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Suddenly there’s a lot going on in the Mexican offshore rig market. So much that it’s confusing. Here’s your guide to what’s happening. It seems like yesterday that Pemex was renegotiating jack-up rig contracts and putting rigs on standby as drilling demand in Mexico plummeted. Oil production dropped from around 2.5 million barrels per day... Continue Reading →
Oil workers at state-run Petroleo Brasileiro SA have begun a strike in eight Brazilian states as part of nationwide protests against a government pension reform proposal, umbrella union group FUP said on Friday. Brazil’s pension reform bill is aimed at restoring public finances and reviving a flagging economy, but is fiercely opposed by some sectors... Continue Reading →
Offshore driller EnscoRowan has been urged by Luminus, a fund owning 4.5% of its shares, to declare a special dividend of $2.5 billion, which, the fund believes, would help the ESV share price which has been on a downward spiral for some time now and is at “1993 lows.” In a letter sent to EnscoRowan... Continue Reading →
Brazil’s oil regulator ANP announced on Thursday preliminary rules for a major oil auction in the pre-salt area in the Santos basin and postponed the bidding round to Nov. 6 from Oct. 28. The preliminary rules will be in public consultation until July 3, according to ANP. A public hearing is expected to take place... Continue Reading →
Rio de Janeiro, June 13, 2019 - Petróleo Brasileiro S.A. - Petrobras, regarding the news published in the media, about the shallow waters divestment project of Enchova and Pampo clusters, located in the Campos Basin, clarifies that on June 5, 2019 it received final offers from potential interested parties in the acquisition of said assets.... Continue Reading →
United States Embassy Brasilia, Brazil Message for U.S. Citizens: Visa Waiver for U.S. Citizens br.usembassy.gov The Brazilian government announced that effective June 17, 2019, a visitor visa (electronic or paper) will not be required for U.S. citizens to travel to Brazil for the purposes of tourism, business, transit and artistic and sportive activities, for stays... Continue Reading →
June 12, 2019 Carlos Tadeu da Costa Fraga will assume the presidency of Prumo Logística as of the beginning of July, in place of José Magela Bernardes. According to sources, the invitation to the executive, who is currently CEO of Açu Operations Port, was made by the CEO of EIG Global Energy Partners and chairman... Continue Reading →
Rosneft was received yesterday by the governor of Amazonas, Wilson Lima, who signed a term of intent with Vladimir Lyakhovich, general director of the company in Brazil, stating that operations in the Solimões Basin are priorities for the development of the state. - Rosneft resumed drilling operations in the region in 2017, having drilled five... Continue Reading →
Ten environmental groups on Tuesday sued the Trump administration over recent changes in the Obama-era offshore safety rules put in place in 2016, in the aftermath of the 2010 Deepwater Horizon disaster in the Gulf of Mexico. “[The 2016 Well Control Rule] required drilling operators to implement many of the drilling practices and technology upgrades... Continue Reading →
Shawcor’s pipe coating division has entered into several contracts with an international EPC contractor to provide coating services for offshore pipeline projects. The projects include: Petrobras’ Mero in Brazil; ConocoPhillips’ Tor 2 in Norway; BP’s Atlantis in the Gulf of Mexico; Energean’s Karish in the Mediterranean Sea; Shell’s Powernap in the Gulf of Mexico; Equinor’s... Continue Reading →
