Brought to you by Quest Offshore & Southern Cone Consultants
Germany-based renewable energy company RWE Renewables has appointed Katie Theoharides as Head of Offshore Development (East) in its offshore wind team in the U.S. Theoharides comes to RWE from her position as Secretary of Energy and Environmental Affairs for the Commonwealth of Massachusetts "A cabinet secretary to Governor Charlie Baker, she was responsible for more... Continue Reading →
Offshore accommodation specialist Prosafe has won a four-year contract with the Brazilian oil company Petrobras for the provision of the Safe Notos semi-submersible accommodation rig. Petrobras will use the accommodation unit for safety and maintenance support offshore Brazil. The contract is expected to start in Q3/Q4 2022 after the expiry of its current with Petrobras.... Continue Reading →
U.S. oilfield service giant Halliburton on Monday announced senior executive leadership changes whereby Lance Loeffler, executive vice president and chief financial officer (CFO) will assume the role of senior vice president of the Company’s Middle East North Africa (MENA) region. “Lance has done a fantastic job serving as Halliburton CFO and has played an instrumental role... Continue Reading →
(OE) U.S.-based international energy services and technology firm Baker Hughes has launched a new subsea wellhead technology, the MS-2 Annulus Seal. According to Baker Hughes, the seal can save substantial operational rig costs by helping lower overall wellhead installation costs due to reduced rig trips. "The new integrated sealing solution, globally launched and exhibited at... Continue Reading →
(WO) ApexBrasil, a Brazilian Trade and Investment Promotion Agency, is partnering with Brazil's Energy Research Office (EPE), The Brazilian Petroleum and Gas Institute (IBP), The Brazilian National Agency of Petroleum, Natural Gas, and Biofuels (ANP), Petrobras, and the Federation of the Industries of Rio De Janeiro State (FIRJAN) to highlight the country's burgeoning leadership in the sector at the... Continue Reading →
(GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $175 million, $0.26 per diluted share, for the three months ended March 31, 2022. First quarter 2022 results included net favorable non-cash item of $8 million, or $0.02 per diluted share, related to discrete tax items. After consideration... Continue Reading →
Oilfield services giant TechnipFMC has secured an additional contract and received notice to proceed from ExxonMobil for its Yellowtail development in the Stabroek Block offshore Guyana. The newly announced, "significant" flexibles contract covers six risers that are qualified for high pressure and high temperature. For TechnipFMC, a “significant” contract is between $75 million and $250... Continue Reading →
Petrobras has just issued a tender to contract up to eight ultra-deepwater rigs for drilling operations offshore Brazil, according to Esgian. The consulting firm reports that the tender is divided into three lots. Lot 1 is for up to two high-spec rigs with drilling capabilities in water depths up to 3,000m (~10,000ft). Lot 2 is... Continue Reading →
Offshore installation services firm Subsea 7 said Friday it had won a substantial contract in West Africa. Subsea 7 defines a substantial contract as being between $150 to $300 million. In a brief statement in which it didn't reveal much, Subsea 7 said the contract was for the engineering, procurement, installation, and commissioning of flowlines... Continue Reading →
(Bloomberg) — After driving up prices for everything from steel pipes to frac sand to labor, inflation has finally ensnared the centerpiece of oilfield equipment: the drilling rig. Rig prices are spiking in the U.S. compared to the rest of the world, promising profits at multiyear high for oilfield contractors. Three of the world’s biggest operators told investors... Continue Reading →
Brazil Energy Insight 