Norway’s offshore vessel owner Solstad Offshore has said that the OSV market recovery has been slow and the dayrates for the vessels are still not at sustainable levels for the owners. The company which owns 140 various offshore vessels saw its loss for the third quarter deepen to around 456 million crowns (around $55,4 million). This... Continue Reading →

The first in four years... Rio de Janeiro, November 06, 2018 – Petróleo Brasileiro S.A – Petrobras announces that its Board of Directors approved in a meeting held yesterday the distribution of early remuneration to shareholders as Interest on Capital (IOC), as defined in art. 9, sole paragraph of its bylaws and in article 9... Continue Reading →

Rio de Janeiro - November 6, 2018 - FINANCIAL REPORT THIRD QUARTER OF 2018 RESULTS - Consolidated financial information revised by independent auditors, prepared in accordance with International Financial Reporting Standards - IFRS. Net income R$ 6,644 million Production 2,514 kboed Adjusted EBITDA R$ 29,856 million Main highlights Results Petrobras reported net income of R$... Continue Reading →

Petrobras will be able to contract six marine drill rigs by mid-2019, at least two of them to operate in the Libra area in the Santos Basin pre-salt. The forecast is for Transocean's Senior Vice President, Roddie Mackenzie. During a conference with analysts last week, the executive said he had a very positive feeling toward... Continue Reading →

Sonardyne has reported new Ultra-Short BaseLine (USBL) equipment sales across Europe, Asia and the Americas. Organisations operating out of the UK, Brazil, Thailand and Vietnam have acquired Sonardyne’s vessel-based Ranger 2 and Mini-Ranger 2 USBL underwater positioning technology for tracking a range of subsea assets, from small drones due to be deployed in Shell’s Ocean... Continue Reading →

Prosafe, an operator of offshore accommodation vessels, has said that tendering activity continues to pick up in the North Sea market as well as internationally.  In its financial report for the third quarter 2018 Prosafe said on Tuesday that one main driver for the increase is maintenance and modification work being sanctioned as a result of... Continue Reading →

11/5/18 Rig operated by Transocean to make first campaign possibly in Farfan area   The Petrobras 10,000, which is operated by Transocean, arrived in Brazil earlier this week and is already undergoing the release procedures of the Brazilian authorities. The unit is in Sergipe waters, where it will make its first campaign, possibly in the... Continue Reading →

06/11/2018 Oil and natural gas production in Brazil in September was 3,196 million barrels of oil equivalent per day (boe / d), the National for Petroleum, Natural Gas and Biofuels (ANP) said today.  The participation of the pre-salt, 55.8%, was a record, the agency said in an official statement. In the pre salt, 1.783 million... Continue Reading →

Electrifying the existing Dutch North Sea offshore oil and gas platforms from shore and from offshore wind farms could help reduce CO2 emission by one megaton per year. This was shared during a talk-show session on offshore platform electrification held last month at Offshore Energy Exhibition and Conference in Amsterdam. Read more