10/05/2019 Petrobras, following the announcement dated 04/09/2019, announces the beginning of the non-binding phase related to the sale of the entire shares of Liquigás Distribuidora S.A. At this stage of the project, stakeholders who have signed the Confidentiality Agreement will receive a detailed memorandum containing more detailed information about the assets in question, as... Continue Reading →

SBM Offshore expects to get new contracts in the country as of this year, after closing in 2018 a leniency agreement to close investigations into the company's involvement in a corruption scheme in the country. At the same time, with an eye on the transformations of the energy sector, the traditional Dutch supplier of oil... Continue Reading →

Russian oil producer Rosneft said on Monday its net income and oil production rose in the first quarter as it ramped up output at both mature and new fields and capitalized on favorable foreign currency rates. The Kremlin-controlled firm, headed by Igor Sechin, a close ally of President Vladimir Putin, also said Venezuela had continued... Continue Reading →

The production project provides for 10 wells, four of which are producers, four gas injectors and two other seawater injectors. Shell is planning to install a Floating, Production, Storage and Offloading (FPSO) type mooring anchorage in the area of ​​the exploratory block BM-S-54, where the discovery is known as Gato do Mato, in the pre-salt... Continue Reading →

Oilfield services provider Weatherford International Plc said on Friday it would file for Chapter 11 bankruptcy protection. The company said it will look to enter into two debtor-in-possession financing, including a revolving credit facility of up to $750 million provided by banks or other lenders, and a loan facility of up to $1 billion. (bit.ly/2VvvO5y)... Continue Reading →

Dutch shipbuilder and ship-repair specialist Damen and Brazil’s Wilson Sons Estaleiros have completed the conversion of the Fulmar platform supply vessel to a shallow dive support vessel ahead of its contract with Petrobras. According to Damen, the vessel, owned and operated by Wilson Sons UltraTug Offshore, also needed an upgrade from DP1 to DP2 Class... Continue Reading →

ION Geophysical, a Houston-based geoscience company, will expand its multi-client data through a new 2D multi-client reimaging program offshore Brazil. ION said on Tuesday that the first phase of the Farofa program covered acreage in the deepwater Campos basin that would be available for licensing this October in Brazil’s upcoming Round 16. The program will... Continue Reading →

Oil and gas exploration is back and deepwater sweet spots are attracting the most attention, energy intelligence group Wood Mackenzie’s industry survey has shown. According to Wood Mackenzie’s eleventh yearly oil and gas exploration survey, in which 259 senior energy leaders took part, the exploration industry optimism is back, profits have returned and the prospects... Continue Reading →

Bristow Group, a helicopter services provider for the offshore oil and gas industry, has voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. Announcing the filing on Saturday, May 11 Bristow said it intended to use the proceedings to restructure and strengthen its balance sheet and achieve... Continue Reading →