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(Reuters) - Brazil's Petrobras is set to reduce planned investments for next year, despite requests by the government for the state-run oil firm to increase CAPEX, three sources close to the matter told Reuters. The firm foresaw $21 billion of investments for next year, but spending could be down to around $17 billion, according to initial... Continue Reading →
(offshore-energy.biz) With upgrades and sea trials now out of the way, a newbuild ultra-deepwater drillship is ready to embark on a voyage to Brazil, where it will begin its maiden offshore drilling assignment with the South American country’s energy giant Petrobras. Once Eldorado Drilling, an offshore drilling player backed by a group of well-known Norwegian investors,... Continue Reading →
(offshore-energy.biz) Offshore drilling player Hanwha Drilling, part of South Korea’s Hanwha Ocean, has secured its first multimillion-dollar contract for a seventh-generation drillship, which will work off the coast of Brazil for the South American country’s energy giant Petrobras. Hanwha Drilling, with its partner, Constellation Oil Services, a Brazilian drilling contractor, has won its first contract for... Continue Reading →
A leader in offshore drilling in Brazil, Foresea concluded a series of five lectures at ROG.e, one of the largest global energy events held this week in Rio de Janeiro. Among the cases and innovations presented was a project that effectively contributes to the sustainable development of the oil and gas sector. Titled “Digital Sustainability,”... Continue Reading →
(OE) Offshore drilling contractor Constellation has secured two new contracts with Petrobras, worth $1 billion, for the deployment of two ultra-deepwater drillships - Laguna Star, part of Constellation’s fleet, and Tidal Action, a newbuild rig, owned by Hanwha Drilling – at the Roncador field in the Campos Basin. The contracts are set to enhance local... Continue Reading →
(Reuters) - A ruling from a Colombian court that ordered the suspension of work at a major offshore gas well is a threat to the country's energy security, industry groups the Colombian Petroleum Association (ACP) and Naturgas said on Monday. In a court order dated Sept. 11, a judge said activities at well Uchuva-2, on the... Continue Reading →
(offshore-energy.biz) Many factors, including roadblocks, play a role in oil and gas extraction and development around the globe. Some of these are region-specific while others tend to be a global problem. Mexico’s five largest upcoming hydrocarbon projects have not managed to escape these, thus, they are also facing such technical and other issues. The Latin... Continue Reading →
(Reuters) Offshore drilling contractor Seadrill is looking to buy more assets or create a larger player by merging with peers, the company's CEO said on Wednesday. Norwegian-born billionaire John Fredriksen lost the control of the company, once the world's largest driller by market cap, to its creditors over two debt restructurings since 2014. Now a... Continue Reading →
(OE) Offshore drilling contractor Constellation has secured a new contract with Shell for its Alpha Star ultra-deepwater drilling rig offshore Brazil. The contract is for approximately 30 days, having started on August 30, 2024. The new contract will be executed at the same day rates as the current agreement with 3R Petroleum and will not... Continue Reading →
(OE) U.S.-based offshore drilling contractor Noble Corporation on Wednesday announced it has completed its acquisition of peer Diamond Offshore Drilling. The merger creates the industry's largest fleet of 7th generation dual-BOP drillships and adds 4.8 rig years and approximately $2 billion to the Noble backlog, which now stands at $6.7 billion. Noble's board of directors... Continue Reading →
Brazil Energy Insight 