FutureOn Secures Investment from the Bentley Acceleration Fund for Oil & Gas Digitalization

(BUSINESS WIRE)--FutureOn, the fast-growing Norwegian software company that works with an expanding portfolio of global energy companies, announced today that it has secured an investment from the Bentley Acceleration Fund and established a strategic partnership with US-based Bentley Systems to accelerate the digitalization of the oil and gas industry. FutureOn and Bentley Systems (Nasdaq: BSY),... Continue Reading →

October 20, 2020 0

At 22,000 barrels per day in August, oil production under sharing contracts falls 24% compared to July

Sharing contract oil production was 22,000 barrels / day (bpd) in August, 24% less than in July. The drop is a reflection of the 27-day scheduled stoppage in production at the Mero Development Area for the execution of the 8-inch line disconnection operations. The downturn in Mero production has been occurring since April, as planned... Continue Reading →

October 19, 2020 0

NEW BIDDING FOR PARQUE DAS BALEIAS FPSO BEGINS TODAY, WITH ENVELOPES OPENING IN MARCH

After announcing the postponement of the Parque das Baleias Integrated Project for about a year, Petrobras will begin this Monday afternoon the new bidding process for contracting the enterprise's FPSO. The start of delivery of proposals for construction and chartering of the vessel will begin today at 14:00 hours. The calendar foresees that the opening... Continue Reading →

October 19, 2020 0

Entry and permanence of foreigners on vessels and platforms has changed rules

The National Immigration Council published a text that updates Normative Resolution 6, aimed at regulating seafarers and other foreigners on vessels. The rules have not changed since the Migration Law came into force in 2017. “These are significant changes that amplify and clarify common doubts of companies that work with vessels and offshore platforms. In... Continue Reading →

October 19, 2020 0

Halliburton Posts Fourth Straight Quarterly Loss

Halliburton Co posted its fourth-straight quarterly loss on Monday, as the world's second-largest oilfield services provider struggles with a plunge in demand and lower oil prices. Even though oil prices have recouped some of their losses from the historic lows of March and April, fresh lockdowns in some parts of the world due to a... Continue Reading →

October 19, 2020 0

Petrobras delays Parque das Baleias project to 2024

Brazilian oil major Petrobras has postponed the Parque das Baleias integrated project in the Campos basin by about one year. Petrobras said last Friday that it also cancelled the FPSO charter bidding, granting the start of a new bidding process. The operator, citing the economic context of COVID-19 in its decision, now expects first oil... Continue Reading →

October 19, 2020 0

Schlumberger Reports Third Straight Quarterly Loss

Top oilfield services provider Schlumberger NV on Friday posted its third straight quarterly loss as this year's prolonged slump in oil prices due to the COVID-19 pandemic compelled its major energy customers to shun drilling. The company kicked off earnings from hard-hit U.S. oilfield service providers and come as the reintroduction of lockdowns in some... Continue Reading →

October 16, 2020 0

Petrobras on platform bidding

Petróleo Brasileiro S.A. – Petrobras informs that, given the economic context of the COVID-19 scenario, it postponed the Integrated Project of Parque das Baleias by about one year, with the start of operation and first oil to 2024, but preserving the scope of the project that foresees the relocation of wells between platforms in operation... Continue Reading →

October 16, 2020 0

Weatherford in “industry’s first” with Gulf of Mexico casing sidetrack

U.S. oilfield services player Weatherford has achieved the industry’s first 12 ¼-inch casing sidetrack for an undisclosed operator. Weatherford said that the casing sidetrack was achieved using the Shallow Angle QuickCut system and that it delivered a 22-feet window in a single trip for an ultra-deepwater well in the Gulf of Mexico. Chip Miller, VP... Continue Reading →

October 16, 2020 0

Oil Traders See Slow Demand Recovery

Top global oil traders Vitol, Trafigura and Gunvor said on Thursday they saw slow oil demand recovery because of a second coronavirus wave with oil prices rising to or above $50 per barrel only by October next year. Benchmark Brent crude futures traded down 1.6% to $42.62 a barrel at 0905 GMT on Thursday as... Continue Reading →

October 16, 2020 0

Brazil Energy Insight

FutureOn Secures Investment from the Bentley Acceleration Fund for Oil & Gas Digitalization

At 22,000 barrels per day in August, oil production under sharing contracts falls 24% compared to July

NEW BIDDING FOR PARQUE DAS BALEIAS FPSO BEGINS TODAY, WITH ENVELOPES OPENING IN MARCH

Entry and permanence of foreigners on vessels and platforms has changed rules

Halliburton Posts Fourth Straight Quarterly Loss

Petrobras delays Parque das Baleias project to 2024

Schlumberger Reports Third Straight Quarterly Loss

Petrobras on platform bidding

Weatherford in “industry’s first” with Gulf of Mexico casing sidetrack

Oil Traders See Slow Demand Recovery

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