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Over the past four months we have been flooded by news of just how badly the offshore rig market has been hit during the double whammy of the Corona pandemic and oil price fallout. We witnessed what seemed like a never-ending wave of contract cancellations coupled with increasing numbers of contract options being declined, along... Continue Reading →
Norwegian subsea project and marine services provider DOF Subsea has been awarded four new contracts with Brazilian oil company Petrobras. DOF said Thursday that at least three vessels from the DOF fleet would be mobilized to perform flexible pipeline, risers and subsea equipment inspection in Campos Basin, Santos Basin, Marlin Field, and Espírito Santos Basin.... Continue Reading →
Dutch offshore services company Fugro has won three long-term contracts by Petrobras to provide remotely operated vehicle (ROV) services for a variety of subsea activities in Brazil. "All three contracts are for 3-year firm periods with additional 1-year options," Fugro said Wednesday. Fugro said the contracts were secured in partnership with offshore vessel owners Solstad... Continue Reading →
Aug 25, 2020 Petrobras is going to the market to charter support vessels for its operations in offshore fields. The state-owned company recently launched three tenders, which are linked to each other, for chartering vessels used to combat oil spills (known by the acronym OSRV). The period for submission of proposals started this week, but... Continue Reading →
Robots and robotics have slowly been entering our lives, in various shapes and forms (and fictional characters), from self-driving household vacuum cleaners to highly automated manufacturing systems. Now they’re heading for the offshore world – in just as many shapes and forms. There could be a lot to gain from robotics, but platforms and offshore... Continue Reading →
Aug 19, 2020 The National Energy Policy Council (CNPE) approved the realization of the 17th and 18th bidding rounds in the years 2021 and 2022, respectively. The auctions would be held this year and next, but were postponed due to the crisis triggered by Covid-19 and the drop in world oil demand. In addition, the... Continue Reading →
August 18, 2020 Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in addition to the Material Fact disclosed August 3, 2020, informs its shareholders and the Market in general of the results of the the Revitalization Campaign in the Tubarão Martelo Field (“Field”). The Revitalization Campaign consists of a workover (replacement of submersible pump) in... Continue Reading →
Aug 18, 2020 This week Petrobras launched a tender to choose a supplier to acquire up to 15.1 km of flowline flexible pipelines for gas injection. The International competition will be in closed dispute mode, with the deadline for submitting proposals on August 24th. The opening of the envelopes with the competitors' proposals is scheduled... Continue Reading →
A Maersk Drilling-owned drillship is expected to restart operations in Africa for French oil major Total following a suspension of the contract, which started at the end of April. According to Maersk Drilling’s latest fleet status report, Total suspended its contract for the Maersk Voyager drillship with effect from 29 April 2020. Continue reading
Calmer political waters should help turn the country into a global exploration hotspot The small Latin American nation of Suriname is poised for profound change. Revenues from major offshore oil discoveries announced this year could transform the country’s long-term economic prospects. And, following the resolution of an election deadlock, a new coalition government has finally... Continue Reading →
Brazil Energy Insight 