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In response to the COVID-19 pandemic and a significant decline in oil and gas demand and prices, Noble Energy is focusing on liquidity and balance sheet strength. With that in mind, Noble has further reduced its 2020 capex, executive team salaries, and implemented a furlough program for employees. “Recent events have had an unprecedented and... Continue Reading →
Brazilian offshore drilling services provider Ocyan has launched Ocyan Waves program, where start-ups can register and provide their solutions for Ocyan's internal challenges. Startups should seek innovative solutions to the challenges selected by Ocyan in the space of Intelligent Alarm Management System; Digital Twin of BOP (Subsea Blowout Preventer); Real-time BOP fluid analysis; Self-service in... Continue Reading →
A Maersk Supply Service's offshore vessel was a target of an armed robbery in Mexico last weekend. Maersk Supply Service confirmed for Offshore Engineer that the incident occurred on Sunday, April 12 offshore Ciudad Del Carmen, Mexico. Armed robbers boarded Maersk Transporter, stole various items and left the vessel again, the company said in an... Continue Reading →
14 April 2020 Brazilian oil giant Petrobras has received commercial offers in a tender for the charter of powerful anchor-handling tug supply vessels (AHTS), but contractors submited proposals way above the company's parameters
Offshore drilling contractor Borr Drilling has received notices of early termination for several of its drilling rig contracts, but it has also been awarded new contracts for its rigs. As a result, Borr’s total revenue backlog has been impacted negatively by about $16 million. Borr said in an update on Monday it had been awarded... Continue Reading →
Apr 14, 2020 Petrobras will once again postpone the delivery dates for the proposals for two tenders for the chartering of offshore rigs. In the midst of the Covid-19 crisis and the ongoing contract negotiation process, the oil company evaluates postponing the dates by up to 60 days. The new delivery date for proposals is... Continue Reading →
Dutch FPSO provider SBM Offshore has confirmed a number of positive coronavirus cases amongst the crewmembers on one of its FPSOs. SBM Offshore said in its company update last week that it had transported several crewmembers with symptoms from an undisclosed FPSO back to shore earlier this month. Continue reading
Oilfield services provider Baker Hughes Co on Monday wrote down the value of its assets by $15 billion as plunging oil prices and the coronavirus pandemic hit demand and forced oil producers to cut back drilling. Producers have so far cut 2020 spending by about 30% or $37 billion, according to data compiled by Reuters, after a price war... Continue Reading →
April 13, 2020 Allocation of the replicating FPSO has been challenging Petrobras' boards and technical teams for years Although Petrobras' current Business Plan (PN) provides for the installation of the FPSO P-71 in the Lula Recovery Factor field (Lula FR, formerly Lula Oeste), the FPSO's fate is still open - with the Itapu field appearing... Continue Reading →
April 13, 2020 State-owned company wants to extend terms and payments due to the fall in demand and oil prices. Sector fears shock over a chain of 500,000 workers After cutting production and employee wages, Petrobras renegotiates contracts with major suppliers to further reduce costs. The goal is to extend delivery and payment terms. The... Continue Reading →
