In the midst of the process of change in its high command, Petrobras launched this week a new tender that promises to move the market. The state-owned company published a public notice to contract up to five offshore drilling rigs. The opening of the envelopes with the bidders' proposals is scheduled for March 15th. The... Continue Reading →
Saipem develops CO2 estimation tool for offshore projects
Italian oilfield services company Saipem has developed a new tool for the estimation of the carbon footprint of its offshore projects. Saipem said on Wednesday it has won the Environmental Sustainability Award in International Marine Contractors Association’s (IMCA) 2020 Awards programme, for an innovative CO2 estimation tool in its offshore projects. The tool is named SOCE (Saipem... Continue Reading →
Petrobras gets single offer from SBM for Mero 4 oil platform
(Reuters) - Brazil’s state-controlled oil company Petrobras received only one proposal, from Holland’s SBM Offshore, in a bid to contract construction of the Mero 4 oil platform in the Santos Basin pre-salt, two sources with knowledge of the matter told Reuters. Petrobras’ business plan foresees Mero 4 entering operation in 2025 with a capacity to... Continue Reading →
Mero 4 FPSO has only one proposal
SBM, after successive postponements, was apparently the only company to bid on Petrobras' tender for the chartering of the FPSO Mero 4, which will be installed in the production sharing field of the same name, in the Santos Basin. Modec did not offer and Misc Berhard, which analyzed the project but did not submit. (Reuters)... Continue Reading →
Sembcorp Marine books loss and expects trend to continue
After reporting a higher net loss in FY2020 compared to FY2019 impacted by decreasing revenues due to lower activity and project stoppages and delays caused by Covid-19, Singapore’s offshore construction specialist Sembcorp Marine expects losses to continue. In its financial report on Tuesday, Sembcorp Marine emphasised that no existing projects were cancelled due to the Covid-19 pandemic.... Continue Reading →
Transocean bleeds red ink in fourth quarter
Offshore drilling contractor Transocean sank to a net loss in the last quarter of 2020 compared to the prior quarter of the year as its revenues decreased but managed to reduce its losses in the year-over-year comparison. Transocean said in its quarterly report on Monday that its total contract drilling revenues were $690 million in the fourth... Continue Reading →
Samsung Heavy Settles Brazil Graft Investigation for $149M
South Korean shipbuilder Samsung Heavy Industries agreed to pay 812 million reais ($148.56 million) in a leniency deal with Brazilian authorities to settle corruption investigations, federal prosecutors said late on Monday. On its website, the prosecutor's office said the deal was part of a global negotiation between the company and U.S. and Brazilian authorities to... Continue Reading →
Saipem, Partners to Build Huge Offshore Clean Energy Hub in Italy
Italy's Saipem and renewable energy companies AGNES and Qint’x have applied for permits to develop one of the world's biggest offshore clean energy hubs, to generate wind and solar power and produce green hydrogen, Saipem said on Thursday. The companies have agreed to build 620 megawatts of wind and solar capacity off the coast of... Continue Reading →
ExxonMobil brings in experts to repair Guyana FPSO after compressor issues
Oil major ExxonMobil has experienced technical issues with a gas compressor on the SBM Offshore-owned FPSO Liza Destiny, working for ExxonMobil offshore Guyana. Experts are now working to define the scope of repairs and fix the issue. ExxonMobil said at the end of January 2021 that there was a technical issue regarding a seal on... Continue Reading →
Shearwater to Carry Out Largest OBN Seismic Survey in Brazil
Marine seismic data acquisition company Shearwater GeoServices has won a contract with Petrobras for deepwater Ocean Bottom Node seismic acquisition for the Tupi and Iracema projects in the Santos Basin offshore Brazil. "This will be the largest OBN seismic survey in Brazil, at the Tupi field, considered Brazil’s first super-giant oil field and is a... Continue Reading →
Brazil Energy Insight 