Swiss authorities are assisting Brazilian prosecutors in their investigation into an alleged corruption scheme involving global commodity trading firms Vitol, Glencore and Trafigura, a spokesman for the Office of the Attorney General of Switzerland said on Monday. The spokesman said the attorney general’s office had received requests between June 2018 and January 2019 for “mutual... Continue Reading →
Shell, Mitsubishi and Brazil’s Pátria in $700 million power JV in Rio
SAO PAULO (Reuters) - Royal Dutch Shell Plc, Brazil’s private equity group Pátria Investimentos and Mitsubishi Hitachi Power Systems, on Monday said they would invest $700 million to build and operate a gas-fired power plant in the state of Rio de Janeiro. The joint venture will build the Marlim Azul thermal power plant with capacity... Continue Reading →
MFDevCo’s marginal gas fields project gets Siemens support
After signing a duty holder deal with Aker Solutions in January, Marginal Field Development Company (“MFDevCo”) has now entered into a collaboration agreement with another important industry name, Siemens’ Dresser-Rand business. MFDevCo (formerly ABT Oil and Gas Ltd) describes itself as a company focusing on “maximizing recovery from the vast, undeveloped hydrocarbon resources contained within... Continue Reading →
Benthic conducts geotechnical campaign in Brazil for Equinor
Benthic, a global geosciences company, has begun operations for Equinor on a four-month geotechnical campaign in the BM-C-33 and BM-S-8 blocks located off the coast of Brazil. Mobilization of PROD3 (Portable Remotely Operated Drill) onto the MV Sable Chouest started in Niteroi on November 23, 2018, and field operations are expected to reach completion by... Continue Reading →
Bassoe: Mind-numbing boredom consumes the offshore rig market, but it won’t last
It’s gotta stop at some point. And it will. There’s more excitement coming. In our 2018 offshore drilling rig market recap, we mentioned that a lot of exciting stuff happened during the year. Check out our infographic for more details on what those things were. Since then, it’s easy to say that it’s just been boring. Continue reading
Seven companies dispute “pool” drill rigs
11/02/19 Proposals for Petrobras' bidding for chartering units to 2,000 m of water depth were opened this week Newcomer COSL, the Chinese drilling company, in addition to Ocyan, Transocean-Ocean Rig, QGOG Constellation, Petroserv, Seadrill and Noble are bidding to charter one or more 2,000 m water depth rigs. The first envelopes of the tender -... Continue Reading →
Carcará, operated by Equinor in the pre-salt, will get two FPSOs
February 8, 2019 Equinor will install two FPSO-type platforms to produce oil and gas in Carcará, in the Santos Basin pre-salt. The first production facility, with capacity for 220,000 barrels per day of oil and 15 million m3 / day of natural gas, will be the largest in the country and is expected to... Continue Reading →
PetroRio to Increase Life of Frade
2/8/19/19 PetroRio to pay US $ 400 million for Frade PetroRio wants to increase the field life in more than ten years with new drilling and water injection campaigns The acquisition of Chevron's 51.74% stake at the Frade field will cost about $ 400 million, the company said on Wednesday. The oil company will pay... Continue Reading →
Schlumberger names new chief operating officer
Oilfield services provider Schlumberger has appointed a new chief operating officer (COO) of the company. Schlumberger said on Friday that its board of directors appointed Olivier Le Peuch as the new COO of the company, effective immediately. Reporting to chairman and CEO Paal Kibsgaard, Le Peuch will be responsible for the day-to-day management of all worldwide operations.... Continue Reading →
DOF scores batch of new offshore vessel deals
Norwegian offshore vessel provider DOF has won several contracts from undisclosed clients for work in Guyana, Saudi Arabia, and the Mediterranean. DOF said on Friday that its construction support vessel (CSV) Skandi Neptune already started operations in Guyana for survey work and planning a second campaign within 2019 for field development construction support activities. Continue... Continue Reading →
Brazil Energy Insight 