersible rig with the payment of US$ 4 million to offshore drilling contractor Aquadrill, previously known as Seadrill Partners. "The balance of the acquisition is due upon delivery of the rig or on August 05, 2022, whichever... Continue Reading →
(Reuters) Impact Oil & Gas is considering selling its 20% stake in a large block in deep water off the coast of Namibia where TotalEnergies made a significant oil discovery this year, four industry sources told Reuters. Impact, which is privately owned and focused on exploration in Africa, has hired investment bank Jefferies to prepare a sale process for... Continue Reading →
Brazil Energy Insight 