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6th November 2019 Wood today announced the creation of a new Technical Consulting Solutions (TCS) business unit, combining its diverse, multi-sector and technology-enabled specialist advisory and consulting capabilities into one global business. TCS immediately becomes a leader in the technical consulting space with an annual revenue of $2.8 billion and a connected global network of... Continue Reading →
Orders for floating production vessels, their variants and, by default, a lot of “EPCI” are expected to be higher over the next four years than believed at the end of 2018, says an analysis of business drivers done in November by numbers cruncher, World Energy Reports. With over 200 planning-stage projects contemplating a floating production... Continue Reading →
Offshore accommodation specialist Prosafe has posted a net loss of $360 million in the third quarter of 2019, compared to a loss of $118 million a year ago. “Due to a prolonged downturn and weaker outlook in the North Sea, in particular, an impairment of $341 million has been made to the book value of... Continue Reading →
U.S. offshore engineering and construction company McDermott reported a loss for the third quarter of 2019 compared to a profit in the same period last year mostly due to charges of $1.5 billion related to impairment. McDermott on Monday reported revenues of $2.1 billion, a net loss of $1.9 billion, and an operating loss of... Continue Reading →
November 4, 2019 The Brazilian Association of Petroleum Services Companies - ABESPetro, elected the new Board and Fiscal Council for the 2020/2021 biennium. Adyr Tourinho (BHGE) was elected CEO. The new Board also includes Anna Carvalho (Expro), Eduardo Chamusca (SBM), Jorge Mitidieri (Ocyan), Lauro Puppim (Saipem) and Ricardo de Luca (Port of Açu). To the... Continue Reading →
Nov 4, 2019 Brazilian oil company Petrobras has extended a contract with Seadrill for the use of a drillship. Seadrill said on Monday that the contract was for the West Tellus drillship. Seadrill’s West Tellus is a 6th generation DP3 drillship rated for 3,600m water depth. It was built in 2013 by Samsung Shipyard in... Continue Reading →
The Falkland Islands government has granted an extension for the PL032 Discovery Area offshore license containing the Sea Lion oil discovery discovered by Rockhopper in 2010. Rockhopper, which owns a 40 percent stake in the PL032 license located in the North Falkland Basin, said Monday that the Falkland Islands government had extended the license until... Continue Reading →
Nov 1, 2019 The Piauí-Alabama consortium, led by Triunfo Logística, was the winner of the bid to contract the decommissioning of the fixed platforms of the Cação field in the Espírito Santo Basin. The amount presented by the group to provide the service was R $ 38.5 million. The result was announced by Petrobras following... Continue Reading →
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 →
