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French oil major Total has started oil production from the Zinia Phase 2 project offshore Angola, connected to the existing Pazflor FPSO. The Zinia Phase 2 project includes the drilling of nine wells and is expected to reach a production of 40,000 barrels of oil per day by mid-2022. Located in water depths from 600... Continue Reading →
Norway-based Axess Group has signed an offshore support services contract with FPSO operator Altera Infrastructure. Axess said this week that the long-term global contract would see Axess provide offshore support services to FPSO assets located on the Norwegian Continental Shelf and the Brazilian Continental Shelf, as well as other assets in the future. Axxes Group did not share details on the financial side of the deal nor... Continue Reading →
( OE) Offshore drilling contractor Noble Corp. has reportedly submitted a bid to acquire some assets of rival Seadrill. This is according to Reorg, a website providing credit intelligence, data, and analytics for hedge funds, asset managers, investment banks, law firms, and financial advisors. In a brief article (paywall) published Wednesday, Reorg, citing unnamed sources, said that... Continue Reading →
Aker Solutions has reported growth in both earnings and order intake in the first quarter of 2021, with about 35 per cent of new contracts related to the energy transition. In Q1 2021, Aker Solutions saw an EBITDA of NOK 427 million (approximately EUR 42.5 million), with a margin of 6.6 per cent, an increase... Continue Reading →
(PetroNoticias) Petrobrás is to restart today a mega bidding process that aims to contract maintenance and repair services on several offshore platforms in the Campos Basin. The tender was be concluded at the end of last year, but the state-owned company had to make adjustments to the bidding documentation and the process was republished. In... Continue Reading →
(PetroNoticias) Petrobras officially launches today the tender for the EPCI of the subsea works of the Búzios 7 project, with the start of the period for sending proposals. The opening of the envelopes was scheduled for the 4th of August. The FPSO Búzios 7 production development project, called P-78, will have a total of 13... Continue Reading →
(Reuters) Siemens Energy (ENR1n.DE), which supplies turbines to the power sector, on Wednesday lowered the upper end of its target range for 2021 sales, hurt by weaker-than-expected demand, project delays and the ongoing coronavirus crisis. Revenues are now expected to grow 3-8% in the year to September, compared with a previous range of 2-12%. According to... Continue Reading →
(Offshore Energy) Just like its rival Transocean, offshore drilling contractor Noble Corporation, which has recently marked its 100th anniversary, is optimistic about the market outlook for its rig fleet with a pipeline of tender opportunities developing on the horizon as well as higher day rates. Noble Corporation celebrated its one-hundred-year anniversary about a month ago, but that... Continue Reading →
(PetroNoticia) The Libra block development project will move forward. Petrobras applied to the Brazilian Institute of the Environment (Ibama) for the operating license for the second Early Production System (SPA) in the Mero field, located within the block. Like the first SPA in the area, this new project will also be carried out with the... Continue Reading →
Singapore-based Sembcorp Marine continues to face COVID-19 supply chain constraints and shortage of skilled workers, the company said announcing its Q1 results. The workforce shortage has been ascribed to the ongoing travel bans caused by the pandemic, as foreign workers, primarily those from India and Bangladesh, are unable to return to Singapore. Specifically, the Ministry... Continue Reading →
Brazil Energy Insight 