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Nov 8, 2019 Petrobras began a new drilling in the SEAL-M-424 block in the Sergipe-Alagoas Basin. The work on well 3-BRSA-1371-SES is conducted by Transocean's Petrobras 10,000 drillship in 2,696,000 m water depth. The block is part of the BM-SEAL-10 concession. The well is the seventh in the SEAL-M-424 since 2012 and the third drilled... Continue Reading →
Siemens AG beat expectations for fourth-quarter profit, while warning a manufacturing slowdown will lead to a decline in some factory-equipment volumes next year. Europe’s biggest engineering company put forward the cautious outlook Thursday after its health and software operations helped to boost its main profit indicator by a fifth. Adjusted earnings before interest, taxes, and... Continue Reading →
Offshore telecommunication services provider RigNet has signed a multi-year agreement with Petrobras to supply O3B VSAT technology to six of its FPSO vessels. RigNet said on Tuesday that the agreement for the six FPSOs was in addition to a deal for work on four Petrobras’ FPSOs awarded to the company last year. “This represents RigNet’s... Continue Reading →
SBM Offshore announced on Thursday that ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded the company contracts to perform front end engineering and design (FEED) for a third floating production, storage and offloading vessel (FPSO) in Guyana. The FPSO, to be named Prosperity, will be designed to produce 220,000 barrels of oil... Continue Reading →
Marine seismic pricing is continuing to strengthen and the Ocean Bottom Node market is the place to be, the Norwegian seismic company SeaBird Exploration said Thursday. Seabird on Thursday reported third-quarter results with a 196% increase in revenues year-over-year. Revenues were $16 million, up from $5.4 million a year ago. SeaBird’s 3Q loss, however, deepened... Continue Reading →
The worldwide offshore rig count in October 2019 decreased by two units sequentially, but increased by 37 units year-over-year, according to reports by Baker Hughes Company. BHGE splits its rig counts into international and North America rig counts, which combined make the worldwide rig count. Baker Hughes reported on Tuesday that the international rig count for October... Continue Reading →
UK subsea engineering, construction, and services company Subsea 7 saw a decrease in revenues in the third quarter of 2019 due to lower activity levels in the Renewables and Heavy Lifting business and a smaller profit due to lower pricing and competitive market environment. Subsea 7 on Thursday posted revenues of $951 million for the... Continue Reading →
Offshore drilling contractor Vantage Drilling recorded a decrease in quarterly revenues as its deepwater rig utilization dropped during the period. Vantage said in its quarterly report on Thursday that its 3Q 2019 revenues were $35.8 million compared to $59 million in 3Q 2018. Continue reading
NOV 6, 2019 Almost all set for the FPSO P-70 to sail to Brazil. The information was revealed by the Minister of Mines and Energy, Bento Albuquerque, during a conversation with journalists in Brasilia. “I had the opportunity to visit the FPSO P-70 on my visit to China. It is in the final phase of... Continue Reading →
French marine seismic company CGG reported Group net income of $41 million for the first quarter of 2019, compared to the previous year’s 3Q loss of $1.5 million. Group revenue was $323.4 million down $387.7 million in the third quarter of 2018. Operating income was higher in this year’s 3Q coming in at 98 million,... Continue Reading →
Brazil Energy Insight 