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Brazilian oil major Petrobras has postponed the Parque das Baleias integrated project in the Campos basin by about one year. Petrobras said last Friday that it also cancelled the FPSO charter bidding, granting the start of a new bidding process. The operator, citing the economic context of COVID-19 in its decision, now expects first oil... Continue Reading →
U.S. oilfield services player Weatherford has achieved the industry’s first 12 ¼-inch casing sidetrack for an undisclosed operator. Weatherford said that the casing sidetrack was achieved using the Shallow Angle QuickCut system and that it delivered a 22-feet window in a single trip for an ultra-deepwater well in the Gulf of Mexico. Chip Miller, VP... Continue Reading →
Seabed Geosolutions has secured a contract for a baseline 4D ocean bottom node (OBN) survey as well as a future 4D monitor OBN survey in Brazil. The project will take place in water depths greater than 2,200 metres. The baseline survey should commence in the second quarter of 2021. According to the company, the total... Continue Reading →
While Modec finalizes the construction works of the FPSO Carioca, Petrobras is advancing in licensing the project. The state-owned company has requested Ibama in the last few days for the operating license of the platform vessel, which it will produce in the Sépia field, in the Santos basin. The FPSO will be installed approximately 250... Continue Reading →
The oil majors’ retreat from frontier plays limits future drillship demand with deepwater, investment looks limited to Brazil and Guyana, writes Gregory Brown, Maritime Strategies International. The future of offshore deepwater investment is under the microscope. In a world where oil demand may have peaked and Opec and its allies have at least 7 Mn... Continue Reading →
Dutch marine services and towage company KOTUG said it has been awarded a long-term contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) to provide offshore terminal towage support for operations in Guyana. KOTUG, through local entity KOTUG Guyana Inc., will employ a high-spec 130 tonnes bollard pull, DP-2 azimuth anchor-handling tug SD... Continue Reading →
An analysis by Norwegian energy intelligence firm Rystad Energy shows that Chinese yards will outcompete Asian rivals on costs in an expected rebound in offshore oil and gas spending from 2021. Offshore investments are expected to rebound from 2021 and oil and gas operators will be looking for yards to build new facilities, with 40... Continue Reading →
Subsea services provider Oceaneering has been awarded a BOP tethering services contract offshore Brazil with the Brazilian oil firm Petrobras. The scope of work under the contract includes data acquisition and real-time riser analysis for dynamic positioning rig operations for up to seven wells in water depths between 150 meters and 700 meters. The contract... Continue Reading →
PJ Valves (PJV), a UK-based manufacturer and supplier of valves to the global energy industry, has been awarded two FPSO valve contracts for Petrobras projects in Brazil. PJ Valves said on Tuesday that the company would manufacture and supply valves packages to both projects in the Santos and Campos basins. One of the deals was... Continue Reading →
The state-affiliated Japan Bank for International Co-operation (JBIC) has agreed to loan $352mn to a Japanese consortium developing a floating production, storage and offloading (FPSO) unit, which will be chartered to Brazil's state-controlled Petrobras for use at the Marlim oil field in the Campos basin offshore Brazil. The loan will be co-financed by private banks... Continue Reading →
