Brought to you by Quest Offshore & Southern Cone Consultants
The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices, even in the face of reduced production by the big producers. Though storm clouds persist, there appears a clearing on... Continue Reading →
Suriname’s national oil company Staatsolie has completed its Nearshore Drilling Project in the country, which consisted of six wells, but failed to make a commercial oil discovery. Staatsolie said earlier this week that it had drilled six exploration wells as part of its nearshore drilling campaign. While no commercial oil discovery was made, valuable data... Continue Reading →
The worldwide offshore rig count in November 2019 increased by four units sequentially and 41 units year-over-year, according to Friday rig count reports by Baker Hughes Company. BHGE splits its rig counts into international and North America rig counts, which combined make the worldwide rig count. Baker Hughes reported on Friday that the international rig count for... Continue Reading →
December 6, 2019 Concerned about the natural decline in the Campos Basin post-salt in contrast to the record highs in pre-salt production, Petrobras announced this week through its exploration and production director Carlos Alberto Pereira de Oliveira that it will invest 21 billion dollars for the next 4 years. The investments would aim to try... Continue Reading →
Norwegian offshore vessel owner Solstad Offshore has signed contract extensions for two platform supply vessels (PSVs) with Equinor in Brazil. Solstad said on Friday that the contract extensions were awarded to the Far Scotsman and Sea Brasil vessels. The contract for Far Scotsman is extended by two years, while Sea Brasil is extended by one... Continue Reading →
December 4, 2019 Petrobras plans to decommission 18 offshore oil and gas production platforms over the next five years at a total cost of U$ 6 billion. The data is part of the company's Business Plan detailed on Wednesday in New York. The company plans to decommission seven semi-submersible platforms, six fixed platforms and five... Continue Reading →
Dec 5, 2019 Brazilian state-run oil firm Petrobras is considering putting additional stakes in significant offshore oilfields up for sale, executives said on Wednesday, as the company continues to aggressively de-leverage. In a presentation, the executives said they may sell stakes in the Marlim field, as well as the firm's majority stake in the Papa-Terra... Continue Reading →
Malaysia’s Sapura Energy has won RM615 million (~$147 million) worth of contracts in the Engineering and Construction (E&C) as well as Drilling segments of its business. In Brazil, Petrobras has awarded Sapura Navegação Marítima S.A. a contract extension to charter and operate Sapura Topazio, a dynamic positioning (DP) 2 self-propelled pipelaying vessel. Sapura said the Petrobras contract came... Continue Reading →
Norwegian offshore vessel provider Siem Offshore has been awarded contract extensions for two of its vessels. The unnamed charterer has exercised the first of two six-month options for each of the vessels Siem Atlas and Siem Giant. Both extensions are scheduled to start from December 9, 2019. The two vessels were previously both awarded a one-year... Continue Reading →
Dommo Energia in November 2018 executed an amendment to the OSX-3 charter agreement with the owner of the vessel, OSX 3 Leasing B.V., to extend the existing charter for a period of up to 20 years. The charter payment under the deal agreed last year was is $47.2 million per year – equivalent to a... Continue Reading →
