Brought to you by Quest Offshore & Southern Cone Consultants
The offshore drilling sector – challenged by managing an oversupplied, highly competitive market combined with over-leveraged balance sheets, weak liquidity, and stressed financials – is ripe for consolidation, Maritime Strategies International said in a recent report. The latest MODU [Mobile Offshore Drilling Units] Market Report from MSI analyses the sector’s current malaise and concludes that... Continue Reading →
(PetroNoticias) Petrobras is advancing again in yet another stage in the development of the Búzios field. On the 9th of August, the company will open the envelopes with proposals for the tender for contracting well construction services for the field. The tender will have national coverage and will consist of two excluding lots. The tender... Continue Reading →
ICR Integrity (ICR), an industrial maintenance and integrity company, has partnered up with Guyana-based Panthera Solutions (Panthera) to deliver its Technowrap and Quickflange technologies and other solutions and the booming oil and gas market in the region. Panthera provides fabric maintenance and deck services to offshore energy companies and their suppliers and employs a local... Continue Reading →
SBM Offshore is pleased to announce it has signed contracts with Petróleo Brasileiro S.A. (Petrobras) for the 26.25 years lease and operation of FPSO Almirante Tamandaré. These contracts follow the signing of the binding Letter of Intent as announced on February 25, 2021. FPSO Almirante Tamandaré will be deployed at the Búzios field in the... Continue Reading →
(PetroleoHoje) Hygo (formerly Golar Power) and Aruanã Energia plan to build two LNG facilities at the Port of Suape, in Pernambuco. Under analysis by the ANP, the projects foresee the use of the same area in the port, which motivated the agency's letter asking for clarification from the Suape administration. This is the Multiple Use... Continue Reading →
(PetroNoticias) Enauta started the week with good reasons to celebrate. Its main asset, the Atlanta field, reached today the mark of 18 million barrels produced since the beginning of its operation, in May 2018. Located in the Santos Basin, the field today operates through an Early Production System (EPS), the FPSO Petrojarl I, in a... Continue Reading →
By Oliver Thompson, Archer Knight Demand for work-class ROVs (WROV) has traditionally been determined by the state of the global offshore oil & gas industry. This is likely to remain the case in the short to medium-term. However, there’s a new kid on the block – offshore wind. Growth in this sector is seen as... Continue Reading →
(Bloomberg) -- If an energy transition is underway around the world, it hasn’t reached the streets of Ilha da Conceicao, the working-class district at the heart of Rio de Janeiro’s oil revival. There, buses and trucks are piling into Baker Hughes Co.’s shipyard, where the energy services giant is churning out hundreds of kilometers of... Continue Reading →
TechnipFMC’s Subsea division has reported an adjusted EBITDA of $154.1 million in the second quarter of 2021, a 14% increase compared to the first quarter of the year. The division saw a revenue of almost $1.4 billion, a modest improvement, and an operating profit of $72.4 million, a significant increase from $37 million reported in Q1 2021. The... Continue Reading →
Two of Keppel Offshore and Marine Limited’s wholly-owned subsidiaries have received a request for arbitration from an unnamed company for two FPSO contracts. Singapore’s conglomerate Keppel Corporation said in an SGX filing that the contracts in question were engineering, procurement, and construction contracts relating to floating production, storage, and offloading (FPSO) units. According to the company, the... Continue Reading →
Brazil Energy Insight 