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Wedged between Brazil and Venezuela, Guyana could easily go unnoticed. It has fewer than 750,000 people and a per capita income of $4,300, half the regional average, qualifying it as the hemisphere’s third-poorest nation. At the moment, Guyana also might be its luckiest. Having struck big oil offshore starting in 2015, industry experts reckon total reserves at around 2 billion... Continue Reading →
February 16, 2018 by Felipe Maciel Shell has entered into a contract with Petroserv for the lease of the semi-submersible rig, Catarina, as of April of this year. The unit will conduct well drilling campaigns in the fields of Parque das Conchas and Bijupirá and Salema, all in the Campos Basin. This is the first... Continue Reading →
Yesterday, Eni’s Board of Directors approved the Group results for the fourth quarter and the full year of 2017 (unaudited). Read full press release
February 16, 2018 IBAMA has 12 seismic data acquisition projects in the Brazilian offshore with licensing in progress since last year. The survey carried out by E & P Brasil in the public data of the environmental agency indicates that Petrobras is currently the main claimant of projects licenses. The oil company has been anticipating its licensing... Continue Reading →
U.S. offshore support vessel owner Tidewater has appointed a new president and chief executive officer (CEO), effective March 5. Tidewater said on Thursday that John T. Rynd would become the company’s new president, CEO, and board member. He will replace Larry T. Rigdon who served as interim president and CEO since October 2017. Read more
Italian offshore contractor Saipem has awarded GranEnergia, a Brazilian offshore accommodation solutions provider and a subsidiary of GranInvestimentos, a contract for the DP3 compact semi-submersible vessel Venus. GranEnergia said on Thursday that the contract entails the provision of offshore accommodation services for Total’s Kaombo project offshore Angola. Read more
SAO PAULO, Feb 14 (Reuters) - Brazilian conglomerate Odebrecht SA may sell part of its stake in petrochemical company Braskem SA or try to get credit from banks using its stake as collateral, Brazilian newspaper Valor Economico reported on Wednesday. Odebrecht needs cash to pay debt maturing this year, including 500 million reais ($152 million)... Continue Reading →
Heerema Fabrication Group (HFG) has awarded engineered hydraulic solutions specialist DGI Doedijns a contract to design and deliver the upend & flood control system for the Peregrino II jacket to be set off Brazil. DGI said on Tuesday that the upend control center consists of 56 actuated valves, a control center, and interconnecting hoses. The company... Continue Reading →
Dutch provider of heavy lift and accommodation solutions OOS International has taken delivery of its new semi-submersible accommodation vessel (SSAV), the OOS Tiradentes. The naming and delivery ceremony for the SSAV took place at CIMC Raffles in Yantai on Wednesday, February 7. The vessel, named after a Brazilian national hero who stood up for independence,... Continue Reading →
Houston-based offshore driller Diamond Offshore sank to a loss in the fourth quarter of 2017 as its revenues decreased compared to the same period of 2016. The driller on Monday posted a net loss of $31.94 million for the fourth quarter of 2017 compared to a profit of $116.1 million in the same period of... Continue Reading →
Brazil Energy Insight 