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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 →
Oil majors’ recent project investments are not in line with Paris climate goals, Carbon Tracker think-tank said in a report on Thursday. The Paris Accord committed to tackling the climate change was signed by 195 nations in December 2015, who have pledged to try and keep the global warming “well below” 2 degrees Celsius above... Continue Reading →
Scientists generally estimate that to hold the rise in global average temperature to 1.5 degrees Celsius over the preindustrial baseline — a “safe” level of warming — humanity must stabilize the atmospheric concentration of carbon dioxide at around 350 parts per million. This year, we reached about 410 ppm. There is already too much CO2... Continue Reading →
Sept. 6, 2019 SBM Offshore and ExxonMobil signed a Long-Term Agreement covering potential future FPSO orders. This agreement is non-exclusive and establishes the general legal framework and specific terms in relation to the engineering, procurement, construction and installation work regarding potential future contracts relating to leased FPSOs, which includes BuildOperate-Transfer projects that generally cover a... Continue Reading →
September 5, 2019 The ANP publishes on its portal, as of today, the annual forecasts for oil and natural gas exploration activities for 2019. The data can be accessed on the Production and Activities Forecast page. The forecasts include: drilling of exploratory wells on land and sea, 2D and 3D seismic activities and their budgets.... Continue Reading →
04 Sep, 2019 To drive the Digital Transformation program, Ocyan has signed a deal with Intelie, a Brazilian subsidiary of the US group RigNet, to acquire the Intelie Live platform. It will be used at the Decision Support Center (CSD), an intelligence and operations space of the company's Drilling Unit (UN-P), at Macaé Base (RJ).... Continue Reading →
DNV GL has proposed the Probabilistic Digital Twin (PDT) to close the gap between digital twins – used increasingly by operators to manage the performance of their assets – and risk analysis still largely conducted manually before assets enter service. A digital twin is a digital “mirror” of a physical asset, including models of its... Continue Reading →
September 4, 2019 The opening of the Brazilian natural gas market and the growth of national production should unlock billions in investments in infrastructure, according to a study by the Energy Research Company (EPE). The state-owned company sees potential for the construction of 16 new gas pipeline networks in Brazil in the coming years. The... Continue Reading →
Brazil’s biggest-ever corruption investigation, which jailed dozens including a former president, has been threatened over the past week by a Supreme Court ruling and push back from politicians seeking to curb investigative powers. For the first time, justices of the top court have annulled a corruption conviction by the judge who oversaw the probe, current... Continue Reading →
iXblue and 2G Robotics have signed a memorandum of understanding (MoU) to offer a new survey skid for inspection-class ROVs. This all-in-one integrated skid should deliver inspection capabilities on small ROVs, enabling survey and inspection on low cost assets. Continue reading
Brazil Energy Insight 