Oil and gas company Tullow has hired a drillship to drill for oil in its Orinduik Block, offshore Guyana, Eco Atlantic, a partner in the project, has informed. The rig in question is the Stena Forth, a sixth-generation drillship owned by Stena Drilling. The Stena Forth drillship will drill the 250 million barrel Jethro-Lobe prospect on... Continue Reading →
SembMarine: Offshore spending rising, but not for new rigs. New orders expected in production units segment
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 →
U.S. opens probe into Brazilian oil bribery scheme: sources
(Corrects ninth paragraph of Feb. 7 story to say Brazilian prosecutors alleged bribes were paid to Petrobras insiders, not to the company itself) Continue reading
Rystad Energy: Top wildcat wells to watch this year
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 →
Ibama authorized an extension of the maneuvering area of the works carried out in the Búzios field
1/18/19/19 IBAMA authorized the inclusion of support vessels by Petrobras in the 3D seismic campaign with nodes in the Búzios field, the Transfer of Rights assignment of the Santos Basin pre-salt. The agency also allowed the area of maneuvers of the campaign to be expanded by 3,500 meters, aiming to improve the quality of the... Continue Reading →
Petrobras and Modec negotiate Búzios V
1/18/19/19 After stopping negotiations with Exmar, the state company tries to reduce the daily rate offered by the Japanese company The long story of the charter of the FPSO of Búzios at last is coming to an end. Petrobras will hold the first direct negotiation meeting with Modecom Friday, the company that presented the second... Continue Reading →
Rystad: 33 FPSO vessels to be sanctioned from 2019 to 2021
Norwegian oil and gas intelligence firm Rystad Energy expects 33 floating, production storage and offloading (FPSO) vessels to be sanctioned from 2019 to 2021 as oil and gas activity picks up in the offshore sector. Rystad said last Friday that, of the 33 FPSOs, 15 would require a production capacity above 80,000 barrels per day.... Continue Reading →
Transocean posts 4Q loss. CEO says 2018 ‘transformative’
Offshore drilling company Transocean posted a net loss attributable to controlling interest of $242 million for the fourth quarter of 2018, however, the CEO is optimistic as the company last year added $2 billion in contract backlog, the highest in the last four years. The result was impacted by impairment for three floating rigs previously... Continue Reading →
Helix Energy swings to loss in 4Q
U.S. oil and gas services company Helix Energy Solutions sank to the red in the last quarter of 2018 from a profit in the same period of 2017. Helix Energy Solutions on Monday reported a net loss of $13.7 million for the fourth quarter of 2018 compared to net income of $50.6 million for the same period in 2017... Continue Reading →
Skandi Olinda vessel begins Petrobras contract
The Skandi Olinda, a Brazilian-flagged flexible lay and construction vessel, has started its eight-year charter contract with Brazilian oil company Petrobras. The vessel is owned by a joint venture formed between TechnipFMC (50%) and DOF (50%). Under the TechnipFMC/DOF joint venture agreement, TechnipFMC will manage flexible pipelay, and DOF will be responsible for marine operations. Continue reading
Brazil Energy Insight 