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Eagle Passos, the last of the four new relievers hired to increase Petrobras' flow capacity, concluded this Tuesday its first oil transfer operation, carried out in the Tupi field, in the Santos Basin. The oil, collected from the P-67 and Cidade de Saquarema platforms, was subsequently unloaded from Eagle Passos to an export vessel in... Continue Reading →
Oilfield services provider Halliburton booked a loss in the last quarter of 2020. While the loss is bigger compared to 3Q 2020, it is significantly smaller in a year-over-year comparison. In a report on Tuesday, Halliburton announced a net loss of $235 million for the fourth quarter of 2020. This compares to a net loss for... Continue Reading →
Just how bad was it? The year of 2020 has to be one of the toughest and most challenging for the offshore rig market. After starting on a high with the knowledge that the previous oil price crash was now well and truly in the past, demand, dayrates and utilization were all showing healthy improvement. The... Continue Reading →
Exxon Mobil Corp said on Friday that its latest exploration well in the prolific Stabroek block off Guyana's coast did not find oil in its target area, the second setback to its drilling campaign in recent months. Exxon, which operates the Stabroek block in a consortium with Hess Corp and China's CNOOC Ltd, has made... Continue Reading →
Following a conditional letter of the award signed with the French oil giant Total last November for the supply of two offshore drilling rigs in Suriname, Danish offshore drilling firm Maersk Drilling said Monday Total has firmed up the contracts. For Total's Suriname drilling campaign in Block 58, which has so far rather successfully been carried out... Continue Reading →
Proposals for the construction of the P-78 and P-79 platforms will be delivered on February 1 In continuity with its development strategy for the Búzios field, in the Santos Basin pre-salt, on February 1, Petrobras will receive proposals from pre-qualified companies for the bidding for the construction of platforms P-78 and P -79. The bidding... Continue Reading →
Offshore drilling contractor Pacific Drilling has secured a contract for its drillship with Malaysian giant Petronas for operations offshore Mexico. In a fleet status report published earlier this week, Pacific Drilling said that the assignment of Pacific Khamsin drillship to Total for Equinor’s second firm well was completed in November 2020. To remind, Pacific Khamsin drilled the Monument exploration well in the U.S.... Continue Reading →
Seabed seismic player Magseis Fairfield said it has wrapped up acquisition project offshore Mexico. This marked the end of the first ever deepwater ocean bottom node (OBN) survey acquired in Mexico. Magseis Fairfield announced this project for an undisclosed client end-March last year. The work kicked off in the third quarter of 2020. Back then,... Continue Reading →
Oceaneering’s Subsea Robotics segment has won multiple contracts during the fourth quarter of 2020, with anticipated aggregate revenue in excess of $225 million. These contracts are with international oil and gas operators and marine construction companies, and range in duration from several months to five years. The work scopes are primarily for remotely operated vehicle (ROV)... Continue Reading →
Norwegian energy company Equinor said it has been selected to provide New York State with offshore wind power in one of the United States' largest renewable energy procurements to date. Under the award, Equinor and partner BP will provide 1,260 megawatts (MW) of renewable offshore wind power from Empire Wind 2, and another 1,230 MW... Continue Reading →
Brazil Energy Insight 