Brought to you by Quest Offshore & Southern Cone Consultants
Offshore drilling company Vantage Drilling International saw its net loss deepen in the first quarter of 2019. The company on Thursday reported a net loss attributable to controlling interest of $47.9 million for the first quarter 2019, compared to a net loss attributable to controlling interest of $32.1 million in the first quarter of 2018.... Continue Reading →
The international oil & gas advisory and classification society DNV GL has developed an algorithm that reduces the risk of offshore floating vessel mooring line failure going undetected. DNV GL said that the solution entailed replacing physical sensors with a machine learning algorithm that accurately predicts line failure in real time. The company’s Smart Mooring... Continue Reading →
05/09/2019 The deep water discoveries and the long-term test forecast for 2019 in the Farfan area of the Sergipe Basin were highlighted in a teleconference with investors about the company's results in the first quarter. The Director of Exploration and Production, Carlos Alberto Pereira de Oliveira, highlighted the latest discoveries in the region and... Continue Reading →
5/9/2019 Petrobras will sign, by the end of May, three new contracts for chartering of Maintenance and Security Units (MSUs), reinforcing its offshore fleet. Two will sign with Prosafe and OOS International, which presented the lowest daily rates for Safe Eurus (US $ 73.1 thousand) and OOS Tiradentes (US $ 79.6 thousand), respectively, and... Continue Reading →
5/9/2019 In line with the government's proposal to reduce the state monopoly in the gas sector, Petrobras decided to put up for sale the remaining stake in the country's two main gas pipelines, whose control was recently transferred to private partners. The state-owned company has stakes of 10% in NTS and TAG, which control the... Continue Reading →
GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador reports its consolidated financial results for the three-month period ended March 31, 2019 (“First Quarter” or “1Q2019”). A conference call to discuss... Continue Reading →
05/08/2019 Colombian oil company looks at next rounds of bids in Brazil, where it has been expanding its portfolio Ecopetrol acquired 10 thousand km² of 3D seismic and 2 thousand km of 2D seismic to evaluate the exploratory potential of the blocks that will be offered in the 6th production sharing auction and in the... Continue Reading →
05/08/2019 Bidders to the contract to decommission the platforms of the Cação field seek vessels with shipowners The decommissioning market for offshore platforms in Brazil begins to tinker with the maritime support segment. Bidders to the contract to withdraw fixed platforms from the Cação field in the Campos Basin are seeking PSVs, FSVs (personal transport)... Continue Reading →
May 9, 2019 Company to accelerate ramp-up of new production systems in the Santos Basin pre-salt Petrobras will maintain its annual production target of 2.8 million boed in 2019, despite the drop recorded in the first quarter, oil company E & P director Carlos Aberto Oliveira said last Wednesday (8/5). The executive anticipated that, in... Continue Reading →
05/08/19 Chinese oil company CNOOC wants to expand production in Brazil and is considering participating in a bidding round of Brazilian oil and gas areas scheduled for this year, said the president of the Brazilian unit of the company, Sheng Jianbo. In addition to the pre-salt oil auction, on November 7, Brazil plans to hold... Continue Reading →
Brazil Energy Insight 