September 10, 2019 The ANP promoted this Tuesday (10) the first auction of areas selected for permanent supply of blocks and fields with marginal accumulations of oil and natural gas. The auction ends with 12 fields with marginal accumulations contracted onshore. Imetame, Brazil Refineries, Petro Global, Creative Energy, Great Energy, Petro Victory and Perícia purchased... Continue Reading →

DOF Subsea has equipped a further three of its Brazilian offshore vessel fleet with hybrid acoustic and inertial navigation technology from Sonardyne Brasil. Sonardyne’s SPRINT-Nav all-in-one subsea navigation instruments are now supporting five Forum Energy Technologies (FET) remotely operated vehicles (ROV) on board the three vessels. Continue reading

Sept 120, 2019 The National Agency of Petroleum, Natural Gas and Biofuels (ANP) inaugurates a new type of auction, the permanent offer, which will function as a kind of offer on demand of oil and gas areas for oil companies. The first test of this new model will offer, 273 exploratory blocks and 14 inactive... Continue Reading →

Sept 9, 2019 Açu Petróleo (a joint venture between Prumo Logística and Oiltanking) and Petrogal reaffirmed their partnership and renewed by 2023 the contract for oil transhipment at the Porto do Açu Terminal, in São João da Barra (RJ). With the new contract, the forecast is that the oil company, which has been a client... Continue Reading →

OPEC and its allies have been using the wrong target for draining excess stockpiles. As a result, they may have to consider longer and deeper cuts. A meeting of ministers from OPEC states and their oil-producing allies will take place in Abu Dhabi this week. It will probably be a subdued affair. Oil prices remain stubbornly low despite big... Continue Reading →

UK subsea engineering and construction services company Subsea 7 has informed that Jean Cahuzac will retire from his position as CEO at the end of this year. Cahuzac will be succeeded from January 1, 2020, by John Evans, who is currently COO, Subsea 7 said on Tuesday. Continue reading

French tubular solutions supplier Vallourec has been awarded a contract by Abu Dhabi National Oil Company (ADNOC) for the supply of tubing and casing, over a five year period, with a possible two-year extension, for an amount of $900 million. Tubing and casing will be supplied from Vallourec’s mills in Europe, South America and China.... Continue Reading →

Sept 8, 2019 Saipem's Offshore Construction and Technology Center (CTCO) in Brazil has received, at its manufacturing center, located in Guarujá-SP, some equipment from Petrobras for storage, under a five-year contract. Situated in Guarujá Naval Industrial Center, this center is strategically located at the entrance to the Santos Port canal. It was specifically designed to... Continue Reading →

Schlumberger, the world’s largest service company, plans to redefine its focus, exiting unprofitable businesses, restructuring some units, and placing more emphasis on returns, new Chief Executive Officer (CEO) Olivier Le Peuch said in a speech at an investor conference this week. “The Schlumberger of tomorrow will not be the Schlumberger of today,” said Le Peuch,... Continue Reading →