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Norway-based seismic specialists TGS and PGS ASA said Monday they had agreed on the principal terms of a merger of TGS and PGS "to create a strong full-service energy data company." The transaction is expected to be completed as a statutory merger pursuant to Norwegian corporate law, with merger consideration to PGS shareholders in the form... Continue Reading →
Norway’s DOF Group has won three new service contracts with Brazilian state-owned oil and gas giant Petrobras that are worth more than $260 million. The contracts include survey and inspection work and will see at least three vessels used to perform flexible pipeline, risers and subsea equipment inspection in Campos Basin, Santos Basin, and Espírito Santos... Continue Reading →
SBM Offshore and Mitsubishi Heavy Industries Ltd. (MHI) are pleased to announce the signing of a Partnership Agreement that will offer a CO2 capture solution for Floating Production Storage and Offloading vessels (FPSO) as they are producing oil and gas from offshore reservoirs. The agreement follows a successful engineering and design study between the companies... Continue Reading →
(OET) Brazilian state-owned oil and gas giant Petrobras has notched new emissions reduction milestones, thanks to two of its giant fields in the pre-salt of the Santos Basin recording emissions below the world average last year while its carbon capture utilisation and storage (CCUS) efforts paid off, enabling it to get ranked as the largest in... Continue Reading →
(OE) Offshore drilling company Transocean said Thursday it had secured a three-year contract for the newbuild ultra-deepwater drillship Deepwater Aquila with "a national oil company" for work offshore Brazil. The contract is expected to start in the third quarter of 2024 and represents about $486 million in firm backlog, excluding a mobilization fee of approximately 90 times... Continue Reading →
(PN) Petrobrás in final preparations to begin operating its newest platform, the FPSO Sepetiba. The unit arrived in Brazil last weekend and is expected to begin production in the Mero field, in the Santos Basin, during the fourth quarter of this year. The FPSO will have the capacity to produce up to 180 thousand barrels... Continue Reading →
(OE) Valaris announced new drilling contracts worth $65 million in total, excluding lump sum payments such as mobilization fees and capital reimbursements. These contracts were awarded after the company issued its most recent fleet status report on August 1, 2023. Contract backlog Valaris secured a one-well contract with BP offshore Brazil for drillship VALARIS DS-15.... Continue Reading →
Italian oilfield services provider Saipem has taken delivery of a recently chartered seventh-generation drillship, which is expected to work for Eni off Ivory Coast in West Africa, following a deal worth $400 million. Saipem entered into a three-year firm bareboat charter agreement with Deep Value Driller for the Deep Value Driller drillship. This contract may be extended by up... Continue Reading →
(Bloomberg) An oil tanker carrying Russian crude is now approaching the coastline of Brazil after 16 days of journey from a terminal in the Arctic sea. The Aframax-class tanker Stratos Aurora is now about 500 miles from the Latin American country’s waters, according to ship tracking data compiled by Bloomberg. It loaded about 650,000 barrels... Continue Reading →
(OE) Norwegian offshore vessel owner DOF has completed the sale of the Skandi Neptune construction support vessel. DOF had agreed to sell the 2001-built vessel to an unnamed "international buyer," in September 2021. It, at the time, said the 104.2 meter-long vessel, would be delivered to the new owner "after completing its current commitments." The vessel, at... Continue Reading →
Brazil Energy Insight 