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 →

Recent long-term offshore drilling contract awards might not fit with investors’ expectations, but it’s the expectations that are the problem, not the reality. Continue reading

  Rio de Janeiro, May 21, 2019 - Petróleo Brasileiro S.A. – Petrobras informs that today it expressed interest to the National Council for Energy Policy (CNPE) to exercise the pre-emption right on the Transfer of Rights surplus bidding round under the production sharing regime, pursuant to Brazilian Law 12.351/2010 and Federal Decree 9.041/2017. The... Continue Reading →