Danish offshore driller Maersk Drilling and vessel provider Maersk Supply Service have established a joint venture company focused on decommissioning market.  The 50:50 JV between Maersk Drilling and Maersk Supply Service will leverage the companies’ heritage of over 50 years of operations to provide decommissioning services to oil and gas operators, the two companies said on Thursday.... Continue Reading →

Offshore driller Rowan Companies has renamed its latest additions to the rig fleet to honor the legacy of two former employees. Rowan said on Thursday that it renamed its two LeTourneau Super 116E jack-ups, the P-59 and P-60, after late Rowan retirees who significantly contributed to the company’s success. Both rigs were delivered new into service... Continue Reading →

The state-owned company accounted for 75 percent of Brazil's production in February, down from 93 percent in 2010, at the end of the Luiz Inácio Lula da Silva administration. The presence began to fall with the production of the pre-salt, in the government Dilma Rousseff. And it has accelerated since Michel Temer took office in... Continue Reading →

Polarcus received the license from Ibama for a 3D seismic campaign on the BM-S-8, in the Santos Basin. The authorization is valid until May 2019 and provides for the survey to be conducted by only one vessel, between the Polarcus Alima, Polarcus Asima, Polarcus Adira and Polarcus Naila. The BM-S-8 is operated by Statoil, which... Continue Reading →

Petrobras  canceled a tender it has been promoting to contract vessels to support shallow dive (SDSV) and will launch a new bid in the next few days. The company informed the participating ship owners that a failure made it impossible to send the proposals of some invited companies. "Therefore, a new opportunity will open in... Continue Reading →

April 11,2018 The Board of Directors of the ANP approves (11/04) the resolution that regulates the contractual mechanisms of exemption (waiver), adjustment and transfer of surplus, and that brings the possibility of adding contracts with new requirements of local content. The publication complies with the determination of the Brazilian Court of Audit (TCU) and gives... Continue Reading →

Ahead of its pending merger, the U.S. engineering and construction company McDermott and its compatriot CB&I have found ways to save $250 million, including eliminating the perks and reducing board of directors costs. The companies have received all necessary regulatory approvals for the merger which was proposed last December. The merger is on track to... Continue Reading →

UK oil major BP has signed a memorandum of understanding to explore areas of cooperation with Brazilian oil giant Petrobras.  Through this strategic alliance, Petrobras and BP have committed to exploring potential joint commercial agreements in areas of mutual interest in upstream, downstream, trading and across low carbon initiatives, inside and outside Brazil, BP informed... Continue Reading →

Continued Drilling Success and Record Production Growth, New Argentina Project Closing and New Large-Scale Acquisition Partnership Read more