FPSO operator BW Offshore has signed an agreement with PetroRio for a one-year extension for the lease and operation of the FPSO Polvo located offshore Brazil. The firm period has been extended from 3Q 2020 to 3Q 2021, with options until 3Q 2022, BW Offshore said last Saturday. The contract has been extended multiple times... Continue Reading →
Noble Energy Hires Maersk Rig for Colombia Drilling
U.S. oil firm Noble Energy has hired a 7th generation Maersk drillship for its drilling operation in Colombia. Maersk Drilling said Friday that Noble had awarded it a one-well contract for the Maersk Valiant drillship. The contract is set to begin in the third quarter of 2020, right after the rig's contract with Repsol in... Continue Reading →
Karoon: Stena Forth Drillship Reaches Peru
The Stena Forth drillship has arrived in the Port of Callao Lima Peru ahead of drilling the Marina-1 exploration well for Australia's Karoon Energy. The exploration well is located in Peru's Block Z-38 Tumbes Basin, where Karoon is the operator with a 40% net interest. The drillship will remain at the port for one to... Continue Reading →
TGS Q4 Revenue Misses Forecast
Norway's TGS, a supplier of seismic data to the global oil industry, reported lower-than-expected fourth-quarter revenue on Thursday. So-called net segment revenue hit $230 million for the October-December period, while analysts on average had expected revenue of $257 million, according to forecasts published by Refinitiv. TGS did not provide a year-ago comparison for the fourth... Continue Reading →
SOTREQ WILL INSTALL SEVEN GENERATORS MANUFACTURED IN GERMANY TO FEED AZULÃO FIELD IN AMAZONAS BASIN
JAN 8 , 2020 SOTREQ Caterpillar dealer will supply a package consisting of seven 3.45 MW gas generators to Eneva, which is responsible for gas exploration in the Azulão field. It is a project that will be integrated with TPP Jaguatirica II, in Roraima. After liquefied and stored in the Azulão, the gas will be... Continue Reading →
Ibama issued more seismic and drilling licenses in 2019
January 9, 2019 Number of authorizations for seismic and drilling campaigns increased over previous year Ibama authorized, last Wednesday (8/1), SpectrumGeo to carry out a 2D seismic campaign in the Pará-Maranhão Basin. In the licensing process, it is stated that the BGP Pioneer vessel, from Chinese BGP, will conduct the work. The issuance of environmental... Continue Reading →
Shearwater Takes Over CGG Seismic Vessels
Norwegian seismic vessel giant Shearwater has completed the strategic vessel transaction with the French seismic company CGG following an agreement signed in June 2019. The transaction includes the takeover of five high-end seismic vessels, and the five-year capacity agreement for marine seismic acquisition services between Shearwater and CGG became effective. Continue reading
Oil, New Investors Keeping FPSO Market Buoyant
Rising oil prices are bolstering the numbers of floating production systems on-order or in the planning stage, with fresh orders from Northern Europe and Brazil merely adding to a buoyant market, a new report says. In the doldrums just a few years ago, the market for floating production and storage units (FPSO); floating liquefied natural... Continue Reading →
Premier Oil, Rockhopper in Sea Lion Farmout Push
Premier Oil and Rockhopper, two oil companies working to develop the Sea Lion oil field offshore the Falkland Islands, have welcomed Navitas as their potential new partner in the project. The companies have signed non-binding heads of terms with Navitas Petroleum, which should lead to Navitas obtaining a 30% interest in the Sea Lion offshore... Continue Reading →
Premier Oil hires Valaris drillship for well off Brazil
Oil and gas company Premier Oil has hired a Valaris-owned drillship for operations on Block 717 located offshore Brazil. In an update on Tuesday, Premier said it had contracted the Valaris DS-9 drillship to drill the Berimbau/Maraca stacked prospects on Premier’s operated Block 717 in the Ceara Basin in Brazil. The well is scheduled to... Continue Reading →
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