Brought to you by Quest Offshore & Southern Cone Consultants
February 19, 2019 According to an executive of the JV with Petrobras, goal is to increase the recovery factor of the largest field in the country Petrobras should drill at least ten new wells in the Lula field, in the Santos Basin, said Galp's Upstream Operations director, Thore E. Kristiansen, during a conference with analysts... Continue Reading →
Digitalization has revolutionized the world, and hydrographic survey techniques are no exception. While advances in mechanical design have enabled the survey of increasingly remote locations, electronics and digital processing techniques have dramatically increased resolution. Where once a few spot soundings were considered enough to make a chart, today’s survey vessels generate vast amounts of data... Continue Reading →
Marine geophysical firm PGS and artificial intelligence (AI) software-as-a-service (SaaS) company Cognite are teaming up in an effort to make seismic survey vessels work better, faster and more efficiently. Venturing into a new area of the energy sector, Cognite has launched a digitalization project with Norway’s PGS, a leader in subsurface seismic imaging, to optimize... Continue Reading →
i-Tech 7, Subsea 7’s Life of Field business unit, and Shell have entered into a collaborative technology agreement to accelerate subsea digitalisation, initially for a period of five years from the fourth quarter of 2019. The agreement will help fast-track innovation and streamline the adoption of applied technologies in areas such as marine robotics, advanced... Continue Reading →
Mexican national oil company Pemex has begun signing contracts with oilfield service firms specifically invited to submit bids for a new batch of priority exploration and production projects, the state-owned company's chief executive said. CEO Octavio Romero said on the sidelines of an energy event in Ciudad del Carmen, home to numerous Pemex installations in... Continue Reading →
Offshore drilling contractor Transocean has booked a loss for the last quarter of 2019 as its revenues increased. However, the company has reduced the loss sequentially and year-over-year helped by gain on termination of construction contract, tax items, and disposal of assets, but partially offset by impairments and restructuring costs. Transocean’s contract drilling revenues were... Continue Reading →
Australia’s Karoon Gas has failed to find oil in the Marina‐1 exploration well, located in Block Z‐38 Tumbes Basin offshore Peru. The well is being drilled using the Stena Forth drillship, which arrived to Peru in early Janaury. It was spud in late January. By February 17, the Marina well reached a depth of 1654m MD. Initial results from... Continue Reading →
Offshore drilling contractor Transocean has secured more work for its fleet of offshore drilling rigs and brought its total contract backlog to over $10 billion. Transocean said last Friday that, since its last fleet status report in October 2019, the company had added approximately $366 million in contract backlog, bringing its total backlog to $10.2... Continue Reading →
Italian oil and gas company Eni has made a new oil discovery on the Saasken Exploration Prospect in Block 10, located in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico. According to preliminary estimates, the new discovery may contain between 200 and 300 million barrels of oil in place, Eni... Continue Reading →
Offshore vessels were designed and built to support the offshore oil and gas industry. Whether that’s platform supply vessels (PSVs) supplying offshore installations, anchor handlers (AHT/AHTS) moving mobile offshore drilling units (MODUs) and other offshore structures, or subsea support vessels working on a wide scope of work beneath the sea level. These vessels were purchased... Continue Reading →
Brazil Energy Insight 