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6 April 2020 Netherlands-based Seabed Geosolutions has submitted the lowest bid in a Petrobras tender to contract proprietary seismic surveys for the Parque das Baleias and Golfinho fields off Brazil.
In the downturn of 2020, global exploration & production operators will only be able to cut supply chain costs by up to 12%, a Rystad Energy analysis shows. The current crisis will not be able to unlock many additional efficiency and productivity improvements because much of the potential has been exhausted since the 2014 oil-price... Continue Reading →
April 1, 2020 OneSubsea presented the lowest price in Petrobras' bid for the acquisition of a PLEM (Production Line End Manifold) and an UTA (Umbilical Termination Assembly) for the Marlim and Voador Revitalization Project (Modules 1 and 2). In the reverse auction conducted by Petronect, the company offered a value about 12% lower than the... Continue Reading →
Malaysian FPSO provider Yinson has signed contracts with Petrobras for the delivery, operation, and maintenance of the Marlim 2 FPSO. Yinson won two letters of intent from Petrobras in October 2019 for the charter and operation of the Marlim 2 FPSO for the Marlim revitalization project in Brazil. The company said at the time that the estimated... Continue Reading →
Contrary to current trends of contract cancelations due to the oil price drop and coronavirus spread, seismic data acquisition company Magseis Fairfield has won a deepwater OBN project in the Mexican part of the Gulf of Mexico. Magseis said on Friday that the work was scheduled to begin in the third quarter of 2020 and... Continue Reading →
Brazilian oil company Petrobras on Thursday said it was dialing back short-term production, delaying a dividend payment and trimming its 2020 investment plan, among other measures aimed at reducing costs in the face of the coronavirus pandemic. In a securities filing, Petroleo Brasileiro SA, as the state-run firm is formally known, said it was reducing... Continue Reading →
With the oil price crash and COVID-19, the near-term outlook for the offshore rig market is on a lot of minds. RigLogix has contacted a number of rig owners and operators and the consensus seems to be that it’s going to get worse before it gets better, especially if current conditions persist. Announcements of operators... Continue Reading →
March 18, 2020 Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best practices in corporate governance updates its shareholders and the market in general on the ongoing initiatives to protect its employees and stakeholders, given the current market uncertainties and volatility stemming from the new coronavirus outbreak and recent drop in Brent oil prices.... Continue Reading →
Mar 18, 2020 Objective is to inventory and evaluate the conditions of wells and structures to include new assets in the Permanent Offer regime The ANP reported that it is inspecting fields with marginal accumulations to include them in the Permanent Offer. The objective is to inventory and evaluate the conditions of the wells and... Continue Reading →
Malaysia’s Sapura Energy has completed the installation of a satellite platform topside offshore Mexico, as part of Hokchi Energy's Hokchi field development. In a post on social media on Friday, Sapura Energy said it successfully lifted and set down the Hokchi Satellite Platform topside, weighing approximately 1,730MT in the Gulf of Mexico. Continue reading
