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Petrobras' operational performance in 3Q20 was very good, considering the challenging scenario imposed by the COVID-19 pandemic. Our oil and gas production in Brazil grew by 9.0% in the first nine months of this year compared to last year. The production of the pre-salt fields increased by 32%, while in the other areas, post-salt, shallow... Continue Reading →
Siemens Energy and Bentley Systems announced the launch of a joint solution to reduce operating expenses associated with oil and gas assets. The service was named “Asset Performance Management for Oil & Gas” (APM4O&G) and combines the main complementary offers from both companies to improve asset performance, eliminate downtime and reduce maintenance costs. APM4O&G combines... Continue Reading →
The Coronavirus and a surge of available connectivity means take-up of new E&P technologies is stronger than ever, writes Tore Morten Olsen, President, Maritime, Marlink. The oilfield of the future is a concept that was emerging before the Coronavirus overwhelmed the global economy and sent shockwaves through the energy markets. In fact, the disruption of... Continue Reading →
(BUSINESS WIRE)--FutureOn, the fast-growing Norwegian software company that works with an expanding portfolio of global energy companies, announced today that it has secured an investment from the Bentley Acceleration Fund and established a strategic partnership with US-based Bentley Systems to accelerate the digitalization of the oil and gas industry. FutureOn and Bentley Systems (Nasdaq: BSY),... Continue Reading →
U.S. oilfield services player Weatherford has achieved the industry’s first 12 ¼-inch casing sidetrack for an undisclosed operator. Weatherford said that the casing sidetrack was achieved using the Shallow Angle QuickCut system and that it delivered a 22-feet window in a single trip for an ultra-deepwater well in the Gulf of Mexico. Chip Miller, VP... Continue Reading →
The ANP signed a Memorandum of Cooperation with the Petroleum Safety Authority of the Kingdom of Norway (PSA-Norway). The agreement formalizes the Agency's cooperation with the Norwegian oil sector regulator, intensifying the sharing of experiences on supervisory practices that guarantee safe activities for the exploration and development of offshore oil resources. The partnership is based... Continue Reading →
PJ Valves (PJV), a UK-based manufacturer and supplier of valves to the global energy industry, has been awarded two FPSO valve contracts for Petrobras projects in Brazil. PJ Valves said on Tuesday that the company would manufacture and supply valves packages to both projects in the Santos and Campos basins. One of the deals was... Continue Reading →
FLASC, a start-up developing non-battery based energy storage solutions for the offshore sector has entered a collaboration with offshore installation giant Subsea 7. FLASC's patented Hydro-Pneumatic Energy Storage (HPES) concept combines pressurized seawater with compressed air to create an efficient, large-scale energy storage device that can be applied across a wide range of offshore applications.... Continue Reading →
Offshore engineering and installation firm McDermott has teamed up with electrical equipment giant Schneider Electric, and io consulting - a Baker Hughes company - to design carbon-neutral facilities for the upstream oil and natural gas market. The trio plans to jointly explore and develop a proof of concept based on an offshore platform reference case,... Continue Reading →
A floating offshore wind supply chain group has been formed in Scotland, as a subgroup of the Scottish DeepWind supply chain cluster, looking to ensure that the local firms benefit from the nascent but growing floating offshore wind industry. "Scotland is currently the world leader in the deployment of floating offshore wind with the Hywind... Continue Reading →
Brazil Energy Insight 