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Maersk Drilling has been awarded a contract by CGX Resources, operator and joint venture partner with Frontera Energy, for the semi-submersible rig Maersk Discoverer for exploration drilling in the Corentyne Block off Guyana. Frontera Energy and CGX Energy, joint venture partners in the Petroleum Prospecting License for the Corentyne block, separately announced on Thursday that... Continue Reading →
(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (PARIS: FTI) today announced that it has been awarded a significant(1) subsea contract from Petrobras (NYSE: PBR) for the Marlim and Voador fields, located offshore Brazil. “We are very excited to bring new technology and automation capabilities to this project through the use of the RVC to operate the manifolds. Our innovations... Continue Reading →
Canadian oil and gas companies Frontera Energy and CGX Energy have entered into a term sheet for a $19 million loan that will enable CGX to continue to finance its share of costs related to the Corentyne, Demerara, and Berbice blocks off Guyana. Frontera said that the loan would also allow CGX to further finance... Continue Reading →
Canada-based offshore robotics company Kraken Robotics has acquired Brazil's 13 Robotics Ltda of Brazil (“13R”). The 13R team, with offices in Rio de Janeiro and Salvador, Brazil, consists of software developers and engineers who have significant experience in underwater robotics and autonomous systems for the energy markets, Kraken said. "Since inception in 2013, 13R have... Continue Reading →
The Special Bidding Commission of the National Petroleum Agency (ANP) approved this week the enrollment of three new companies in the Permanent Offer: Giongo Oil and Gas, Nobel Energy and Petropotiguar Petróleo e Gás. There are 65 companies authorized to participate in this bidding process modality . Approved companies may declare interest in one or... Continue Reading →
Norwegian offshore vessel operator Solstad Offshore said Thursday it has won a two-year charter for one of its platform supply vessels in Brazil. The vessel, Normand Starling, will support Shell's activities in the Brazilian waters. The two-year contract is firm for two years, to April 2023 and starts in direct continuation of the current contract... Continue Reading →
Oil and gas company Tullow Oil on Tuesday said it was starting a multi-year, multi-well drilling campaign offshore Ghana. The campaign started with the start of drilling of the first well at the Jubilee offshore field on Monday. Maersk Drilling's Maersk Venturer drillship is expected to drill four wells in total in 2021, consisting of... Continue Reading →
Robots could replace hundreds of thousands of oil and gas jobs globally and reduce drilling labor costs by several billion dollars by 2030, if there is an industry push for such a transition, Rystad Energy has found. "Even when the Covid-19 downturn is finally past us, operators will have to continue exploring new avenues for... Continue Reading →
(Reuters) - The deadly coronavirus wave that has torn through Brazil in recent weeks has not spared its oil industry, according to unions and government data reviewed by Reuters, with infections among workers jumping and production taking a hit. New COVID-19 cases among offshore oil workers rose to 46 on March 24 from 17 on... Continue Reading →
Norwegian energy intelligence group Rystad Energy expects to see an increase in offshore wells drilled this year and the next one, compared to 2020, when the number was hit by low oil prices and the pandemic. Now, with oil and gas demand recovering supported by vaccinations and OPEC+ supply cuts, Rystad expects offshore drilling activity... Continue Reading →
Brazil Energy Insight 