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The offshore industry is going through an unprecedented digital disruption that transcends asset classes and is creating a roadmap to safer and more cost-effective operations. The current face of that transition is the ‘digital twin’, a virtual replica of physical assets, processes and systems that ultimately will be used by owners to predict failures before... Continue Reading →
Sept 10, 2019 Weatherford announced the signing of an $87 million contract for fishing and intervention services with Petrobras. The four-year agreement represents the largest fishing contract ever signed by Weatherford. It also constitutes the largest single global award for this scope in the recent past. "Weatherford is the global leader for fishing and intervention... Continue Reading →
Shearwater GeoServices has been awarded a large survey to be acquired in South America, starting in the fourth quarter of 2019. This is Shearwater’s third contract in as many days. The six-month project covers approximately 8,500 sq. km and will be acquired by the Amazon Warrior vessel, using 14-streamers and Flexisource triple source. The Amazon... Continue Reading →
Oil major ExxonMobil has won three offshore exploration blocks in the Sergipe-Alagoas basin as part of Brazil’s first permanent bidding round. s part of the first cycle of the permanent round, the country’s regulator, the National Agency of Petroleum, Natural Gas and Biofuels (ANP), auctioned 33 blocks in the Sergipe-Alagoas, Parnaíba, Potiguar and Recôncavo basins,... Continue Reading →
Sept 9, 201 The year 2021 will mark the peak demand for offshore well services in the production development phase within the next five years, according to ANP data. It is estimated that 111 wells will be drilled, while 135 will have to be completed, 49 razed and abandoned and another 29 will need to... Continue Reading →
Sept 9, 2019 Oil and natural gas production at the Berbigão and Sururu fields in the Santos Basin will be inaugurated by the end of the year, according to Márcio Naumann, Valongo's Petrobras Operational Support manager. The extraction will be done by the P-68 FPSO platform for extracting, storing and transporting which is at the... Continue Reading →
Sept 9, 2019 The Ministry of Mines and Energy (MME) approved the edict and the models of the Production Sharing Agreements, prepared by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) for the bidding of Transfer of Rights Surplus in the areas of Atapu, Buzios, Itapu and Sepia, scheduled for November 6, ensuring... Continue Reading →
The worldwide offshore rig count in August 2019 decreased by ten units sequentially, but increased by 41 unit year-over-year, according to reports by Baker Hughes, a GE company. BHGE splits its rig counts into international and North America rig counts, which combined make the worldwide rig count. Baker Hughes reported on Monday that the international... Continue Reading →
The frontier oil province is set for yet another significant investment opportunity. But political uncertainty is just one of the many myriad challenges the country faces before first oil Guyana is anticipating the announcement of another major oil find as early as next week, the country’s chief investment official said at the SPE Offshore Europe... Continue Reading →
Sept 6, 2019 ANP is expected to publish this Friday (6) the announcement of the auction of surplus of the Transfer of Rights, another step towards meeting the goal of holding the auction on November 6. - Yesterday, the agency's board of directors concluded the installation of the special bidding commissions (CELs) of the transfer... Continue Reading →
Brazil Energy Insight 