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DDW Offshore, an Akastor subsidiary, has entered into bareboat charter agreements with OceanPact Servicos Maritimos for two vessels for a period of 26 months. In addition, OceanPact will buy the vessels once the charters end. OceanPact is a Brazilian subsea and logistic company. The vessels in question are Skandi Saigon and Skandi Pacific. They are both anchor handling... Continue Reading →
Norwegian offshore vessel owner DOF has won long-term contracts in the UK and Guyana for three of its platform supply vessels. In the UK, under the contract starting in April, the large PSV Skandi Gamma will work for Ithaca Energy for a period of two years firm. Ithaca will also have two one-year options to... Continue Reading →
U.S.-based oilfield products supplier Forum Energy Technologies (FET) said it has entered into a partnership with Deepsea Technologies Equipamentos Industriais Ltda to represent its operations in Brazil as part of the business’ long-term growth strategy in South America. Deepsea Technologies provides engineered products and services to the oil and gas industry globally, with a key... Continue Reading →
Petrobras' exploratory campaign in the Campos Basin has new developments. This time, the state-owned company started drilling another well (1-BRSA-1378-RJS) in the region, inside block C-M-709, in a water depth of 2,840 meters. The information was made available by the National Petroleum Agency (ANP). Block C-M-709 is operated by Petrobras (40%), in partnership with ExxonMobil... Continue Reading →
Fugro is carrying out seep survey and geochemical campaign for Petronas in Block 48, offshore Suriname. Petronas hired the Dutch-based surveyor in order to optimise future exploration activities in this frontier area. The work, conducted from the survey vessel MV Fugro Brasilis, involves geophysical data collection; heat flow measurements; core sampling as well as onboard geochemical... Continue Reading →
Oil and gas companies Apache and Total have been forced to stop drilling operations at an offshore well in Suriname due to "substantial pressure increases." As announced on January 14, the Keskesi East-1 well discovered oil, volatile oil, and condensate in the Upper Cretaceous-aged Campanian and Santonian intervals and, subsequently, continued drilling toward deeper Neocomian-aged... Continue Reading →
U.S. oil major ExxonMobil has recently awarded a contract extension to Seadrill for the use of the West Saturn drillship in Brazil. Seadrill revealed the news in its fourth-quarter 2020 presentation on Thursday. The offshore drilling contractor, which said it expected the 2021 rig demand to be bleak, said ExxonMobil earlier this year exercised the... Continue Reading →
French oil services group CGG said on Friday it expects its 2021 segment revenue to increase by low single digits from the previous year, mainly driven by growth in its equipment business and a gradual recovery in geoscience from the second-half of the year. The group, which provides geophysical services and equipment to oil and... Continue Reading →
Offshore drilling rig contractor Seadrill said on Thursday it had taken an additional $2.9 billion non-cash impairment on its assets due to a bleak outlook for the sector, which has reduced demand for its drilling rigs. Seadrill, which in February filed for Chapter 11 bankruptcy protection in the United States for the second time in... Continue Reading →
Companhia Docas do Rio de Janeiro signed a transition contract with Petrobras, in order to guarantee the maintenance of the company's operations in the Port of Rio de Janeiro, which is one of the main bases of the country's offshore support for the exploration of the Santos Basin pre-salt fields. Considered very important for the... Continue Reading →
Brazil Energy Insight 