Brought to you by Quest Offshore & Southern Cone Consultants
McDermott International has received offers to sell its Lummus Technology business. The oilfield services company said the valuation of the tech business exceeded $2.5 billion. “Based on the receipt of these approaches, McDermott is exploring strategic alternatives to unlock the value of Lummus Technology while maintaining the strategic rationale of engineering, procurement and construction (EPC)... Continue Reading →
September 20, 2019 Petróleo Brasileiro S.A. – Petrobras, following up on the release dated 07/25/2019, reports the beginning of the binding phase regarding the sale of its interest in four onshore exploration and production concessions, located in the state of Bahia, jointly called Tucano Sul Cluster. Qualified parties for this phase will receive a process... Continue Reading →
September 20, 2019 In November 2010, Exxon Mobil Corp. sent workers to a rig off the coast of Brazil, hoping to find oil in one of the most anticipated drilling programs in the energy sector. About 2,300 meters below the surface, they drilled the seabed, drilling more than 3 kilometers over almost two months before... Continue Reading →
As previously reported, Petrobras (PBR) was trying to sell drillship Vitoria 10000 via an auction. Vitoria 10000 is a drillship of a Samsung 10000 design built in 2010, which is currently warm stacked in Brazil. The minimum price for the rig was set at $47.5 million. Bassoe Offshore has just reported that the auction closed... Continue Reading →
Halliburton Company (NYSE: HAL) celebrates its 100th anniversary this year, including more than 60 years of service in Argentina. Since its operations began in the country in 1956, Halliburton Argentina has led local oil and gas industry development by introducing new techniques and technology to the region. This monumental milestone is a testament to the... Continue Reading →
Oilfield services provider Petrofac has sold its remaining 51 percent stake in Mexican operations to Perenco. Petrofac said on Thursday that it had signed an agreement to sell its remaining interest in its Mexican operations to Perenco. Continue reading
Sept 18, 2019 PetroRio plans to decommission the Polvo field between 2031 and 2032, 15 years after the estimate considered when it took over the project in 2014. The information is from the operator's Integrity engineer, Pablo Bartholo. The extension of the asset life in the Campos Basin will be possible thanks to a series... Continue Reading →
Sept 18, 2019 Wilson Sons Rebocadores and Wilson Sons Agência participated in the operation of departure of platform P-68 of Jurong Aracruz Shipyard, in Espírito Santo, to the fields of Berbigão and Sururu, in the Santos Basin pre-salt. The FPSO has a processing capacity of 150,000 barrels / day of oil and 6 million... Continue Reading →
September 18, 2019 Petróleo Brasileiro S.A. - Petrobras informs that today the Administrative Board of Tax Appeals (CARF) issued a favorable decision on a tax administrative process regarding the moment of the deduction of expenses incurred by Petrobras with oil and gas production development, for purposes of Corporate Income Tax (IRPJ) and the Social Contribution... Continue Reading →
Following a drone attack on the world’s largest oil processing facility owned by state-run Saudi Aramco, Rystad Energy, an energy intelligence group, has warned the market not to get too excited and remain cautious about the oil giant’s promise to quickly return to pre-attack production levels. The attack on Saudi Aramco’s Abqaiq and Khurais facilities... Continue Reading →
