Offshore drilling contractor Noble Corporation has backtracked on its 2020 guidance announced in February, citing the recent sharp decline of oil price due to the oil oversupply and drop in demand caused by COVID-19, as the reason. Noble Corp, a provider of drilling services to oil and gas companies, said Thursday that it expected the... Continue Reading →
PETROBRAS FPSO IN ESPÍRITO SANTO RECORDED 53 COVID-19 CASES
APR 9, 2020 An SBM Offshore platform vessel, at the service of Petrobras, off the coast of Espírito Santo, recorded 53 cases of Covid-19 in workers on board the unit. The information was confirmed by the Brazilian state-owned company to the Secretary of State for Health of Espírito Santo. Of the total infected, 29 have... Continue Reading →
After Yinson, Modec should sign a contract to charter an FPSO for the revitalization project in Marlim
April 8, 2020 Petrobras and Modec are close to signing the FPSO charter contract Anita Garibaldi, which will be installed in the Marlim field, in the Campos Basin. The formalization should take place in April, about six months after the signature of the letter of intent, in mid-October 2019.
Prosafe in Talks over Flotel Contracts. Some Units Might Go Off-Hire
Offshore accommodation rig provider Prosafe is in talks with clients over contract amendments for its flotels. These might see some of the rigs going off-hire. Prosafe, the world's largest operator of semi-submersible accommodation vessels, said Thursday it was "in dialogue with clients regarding potential temporary off-hire and/or potential contract amendments." Continue reading
Viper Innovations names business development manager in Brazil
Viper Innovations has appointed Diego Baraldi as a business development manager for the Brazilian market. Diego has an electrical engineering background and over 15 years of experience in the Brazilian offshore oil & gas sector. Continue reading
Low bidder revealed for seismic survey to cover Parque das Baleias and Golfinho fields
6 April 2020 Netherlands-based Seabed Geosolutions has submitted the lowest bid in a Petrobras tender to contract proprietary seismic surveys for the Parque das Baleias and Golfinho fields off Brazil.
‘Painful’ Cuts at Fugro
Dutch geotechnical survey firm Fugro has announced a set of 'painful measures' including workforce cuts, and a hiring and salary freeze, as the company expects the COVID-19 pandemic and low oil prices to negatively impact its business. "The company is implementing a program to significantly reduce costs and capital expenditure, with the aim of realizing... Continue Reading →
Worldwide offshore rig count in March drops by four rigs sequentially and year-over-year
The worldwide offshore rig count in March 2020 has dropped four rigs sequentially and year-over-year, according to rig count reports by Baker Hughes Company. Baker Hughes splits its rig counts into international and North America rig counts, which combined make the worldwide rig count. Continue reading
PGS to cold-stack two seismic vessels due to ‘unprecedented challenges’
Norwegian seismic services player PGS has decided to cold-stack two of its seismic vessels amid what it called ‘unprecedented challenges’ for the offshore services industry due to the oil price crash and the coronavirus pandemic. Amid the coronavirus pandemic and the disruption in the oil market, which together represent a double threat for the offshore... Continue Reading →
Not much wiggle room to cut supply chain costs in 2020 downturn, Rystad says
In the downturn of 2020, global exploration & production operators will only be able to cut supply chain costs by up to 12%, a Rystad Energy analysis shows. The current crisis will not be able to unlock many additional efficiency and productivity improvements because much of the potential has been exhausted since the 2014 oil-price... Continue Reading →
