Norwegian offshore shipping company Solstad Farstad has sold one of its platform supply vessels (PSVs). The sale was made by the Farstad Marine AS, a wholly owned subsidiary of Solstad Farstad ASA to an undisclosed buyer. Solstad Farstad said that the delivery of the vessel to the new owners took place on October 3. The... Continue Reading →
Karoon eyeing ‘hundreds of millions of barrels of oil’ in new offshore block in Brazil
Brazilian oil and gas regulator ANP last week held a licensing round, offering 287 offshore and onshore exploration blocks for oil companies to bid for. Out of the 287 blocks, it offered 76 offshore blocks in the Santos basin, the second largest producer of oil and the first of natural gas in Brazil. Only one... Continue Reading →
Subsea 7 firms up reel-lay vessel order with Royal IHC
Following a letter of intent in September, Royal IHC and Subsea 7 have signed a contract for the design and build of a new reel lay vessel, which will be capable of installing complex rigid flowlines including pipe-in-pipe systems. IHC said on Monday that, in close cooperation with Subsea 7, it had incorporated several innovative... Continue Reading →
Petrobras and Statoil advance on a strategic partnership to optimize the recovery of mature offshore fields
Rio de Janeiro, September 29, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that it signed today the Heads of Agreement (HoA) with the Norwegian company Statoil, in continuity to the Memorandum of Understanding signed in 8/30/2016, through which the companies committed themselves to assessing cooperation opportunities aligned with their business strategies. Under this agreement,... Continue Reading →
Keppel delivers FPSO for Petrobras’ Tartaruga fields
Keppel FELS Brasil’s BrasFELS shipyard has handed over the Cidade de Campos dos Goytacazes MV29 FPSO to MODEC. The floating production storage and offloading unit left the shipyard recently for the Bananal Bay in Brazil. It will subsequently be deployed in the Petrobras-run Tartaruga Verde and Tartaruga Mestiça Fields, in the Campos Basin, located about... Continue Reading →
Exxon’s big bet on Brazil oil could signal major pre-salt role
Exxon Mobil Corp’s big bet on Brazil’s offshore Campos basin shows its willingness to pay up to replenish its reserves and may pave the way for hefty bids in October auctions in the country’s rich pre-salt areas, analysts said. Marking a return to Brazilian exploration after a five-year absence, Exxon took eight blocks in the... Continue Reading →
Petrobras – Result of the 14th Round of ANP Bidding
Rio de Janeiro, September 27, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that it acquired seven blocks in the 14th Round of Bids under the Shared Production regime, held today by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), six of which offshore and one onshore. The company will be the operator... Continue Reading →
QGEP farms out Sergipe-Alagoas acreage to Exxon, Murphy
Brazil’s oil company QGEP has completed two separate farm-out agreements, one with ExxonMobil and one with Murphy Oil. The farm-out agreements are for Blocks SEAL-M-351 and SEAL-M-428 located in the Sergipe-Alagoas Basin. Additionally, QGEP and its partners have been awarded blocks SEAL-M-501 and SEAL-M-503 in Wednesday’s 14th ANP Bidding Round. Read more
TechnipFMC bags Peregrino II project subsea award
TechnipFMC has been awarded an engineering, procurement, construction and installation (EPCI) contract by Statoil for the Peregrino Phase II Project in Brazil. According to TechnipFMC’s statement on Thursday, the contract covers the execution of the subsea pipeline connection for the new production platform in Peregrino Phase II Project, located in Campos Basin, offshore Brazil. Read more
Bassoe: Get ready for the deepwater revival in Brazil
The Brazilian offshore rig market will probably never see a return to its halcyon days of 2012. But these days, the market needs any increase in demand for deepwater rigs it can get, and Brazil is one of the best bets through the rest of this decade. Two factors support a positive outlook for offshore drilling... Continue Reading →
