OneSubsea, a Schlumberger company based in Houston, Texas, United States, has signed a contract with Petrobras for subsea services in fields off the coast of Brazil, including inspection, maintenance, repairs, upgrades and parts supply, as well as installation services and commissioning. The contract is worth over US$200 million. The agreement includes a market differential by... Continue Reading →
PETROBRAS EVALUES DELAY RISK OF THE ALMIRANTE BARROSO FPSO AND RELAUNCHING REFINERY DIVESTMENTS
(PetroNoticias) Vaccination against covid-19 is advancing around the world, but the effects of the pandemic still reverberate in some economic activities. In the case of Petrobras, for example, the company is evaluating possible effects of the pandemic on the works of the FPSO Almirante Barroso, which will be installed in the Buzios field. “In relation... Continue Reading →
“It’s alive!”: Offshore Drillers Start Resuscitating Idle Drillships
Offshore drilling rig reactivations have begun as utilization and dayrates continue their rapid recovery, Esgian's Teresa Wilkie writes. We expected it to happen just not necessarily this soon. But now it’s official, several cold-stacked rigs are about to be reactivated for new jobs in the Golden Triangle, and Valaris is taking the lead. Just last... Continue Reading →
TGS, CGG, PGS Launch Shared Offshore Seismic Data Base ‘Versal’
(OE) Offshore seismic data companies TGS, CGG, and PGS, a unified seismic data ecosystem giving access to "three of the world’s largest multi-client libraries via a single log-in." They've named the ecosystem Versal. "Versal is an independent, secure, cloud-based, multi-client seismic data ecosystem where clients can easily access all their data and entitlements in one... Continue Reading →
Weak Q3 and Mixed 2022 Guidance Overshadow Saipem’s New Plan
Weak quarterly results and mixed 2022 guidance overshadowed a new business plan from Saipem on Thursday, sending shares in the Italian energy services group down more than 8%. In his first strategy plan, Chief Executive Francesco Caio said Saipem expected to start growing again next year as its offshore business and drilling bounce back from... Continue Reading →
Subsea Processing: Emissions Abatement Opportunity Knocks?
(OE) A complete subsea factory may yet be a pipe dream. However, with its constituent parts now more or less ready, the industry has a much greater toolbox of technologies with which it can now apply to existing and new subsea developments. But is there willingness, even with the temptation of being able to reduce... Continue Reading →
A Seismic Shift
(OE) Despite oil prices recently edging past $80 a barrel, scars from two recent oil industry downturns in five years have forced offshore seismic surveyors to look at ways to diversify. Marine seismic survey companies provide essential data to offshore oil and gas explorers to make better-informed drilling decisions. However, with every oil industry downturn,... Continue Reading →
TechnipFMC, Saipem jointly pursue SURF projects
TechnipFMC and Saipem have entered into a global commercial agreement to identify projects worldwide that could be jointly executed for the benefit of clients. Specifically, the agreement targets subsea umbilicals, risers and flowlines (SURF) projects where the combination of the companies’ complementary assets, technologies, products and competencies improves project economics and de-risks the overall project... Continue Reading →
SAPURA PLSV TO START OPERATION IN THE SANTOS BASIN
Sapura will soon start the execution of a new contract signed recently with Petrobras. The shipping company will operate the PLSV Sapura Diamante vessel in the Santos basin, working mainly on the installation and recovery of flexible pipelines in ultra-deep waters until 2025. According to Sapura, the vessel loaded with around 3,000 tons of lines... Continue Reading →
Baker Hughes to start trading on Nasdaq
Oilfield services provider Baker Hughes is set to change its listing from the New York Stock Exchange (NYSE) to Nasdaq Global Select Market (Nasdaq). Baker Hughes reported on Wednesday that it will transfer the listing of its common stock and listed bonds from the NYSE to the Nasdaq. Lorenzo Simonelli, Baker Hughes chairman and CEO, explained: “Baker Hughes is a leading... Continue Reading →
Brazil Energy Insight 