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France’s Total SA (TOTF.PA), the big winner in a Brazilian auction of offshore oil concessions on Thursday, said it will not participate in a bigger auction scheduled for Nov. 6 of the so-called Transfer of Rights area in Brazil’s pre-salt region. The company’s chief executive officer, Patrick Pouyanné, said in a statement that was because... Continue Reading →
U.S.-based Chevron Corp said on Friday it signed an agreement with a unit of Royal Dutch Shell to buy a 40% stake in three deepwater blocks in the Mexican Gulf that the Anglo-Dutch firm won in auctions under the nation's energy reform. The deal was approved earlier this week by Mexico's oil regulator, the National... Continue Reading →
The worldwide offshore rig count in September 2019 decreased by four units sequentially, but increased by 43 units year-over-year, according to reports by Baker Hughes, a GE company. BHGE splits its rig counts into international and North America rig counts, which combined make the worldwide rig count. Baker Hughes reported on Monday that international rig count for... Continue Reading →
Mexican President Andres Manuel Lopez Obrador said on Thursday that his government is not seeking to take control of the Zama oilfield discovery, which is currently operated by a private consortium led by U.S.-based Talos Energy. Reuters reported earlier this week that Mexico's national oil company, Pemex, wants to take control of Zama from Talos,... Continue Reading →
Belgium engineering firm Tractebel, part of Engie, is developing a concept for an offshore platform that would convert power produced from offshore wind farms into hydrogen using electrolysis. “Delivering up to 400 MW, this kind of plant exceeds the output of previous technologies many times over. It could already be put into practice today, for... Continue Reading →
Oslo-headquartered TMC Compressors of the Seas said on Monday it has been awarded a contract from Chinese shipyard Shanghai Waigaoqiao Shipbuilding to supply the marine compressed air system to the Liza Unity floating production, storage and offloading unit (FPSO). Under the contract, TMC will provide a large compressed air system consisting of frequency-controlled instrument air... Continue Reading →
Eike Batista, formerly Brazil’s richest man, was sentenced to an additional eight years and seven months of prison time on Monday for insider trading. Batista, 62, had already been convicted for paying $16.6 million to get government contracts as part of a sprawling corruption probe known as Carwash and sentenced to 30 years, which he... Continue Reading →
Magma Global has signed a contract with Shell to develop and qualify a flexible single polymer composite (SPC) pipe for cryogenic applications of down to -196oC. Magma was selected for its high precision laser manufacturing capability and experience in development and qualification of composite pipe for hydrocarbon service. The cryogenic flexible will suit a number... Continue Reading →
Sonardyne Brasil has supplied Ultra-Short BaseLine (USBL) positioning technology to track science equipment and underwater vehicles deployed from Brazil’s oceanographic research vessel, Alpha Crucis. The 64 m-long vessel, which is operated by the University of São Paulo, undertakes research projects spanning global climate change to biodiversity in Brazilian waters. It will be equipped with a... Continue Reading →
September 30, 2019 Following the public sale notice by Serviços de Petróleo Constellation S.A. (“Constellation”), formerly Queiroz Galvão Óleo e Gás S.A., of its equity ownership in the lease and operating companies related to five Brazilian FPSOs, SBM Offshore confirms that it will participate in this sealed bids competitive process. The auction consists of the... Continue Reading →
Brazil Energy Insight 