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(Reuters) - U.S. oil producer Exxon Mobil Corp (XOM.N) is drilling in a new area offshore of Brazil that could have as much as 1 billion barrels of oil and gas, its partner Murphy Oil said on Tuesday. If exploration is successful, it would be Exxon's first oil discovery in Brazil as an operator. Exxon leads the... Continue Reading →
Following the announcement on November 30 2021, with respect to the signature of the contracts for FPSO Alexandre de Gusmão, SBM Offshore is pleased to announce that it has entered into a shareholder agreement with its long standing business partners Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK). MC and NYK have acquired a respective... Continue Reading →
(PN) Shell notified the discovery of evidence of natural gas in block C-M-791, located in the Campos Basin, off the coast of Rio de Janeiro, in a water depth of 2,917 meters. The discovery took place in well 1-SHEL-34A-RJS (Bob-1A), according to information from the National Petroleum Agency (ANP). The drilling of the Bob-1A well... Continue Reading →
Subsea 7 ended 2021 with excellent operational and financial performance. Revenue reached US$ 5 billion, representing growth of 45% compared to the previous year. The company's EBITDA reached US$ 521 million, an increase of 55% compared to 2020. Net income for the year was US$ 36 million. The global order backlog hit the $7.2 billion... Continue Reading →
(Offshore Energy) Oilfield services provider Baker Hughes has inked a deal to acquire Altus Intervention, a provider of well intervention services and down-hole oil & gas technology, to strengthen its technological capabilities while enabling its customers to maximise production from fields. Baker Hughes informed on Monday that it is acquiring Altus Intervention to bring critical capabilities... Continue Reading →
(PetroleoHoje) Transocean and Maersk Drilling continue in the dispute for the charter of the rig that will operate alongside the West Saturn unit for Equinor, drilling the development wells of the Bacalhau project, in the Santos Basin. The two groups presented the best proposals, being selected to proceed with the negotiation process with the Norwegian... Continue Reading →
Three U.S. oilfield services providers – Halliburton, Schlumberger, and Baker Hughes – have decided to suspend any future investments and operations in Russia following the country’s attack on Ukraine and the widespread sanctions imposed as a result of the war. The attack gave rise to numerous sanctions not only against Russia but also against its... Continue Reading →
(OE) Offshore drilling contractor Stena Drilling said in a social media post it was preparing to introduce the newest addition to its drilling fleet, the Stena Evolution drillship. "The Stena Evolution will be a technologically advanced 7th Generation ultra-deepwater drillship, and demonstrates Stena Drilling’s continued commitment to driving innovation and performance in the ultra-deepwater sector,... Continue Reading →
ffshore drilling companies Noble Corporation and Maersk Drilling, which are set to merge, on Friday announced executive management team for the combined company. The executive management team appointments will be effective after the closing of the business combination announced on November 10, 2021. "The combined company will have a proven management team led by Robert... Continue Reading →
Norway’s PaleBlue has launched the ROV Engineering Simulator tailored for subsea engineering, design reviews, and accessibility checks of subsea installations with the use of remotely operated vehicles (ROVs). The simulator provides real-time simulation and visualization tools that allow users to set up a subsea scene, import CAD equipment, and model various situations with ROVs. According... Continue Reading →
