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July 13, 2020 The new coronavirus pandemic accelerated Petrobras' strategy of concentrating efforts on the pre-salt layer. The state-owned company, which had already been selling subsidiaries, announced plans in the last three months to reduce by 34% the number of employees (from 45,500 to 30,000), to close nine commercial buildings and leave half of the... Continue Reading →
On Friday, May 1, two workers on the PXA-1 offshore platform owned by Brazil’s state-run oil company Petrobras checked into the facility’s infirmary complaining of headaches and fever-like symptoms. Another Petrobras employee fell visibly ill the following day, three workers from the platform told Reuters. The sickness spread further in the subsequent days, stoking anxiety... Continue Reading →
July 10, 2020 Almost three years after the end of the precautionary blockade by Petrobras, the group closes contracts with the state-owned company and Trident Energy. Heftos Óleo e Gás Engenharia - a subsidiary of the UTC Participações group - signed contracts with Petrobras to provide services at the Gabriel Passos Refinery (Regap), in Minas... Continue Reading →
July 10, 2020 Petrobras will launch a bid to acquire a batch of wet Christmas trees for the new phases of the Búzios project, in the Santos pre-salt cluster. Notice for the tender will be released later this year. The terms of the tender are still being formatted by the E&P area, together with the... Continue Reading →
Offshore drilling contractor Noble Corporation has received several new contract extensions for its drilling rigs and cancellation of a drilling contract in Vietnam. Noble has also decided to warm-stack some of its rigs. According to Noble’s latest fleet status report, published on Thursday, 9 July, the Noble Mick O’Brien jack-up has been awarded a contract extension from... Continue Reading →
Siemens AG shareholders approved a spinoff of the company’s energy business, one of CEO Joe Kaeser’s last major moves to reshape the German industrial stalwart. More than 99% of shareholders approved the motion to create an independent Siemens Energy AG at an extraordinary shareholder meeting on Thursday. The company, with almost 29 billion euros ($33... Continue Reading →
Oilfield services giants Halliburton and TechnipFMC have jointly introduced Odassea, described as the first distributed acoustic sensing solution for subsea wells. The technology platform enables operators to execute intervention-less seismic imaging and reservoir diagnostics to reduce the total cost of ownership while improving reservoir knowledge, the companies said in a joint statement on Thursday. Continue... Continue Reading →
Malaysian FPSO specialist Yinson has welcomed another Japanese investor to its Marlim 2 FPSO project. Yinson is building the Anna Nery FPSO (conversion from Falcon VLCC) to be deployed at Petrobras Marlim II project offshore Rio de Janeiro, under a 25-year lease contract. Continue reading
After the long, slow downturn that began in late 2014, this year was set to be better with many dormant regions resuming exploration and long-awaited development drilling programs going ahead. Then in mid-March, a double disaster struck as an oil price crash coincided with a global pandemic. This double whammy left many operators hitting the... Continue Reading →
As much as 40 per cent of maintenance work carried out by floating production storage and offloading (FPSO) vessel operators was described as “unnecessary” by a report from UK’s classification society Lloyd’s Register (LR). LR said on Wednesday that, by reducing these unwarranted manhours, operators could save on average almost £600,000 (around $750,000) per asset... Continue Reading →
Brazil Energy Insight 