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The well intervention market is a niche one, with only a few main players – including Helix/Well Ops, Island Offshore, AKOFS Offshore and Siem Offshore – and only three key geographical regions; Northwest Europe, South America and the US Gulf of Mexico. Unsurprisingly then, the fleet operates in regions with high numbers of installed subsea... Continue Reading →
Aug 11, 2020 Petrobras published today (11) a tender for the chartering and provision of operating services for at least one or even two high-specification offshore drilling rigs for operation in water depths of up to 2,400 meters. The contract term to be awarded to the winner of the tender will be three years. The... Continue Reading →
Aug 11, 2020 Pré-Sal Petróleo (PPSA) signed a contract with Schlumberger to implement the cognitive environment for E&P called Delf. The cloud environment allows the storage and remote processing of data from oil and gas reservoirs with the participation of the Union. According to the company, the novelty will allow its professionals to interpret and... Continue Reading →
Shares in Singapore’s Keppel Corp (KPLM.SI) fell 13% on Tuesday after Temasek Holdings abandoned its $3 billion offer for the conglomerate by invoking a material adverse change clause following the company’s poor financial results. Keppel’s large second-quarter loss that breached a threshold in the state investor’s offer to buy majority control had boosted the risk... Continue Reading →
U.S. oil major ExxonMobil is set to begin drilling at the Kaieteur Block offshore Guyana, hoping to replicate successes made in the adjacent Stabroek block where it has made more than 16 discoveries. Westmount Energy, which indirectly owns a share in the Kaieteur Block, on Monday cited a statement by Ration Petroleum, according to which the... Continue Reading →
August 10, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release dated July 29, 2020, informs that today it paid Fundação Petrobras de Seguridade Social (Petros) R$ 950 million, regarding the full amount of the agreement with Petros on the arbitral dispute related to the investment in Sete Brasil. The agreement extinguished the dispute... Continue Reading →
State Power Investment Corporation of China (SPIC) signed an agreement to buy a 33% stake in the GNA I and GNA II thermoelectric plants, with 3 GW of capacity and integrated into the LNG terminal in Porto do Açu (RJ). - Agreement closed through the subsidiary SPIC Brasil foresees entry to the next plants of... Continue Reading →
Just as the oil and gas industry was starting to get back on its feet, COVID-19 and plummeting oil prices have affected the market across the board, including well intervention. But players in this space are optimistic, with new vessels and more compact intervention systems being planned and hopes that production enhancement will be an... Continue Reading →
Aug 10, 2020 Oceana Offshore last Friday requested registration for an initial public offering (IPO). Part of the proceeds from the operation are earmarked to purchase vessels and update the fleet, in addition to acquiring companies to increase market share. . According to the preliminary prospectus, the offering provides for primary (new shares, whose proceeds... Continue Reading →
Aug 7, 2020 Petrobras officially launched this week the bid for contracting the new platform P-78, which will be installed in the Buzios field, in the Santos Basin pre-salt. International competition will have the opening of proposals scheduled for December 18 this year. As we reported, the platform ship will only have the 25% of... Continue Reading →
Brazil Energy Insight 