Murphy Oil Corporation has entered into a definitive agreement to acquire deepwater Gulf of Mexico assets from LLOG for $1.37 billion. Murphy said on Tuesday that accretive, cash flow providing Gulf of Mexico assets being acquired currently produce approximately 38,000 barrels of oil equivalent per day net (Boepd) and are expected to add approximately 66... Continue Reading →

Helix Energy Solutions has reported net income of $1.3 million, or $0.01 per diluted share, for the first quarter of 2019 compared to a net loss of $2.6 million for the same period in 2018. Sequentially, results improved from net loss of $13.7 million, or $(0.09) per diluted share. Helix reported Adjusted EBITDA of $30.2... Continue Reading →

FPSO operator BW Offshore has signed an agreement with Petrobras for a one-year extension for the lease and operation of BW Cidade de São Vicente. The firm period has been extended from the second quarter of 2019 to the second quarter of 2020, the vessel owner said on Tuesday. The BW Cidade de São Vicente... Continue Reading →

Houston-based subsea company Oceaneering International has taken delivery of a subsea construction support vessel, Ocean Evolution. The vessel has completed sea trials and received all necessary ABS and U.S. Coast Guard certifications and is currently in Port Fourchon, Louisiana, completing final outfitting and preparing for project work scheduled to begin in June, Oceaneering said on... Continue Reading →

Dutch offshore services provider OOS International has been awarded a five-year contract for the flotel OOS Tiradentes by Petrobras. The new contract will start in 3Q/4Q of 2019, OOS International said on Tuesday. OOS Tiradentes, named after a national Brazilian hero who fought for independence, has been working in Brazil for Petrobras since its delivery... Continue Reading →

April 22, 2019 (Reuters) - Brazil’s state-run oil producer Petroleo Brasileiro SA said on Monday it had halted production at its P-25 platform in the Albacora offshore field, after detecting a leak in a pipeline. The leak was detected on Monday around dawn and had spilled 941 liters, the company said.  

4/22/19 Schlumberger and Modec have entered into two contracts in the first quarter of the year to supply oil separation and treatment equipment and CO2 processing of FPSOs that will operate on Brazilian offshore. The information is contained in Schlumberger's financial report published on Thursday (18/4). Modec currently constructs two platforms contracted by Petrobras: Guanabara,... Continue Reading →

4/22/2019 During Keppel Corp.'s first quarter earnings announcement on Thursday (18), the company's CEO, Loh Chin Hua, said that Sete Brasil had recently convened an auction for two semi-submersible platforms under construction at the BrasFELS site in Brazil , and two drill ships under construction by Sembmarine, according to Seatrade.   A proposal was presented... Continue Reading →

4/22/2019 Petrobras is receiving offers for chartering a dive support vessel (DSV). The deadline for submitting proposals is the end of day May 8. The vessel shall be adequate to withstand operations of intervention, inspection, maintenance and repair with submarine remote operation robots (ROVs), in water depths of up to 3 thousand m, in addition... Continue Reading →