July 1, 2020 SBM Offshore is pleased to announce the closure of a US$600 million bridge loan facility for the financing of the construction of FPSO Sepetiba. The facility was secured by the special purpose company owning FPSO Sepetiba and was agreed with a consortium of four international banks. SBM Offshore is majority owner of... Continue Reading →
Oceaneering Nets 3-year Inspection Services Contract with Chevron in Angola
Offshore and subsea services provider Oceaneering has secured a contract with Chevron's Angola subsidiary Cabinda Gulf Oil Company Limited (CABGOC) Under the three-year contract, Oceaneering's Asset Integrity division will provide inspection services onshore Cabinda, Angola, and offshore Angola on Blocks 0 and 14. The contract is scheduled to begin in Q2 2020. Continue reading
Petronas Hires Maersk Developer Rig for Suriname Drilling
Malaysian oil company Petronas has hired Maersk Drilling's semi-submersible drilling rig Maersk Developer to drill in Suriname. The contract is for ar a one-well exploration campaign in Block 52 offshore Suriname. Maersk Drilling said Tuesday the contract was expected to start in Q3/Q4 2020, with an estimated duration of 75 days. Continue reading
PGS and ION strike 2D exploration data alliance
PGS and ION Geophysical have announced an agreement to collaborate globally on 2D exploration data. Both companies have multiclient data libraries that together cover all the significant hydrocarbon provinces around the world. Continue reading
Petrobras on leniency agreement – Operation Car Wash
June 26, 2020 Petróleo Brasileiro S.A. – Petrobras announces that, following up to the release disclosed on July 25, 2019, it has received R$ 265 million related to the second installment of the leniency agreement executed by Technip Brasil and Flexibras (companies of the Technip Group). This payment arises from the damages suffered by Petrobras’... Continue Reading →
Norway’s tax relief to boost rig demand but UK demand to take the biggest hit, Rystad says
Norway’s recent tax relief package for the oil and gas industry is expected to cut breakeven prices by 40 per cent, thereby boosting the country’s rig demand while the UK’s plunges, according to Rystad Energy. A Rystad Energy assessment of the temporary tax relief package for the petroleum industry that Norway recently approved reveals that... Continue Reading →
TechnipFMC delivers Peregrino II installation campaign
TechnipFMC vessel Skandi Niterói recently wrapped up the installation campaign of Peregrino Phase II for Equinor in Brazil. It is part of the company’s engineering, procurement, construction and installation (EPCI) contract secured in September 2017. Continue reading
Exmar Slams ‘Unlawful’ Tango FLNG Force Majeure by YPF
Argentinian energy company YPF has sent a force majeure notice to Belgium shipowner Exmar, saying it is unable to pay for the charter of the Tango FLNG unit due to the effect of the coronavirus pandemic. According to Exmar, YPF claims that effects of the coronavirus pandemic both worldwide and in Argentina have hindered YPF's... Continue Reading →
Petrobras starts production in Atapu pre-salt
Jun 25, 2020 Petrobras started today the production of oil and natural gas from the shared deposit of Atapu, through platform P-70, in the eastern portion of the Santos Basin pre-salt, near the Búzios field. Atapu will contribute to the growth of production in the pre-salt, which is becoming increasingly relevant for Petrobras. The P-70... Continue Reading →
Belov Engenharia Orders Four Saab Seaeye ROVs
Four Saab Seaeye 3000m rated electric Leopard work vehicles have been ordered by Belov Engenharia for Petrobras operations in Brazil. “The Leopard was chosen for its compact size to power ratio,” says Belov’s Director of Operations, André Weber Carneiro. “We like the quality of Saab Seaeye products and their technical support, which is always available... Continue Reading →
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