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Despite projected demand recovery post-2020, the global offshore support vessel (OSV) market continues to face a utilization challenge, a joint research by Braemar ACM Shipbroking (Braemar) and Westwood Global Energy Group has shown. According to the press statement released Wednesday, over the course of 2020, estimates for total utilization for the global OSV market fell... Continue Reading →
Subsea Integration Alliance, the partnership between Subsea 7 and OneSubsea, has officially secured the EPCI contract with Equinor for the Bacalhau field in Brazil. The work scope covers the engineering, procurement, construction and installation (EPCI) of the subsea pipelines (SURF) and production systems (SPS) for the field located 185 kilometers from the coast of São... Continue Reading →
Subsea Integration Alliance, the partnership between Subsea 7 and OneSubsea, is anticipating the final confirmation of an EPCI contract with Equinor for the Bacalhau field “in the near future”. If confirmed, the work scope will cover the engineering, procurement, construction and installation (EPCI) of the subsea pipelines (SURF) and production systems (SPS) for the field located... Continue Reading →
Norwegian oil and gas company Equnior has made a final investment decision for the development of the Bacalhau field offshore Brazil. The development of the field located in the Santos Basin will cost around $8 billion. Arne Sigve Nylund, Equinor’s executive vice president for Projects, Drilling, and Procurement said: "This is an exciting day. Bacalhau is the... Continue Reading →
(PetroNoticias) The Brazilian Environment Institute (Ibama) granted the installation license for the FPSO Sepetiba, the second platform vessel to be installed in the Mero field, in the Santos Basin pre-salt. The document will be valid until May 2025 and also covers the collection and disposal system associated with the vessel. The Sepetiba FPSO should start... Continue Reading →
(PetroleoHoje) Yinson has a great chance of winning the FPSO charter contract for the Parque das Baleias Integrated System, in case Petrobras chooses to proceed with the bidding. The group presented a daily fee of US $ 647,746, which is higher than the offer in the original bid, but still below the price projected by... Continue Reading →
Offshore drilling contractor Borr Drilling is optimistic and encouraged by signs of shallow water rig market recovery amid strong tendering and contracting activity, clearly visible in the rig owner’s latest contract wins and extensions. The company and its Drilling JVs have been awarded 17 new contracts, extensions, exercised options, and LOAs/ LOIs from the start... Continue Reading →
Oilfield services provider Archer has received approval from a competition regulator in Norway for the acquisition of DeepWell. Following an offer letter from April 2021 to purchase 100 per cent of shares in DeepWell, Archer in early May signed a sale and purchase agreement to acquire DeepWell based on an enterprise value of NOK 177 million on a debt... Continue Reading →
(TNPetroleo) Equinor Brasil Energia signed a contract for drilling in the Bacalhau field with Seadrill Management, subject to the final investment decision. The duration of the contract is four years, with start-up scheduled for the first quarter of 2022. The goal is to drill six wells until production begins in 2024. The contract also includes... Continue Reading →
(PetroNoticias) The week is coming to an end with a result long awaited by the Brazilian chain of offshore service providers. Petrobras opened the proposals of the companies that competed in the mega bid for the maintenance and repair of several platforms in the Campos Basin. The tender offered four lots with a reference budget... Continue Reading →
Brazil Energy Insight 