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Mar 4, 2020 Claudio MakarovskyThe executive Claudio Makarovsky left Siemens and will take over the Manufacturing Industries division of Microsoft. In the new role, he will be responsible for the area that serves companies that seek digitalization, including oil and gas. Makarovsky had been with Siemens for five years. Currently, the executive occupied the position... Continue Reading →
Offshore drilling contractor Vantage Drilling booked a loss in the last quarter of 2019 despite increase in revenues driven by higher utilization in both jack-up and deepwater segment. Vantage on Thursday reported a net loss attributable to controlling interest of $61.4 million for the three months ended December 31, 2019, as compared to a net... Continue Reading →
Brazil’s currency is weakening so quickly the central bank may soon be forced to set aside its free-market principles and sell dollar reserves to halt the slide. Market volatility is rising, by some measures back to where it was when the central bank last sold foreign exchange reserves in November, and some analysts say the... Continue Reading →
March 04, 2020 Petróleo Brasileiro S.A. - Petrobras informs that the Extraordinary General Meeting, held today, at 3:00 pm, in the auditorium of the Company's Headquarters, Avenida República do Chile, 65 - 1º floor , in the city of Rio de Janeiro (RJ), analyzed and approved, by majority vote, the following: Merger of Petrobras Negócios... Continue Reading →
Answers to six key questions regarding protection of offshore production innovations. Congratulations! You’ve just redesigned the subsea isolation valve control system (SSIV) that your company sells for use as part of an emergency shutdown system for an offshore production site. Your sales team is eager to show your SSIV to oil production companies, but you... Continue Reading →
Oilfield engineering and construction company Global E&C has said it has acquired 100% share capital in commissioning specialists Magma. Global E&C was formed in March 2019, following the majority acquisition of Apollo by Global Energy Group (GEG) and the subsequent amalgamation of GEG’s brownfield EPC business with Apollo’s brownfield modifications engineering team. Continue reading
Ocean Infinity, a marine robotics company, has completed its project with Total in Angola. The project was the first time that geophysical, geotechnical, and seismic data has been gathered at the same time, Ocean Infinity said in a statement on Wednesday. This was achieved through simultaneous operations of Ocean Infinity’s autonomous underwater vehicles (AUVs) with... Continue Reading →
Brazil's government is unlikely to auction the remaining production rights to the "transfer-of-rights" (TOR) offshore oil zone until 2021, Economy Ministry Subsecretary Waldery Rodrigues told Reuters on Friday. The TOR area is a prolific oil-producing region off the Brazilian coast. The government auctioned production rights to two of its subdivisions in November, but two others... Continue Reading →
Seismic services provider PGS is back in Brazil in 2020 with a Ramform Titan-class vessel to acquire the first GeoStreamer X MultiClient 3D seismic survey in the region. The Campos Deepwater GeoStreamer X project will deliver high-quality, long offset, multi-azimuth seismic data over the deepwater portion of northern Campos Basin and the first data will... Continue Reading →
Sandvik reports it has won the first large-scale stainless steel umbilical tube order in Brazil’s pre-salt Mero oilfield. Mero is an expansive pre-salt oilfield in the Santos Basin offshore Rio de Janeiro with immense oil production potential. The Mero oilfield is being managed by the Libra Consortium, made up of a partnership between Petrobras, Total,... Continue Reading →
