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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 →
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 →
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 →
Upwing Energy, an artificial lift technology company, and Mitsubishi Heavy Industries (MHI), one of the world’s leading industrial firms, have been awarded the next phase of the Magnetic Drive System (MDS) project by DeepStar, a global offshore research and development consortium. The new phase, based on the successful completion of a design study last year,... Continue Reading →
Brazilian oil major Petrobras has prolonged the deadline for certain conditions of an agreement and settlement with Sete Brasil related to a charter of four and termination of contracts for 24 drilling rigs. Petrobras said on Wednesday that its executive board pushed back the deadline for the agreement between the two companies from 30 June... Continue Reading →
The US District Court of Texas has rejected a $250 million damage claim filed by Petrobras America against South Korean shipbuilder Samsung Heavy Industries (SHI). Samsung Heavy said on Monday in a stock exchange filing that the damage claim was submitted back in March 2019. Continue reading
The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four years amid a historic drop in energy prices that likely will leave surviving drillers more closely tied to big oil firms. A collapse of the offshore industry will have broad impact. Drillers and their suppliers have... Continue Reading →
Jun 23, 2020 Operators have drilled 284 offshore exploratory wells reaching the pre-salt geological layer since 1980, finding oil and / or gas in at least 64% of them (182), according to ANP data obtained by PetróleoHoje. The account includes pioneer, stratigraphic, extension, adjacent and deeper deposited wells. Source: PetroleoHoje
Jun 23, 2020 Ocyan is celebrating the results achieved with its commitment to an innovative methodology for drilling wells in deep waters in Brazil. The company already accumulates 26 wells drilled using pressure controlled technology (MPD). The method, according to the company, guarantees greater operational safety in the development of complex projects. “When we started... Continue Reading →
Jun 23, 2020 Açu Petróleo carried out the first oil transfer operation using a Very Large Crude Carrier class vessel for Shell Brasil Petróleo. The transfer of approximately 2 million barrels of crude oil from the relief vessels Lena Knutsen and VigdisKnutsen, both operating for Shell Brasil Petróleo, to the VLCC Wasit. The Açu Petróleo... Continue Reading →
