Offshore support vessel owner DOF has secured contracts for three ROV Support Vessels (RSV) with Petrobras in Brazil. All contracts have a firm duration of three years and Petrobras will have options to extend for another two years. The Skandi Commander, Skandi Olympia, and Skandi Chieftain vessel have been selected for the job, and each... Continue Reading →

Rio de Janeiro, February 21, 2019 - Petróleo Brasileiro SA - Petrobras informs that the rating agency Standard & Poor's (S&P) raised its stand-alone credit profile (SACP) to "bb" from " bb-", with a stable outlook, affirming its global rating at “BB-“. The agency noted that the revision of Petrobras' SACP reflects the company's sound... Continue Reading →

TechnipFMC has reported fourth-quarter 2018 loss of $2.26 billion or $5 per diluted share. The UK-based energy services giant booked total quarterly after-tax charges and credits of $2,22 billion, or $4.91 per diluted share. Major part of these charges included asset impairments (of close to $1.7 billion) for goodwill and other fixed assets. Adjusted net... Continue Reading →

TGS has announced a new multi-client 3D seismic survey in the Campos Basin in Brazil. The survey will cover approximately 11,200 km2 within the granted permit area and will be acquired by Shearwater with the Amazon Warrior vessel. The project will be executed by the Amazon Warrior using proprietary Q technology starting in 1Q 2019.... Continue Reading →

Rio de Janeiro, February 20, 2019 - Petróleo Brasileiro S.A. - Petrobras announces that today it has started the production of oil and natural gas of P-76, the third platform to enter production in the Búzios field. With a daily capacity to process up to 150,000 barrels of oil and compress up to 6 million... Continue Reading →

Seismic services player Spectrum is starting a new 20,000 km 2D survey in Colorado and Salado basin offshore Argentina. This new program ties with Spectrum’s existing 35,000 km survey that was acquired in 2017 for the ongoing first offshore licensing round.  The survey is done in cooperation with BGP utilizing the vessel BGP Pioneer, Spectrum... Continue Reading →

Singapore’s offshore platform and rig builder Sembcorp Marine sees improvements in global spending on offshore exploration and production, however, it does not expect this to reflect on its near-term business volume. The company will focus on offshore production units as this is where it sees an increasing number of inquiries. The rig builder on Wednesday reported... Continue Reading →

After years of budget cuts, oil and gas companies are finally stepping up their exploration game and several wildcat wells planned for 2019 have the potential to be “elephant” finds, according to Norwegian oil and gas intelligence firm Rystad Energy. Rystad said on Tuesday that improved market conditions and lower well costs led E&P players... Continue Reading →