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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 →
Siemens plans to list its energy unit by around September next year, the head of its gas and power division said on Tuesday. The new energy company will include all of Siemens' oil and gas business, as well as power generation and renewable energy all the way through transmission assets. Continue reading
Worley has entered into a 50:50 joint venture with Enaval, a company with over 20 years’ experience providing engineering, construction, installation, commissioning, maintenance and modifications to the oil and gas industry in Brazil. The new joint venture, combining Worley’s global engineering and brownfield capabilities with Enaval’s fabrication services and facilities, will provide world-class brownfield engineering,... Continue Reading →
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 →
Brazil Energy Insight 