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In 2017, the Brazil National Petroleum Agency (ANP) issued a failure mode alert: stress corrosion cracking (SCC-CO2) triggered by the presence of CO2 in high-pressure pre-salt conditions had been identified as the cause of broken tensile armor wires on a certain flexible pipe installation. Relatively common in other applications where carbon steel is subject to... Continue Reading →
Offshore drilling contractor Pacific Drilling, which last month filed for Chapter 11 Bankruptcy, on Tuesday said that the United States Bankruptcy Court for the Southern District of Texas had confirmed its debt reorganization plan. The driller in November filed for Chapter 11 bankruptcy with the aim to eliminate $1.1 billion debt. Bernie G. Wolford, Pacific Drilling's... Continue Reading →
Japan’s FPSO specialist MODEC in December 2020 obtained approval by the American Bureau of Shipping (ABS) for the new offshore repair method for hull structures of floating oil and gas production facilities such as floating production storage and offloading (FPSO) vessels as an original standard repair method. Diagram of new offshore repair method; Source: MODEC... Continue Reading →
Oilfield services provider National Oilwell Varco said Monday it would change its corporate name to “NOV Inc.”, effective January 1, 2021. The company’s ticker symbol, “NOV”, will remain unchanged. Clay Williams, Chairman, President, and CEO said: "Our company has a long and proud legacy of innovation and technology dating back to the earliest days of... Continue Reading →
The oil company announced to its shareholders this morning that it will assume the entire stake in the Atlanta Field, in the BS-4 block of the Santos Basin. Looking to the future, the company is now preparing to start a bidding process to contract the definitive FPSO for the field - which today has an... Continue Reading →
Norway-based offshore vessel owner Solstad Offshore said Monday it has secured a contract extension for one of its vessels in Argentina. The contract extension is for the construction support vessel Normand Commander, with Bahia Grande LN S.A. Under the three-year extension, the vessel will now remain with Bahia Grande until October 2026. Solstad Offshore did... Continue Reading →
Rio de Janeiro, December 17, 2020 - Petróleo Brasileiro S.A. - Petrobras informs that, on this date, the payment of R$ 190 million was made to the Pension Fund of the Employees of the Bank of Brazil - Previ, due to the agreement that ended the arbitration litigation proposed by Previ in order to obtain... Continue Reading →
The oil tanker Eagle Passos, a vessel of the AET company, has already departed for Brazil and will reinforce the Transpetro fleet. The new unit left the Samsung Heavy Industries shipyard in South Korea and is expected to dock in Rio de Janeiro around the 11th of next month. Eagle Passos is the latest in... Continue Reading →
Australian oil and gas company BHP, working to develop the Trion field offshore Mexico, has hired DNV GL to verify that the new infrastructure built for the Trion project is compliant with local and global safety, as well as other requirements. BHP acquired the Trion asset in Mexico’s first-ever Deepwater Bid Round in 2016. The... Continue Reading →
The 10 Year Energy Plan (PDE) 2030 is in public consultation this week, bringing some expressive forecasts about how the oil and gas sector in Brazil will develop in this decade. The document points out that the exploration and production (E&P) segment should receive investments between US$ 415 billion and US$ 454 billion in the... Continue Reading →
Brazil Energy Insight 