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Oil major Shell and tech giant Microsoft are embarking on a new strategic alliance to support progress towards a world with net-zero emissions. Joining other oil majors like BP and Equinor, Shell revealed its plans to become a net-zero emissions energy business by 2050 or sooner back in April 2020. Shell and Microsoft said on Tuesday that... Continue Reading →
Efforts to increase remote capability often go hand in hand with increasing ROV residency. But exactly what form residency takes is diverging. Elaine Maslin takes a look. Dial back the clock five years and there was a movement towards an idea dubbed subsea resident remotely operated vehicles (ROVs). The idea, in simple terms, is that... Continue Reading →
Sept 22, 2020 Petrobras has postponed the delivery date of the bidding proposals for the acquisition of up to 53 sets of wet Christmas trees (ANMs) for the pre-salt layer and 17 electro hydraulic distribution units (UDEHs). The new scheduled date is November 30th. Divided into two different lots, Petrobras will acquire in Lot 1... Continue Reading →
Sept 22, 2020 Oil and gas project sanctions, especially in the offshore segment, are expected to rebound next year compared to the COVID-19 ravaged 2020, and even exceed the pre-pandemic levels from 2022 onwards, energy market analysts from Rystad Energy have said. Rystad on Tuesday somewhat upgraded its expectations for 2020 too, and now expects... Continue Reading →
Sept 22, 2020 Spanish oil firm Repsol has awarded a drilling contract to offshore drilling contractor Stena Drilling for a drilling campaign in Mexico. Stena Drilling said Monday that it had signed a contract with Repsol after a competitive tender exercise, for the use of the Stena IceaMax drillship. Repsol will use the rig to... Continue Reading →
Sept 22, 2020 Activity in Brazil’s energy patch keeps ratcheting ever higher. During January 2020, Latin America’s largest economy saw its all-important petroleum industry achieve a new milestone pumping on average a record 3.168 million barrels of crude daily. The COVID-19 pandemic and March 2020 oil price collapse did little to slow the oil boom... Continue Reading →
Sept 21, 2020 Norwegian marine seismic services company Shearwater GeoServices said Monday it had been awarded a contract by Malaysia's Petronas for work offshore Suriname. The award is for a large towed streamer 3D seismic survey over Petronas' Block 52, offshore Suriname. The four-month survey project is scheduled to start in Q4, 2020. "This new... Continue Reading →
Sept 18, 2020 Niport will provide offshore support to ExxonMobil's exploratory drilling campaign in Brazil in 2021. The company recently won the bid from the North American oil company to carry out the logistical operation on two different fronts: one in Rio de Janeiro to support activities in the Santos Basin and another in the... Continue Reading →
Sept 18, 2020 Another offshore wind farm project is being developed, this time on the coast of Espírito Santo - confirming the rush of companies for a place in this new frontier of renewable energy generation in the country. Vestu Winds, a newly created company, headquartered in Rio de Janeiro, sees the possibility of installing... Continue Reading →
Sept 18, 2020 Norwegian vessel owner Solstad Offshore has received a notice of early termination of the charter party for the one of its vessels from Italian offshore contractor Saipem. Solstad Offshore said on Thursday that the vessel in question was the offshore construction vessel Normand Maximus. The vessel, at the time of construction, was... Continue Reading →
Brazil Energy Insight 