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Aug 23, 2019 Modec do Brasil has completed the issuance of a US $ 1.1 billion bond to finance one of its vessels in Brazil, the FPSO Cidade de Mangaratiba, in operation since 2014 in the Iracema Sul area, in the Lula pre-salt area. “This is the first public issuance to fund a Floating Production... Continue Reading →
Aug 23, 2019 Equinor plans to launch in mid-September a request for information (RFI) for hiring a hybrid boat to service operations in the Peregrino field. The operator will pursue a project that, in addition to safety and operational reliability, is aligned with concepts of innovation, digitization and automation. Equinor Brasil's supply chain chief in... Continue Reading →
Following a recent oil discovery at the Jethro well offshore Guyana, oil firm Tullow is set to spud the second well, Joe-1, within days. Eco Atlantic, Tullow’s partner in the Orinduik block where the Jethro-1 discovery – 180.5 feet (55 meters) of net high-quality oil pay – was made, said the drillship is currently moving... Continue Reading →
Hess Corporation’s investment in Guyana’s offshore Stabroek Block has resulted in the company emerging as the best-performing US oil firm this year and, along with its partners, it is poised to reap US$22 billion ($4.5 trillion) in profits from its initial two projects here, the Wall Street Journal (WSJ) reported yesterday. “Hess Corp. has emerged... Continue Reading →
The UK-based oil firm is operating the project with a 60 percent stake, with the remaining 40 percent currently held by Rockhopper exploration. The company has been in talks to secure a loan to fund the development of the first phase of the 250 mmboe (gross) of resource in Phase 1 of the Sea Lion... Continue Reading →
Aug 21, 2019 PGS plans to initiate in February 2020 a 3D seismic survey in the Sergipe-Alagoas Basin. Called Pirambu NE, the program foresees the acquisition of data in an area of 11,272 thousand km² in a minimum water depth of 500 m and a minimum distance of 32 km from the coast of the... Continue Reading →
AUG 21, 2019 Seadrill believes there will still be business opportunities for its PLSVs whose contracts with Petrobras are coming to an end this year. According to its CEO, Anton Dibowitz, the entry of new IOCs in the Brazilian market is contributing to its recovery. The company currently operates five submarine launch vessels for Petrobras... Continue Reading →
Subsea contractor Frontera Offshore has entered into an exclusive collaboration with DOF Subsea for the Mexican market. The alliance is intended to leverage the local presence and track record of Frontera with the specialized vessels, engineering capabilities and subsea survey and installation experience of DOF Subsea. The Mexican offshore market is expected to see unprecedented... Continue Reading →
Norwegian oil company Equinor has entered an offshore exploration partnership with Argentina’s YPF for work in the CAN 100 block. Equinor and YPF representatives have signed a preliminary agreement setting core terms and conditions for YPF’s transfer of 50% of its share in the CAN 100 offshore block to Equinor. Tim Dodson, Equinor’s executive vice... Continue Reading →
Aug 19, 2019 The offer of 15 exploratory blocks in the SC-AR4 sector in shallow waters of the Campos Basin may attract the interest of independent oil companies registered in the Permanent Offer. The blocks are near the fields of Polvo, operated by PetroRio, and Peregrino, operated by Equinor, which is not registered in the... Continue Reading →
