Offshore accommodation rig provider Prosafe is in talks with clients over contract amendments for its flotels. These might see some of the rigs going off-hire. Prosafe, the world's largest operator of semi-submersible accommodation vessels, said Thursday it was "in dialogue with clients regarding potential temporary off-hire and/or potential contract amendments." Continue reading
Viper Innovations names business development manager in Brazil
Viper Innovations has appointed Diego Baraldi as a business development manager for the Brazilian market. Diego has an electrical engineering background and over 15 years of experience in the Brazilian offshore oil & gas sector. Continue reading
Low bidder revealed for seismic survey to cover Parque das Baleias and Golfinho fields
6 April 2020 Netherlands-based Seabed Geosolutions has submitted the lowest bid in a Petrobras tender to contract proprietary seismic surveys for the Parque das Baleias and Golfinho fields off Brazil.
‘Painful’ Cuts at Fugro
Dutch geotechnical survey firm Fugro has announced a set of 'painful measures' including workforce cuts, and a hiring and salary freeze, as the company expects the COVID-19 pandemic and low oil prices to negatively impact its business. "The company is implementing a program to significantly reduce costs and capital expenditure, with the aim of realizing... Continue Reading →
Worldwide offshore rig count in March drops by four rigs sequentially and year-over-year
The worldwide offshore rig count in March 2020 has dropped four rigs sequentially and year-over-year, according to rig count reports by Baker Hughes Company. Baker Hughes splits its rig counts into international and North America rig counts, which combined make the worldwide rig count. Continue reading
PGS to cold-stack two seismic vessels due to ‘unprecedented challenges’
Norwegian seismic services player PGS has decided to cold-stack two of its seismic vessels amid what it called ‘unprecedented challenges’ for the offshore services industry due to the oil price crash and the coronavirus pandemic. Amid the coronavirus pandemic and the disruption in the oil market, which together represent a double threat for the offshore... Continue Reading →
Not much wiggle room to cut supply chain costs in 2020 downturn, Rystad says
In the downturn of 2020, global exploration & production operators will only be able to cut supply chain costs by up to 12%, a Rystad Energy analysis shows. The current crisis will not be able to unlock many additional efficiency and productivity improvements because much of the potential has been exhausted since the 2014 oil-price... Continue Reading →
Searcher Finalizes 2D Data Reprocessing in Argentina
Searcher has completed the reprocessing of an additional 8,008 kilometers of 2D seismic data offshore Argentina as part of the Argentina Super-Tie 2D Reprocessing Project. The expanded coverage over the Malvinas and Austral Basins adds to Searcher’s existing data in the area, comprising over 19,000 kilometers of high quality broadband reprocessed 2D seismic data. Continue... Continue Reading →
Apache in second ‘significant oil discovery’ offshore Suriname
Oil and gas company Apache Corporation has made a ‘significant oil discovery’ at the Sapakara West-1 well drilled offshore Suriname on Block 58. The well was drilled using the Noble Sam Croft drillship with Apache as operator holding a 50% working interest and Total holding the other 50% working interest. Continue reading
Covid-19: Boskalis Stops Crew Changes, Cuts Spending
Dutch offshore transportation and dredging giant Boskalis has halted crew changes and will slash spending this year due to the COVID-19 virus crisis, it said on Thursday. The company said that, while its workers work from home where possible, this is not an option for staff working on international projects and vessels. Continue reading
Brazil Energy Insight 