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(Reuters) - Malaysia's state energy firm Petroliam Nasional (Petronas) (IPO-PETO.KL), opens new tab said on Friday it expects oil and gas markets to face continued uncertainties this year, as it reported a drop in fourth quarter profit due to lower energy prices. The conflicts in Ukraine and Gaza have led to heightened supply risks, while slowing global... Continue Reading →
(OE) Norwegian shipowner Siem Offshore has secured new contracts with TotalEnergies for two of its platform supply vessels (PSV) for work offshore Brazil. The contracts are for Siem Giant and Siem Atlas PSVs. The new duration for Siem Giant is three years firm with options up to four more years. For Siem Atlas, the new... Continue Reading →
(Reuters) - BP PLC (BP.L), opens new tab said on Thursday it was in talks with the Venezuela and Trinidad and Tobago governments to develop a gas field. BP has been seeking to increase its natural gas production in Trinidad to feed into Atlantic LNG's liquefied natural gas export facility. BP's gas output has fallen in the... Continue Reading →
Australia's top oil and gas company Woodside Energy has awarded a contract to Subsea 7 for subsea installation services for the Trion development offshore Mexico. Subsea 7 described the contract as large, which means its value ranges between $300 million and $500 million. The scope of contract for Subsea 7 includes engineering, construction, and installation... Continue Reading →
(OM) The Zama offshore oilfield development project operated by state company Pemex has been “delayed for the right reasons,” according to Talos Energy Chief Executive Tim Duncan. Duncan said that the delay will allow needed changes to the engineering design that will enable the project to move forward. Duncan was quoted by Reuters in a... Continue Reading →
Foresea, Brazilian leader in the offshore drilling segment, released its first annual report, with the financial and operational results achieved last year. The company consolidated a healthy financial position, ending the period with US$141 million in cash and a profit of US$65.8 million. Operational performance is also a highlight: the company maintained operational uptime of... Continue Reading →
(OE) Oilfield services firm Archer has secured a $20 million contract from Trident Energy to provide its well interventions and platform drilling services in Brazil. Archer will provide comprehensive platform drilling services, including well interventions for regulatory requirements, workover and drilling operations, well maintenance and drilling facilities engineering, to enhance Trident Energy's offshore assets in... Continue Reading →
(OE) Blue Water Shipping, a global provider of tailor-made transport and logistics solutions, has secured a contract with Noble Drilling for its operations in Suriname, as Noble Voyager drillship embarks on an exploration campaign north of Paramaribo. The contract for Blue Water Shipping covers customs brokerage, local logistics services, domestic transport and personnel services for... Continue Reading →
(Offshore-energy.biz) Isle of Man-headquartered oil and gas player Challenger Energy Group (CEG) has formally signed a license for a shallow water exploration block off the coast of Uruguay. Aside from embarking on technical work, the firm intends to go on the lookout for partners to enable an early farm-out. After Challenger Energy submitted a bid for the AREA OFF-3 block... Continue Reading →
(PN) Despite making progress in some of its bidding processes for platform ships (FPSOs), Petrobras is encountering difficulties in contracting various equipment and vessels. According to the director of engineering, technology and innovation at the state-owned company, Carlos Travassos, other actors in the oil and gas sector around the world are also experiencing this situation.... Continue Reading →
Brazil Energy Insight 