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The long awaited first ever offshore licensing by Senegal has finally been launched as the West Africa country inches closer to achieving its national medium- and long-term hydrocarbon sector investment plan and drive to transform the upstream resource into a source of clean electricity generation. The launch of the licensing round this week in Dakar, Senegal by... Continue Reading →
BW Offshore has slightly reduced the valuation of its planned oil and gas spin-off, the Oslo-listed company said as it presented details for the initial public offering on Wednesday. The valuation of BW Energy was shaved to a range of between $700 million and $750 million, from the $700 million to $800 million proposed in... Continue Reading →
Jan 29, 2020 A new chapter in the history of Petrobras' problems with flexible risers. A line connected to the FPSO Cidade de Angra dos Reis, located in the Lula field, broke on the 21st. According to Petrobrás, there was no damage to the environment and it was also not necessary to stop production. The... Continue Reading →
Jan 28, 2020 But they were less than a third of the volume of oil consumed in 2019! The world still celebrates the modest increase in discoveries of oil resources in 2019, after a period of several years of discoveries far below those of the years until 2015 (Rystad Energy, 2020). Still, even in... Continue Reading →
International Oil Company (IOC) has hired Frontera to undertake geohazard survey offshore Mexico. Mobilization for the project is underway and offshore work is expected begin and complete during March 2020. Frontera is an established offshore services contractor in Mexico since 2001. To remind, in August 2019, Frontera entered into an exclusive collaboration with DOF Subsea for the... Continue Reading →
Norwegian offshore vessel owner DOF Subsea has secured several contracts for two of its offshore vessels, with undisclosed clients. DOF subsea said it would carry out for pre-lay and LBL array installation activities in Guyana, subsea installation work in Trinidad and well-head removal work in Canada. All three contract awards will utilize the 104.2 meters... Continue Reading →
Karoon Energy has started drilling of the Marina‐1 exploration well located in Block Z‐38 Tumbes Basin, offshore Peru, using the Stena Forth drillship. The drillship arrived in Peru to drill the Karoon-operated well earlier in January. The wholly-owned, Karoon subsidiary, KEI (Peru Z‐38) Sucursal del Peru is the operator and has a 40% net interest in Block... Continue Reading →
Mexico’s energy services provider Grupo R has informed that its newbuild jack-up rig Cantarell III has arrived from Singapore to Mexico ahead of a new contract, which is set to start in March 2020. The Cantarell III jack-up rig was built by offshore rig builder Keppel in Singapore. Keppel completed and delivered the rig to the... Continue Reading →
Dutch shipbuilding company Damen has developed a new concept vessel – the Offshore Support Vessel (OSV) 9020. The vessel has been designed to perform a variety of offshore tasks both at surface level and subsea, Damen said in a statement on Monday. “We were approached by several different operators at the same time, all looking... Continue Reading →
Jan 24, 2020 The fleet of maritime support in Brazilian waters, at the end of December, totaled 366 vessels, being 324 of Brazilian flag and 42 of foreign flags. 89% of the offshore support fleet in Brazil is made up of Brazilian flag boats and 11% of foreign flags. Not all units are in operation,... Continue Reading →
Brazil Energy Insight 