5/22/2019 The boards of directors of TGS and Spectrum unanimously approved the merger between the companies. The merger plan will now be sent to Norway's regulatory register, and the transaction is expected to be finalized on June 21 of this year, when general meetings of the companies will be held. The combination, which will spawn... Continue Reading →

5/22/2019 New routes to deliver the natural gas produced in the pre-salt could require US $ 2 billion in investments, according to the Energy Research Company (EPE). The pipelines under study would each have the capacity to transport 10 million m³ / d to 15 million m³ / d  - more than doubling the volume... Continue Reading →

Norwegian offshore vessel operator DOF Subsea and DOF subsidiary Norskan offshore have been awarded a total of three contracts for operations offshore Brazil. DOF Subsea said on Wednesday that the first contract was awarded by Sapura Energy in the northeast of Brazil for final client Centrais Elétricas de Sergipe (CELSE). The contract is for the... Continue Reading →

BP’s shareholders have voted in favor of Climate Action 100+ shareholder resolution on climate change disclosures, but have rejected Follow This shareholder resolution on emission targets. To remind, BP itself said in February it would support the resolution for to broaden its corporate reporting to describe how its strategy was consistent with the goals of... Continue Reading →

5/21/2019 There are small chances that the partial sinking of the two generation modules of the P-71 platform will impact the timing of the unit's first oil. The start-up of FPSO's operation is beyond the horizon of Petrobras' current business plan (2019-23), which would allow for the construction of new equipment, but there are two... Continue Reading →

5/21/2019 Kongsberg Maritime has partnered with DOF, Sintef Ocean and Norce to find solutions that reduce fuel consumption and greenhouse gas emissions in complex offshore operations. Enabled through sponsorship and support from Innovation Norway, the new partnership between four of Norway's most established and advanced maritime organizations will develop a sophisticated new Decision Support System... Continue Reading →

5/21/2019 Teekay Offshore received a purchase proposal from Brookfield. The goal of the Canadian fund manager - who already owns 60% of Teekay Offshore - is to acquire the remaining shares of the company for $ 1.05 in cash each. The platform operator said it would form a committee (without representatives of Brookfield) to evaluate... Continue Reading →

5/21/2019 The Ensco DS-9 drillship was chartered by Total to carry out the development campaign for the Lapa field in the Santos Basin pre-salt. The works should include the drilling of four wells with the objective of increasing the production of the asset. The French oil company has been using the Constellation's Amaralina drilling rig... Continue Reading →

5/21/2019 SBM's hiring for the Mero 2 FPSO charter is already under review by the boards of Shell, Total, CNPC and CNOOC, Petrobras partners in the Santos Basin production sharing project. It is expected that the agreement between the Brazilian oil company and the FPSO operator will be signed in June. SBM presented the lowest... Continue Reading →

The offshore oil and gas industry is currently in a resurrection mode and is expected to keep growing, however, the annual growth rate in the global offshore oilfield services market will likely be halved after 2022, according to the energy intelligence group Rystad Energy. In a commentary on Thursday, Rystad said that the service market... Continue Reading →