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An offshore supply vessel was reportedly attacked offshore Mexico on Friday, July 24, in an incident that was described as a "violent armed boarding and robbery of personal belongings." The maritime safety intelligence company Dryad said Monday that the offshore supply vessel Natalie was boarded while conducting operations in the vicinity of the ODIN Offshore... Continue Reading →
Oilfield services major Schlumberger recognised a $3.34 billion loss in the second quarter on $3.7 billion charge and revenue drop of some 35 per cent. The loss of $2.47 per share compares with profit of 35 cents per share same time last year. Continue reading
July 24, 2020 Petróleo Brasileiro S.A. – Petrobras informs that its Executive Board approved today the beginning of the contracting processes for three new Floating Production Storage and Offloading (FPSOs) platforms for the Búzios field, in the Santos Basin pre-salt. The three new units are part of the Asset Development Plan, which envisages a total... Continue Reading →
Brazilian state-controlled oil company Petrobras said on Friday it has approved the start of a tender to build three new floating platforms, known as FPSOs, in the Buzios oilfield, one of the biggest deepwater discoveries this century. Earlier in July, Reuters reported that Petroleo Brasileiro SA, as the company is formally known, was preparing to... Continue Reading →
Havila said on Friday it has entered into a three-year bareboat contract with OceanPact Netherlands B.V. for the operation of the subsea vessel Havila Harmony in Brazil. Founded in 2007, OceanPact is dedicated to consultancy, management, and operation of oil spill response in coastal and offshore environments. It is one of the largest oil spill... Continue Reading →
Norwegian geophysical services company EMGS has seen its second-quarter loss widened as revenues slipped almost 50 per cent The Oslo-listed firm booked Q2 2020 loss of $6.6 million or 5 cents, versus loss of $2 million in Q2 2019. Revenues for the quarter fell at $7.5 million from $14.5 million same time last year. Continue... Continue Reading →
The global pandemic and oil price crash continues to stifle the offshore rig market, but when shallow-water demand returns national oil companies will dictate the pace. Over the past four months we have been flooded by news of just how badly the offshore rig market has been hit during the double whammy of the Corona... Continue Reading →
The Oslo-listed seismic player reported quarterly loss of $111.4 million, or 29 cents per share on revenues of $90 million. This result compares against loss of $49 million, or 14 cents per share on $192 million revenues in the prior-year quarter. The company also booked quarterly impairment and loss on sale of non-current assets and... Continue Reading →
Houston-based offshore services and robotics specialist Helix Energy Solutions has reported profit of $5.5 million, or 4 cents per diluted share, for the second quarter of 2020 compared to $16.8 million profit for the same period in 2019. Sequentially, Helix swung back to black from $11.9 million loss or 9 cents per diluted share. Second... Continue Reading →
Some oilfield services providers struggling to find work due to the oil industry downturn might replace some of the revenue by providing services in the renewable energy markets. For those in the SURF, maintenance, construction, and installation segments, the opportunities are especially ample, Norway-based energy intelligence firm Rystad Energy said. "Hit by the Covid-19 downturn,... Continue Reading →
Brazil Energy Insight 