Brought to you by Quest Offshore & Southern Cone Consultants
November 1, 2019 Equinor is the second largest oil company in Brazil in terms of oil and gas production volume. And if it depends on the company's plans, the idea is to further expand these numbers. That's what the company's global supply chain vice president, Mauro Andrade reveals. "We estimate that with the entry of... Continue Reading →
Norwegian offshore vessel owner Solstad Offshore (SOFF) needs more time to complete its restructuring and has therefore agreed an extension of suspension and deferrals of payments under its financing agreements. Late last year Solstad started discussions with its financial creditors and other stakeholders to improve the overall liquidity situation of the group and to create... Continue Reading →
Modec announces 3Q results. For details, please refer to the following link: https://www.modec.com/news/pdf/2019_3q_results_en.pdf
Oct 31, 2019 Petrobras plans to conclude in the first half of 2020 a benchmark project for hiring future FPSOs, seeking to reduce costs, deadlines and increase project quality, Rudimar Lorenzatto, Executive Director of Production & Technology Development said on Tuesday. The main change will be a reduction in the management of interfaces between the... Continue Reading →
Oceaneering has reported a net loss of $25.5 million, or 26 cents per share, for the three months ended September 30, 2019. The result compares with net loss of $66 million same time last year. During the prior quarter ended June 30, 2019, Oceaneering reported a net loss of $35 million, or 36 cents per... Continue Reading →
The ExxonMobil-operated Liza-1 development, located in the Stabroek Block offshore Guyana, is now expected to start production through the Liza Destiny FPSO in December 2019, which is earlier than expected. The Liza field sits in the giant Stabroek block, which covers almost 27,000 square kilometers, circa 200 kilometers offshore Guyana. ExxonMobil has struck more than... Continue Reading →
October 30, 2019 The new oil auctions to be held by the National Petroleum, Natural Gas and Biofuels Agency (ANP) should generate demand for the installation of 50 to 60 new offshore platforms. The information was highlighted by the director general of the agency, Décio Oddone, during breakfast at OTC Brasil 2019. “All of this... Continue Reading →
Heavyweight oilfield service providers like Saipem and Baker Hughes are moving past just oil and gas projects and embracing more renewable energy projects going forward. In 2014, non-upstream oil and gas activities accounted for 22% of revenues among service suppliers. This share grew to 27% in 2018. According to Rystad Energy, the trend to accelerate... Continue Reading →
Baker Hughes has reported profit of $57 million or 11 cents per share on GAAP basis for the quarter ended September 30, 2019. The result compares with $13 million profit in Q3 2018, and $9 million loss sequentially. Adjusted net income (non-GAAP) attributable to Baker Hughes was $114 million, up 46% from same time last... Continue Reading →
Norwegian seismic services provider TGS will undertake a new 3D multi-client project offshore Argentina. TGS said on Wednesday that the Malvinas 3D survey would cover around 7,300 square kilometers of highly prospective Malvinas Basin, which saw interest during Argentina Round 1 earlier this year. The survey will employ one Shearwater vessel, with operations set to begin in... Continue Reading →
Brazil Energy Insight 