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Jun 10, 2020 Ocyan offers the oil and gas sector a new paradigm for drilling in water depths below 500 meters using a drillship in dynamic positioning, without the use of anchoring. The novelty was achieved for the first time last month with the Norbe VIII rig, in the Albacora field, in the Campos Basin... Continue Reading →
Jun 10, 2020 Petrobras has qualified ten companies to participate in the next bidding process to contract its own FPSO under the EPC (Engineering, Procurement and Construction) model: Brasfels and EBR (Brazil), Daewoo Shipbuilding, Hyundai and Samsumg (South Korea), Keppel Singapore , SBM (Netherlands), Technip (based in London) and Modec and Toyo (Japan). The Italian... Continue Reading →
Mexico’s state oil giant is suspending contracts with service providers and suppliers, triggering thousands of job losses, people with direct knowledge of the situation said. Over the past several weeks, Pemex has suspended contracts with at least eight local and international oil-service providers and suppliers to cut spending, said the people, who asked not to... Continue Reading →
Company uses new technologies to reinforce its safety culture Innovation has been an important ally for Wilson Sons in the success of its Health, Safety, and the Environment (HSE) programme. With a fleet of 80 tugboats, the largest in Brazil, the Company has been able to reduce the rate of lost- time accidents by more... Continue Reading →
June 10, 2020 Petrobras started its first drilling campaign in block C-M-657, in the ultra-deep waters of the Campos Basin pre-salt. Well 1-BRSA-1376D-RJS, on the Naru prospect, is drilled in a water depth of 2,892 m. Originally scheduled for May, the campaign had to be postponed to the first week of June due to the... Continue Reading →
Norwegian offshore seismic data firm TGS has completed an additional phase of the Santos Basin 3D Multi-Client seismic survey in Brazil. "The survey is located south of the high-profile discoveries in the Santos Basin and the recent sought-after blocks offered in Rounds 15 and 16. The acquisition of 17,500 square kilometers of the 23,000 square... Continue Reading →
U.S. oilfield services company Weatherford has said that Mark A. McCollum, President, Chief Executive Officer, and a director, has left the company, effective immediately. McCollum, an executive with four decades of experience in the oil and gas industry, joined Weathearford as CEO in 2017, having previously served as CFO at rival service company Halliburton. Continue... Continue Reading →
June 5, 2020 Ricardo Mucci will head the BW Offshore (BWO) office in Brazil. The Brazilian executive, who is already responsible for BW Energy (BWE) in the country, will assume the position replacing, as of July, John Kilde, appointed to oversee other geographic areas of the company, including some businesses in Brazil. Source: PetroleoHoje
Norwegian seismic player PGS said Monday it would reduce office-based personnel count by approximately 40%, including reductions already implemented, to address the lower market activity and to cut costs. The company said its plan is to bring annual gross cash cost run-rate to approximately $400 million through staff reductions, reorganization, consolidation of offices, re-negotiation of... Continue Reading →
June 8, 2020 BW Offshore has received a notice from Petrobras extending the lease and operation agreement of BW Cidade de São Vicente with 120 days. With the extension, the contract is now set to expire on October 9, 2020. BW Offshore has started planning for the demobilization of the unit from the field and... Continue Reading →
Brazil Energy Insight 