Brought to you by Quest Offshore & Southern Cone Consultants
In Brazil, where the company's Safe Notos and Safe Eurus are on contracts with Petrobras, the Brazilian oil company in April asked Prosafe for a suspension of the contract for a period of up to 120 days "during which period all logistical services, fuel, and catering support will continue to be provided by Petrobras, and... Continue Reading →
SBM Offshore, one of the world's largest FPSO solutions providers, on Wednesday slightly reduced 2020 guidance due to uncertainty caused by the COVID-19 pandemic and the low oil price environment, but the CEO is optimistic the company will not just weather the storm, but come out stronger at the end. The company said it expected... Continue Reading →
Bureau Veritas (BV), a provider of testing, inspection, and certification (TIC) services, has formalized guidelines and a classification notation for floating, production, storage and offloading vessels (FPSOs) and floating production units (FPUs) designed for operation in Brazil’s deep waters. BV said on Thursday that the new class notation IVBS-BRA was an independent verification approach that... Continue Reading →
TGS saw profits slashed in the first quarter due to impairments and lower revenue amid challenging seismic market conditions. Norwegian seismic player reported net loss for the first quarter 2020 of $56 million, against $4 million profit same time last year. Continue reading
Yard workforce employed by Singapore’s offshore builder Sembcorp Marine has been reduced from 20,000 to only 850 workers following movement restriction measures implemented due to the coronavirus pandemic. Sembcorp Marine has been adversely affected by the global spread of the COVID-19 pandemic as lockdown measures have severely disrupted transportation, supply chains, manpower access and plant... Continue Reading →
May 11, 2020 The consortium Kerui Método sent a letter to its suppliers of the works of the Natural Gas Processing Unit (NGPU) at Comperj, saying that the Coronavirus Pandemic was hindering their cash flow and compromising payments. This letter was sent at the request of Petrobras itself, by the manager responsible, who was already... Continue Reading →
May 12, 2020 Shell moves forward with campaign in the area of production sharing in the Santos Basin pre-salt Shell started drilling its first well in Saturno, the Santos pre-salt area, which was acquired in the 5th Production Sharing Round in 2018. Well 1-SHEL-33-RJS, called Saturno 1, was drilled in a depth of 2.069 thousand... Continue Reading →
Classification society Bureau Veritas (BV), a provider of testing, inspection, and certification services, has noted a 900 per cent rise in demand for the remote inspection of offshore assets and equipment since the outbreak of the COVID-19 pandemic. BV said on Monday that requests for its remote inspection, certification, examination, and verification services escalated from... Continue Reading →
May 11, 2020 The domino effect triggered by the coronavirus pandemic is affecting the players in the oil and gas sector, piece by piece. This time, who suffered the fall - and severe, by the way - was the multidisciplinary platform maintenance segment. Petrobras decided to demobilize the maintenance activities of these units and suspend... Continue Reading →
Solstad Offshore has signed a pair of construction support vessels (CSV) to new contracts, reporting deals for CSVs Far Saga and Normand Energy. The Brazilian flagged CSV Far Saga secured a three-year contract from Petrobras. Continue reading
Brazil Energy Insight 