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Offshore geotechnical services company Benthic will be deploying a remotely operated seabed drilling system off Brazil, as part of a contract awarded by the Brazilian national oil company Petrobras. Petrobras has hired Benthic to carry out geotechnical site investigation services at the giant Mero field located in the Santos Basin, which the company is developing in... Continue Reading →
Dutch marine services provider Boskalis said on Thursday it expected its 2020 core profit to match last year's result, offering a more optimistic outlook than market forecasts citing well-filled order books. The dredging giant, which counts energy companies among its major clients, reported half-year earnings before interest, tax, depreciation and amortization (EBITDA) at 204.1 million... Continue Reading →
TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a large(1) contract for Engineering, Procurement, Construction and Installation (EPCI) through a competitive contracting process, by Petrobras, the leader and operator of the Libra Consortium, which was formed by Petrobras, Shell Brasil, Total, CNPC, CNOOC Limited and Pré-sal Petróleo SA (PPSA), for the pre-salt Mero field, located in... Continue Reading →
Valaris Plc became the latest casualty of the global slump in oil prices, filing for bankruptcy Wednesday as the world’s largest offshore rig owner by fleet size seeks to restructure a roughly $7 billion debt load. The Chapter 11 filing in the U.S. Bankruptcy Court for the Southern District of Texas comes after the company... Continue Reading →
Aug 19, 2020 Petrobras will decide on the future of the bidding for the chartering of the FPSO of Itapu (transfer of rights) this week. The expectation is that the oil company will either choose to cancel the bid or postpone, once again, the date of delivery of the proposals, with the promise of being... Continue Reading →
Aug 18, 2020 This week Petrobras launched a tender to choose a supplier to acquire up to 15.1 km of flowline flexible pipelines for gas injection. The International competition will be in closed dispute mode, with the deadline for submitting proposals on August 24th. The opening of the envelopes with the competitors' proposals is scheduled... Continue Reading →
French oil major Total has resumed oil drilling offshore Angola with the Skyros rig while two more are expected to start operations in the week to follow. Olivier Jouny, managing director of Total Exploration & Production Angola, revealed short and mid-term plans for Total’s Angola operations in an interview with Africa Oil & Power on Monday. Continue... Continue Reading →
Aug 17, 2020 SBM Offshore nominates new head for Brazil. Executive Bruno Freitas will assume the role of regional director of the company in the country. He assumes the post that was in the hands of Eduardo Chamusca since April 2018. Chamusca, in turn, will assume a global role at SBM. He was appointed as... Continue Reading →
(Reuters) - French energy group Total and its partners have launched the third phase of development for the Mero deep offshore oil project off the coast of Brazil, the company said on Monday. The Mero 3 floating production storage and offloading vessel(FPSO) will have a liquid treatment capacity of 180,000 barrels per day (bpd) and... Continue Reading →
August 14 , 2020 Petróleo Brasileiro S.A. – Petrobras informs that today it signed a letter of intent with the company MISC Berhad for the chartering and services for FPSO (floating production storage and offloading unit) Marechal Duque de Caxias to be installed in the Mero field, belonging to the Libra Block, in Santos Basin... Continue Reading →
Brazil Energy Insight 