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Jul 22, 2020 Constellation, Ocyan, Seadrill and Vallaris have qualified for the second phase of Petrobras' bidding for the chartering of one or more 2,400 m rigs for the Mero field, in the Santos cluster. The companies presented the best proposals in phase I, with non-binding prices for the “as is” stage. Source: PetroleoHoje
Marine seismic contractor Polarcus saw its second-quarter revenue fall due to contract cancellations and lower dayrates caused by the slump in oil prices and the oil companies' exploration budget cuts that followed. During the quarter, the company saw its vessel utilization drop to 50%, compared to 72% in Q2 2019. Backlog was approximately USD 141... Continue Reading →
Baker Hughes Co posted its second consecutive quarterly loss on Wednesday and said it would rein in costs as it prepares for a longer period of volatility in oil prices that has crushed demand for its oilfield services. Oil producers halted drilling new wells and drastically cut their budgets following a collapse in crude oil... Continue Reading →
Jul 21, 2020 Since December, Petrobrás had been receiving bid proposals for the chartering of drill rigs for water depths up to 700 meters. But, after a few postponements, the company decided to cancel the tender, leaving a the companies that worked in the bids and invested funds to prepare the proposals frustrated and at... Continue Reading →
Colombia's state-run oil firm Ecopetrol has hired Doris Inc. for the provision of Consulting Engineering Services. The scope includes including studies, engineering, and support during the execution of offshore oil and gas developments. The contract is for a five-year period. Doris did not provide the financial details on the deal. Continue reading
Jul 20, 2020 Oceânica Engenharia e Consultoria signed a contract with Petrobras to provide underwater intervention services in water depths of up to 3 thousand m. The scope includes engineering services, painting (anti-corrosion), equipment certification and recertification, manufacturing and assembly, material characterization, computer simulations and underwater operations practices, among other activities. Source: PetroleoHoje
Finland’s Wartsila (WRT1V.HE) sees the second half of the year as ‘extremely challenging’, its chief executive said on Friday, after the engineering firm reported smaller-than-feared 51% drop in April-June profits. The ship technology and power plants maker said the effects of the pandemic on its 2020 numbers would be material and CEO Jaakko Eskola told... Continue Reading →
July 17, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 05/17/2019 and 06/21/2019, informs that, yesterday, the United States Court of Appeals for the Fifth Circuit dismissed the appeal filed by the company against the decision rendered by the Federal Court of Texas, on 05/17/2019, which confirmed the arbitration award... Continue Reading →
Jul 17, 2020 Petrobras requested a license from Ibama for the implementation of 12 FPSOs in the Santos Basin pre-salt and the reactivation of an FPSO in Mero (“FPSO Mero FR”). There are four new units for the Buzios field (Buzios FPSOs 9, 10, 11 and 12), in addition to the Sepia 2 FPSOs. Among... Continue Reading →
Danish offshore drilling company Maersk Drilling has recently upgraded its 2014-built Maersk Valiant ultra-deepwater drillship. While the Maersk Valiant was recently stacked offshore Port Fourchon the Managed Pressure Drilling (MPD) system was upgraded by integrating the new BTR rotating control device (RCD) by Weatherford. Continue reading
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