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 →

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 →

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 →

February 8, 2019 The board of the National Petroleum Agency (ANP) has decided to suspend contracts for exploration blocks PEPB-M-783 and PEPB-M-839, operated by Petrobras in the Pernambuco-Paraíba Basin, until IBAMA expresses its opinion on the feasibility of exploring oil and gas in the region. With this, it extended for 180 days the commitment of... Continue Reading →

The Mexican government’s planned aid package for Petroleos Mexicanos could be slapping on a Band-Aid when a tourniquet is needed to stem the bleeding. Pemex, the most indebted oil company in the world, saw its annual oil output fall to the lowest since at least 1990 last year, and Fitch Ratings downgraded its bonds last week to one notch... Continue Reading →

Floating production unit specialist Teekay Offshore has said it has secured a contract extension for one of its FPSOs in Brazil. Teekay Offshore on Friday said it had in January 2019 signed a long-term contract extension with Petrobras to extend the employment of the Piranema Spirit FPSO on the Brazilian Piranema field. The contract extension began in... Continue Reading →

Norwegian oilfield services provider Aker Solutions recorded an increase in profit in the last quarter of 2018 from the same period in 2017 on the back of higher revenues. The company sees continued signs of a recovery in the global market.  The company’s revenue rose to NOK 7 billion in the fourth quarter 2018 from... Continue Reading →

Norwegian offshore vessel owner Solstad Offshore has entered into contracts for three of its large platform supply vessels (PSVs) and an anchor handler. In addition, Solstad has entered into a new contract for the 2009-built AHTS Far Sagaris with Queiroz Galvão Exploração e Produção S.A (QGEP) in Brazil. This new charter contract is firm for... Continue Reading →