Seadrill Partners LLC said on Tuesday it had filed for Chapter 11 bankruptcy protection as a means to restructure its debt, in another sign of financial difficulties for the wider Seadrill Ltd oil drilling rig group. "The company intends to use the bankruptcy process to ensure that all customer, vendor and employee obligations are met without interruption... Continue Reading →
Brazil: PGS to Resume Campos Basin 3D Seismic Survey in December
Norwegian marine seismic data acquisition company PGS has informed that its Ramform Titan vessel is about to continue the acquisition of the Campos Deepwater GeoStreamer X (Phase 2), a prefunded MultiClient 3D seismic survey with multi-azimuth coverage. In December 2020, PGS will resume operations, to acquire an additional 8 400 sq km. This survey provides... Continue Reading →
Borr Drilling faces challenging financial situation amid payment delays in Mexico
Offshore drilling contractor Borr Drilling is facing a very challenging financial situation in 4Q and going into 2021 amid difficult market environment combined with payment delays for its rigs working for the Mexican oil giant Pemex. Borr Drilling has five rigs operating for Pemex offshore Mexico. According to its report on Monday, during the third... Continue Reading →
Offshore Charging Station for Electrified Offshore Vessels Being Developed in UK
A project has been launched in the UK to explore the viability of developing an offshore charging facility for vessels as part of the industry’s efforts to decarbonize its vessel operations. Funded by the first phase of the UK Government’s Sustainable Innovation Fund, the project - led by Turbulent Simulations, alongside Aluminium Marine Consultants, the... Continue Reading →
ESPÍRITO SANTO TAKES THE FIRST STEP TO HAVE ITS MODULAR REFINERY WITH PRIVATE INVESTMENT
The companies EnP, Oil Group and Porto Central, today signed (26) a memorandum of intent to develop the project of a Refinery in Espírito Santo. The event was held in Vitória, with the presence of Governor Renato Casa Grande. RefinES is being studied to be implemented in the Porto Central area, a port industrial complex... Continue Reading →
Brazil: Petrobras Taps Shearwater Geo for Deepwater OBN Survey
Seismic contractor Shearwater GeoServices has been awarded a large Ocean Bottom Node 4D Baseline survey in Brazil with the Brazilian national oil company Petrobras. The deepwater OBN survey will be carried out at the Jubarte Field in the Campos Basin. The 810 sq. km survey will start in the first half of 2021 and be... Continue Reading →
PETROBRAS LAUNCHES TENDERS FOR SUBSEA EQUIPMENT AND PIPELINE CONNECTION SERVICES
Petrobras announced two relevant bids this week, involving subsea equipment and pipeline connection services on platforms. The first bid includes the acquisition of five umbilical termination units (UTA) for the Búzios 5 platform, FPSO Almirante Barroso. The second bid for a service contract for the operation of pull-in and pull-out systems for subsea pipelines on... Continue Reading →
Tracking the Environmental Impact of the Oil and Gas Supply Chain
With the energy transition gaining pace, several exploration and production (“E&P”) companies have adjusted their business models; both to reduce emissions and to mitigate climate-related business risks. E&Ps may be grabbing the headlines regarding the oil and gas industry’s response to the energy transition, but the core of their supply chain – Oil Field Services (“OFS”)... Continue Reading →
Bassoe Analytics, Greenpact Data Merge into Esgian
Bassoe Analytics, a Norwegian offshore drilling rig data company, said Tuesday it has merged with Greenpact Data. The merged company, called Esgian, has been described as a provider of Environmental, Social, and Corporate Governance (ESG) impact analytics for the energy transition. According to info on its website, Esgian's mission is to create "independent and innovative data... Continue Reading →
Petrobras on More Value Program
Petrobras informs that it has launched the More Value Program (Programa Mais Valor), a new financial solution tool for suppliers. The pilot started last week and, in November 30th, the tool will be opened to companies interested in anticipating invoices with more competitive rates. The program seeks to stimulate the oil and gas production chain... Continue Reading →
Brazil Energy Insight 