Norwegian offshore vessel operator DOF has secured contracts in Brazil for two of its anchor handling tug supply vessels. The company has won contracts through its Brazilian subsidiary Norskan The Skandi Paraty vessel, with an ROV onboard operated by DOF Subsea Brasil, has been awarded a one-year contract extension with Petrobras until July 2022. The... Continue Reading →
Energy transition takes spotlight in Aker Solutions’ record orderbook
Aker Solutions reported an order intake of NOK 12.2 billion in the second quarter of 2021, said to be the strongest in several years, of which about 60% is related to energy transition work. Aker Solutions saw its orderbook go up almost 30% in Q2 2021 compared to the same period last year, equaling 1.8... Continue Reading →
Norway’s Aker BP operating profit misses as field maintenance hits volumes
(Reuters) - Norway's Aker BP (AKERBP.OL) missed second-quarter operating profit expectations as field maintenance hit output and exploration costs rose, the independent oil and gas firm's results showed on Thursday. Earnings before interest and tax (EBIT) for April-June jumped to $614 million from $178.5 million a year earlier but were below the $668 million expected by analysts... Continue Reading →
MODEC and TOYO in talks for FPSO joint venture
Japan’s MODEC and Toyo Engineering Corporation (TOYO) are entering into talks to study an alliance for FPSO vessels. MODEC said on Thursday that the two companies have reached an agreement to execute a Memorandum of Understanding (MOU) to enter into discussions and to conduct the Feasibility Study (FS) regarding the alliance in the Engineering, Procurement,... Continue Reading →
3R Petroleum steady production at the Macau Cluster
(Valor) 3R Petroleum reported on Wednesday that the production of the Macau cluster, equivalent to the company's share, was 5.18 thousand barrels per day in June, and 5.21 thousand barrels equivalent in the second quarter of 2021, considering oil and gas . Total production at Polo Macau was 5.65 thousand barrels per day in June... Continue Reading →
Brazil: PetroRio Connects Polvo and Tubarao Martelo Fields. Eyes Significant OPEX Cut
Brazilian oil firm PetroRio said Wednesday it had completed the tieback between the Polvo and Tubarão Martelo offshore fields, a move that will slash its operational costs as there would no longer be a need for a chartered FPSO. According to PetroRio, the tieback project between the Polvo-A Platform and the Bravo FPSO was completed... Continue Reading →
Petrobras concludes the sale of Rio Ventura Cluster
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/21/2020, informs that today it has concluded the sale of its total interests in eight onshore exploration and production fields, jointly called Rio Ventura Cluster, located in the state of Bahia, to 3R Rio Ventura S.A., a wholly owned subsidiary of 3R Petroleum... Continue Reading →
Petronas Gearing Up to Spud Exploration Well Offshore Mexico
Malaysian oil and gas firm Petronas is preparing to start drilling an offshore well in Mexico. According to an exploration report by its Indonesian partner Medco Energi, Petronas is gearing up to drill the Bacalar-1EXP exploration well. Medco is a partner through its subsidiary Ophir Mexico Operations Block 12. The well will cost $4,417,169 in... Continue Reading →
PETRO RIO CONTRACTING OF RIG FOR FRADE AND WAHOO DRILLINGS
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3) informs its shareholders and the market in general that it has signed with Ocyan Drilling S.A. a contract to hire the NORBE VI drilling rig for the Frade Field Revitalization Campaign and the Wahoo Field development. The contract will begin in March 2022 and will enable the... Continue Reading →
Decarbonizing Offshore Drilling: FUELSAVE Pens Deal with Seadrill
Germany-based "cleantech" provider FUELSAVE has signed a contract with offshore drilling company Seadrill to deploy its advanced combustion conditioning technology on Seadrill's drillship. The technology promises to reduce primary fuel oil consumption and cut Co2 and GHG emissions from the rig. Seadrill’s 6th generation West Saturn drillship will be fitted with FUELSAVE’s solution FS MARINE+,... Continue Reading →
Brazil Energy Insight 