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Malaysian FPSO provider Yinson has been awarded two letters of intent by Petrobras for the charter, operations, and maintenance of FPSO Marlim 2 for the Marlim revitalization project in Brazil. The LOIs were issued to Yinson Production Pte Ltd (YPPL), an indirect wholly-owned subsidiary of the Yinson. Following the LOIs, the charter contract will be... Continue Reading →
Tokyo, October 16, 2019 MODEC, Inc. ("MODEC") is pleased to announce that it has received a Letter of Intent (LOI) for the supply, charter, and operations of a Floating Production Storage and Offloading (FPSO) vessel for Marlim revitalization project from Petróleo Brasileiro S.A. ("Petrobras"). This marks MODEC's 16th project for the Brazilian market and the period... Continue Reading →
October 15, 2019 Petróleo Brasileiro S.A. - Petrobras reports that it has signed letters of intent (LoI) with the Japanese company Modec (Marlim Unit 1) and the Malaysian company Yinson (Marlim Unit 2), for the chartering of two FPSO platforms. The units will be used in the production development project of the Marlim and Voador... Continue Reading →
Prysmian in collaboration with its innovation hub Corporate Hangar, is poised to launch Alesea, an IoT solution that provides virtual assistance for cable drum management. Alesea is the first start-up to enter the runway phase at Corporate Hangar, the innovation hub co-founded by Prysmian Group in 2017 to support and develop high value projects of... Continue Reading →
Oct 15, 2019 Oil company is the first international oil company to seek a drilling unit for the development of a large field in Brazil The attention of major drilling companies will turn to Equinor in the coming weeks. The Norwegian oil company launched a bid to charter a 3,000 m water depth rig for... Continue Reading →
Halliburton has been awarded an international license for ExxonMobil’s patented Non-Aqueous Fluid Gravel Packing (NAFPac) technique for gravel pack completions. Hole stability and shale inhibition are keys to successful installation of open hole completions. Non-aqueous fluid (NAF) is often selected to optimize the drilling process, but hole stability issues can occur when displacement to brine... Continue Reading →
The company said on Thursday that the tender comprised the delivery of a significant number of manifolds for a deepwater field. Subject to completion of internal processing by the client, Aker Solutions expects to enter into exclusive negotiations for a potential contract award. The company has not revealed any further details about the project. Aker... Continue Reading →
Due to several factors including lack of liquidity (transaction activity), less willingness by investors and banks to finance rig acquisitions, expectations of a prolonged low-dayrate environment, and additional distressed or available supply in the market, offshore rig values have decreased across all segments in Bassoe Analytics. It should be noted that the sale and purchase market... Continue Reading →
Oct 9, 2019 (Reuters) - Halliburton said on Wednesday it is cutting another 650 U.S. oilfield services jobs as U.S. and gas producers have slashed spending amid weak prices and investor demands for higher returns. The latest job cuts, on top of an 8% reduction earlier this year, affect workers across Colorado, Wyoming, New Mexico... Continue Reading →
OCT 8, 2019 Facing a difficult moment, Enseada Shipyard, in Bahia, has just filed its request for judicial recovery, covering R$ 2.3 billion in competition claims *. The decision was taken to implement a definitive financial restructuring of the company, which has been facing severe financial problems in recent years. Despite the request for recovery,... Continue Reading →
Brazil Energy Insight 