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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 →
Seabed Geosolutions, a joint venture between Fugro and CGG, has just completed a deepwater proprietary 3D ocean bottom node (OBN) survey in the Santos Basin, offshore Brazil. The survey, started in late 2018, covered the Buzios field, lying in around 2000 m water depth. Fugro said on Wednesday that, utilizing Seabed Geosolutions’ Manta ocean bottom... Continue Reading →
Nov 5, 2019 In the first half of November, Petrobras will begin drilling its first Uirapuru exploratory well, an area of the Santos cluster that was auctioned off in the 4th round of sharing, in 2018. The campaign will be carried out by Seadrill's West Tellus drillship have a new contract. The chartering of the... Continue Reading →
Brazil Energy Insight 