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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 →
Ithaca Acquisition Holdings reported Tuesday that it has completed its acquisition of the former pipe fabrication assets of The Shaw Group from McDermott International, Inc. “We saw this as a great opportunity to partner with an experienced investor group to acquire the former Shaw Group pipe fabrication portfolio and bring these assets back to the... Continue Reading →
Oilfield services company Wood has pledged to reduce its greenhouse gas emissions by 40 per cent by 2030. Wood said on Friday that this science-based target was focused on reducing its scope 1 and 2 greenhouse gas emissions. This absolute reduction target is set using 2019 figures as a baseline which currently stands at 179,587... Continue Reading →
A Brazil-based wholly-owned subsidiary of Singapore’s offshore rig builder Sembcorp Marine (SembMarine) has entered into a revolving facility agreement for up to $500 million with Standard Chartered Bank. SembMarine said on Friday that the subsidiary in question was Estaleiro Jurong Aracruz (EJA). According to the company, the facility agreement will be guaranteed by SembMarine. Continue... Continue Reading →
A court in Brazil has accepted a money laundering and corruption complaint against a former Sembcorp Marine employee as part of the widespread Brazilian Car Wash probe. As previously reported, the Federal Public Ministry (MPF) in Brazil in February 2020 filed charges against Guilherme Esteves de Jesus (GDJ) for money laundering and Sembcorp Marine’s ex-employee Martin Cheah Kok Choon for... Continue Reading →
Jun 3, 2020 Total is testing a new oil transfer system (offloading) using a CTV type vessel (Cargo Transfer Vessel) in the Lapa field, in the Santos Basin pre-salt. The goal is to analyze the integration and functionality of the CTV, the Sealoader-1, in oil transfer operations. Oil company may extend contract for specialized vessel... Continue Reading →
Brazilian geoscience services company OceanPact has chosen Sonardyne deep water positioning technology to support its research operations across the region. The company has installed Ranger 2 Ultra-Short Baseline (USBL) systems on board its research vessels Seward Johnson and Austral Abrolhos. Continue reading
Offshore accommodation rig provider Prosafe has been given some breathing room by its creditors. The company earlier this month said it had agreed on an extension to the forbearance from the non-payments and defaults with a majority of its lenders across its $1.3 billion, and $288 million facilities until May 31, 2020. Continue reading
