Petrobras Informs payment of interest on capital and dividends to shareholders. See attached company press release. PBR dividends  

While Maersk Drilling’s 1Q 2019 result was impacted by lower day rates and expiry of legacy contracts, the driller expects improved market fundamentals with increased utilization and higher day rates in the longer term. Maersk Drilling earlier this year demerged from its parent company, the Danish shipping giant Maersk, and in early April listed on... Continue Reading →

5/15/2019 Offshore new EPCI (Engineering, Supplies, Construction and Installation) contracts are expected to move approximately $ 80 billion between 2019 and 2020 worldwide, according to a Rystad Energy survey. The Carcará, Lula and Atapu Norte projects in the Brazilian pre-salt are among the projects that will contribute to the increase in turnover in the next... Continue Reading →

5/15/2019 Prysmian has entered into a contract with Total to provide 19 km of thermoplastic umbilicals to the Lapa field in the Santos Basin pre-salt. The agreement, which includes the follow-up of the installation of the lines, provides for a high index of local content, with manufacturing at the company's plant in Vila Velha (ES)... Continue Reading →

Transocean on Wednesday said its indirect subsidiary Transocean Sentry had started a private offering of U.S. $500 million in aggregate principal amount of senior secured notes due 2023 to eligible buyers. The notes will be guaranteed by Transocean Ltd., Transocean Inc. and wholly owned indirect subsidiaries that own the harsh environment semisubmersible drilling rigs Transocean... Continue Reading →

  Petrobras will implement a new well concept in the field of Mero 1 that promises to generate an economy of US $ 280 million in the implementation costs (Capex) of the Santos Basin pre-salt project. Called the Wag Loop, the technique allows the injection of water and gas to be made by the same... Continue Reading →

5/14/2019 Omni Táxi Aéreo was contracted by PetroRio to service the company's operations in the Frade field in the Campos Basin. The agreement provides for the transportation of passengers and aeromedical coverage with flights departing from Macaé Airport (RJ). The helicopter operator was already responsible for the air support to the oil company in the... Continue Reading →

Brazilian oil company Petrobras has awarded McDermott a contract for the engineering, procurement, construction, and installation of subsea risers and flowlines for the first phase of the Sepia field, offshore Brazil. McDermott said on Tuesday that the contract was a significant one. The company defines a significant contract as being worth between  $250 million and... Continue Reading →

World’s largest oilfield services company Schlumberger is teaming up with Google Cloud to develop exploration & production solutions aimed at helping with seismic processing and field development. Schlumberger on Wednesday said ti had renewed and significantly expanded its agreement with Google Cloud to develop cloud-native E&P applications. The oilfield services firm expects the agreement will... Continue Reading →

Offshore drilling contractor Pacific Drilling has posted a loss for the first quarter of 2019, but the CEO is optimistic about the signs of rising demand for hi-spec rigs. Pacific Drilling on Tuesday said its net loss for the quarter was $84 million, which is an improvement from a loss of $96 million in the... Continue Reading →