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February 3, 2020 Petróleo Brasileiro S.A. - Petrobras reports that it has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake of the Papa-terra field, located in deepwater in the Campos Basin. The teaser, which includes key information about the opportunity, as well as the eligibility criteria for selection of... Continue Reading →
Increasing activity, led by scaled down, accelerated projects and subsea tiebacks is helping drive an increasing business in the subsea industry. But there’s slim chance of revisiting the boom days of 2013, the Society of Underwater Technology’s annual Global Subsea Market Outlook Business Breakfast heard this morning. Henning Bjørvik, an analyst in the Oilfield Service... Continue Reading →
Mexico’s energy services provider Grupo R has signed an offshore drilling and logistics contract with compatriot Hokchi Energy, a subsidiary of Argentinean firm Pan American Energy. Grupo R said on Thursday that it would be using the Cantarell III jack-up rig to drill wells during the Hokchi field development campaign off the coast of the... Continue Reading →
Jan 29, 2020 Petrobras obtained from Ibama the license for the environmental regularization of drilled wells and the production activities of eleven fields in shallow waters in the Northeast, which the company is selling or has already sold. The measure, according to sources that accompany the negotiations, is essential for the company to be able... Continue Reading →
The long awaited first ever offshore licensing by Senegal has finally been launched as the West Africa country inches closer to achieving its national medium- and long-term hydrocarbon sector investment plan and drive to transform the upstream resource into a source of clean electricity generation. The launch of the licensing round this week in Dakar, Senegal by... Continue Reading →
International Oil Company (IOC) has hired Frontera to undertake geohazard survey offshore Mexico. Mobilization for the project is underway and offshore work is expected begin and complete during March 2020. Frontera is an established offshore services contractor in Mexico since 2001. To remind, in August 2019, Frontera entered into an exclusive collaboration with DOF Subsea for the... Continue Reading →
U.S. oil and gas producer Hess Corp said it would spend 11% more in 2020 compared with last year, betting heavily on its assets in offshore Guyana and the Bakken shale play. The company said its 2020 exploration and production capital and exploratory budget will be $3 billion, higher than the estimated $2.7 billion allocated... Continue Reading →
Mexico’s energy services provider Grupo R has informed that its newbuild jack-up rig Cantarell III has arrived from Singapore to Mexico ahead of a new contract, which is set to start in March 2020. The Cantarell III jack-up rig was built by offshore rig builder Keppel in Singapore. Keppel completed and delivered the rig to the... Continue Reading →
Dutch shipbuilding company Damen has developed a new concept vessel – the Offshore Support Vessel (OSV) 9020. The vessel has been designed to perform a variety of offshore tasks both at surface level and subsea, Damen said in a statement on Monday. “We were approached by several different operators at the same time, all looking... Continue Reading →
Jan 24, 2020 The fleet of maritime support in Brazilian waters, at the end of December, totaled 366 vessels, being 324 of Brazilian flag and 42 of foreign flags. 89% of the offshore support fleet in Brazil is made up of Brazilian flag boats and 11% of foreign flags. Not all units are in operation,... Continue Reading →
Brazil Energy Insight 