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General Electric is looking to raise up to $3 billion in sale of majority-owned Baker Hughes shares, resulting in a reduction of the U.S industrial conglomerate's stake in the oilfield services provider to less than 50%, Baker Hughes said on Tuesday. Shares of Baker Hughes, in which GE owned an about 50.4% stake as of... Continue Reading →
Sep 11, 2019 The projections for the future are encouraging for CHC. The company, which in Brazil provides services to Petrobras, Shell, Equinor and Enauta, is looking forward to the national oil and gas market, according to CHC Latin America Regional Director Carlos Madaleno. “We expect demand to increase in the region due to potential... Continue Reading →
September 12, 2019 With the acquisition of three new concessions in the Sergipe-Alagoas Basin, in the permanent offer of the National Petroleum Agency (ANP), this week, ExxonMobil consolidates its presence in Brazil's most promising exploration and production frontier since the discovery of pre-salt. The American-led consortium, along with Enauta and Murphy Oil, is expected to... Continue Reading →
Sept 11, 2019 Maha Energy announced changes in its command. The company is reorganizing its board, which will have part of the team focused on the development of production assets in Brazil and another on the development of new business. Alan Johnson will be Vice President of Operations. He has over 25 years of experience... Continue Reading →
Olis Robotics has entered into an agreement with Forum Energy Technologies for global sales, distribution and support of its ROV controllers. The Olis Master Controller (OMC) is said to be a next-generation controller for piloting remotely operated vehicles (ROVs) in the offshore energy industry. Continue reading
Viper Innovations said it has taken the decision to sell its subsea hydraulic distribution portfolio of products, including the V-LOCK range of stabplates, to OneSubsea, a Schlumberger company. The company said the decision was made as it plans to focus on its subsea electrical integrity products and assurance services. Continue reading
Lower oil prices will push the global service market into a recession in 2020 after three successive years of growth, according to Norwegian intelligence firm Rystad Energy. In a new sector outlook update, Audun Martinsen, head of oilfield services research at Rystad Energy, forecasts a 4% decline in global oilfield service revenue if oil prices... Continue Reading →
This month’s QOWTI (Quest Offshore Turbine Index) shows 11,087 turbines, representing a Global CapEx of $296 billion in the Total Addressable Market (TAM)*. Offshore Fixed Wind ongoing projects incorporate 9,517 turbines, while Floating Wind projects stand at 1,570 turbines. September 2019 QOWTI shows an average CapEx/unit of $26.1 million for fixed turbines and $30.3 million... Continue Reading →
September 11, 2019 The National Petroleum Agency (ANP) has tendered 45 assets, including exploratory blocks and inactive areas with marginal accumulations, in the first test of the permanent offer - new auction model, conceived by the regulator as a kind of on demand bidding of areas of oil and gas. The round raised R$ 22.3... Continue Reading →
Shearwater GeoServices has been awarded a large survey to be acquired in South America, starting in the fourth quarter of 2019. This is Shearwater’s third contract in as many days. The six-month project covers approximately 8,500 sq. km and will be acquired by the Amazon Warrior vessel, using 14-streamers and Flexisource triple source. The Amazon... Continue Reading →
Brazil Energy Insight 