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Weatherford International saved an operator 27.5 hours of deepwater rig time with an Integrated Completion Solution it developed to install downhole equipment in the Santos Basin, offshore Brazil. “A deepwater challenge is the ultimate equation of time equals money and Weatherford saved this operator more than 27 hours of rig time,” said Brent Baumann, President,... Continue Reading →
Apr 15, 2020 The activities for the second phase of development of Equinor's Peregrino field, in the Campos Basin, were delayed by approximately two months, according to two sources with knowledge of the subject, in view of logistical difficulties related to the new coronavirus. Peregrino is Equinor's largest offshore operation outside Norway and currently produces... Continue Reading →
April 15, 2020, eDrilling, a supplier of AI, machine learning, and predictive analytics solutions to the oil and gas industry, has been awarded a contract by French oil major Total for its well construction planning technologies. eDrilling said on Wednesday that the solutions would be a part of the Total Drilling Engineering Software Kit (also... Continue Reading →
Apr 14, 2020 The resumption of operation of the platforms of the Polo Garoupa, in the Campos Basin, will depend on the result of the divestment operation of Petrobras, said managers of the state-owned company in a meeting with the Federation of Oil Workers (FUP), on Tuesday (14/4) . Since the end of March, Petrobras... Continue Reading →
Apr 15, 2020 The oil companies operating in Brazil disbursed, in 2019, approximately R $ 1.9 billion in research, development and innovation projects. Despite the amount being lower in comparison with the previous year (decrease of 4.5%), companies kicked off a large volume of projects that promise to bring many advances to the exploration and... Continue Reading →
In response to the COVID-19 pandemic and a significant decline in oil and gas demand and prices, Noble Energy is focusing on liquidity and balance sheet strength. With that in mind, Noble has further reduced its 2020 capex, executive team salaries, and implemented a furlough program for employees. “Recent events have had an unprecedented and... Continue Reading →
Brazilian offshore drilling services provider Ocyan has launched Ocyan Waves program, where start-ups can register and provide their solutions for Ocyan's internal challenges. Startups should seek innovative solutions to the challenges selected by Ocyan in the space of Intelligent Alarm Management System; Digital Twin of BOP (Subsea Blowout Preventer); Real-time BOP fluid analysis; Self-service in... Continue Reading →
Newly licensed offshore oil and gas exploration acreage is likely to fall by about 60% and onshore acreage by 30% compared with 2019 levels, Rystad Energy has said, as the Norwegian energy market analytics company expects more than half of the world’s planned licensing rounds to be canceled this year due to the combined effect... Continue Reading →
A Maersk Supply Service's offshore vessel was a target of an armed robbery in Mexico last weekend. Maersk Supply Service confirmed for Offshore Engineer that the incident occurred on Sunday, April 12 offshore Ciudad Del Carmen, Mexico. Armed robbers boarded Maersk Transporter, stole various items and left the vessel again, the company said in an... Continue Reading →
There have been 126 confirmed cases of the coronavirus among oil and gas workers in Brazil, including 74 people who were recently on offshore oil platforms, regulator ANP told Reuters on Tuesday, exposing an outbreak far worse than previously thought. The regulator said via email that as of Monday evening there were another 897 suspected... Continue Reading →
