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May 29, 2020 Ibama granted a 3D seismic survey license with ocean-bottom nodes (nodular receptors positioned on the seabed) to Equinor for blocks BM-S-8 and North of Carcará - where the Bacalhau and North of Bacalhau fields are located - in the Basin Santos. The campaign will be carried out by Seabed's SR / V... Continue Reading →
May 29, /2020 Saipem and BW Offshore (BWO) signed a memorandum of understanding to form a partnership in the FPSO segment. Recently sewn by the directors of the companies in Italy and Norway, the agreement was confirmed to PetróleoHoje, focusing, at first hand, the exclusive Shell bid for the FPSO of Gato do Mato, in... Continue Reading →
Norwegian shipping company Siem Offshore has found a way to improve its cash flow and liquidity to be able to operate in a challenging offshore market by entering into a standstill agreement with its lenders. Siem Offshore on 26 May 2020 entered into an agreement with the group’s secured lenders in Europe and Norway for... Continue Reading →
DOF Subsea has reported loss in Q1 2020 of NOK 1.5 billion, against NOK 25 million in Q1 2019. Earnings hit was due to depreciation and impairment of NOK 976 million. This was because of the weakening market for vessel services and the low demand visibility for services going forward. Continue reading
May 27, 2020 McDermott will start, in the first week of June, the launch of the last stretch of Rota 3, a gas pipeline that will connect the Santos Basin pre-salt to Comperj, in Itaboraí (RJ). The campaign will be carried out with the DLV 2000 vessel, which belongs to the group's fleet. Locar Pipe... Continue Reading →
Norwegian offshore vessel owner Solstad Offshore on Thursday posted a higher 1Q revenue but expects its full-year revenue in 2020 to be negatively affected by the COVID-19 pandemic and sharp decline in the oil price. Solstad’s revenue for the first quarter of 2020 was MNOK 1,203 vs MNOK 1,146 in 2019, while EBITDA (adjusted) for... Continue Reading →
Offshore installation and construction specialist Subsea 7 will cut 3000 jobs by 2021, and reduce its active vessel fleet, it said in a statement on Thursday. Subsea 7 a month ago said that with the deterioration in the outlook for new oil and gas awards, it would "resize" the business to save $400 million in... Continue Reading →
May 27, 2020 Petrobras will carry out a multiazimute 3D / 4D maritime seismic streamer activities in the Marlim, Albacora and Voador fields, in the Campos Basin. With an acquisition area of 2.17 thousand km², the activities are scheduled for August this year, lasting 13 months, under the command of the data acquisition company (EAD)... Continue Reading →
May 27, 2020 Petrobrás projects a gradual recovery in the price of oil over the next five years, until it returns to the level of US $ 50 per barrel - double the average price projected for this year, of US $ 25. As the scenario improves, it should also reduce the company's debt, from... Continue Reading →
May 26, 2020 Dutch SBM Offshore achieved two important advances in the work of the FPSO Mero 2, which will be named Sepetiba. Even with the challenges imposed by the coronavirus pandemic, the company completed the placement of the keel of the ship's hull, considered the initial milestone in the construction of any vessel. In... Continue Reading →
Brazil Energy Insight 