Norwegian seismic services provider Petroleum Geo-Services (PGS) returned to profit in the third quarter of the year from a loss in the corresponding quarter of 2018 as its revenues received a boost amid improving market environment. In its report for the third quarter of 2019, PGS on Thursday reported total revenues of $276.5 million, compared to... Continue Reading →
Wood appoints new CEO in the Americas
Wood is pleased to announce the appointment of Stephanie Cox as CEO of its Americas business, succeeding Andrew Stewart who has been appointed executive president of strategy and development for the global business. Responsible for the firm’s $4 billion, asset solutions business which employs around 20,000 people working across the U.S., Canada, Trinidad, Brazil, Mexico... Continue Reading →
ONGC Videsh in oil & gas discoveries in Brazil and Colombia
ONGC Videsh, international business of the Indian oil company ONGC, has announced two discoveries in Brazil and Colombia. The company on Wednesday said it had made a major gas discovery at the Moita Bonita-2 well in the deepwater block BM-SEAL-4, Brazil in the Sergipe Alagoas Basin. Petrobras as operator of BM-SEAL-4 consortium with ONGC Videsh,... Continue Reading →
SBM Offshore completes US$1.14 billion financing of Liza Unity
October 16, 2019 SBM Offshore is pleased to announce that it completed the project financing of FPSO Liza Unity for a total of US$1.14 billion. The project financing was secured by a consortium of nine international banks. The Company expects to draw the loan in full, phased over the construction period of the FPSO. The financing will... Continue Reading →
PETROBRAS LAUNCHES DRILL RIG TENDER
Oct 16, 2019 Petrobras launched, on Monday (14/10), a notice for the chartering of one or more rigs capable of operating between 2,400 m and 3,000 m water depths. Proposals are due to be delivered by November 11, and start-up is from January to March 2020. The announcement brings news about previous bids from Petrobras,... Continue Reading →
Petrobras postpones for two months submission of proposals for subsea engineering tenders
Oct 16, 2019 Petrobras postponed to December the submission of subsea proposals for the provision of engineering services, supplies, construction and installation (EPCI) for Mero 2 and Búzios V. Scheduled for October, the dates are set for the 9 and 30 of the last month of the year respectively. These are the only major tenders... Continue Reading →
Petrobras about expression of interest on E&P assets – Reconcavo Basin
Oct 15, 2019 Petrobras, following up on the release disclosed on 09/30/2019, reports that it has extended until 10/21/2019 the notification deadline for companies to express their interest on the sale of eight onshore exploratory blocks located in the Recôncavo Basin. There is no prejudice for the companies that have already expressed their interest. Continue... Continue Reading →
Explainer: Translating TOR (Transfer of Rights) – How Brazil’s $26 billion oil rights auction works
Brazil’s Senate passed the main text of a bill late on Tuesday defining the distribution of proceeds from a blockbuster auction of oil prospecting rights, a key milestone for the enormous offshore region known as TOR - the ‘transfer-of-rights’ area. The bidders who win exploration and production rights in the massive Nov. 6 auction will... Continue Reading →
Veolia to Equip Liza Unity FPSO
Veolia Water Technologies said its VWS Westgarth subsidiary has been awarded a multimillion dollar contract by SBM Offshore for the supply of a seawater treatment package for the Liza Unity floating production, storage and offloading unit (FPSO), to be deployed in the Stabroek block offshore Guyana. The award is for the design and procurement of... Continue Reading →
OSV Owners Waiting for Better Days in Brazil
With the resumption of oil and gas block tenders in Brazil, including highly valued pre-salt tenders, offshore support vessel (OSV) owners are expecting to get any vessels that are lying by without a contract to soon rejoin the market. However, the owners of the large number of Brazil flagged vessels that were built but did... Continue Reading →
