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JANUARY 14, 2020 (Reuters) - With an eye on the growth potential of Brazil's oil industry with the pre-salt, Japanese giant Modec will seek to win at least one or two major platform charter contracts a year in the country, where it bets on technological development to stand out from international rivals. In an interview... Continue Reading →
Offshore accommodation specialist Prosafe has missed its final payment to China’s Cosco shipyard for the Safe Notos flotel amid talks with lenders meant to secure financial flexibility for the longer term. As part of this, the company’s final payment of approx. $18.5 million owed and due under the sellers credit to Cosco for the Safe... Continue Reading →
French oil major Total has selected a Maersk Drilling-owned drillship to drill at what the rig owner says will be a world record water depth in Angola-Namibia campaign. Maersk Drilling said on Tuesday that it had been awarded contracts for a three-well exploration drilling project by Total E&P Angola Block 32, Block 48 and Total... Continue Reading →
Jan 13, 2020 The Angra dos Reis Port Terminal (TPAR) is under new shareholding control. Investor Splenda Offshore, which also controls operator BULKPORT at Porto do Forno in Arraial do Cabo, took over the management of TPAR, previously leased by Technip Brasil. For Port Terminal General Manager Robson Rangel, the change in administrative control could... Continue Reading →
At 670 million barrels of recoverable oil, Mexico’s Zama field would be a nation-building giant in any prolific oil-bearing basin. That reserves estimate — made this week by Netherland, Sewell & Associates for Talos Energy, the Houston-based outfit that found the field — is testing the policies of a newly reorganized Mexican Ministry of Energy. Next door... Continue Reading →
Dutch FPSO provider SBM Offshore has informed that its first completed Fast4Ward FPSO hull has arrived from China to Singapore. After a journey of 2,300 nautical miles, the Fast4Ward hull has arrived at a Keppel yard in Singapore from China, SBM Offshore informed on Monday, January 13. This is SBM Offshore’s first generic hull, the... Continue Reading →
Assets of the French offshore vessel owned Bourbon have been sold to SPP, a company owned by a group of French banks, following a court decision announced in December. The Marseilles Commercial Court on December 23 ruled the assets of Bourbon would be sold to Société Phocéenne de Participations (SPP), a company owned by the... Continue Reading →
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 →
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 →
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 →
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