Sept 22, 2020 Spanish oil firm Repsol has awarded a drilling contract to offshore drilling contractor Stena Drilling for a drilling campaign in Mexico. Stena Drilling said Monday that it had signed a contract with Repsol after a competitive tender exercise, for the use of the Stena IceaMax drillship. Repsol will use the rig to... Continue Reading →
Low Oil Prices Haven’t Derailed Brazil’s Offshore Boom
Sept 22, 2020 Activity in Brazil’s energy patch keeps ratcheting ever higher. During January 2020, Latin America’s largest economy saw its all-important petroleum industry achieve a new milestone pumping on average a record 3.168 million barrels of crude daily. The COVID-19 pandemic and March 2020 oil price collapse did little to slow the oil boom... Continue Reading →
Exclusive: Shell launches major cost-cutting drive to prepare for energy transition
Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Shell’s new cost-cutting review, known internally as Project Reshape and expected to... Continue Reading →
Shearwater in Large Towed Streamer 3D Survey Off Suriname
Sept 21, 2020 Norwegian marine seismic services company Shearwater GeoServices said Monday it had been awarded a contract by Malaysia's Petronas for work offshore Suriname. The award is for a large towed streamer 3D seismic survey over Petronas' Block 52, offshore Suriname. The four-month survey project is scheduled to start in Q4, 2020. "This new... Continue Reading →
US, Guyana to Launch Joint Maritime Patrols Near Venezuela
Sept 18, 2020 The United States and Guyana will begin joint maritime patrols aimed at drug interdiction near the South American country’s disputed border with crisis-stricken Venezuela, the U.S. secretary of state and Guyana’s new president said on Friday. The agreement comes as U.S. oil major Exxon Mobil Corp, as part of a consortium with... Continue Reading →
ExxonMobil hires offshore support base operator
Sept 18, 2020 Niport will provide offshore support to ExxonMobil's exploratory drilling campaign in Brazil in 2021. The company recently won the bid from the North American oil company to carry out the logistical operation on two different fronts: one in Rio de Janeiro to support activities in the Santos Basin and another in the... Continue Reading →
Pemex projects production declines, AMLO’s new refinery to slash oil export volumes
Sept 18, 2020 (Bloomberg) --Petroleos Mexicanos expects a drastic drop in oil exports over the next three years as the company faces the twin challenges of declining output and supplying crude to a controversial new $8 billion refinery championed by the country’s President Andres Manuel Lopez Obrador. Pemex, as the state oil company is also... Continue Reading →
DÉCIO ODDONE IS APPOINTED TO ASSUME THE PRESIDENCY OF ENAUTA
Sept 18, 2020 The former director general of the National Petroleum Agency, Décio Oddone, was appointed to assume the presidency of Enauta. Final approval of the executive's name still depends on approval by the company's Board of Directors, which will meet on Monday (21) to confirm the nomination. Oddone left the ANP at the end... Continue Reading →
Solstad Offshore receives early charter termination for ‘Normand Maximus’
Sept 18, 2020 Norwegian vessel owner Solstad Offshore has received a notice of early termination of the charter party for the one of its vessels from Italian offshore contractor Saipem. Solstad Offshore said on Thursday that the vessel in question was the offshore construction vessel Normand Maximus. The vessel, at the time of construction, was... Continue Reading →
PETRO RIO MATERIAL FACT UPDATE ON SENIOR NOTES OFFERING
September 17, 2020 Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in compliance with the Securities and Exchange Commission (“CVM”) Instruction No. 358, of January 3, 2002, as amended, and in addition to the material fact disclosed on September 10, 2020, informs its shareholders and the market in general that it has chosen to interrupt... Continue Reading →
