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Dutch offshore services company Fugro has won three long-term contracts by Petrobras to provide remotely operated vehicle (ROV) services for a variety of subsea activities in Brazil. "All three contracts are for 3-year firm periods with additional 1-year options," Fugro said Wednesday. Fugro said the contracts were secured in partnership with offshore vessel owners Solstad... Continue Reading →
August 25, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the releases dated 07/27/2020 and 03/20/2020, informs that it made today the partial pre-payment of its revolving credit lines, in the amount of US$ 2.1 billion. With this prepayment, the company currently has available US$ 5.6 billion for new withdrawals on the revolving credit... Continue Reading →
Aug 25, 2020 Petrobras is going to the market to charter support vessels for its operations in offshore fields. The state-owned company recently launched three tenders, which are linked to each other, for chartering vessels used to combat oil spills (known by the acronym OSRV). The period for submission of proposals started this week, but... Continue Reading →
Robots and robotics have slowly been entering our lives, in various shapes and forms (and fictional characters), from self-driving household vacuum cleaners to highly automated manufacturing systems. Now they’re heading for the offshore world – in just as many shapes and forms. There could be a lot to gain from robotics, but platforms and offshore... Continue Reading →
The global heavy lift vessel market is a difficult place to be. Utilization for the fleet has remained depressingly low since the first oil and gas downturn in 2014, currently hovering around 33% for the global fleet with a lift capacity of over 800 tonnes, according to IHS Markit’s ConstructionVesselBase. Fixed platform installation work,... Continue Reading →
Offshore drilling contractor Valaris has received a notice of immediate suspension of trading and delisting of common stock from the New York Stock Exchange (NYSE). According to Valaris’ statement from Tuesday, on 19 August 2020, it was notified by the NYSE of its determination to indefinitely suspend trading of the company’s common stock and to... Continue Reading →
Cash strapped offshore accommodation provider Floatel expects a prolonged downturn in the offshore accommodation market, with no significant improvements expected before 2022. The company, which operates five semi-submersible accommodation rigs, said Tuesday that the coronavirus pandemic and low oil prices resulted in oil and gas firms announcing cuts in 2020 capital expenditure, negatively affecting the... Continue Reading →
Offshore drilling rig contractor Seadrill's ongoing attempt to restructure its massive debt could leave current shareholders with minimal or no ownership at all, the Oslo-listed company said on Tuesday. Demand for exploration and drilling has fallen further during the COVID-19 pandemic as oil firms seek to preserve cash, idling more rigs and leading to additional... Continue Reading →
Guyana has re-launched a search for a company to market the government's share of the crude produced at the offshore Liza project, operated by Exxon Mobil Corp, according to a notice published in the South American country's newspapers. President Irfaan Ali's government scrapped a previous, similar process initiated by Ali's predecessor shortly after taking office in August.... Continue Reading →
August 24, 2020 Petróleo Brasileiro S.A. - Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of all of its stakes in a set of twenty-six onshore and shallow water E&P concessions, located in the Potiguar Basin, in the state of Rio Grande do Norte, jointly called Potiguar Cluster.... Continue Reading →
