Brought to you by Quest Offshore & Southern Cone Consultants
Dec 02, 2019 The October pre-salt production increased by 4.6% over September, totaling 2.394 million barrels of oil equivalent per day (MMboe / d), with 1.905 million barrels per day (MMbbl / d) of oil and 77 , 6 million cubic meters per day (MMm3 / d) of natural gas. Compared to October 2018, the... Continue Reading →
U.S. engineering and construction services company McDermott has gained access to $350 million in financing under its super-priority senior secured credit facility, which sent its shares soaring on Monday. McDermott said on Monday it had been granted access to the second tranche (Tranche B) of the $1.7 billion super-priority senior secured credit facility announced on October 21,... Continue Reading →
The years-old trend that has seen offshore suppliers vie for work in wind by leveraging their offshore oil and gas credentials and development finance is being countered these days by wind players in search of oil and gas jobs, judging by some recent fleet owner moves. Dutch offshore fleet owner, Jan De Nul, was busy... Continue Reading →
Dec 2, 2019 The P-50 platform, which operates in the Albacora Leste field in the Campos Basin, will gain a digital twin. It is a virtual platform mockup, from which you can remotely apply ideas and actions with the potential to reduce costs and increase efficiency and safety in operations. Instead of working on the... Continue Reading →
In an update on Monday, Apache said that drilling operations on the Maka Central-1 well started in late September with an expected drill time of 30 to 60 days. This is Apache’s first of three committed wells in Block 58 offshore Suriname. The company said that, upon reaching a depth of approximately 6,200 meters, it... Continue Reading →
Colombia is seeking an additional payout of almost $1 billion from its oil company Ecopetrol S.A. as it faces increased spending pressure amid massive anti-government demonstrations. The finance ministry called a meeting of shareholders to discuss its proposal for the company to distribute 3.7 trillion pesos ($1.1 billion) in a special dividend. Since the Colombian... Continue Reading →
The U.S. solidified its status as an energy producer by posting the first full month as a net exporter of crude and petroleum products since government records began in 1949. The nation exported 89,000 barrels a day more than it imported in September, according to data from the Energy Information Administration Friday. While the U.S.... Continue Reading →
Nov 29, 2019 The National Agency of Petroleum, Natural Gas and Biofuels (ANP) approved the inclusion of another 173 exploration blocks and the Juruá field, as an area of marginal accumulation, in the Permanent Offer of areas that can be contracted by the concession model. - There will then be 740 blocks, 497 on land... Continue Reading →
Nov 29, 2019 DOF Subsea reported Thursday that it has begun operations of the Skandi Commander, Skandi Chieftain and Skandi Olympia support vessels for Petrobras in the third quarter of this year. The duration of the contracts is three years, with the option of extension for two more. The vessels are RSVs, equipped with two... Continue Reading →
Brazil’s state-controlled oil company Petroleo Brasileiro SA (PETR4.SA) has selected four groups for the second round of bidding for four refineries up for sale, including China’s Sinopec, Abu Dhabi’s state investor and two Brazilian firms, according to four people with knowledge of the matter. Sinopec, Abu Dhabi’s Mubadala Investment Co and Brazil’s Ultrapar Participações SA... Continue Reading →
