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Brazilian police have raided offices of Estaleiro Jurong Aracruz Ltda (“EJA”), a Brazilian subsidiary of Singapore’s offshore rig builder Sembcorp Marine. n a Singapore Exchange filing, SembCorp Marine said the search warrant the Brazilian authorities were executing was related to the “Operacao Lava Jato” (Operation Car Wash) in Brazil, which is a years-long investigation into... Continue Reading →
The worldwide offshore rig count in June 2019 dropped by 9 units compared to May, but it was up 56 compared to June 2018, according to monthly rig count 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.... Continue Reading →
For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival. Five years after crude began its plunge to less than US$30 a barrel from more than US$100, the companies that drill and frack wells are living in a new world. The producers they work for have become increasingly... Continue Reading →
The oilfield services company Weatherford International filed for Chapter 11 bankruptcy protection Monday, after struggling to assimilate the companies it bought during a quest for growth, taking on too much debt and fighting to recover from falling oil prices in 2014 that hammered the energy industry. Weatherford, which got its start in 1941 and had... Continue Reading →
U.S. oil giant ExxonMobil has been named the upstream industry’s most admired explorer, according to Wood Mackenzie. The energy intelligence group said that the accolade was awarded in conjunction with its annual Exploration Survey. Mike Cousins, ExxonMobil’s SVP of exploration and new ventures, accepted the award at the second Wood Mackenzie Exploration Awards ceremony, held... Continue Reading →
June 28, 2019 The ANP opened the First Cycle of the Permanent Offer with the approval, by the Special Bidding Commission (CEL), of the offer guarantee accompanied by a declaration of interest in one of the areas offered by one of the companies already registered to participate. The public session for the presentation of First... Continue Reading →
The Cabiúnas 1 consortium, owner of the Rota 2 gas pipeline, was authorized to increase the capacity of the natural gas from pre-salt fields to 16 million m³ / day for the Cabiúnas processing unit in Macaé (RJ) ). Owned by Petrobras, Shell, Petrogal and Repsol Sinopec, Rota 2 started the operation in 2016... Continue Reading →
July 1, 2019 CGG received a permit from IBAMA to conduct a seismic campaign to acquire 35,806 km2 of seismic data in the Santos Basin. The license, issued last week, is valid until March 31, 2020. The company's forecast is for the campaign to use the Geo Caribbean vessel. The Santos Phase IX project will... Continue Reading →
June 29, 2019 Perenco sees the possibility of extending the production of the Carapeba, Pargo and Vermelho fields in shallow waters of the Campos Basin that have been producing for the least 20 years. The company understands that it is feasible to reactivate at least 50 wells in the fields, according to Operations Manager, Guillaume... Continue Reading →
BW Offshore said on Monday that all the changes within the executive management team were effective immediately. The company added that Marco Beenen assumed the position of BW Offshore’s CEO. He previously served as the chief operation officer (COO) of the company since 2016. Also, Ståle Andreassen was chosen to be the chief financial officer... Continue Reading →
Brazil Energy Insight 