Brought to you by Quest Offshore & Southern Cone Consultants
In an Industry first, the provider of classification services to the offshore industry ABS partnered with Keppel Offshore & Marine (Keppel O&M) in developing the first two new build Drilling Rigs with Smart Notations. One of the rigs, which was delivered earlier this year for work in offshore Mexico, is already online with its performance... Continue Reading →
The oil markets were in turmoil on Monday after the weekend's attack on Saudi facilities, as refiners in top consumer Asia looked for alternative supplies, U.S. crude producers ramped up efforts to export crude and Saudi Arabia tried to secure refined products. Crude prices surged up to nearly 20% on Monday after Saudi Arabia, the... Continue Reading →
As war gives oil a jolt, BW Offshore — which earned revenues of $870 million in 2018 — is readying floating production storage and offloading vessel (FPSO) candidates for Brazil and the North Sea, just as its about-to-be-strengthened other half, BW Energy, prepares to “go public” in home market, Norway. Newly made Brazil operator, BW... Continue Reading →
September 17, 2019 The National Petroleum Agency (ANP) has registered Enauta, Murphy Oil, Petrogal, Petronas and Whintershall DEA in the 16th bidding round plus the same companies that participated in the 15th round, held last year. The auction will offer 36 blocks in seven sectors of five maritime sedimentary basins: Pernambuco-Paraíba, Jacuípe, Camamu-Almada, Campos and... Continue Reading →
September 17, 2019 The ANP published the announcement and the models of production sharing contract of the 6th Round of Production Sharing Bids, scheduled to be held on November 7. The documents went through public consultation and hearing, at which the Agency received 410 contributions. The 6th Production Sharing Bidding Round will offer 4 blocks... Continue Reading →
September 16, 2019 Petróleo Brasileiro S.A. - Petrobras informs that, due to the latest events in Saudi Arabia, it will carry on with its international market monitoring process. The company points out that, according to its current pricing practices, there is no pre-defined frequency for applying adjustments. Recognizing that the oil market is volatile and... Continue Reading →
The UK Competition and Markets Authority will refer the proposed merger between Prosafe and Floatel to Phase 2, after the first phase raised competition concerns. The proposed combination would create the world’s largest owner of semi-submersible accommodation rigs. The UK CMA said that – after completing its initial Phase 1 investigation – it was concerned... Continue Reading →
Baker Hughes, a GE company announced today the closing of a secondary offering of 132.25 million shares of BHGE Class A common stock, par value $0.0001 per share at a price to the public of $21.50 per share. This closing includes the underwriters’ exercise of their option in full, purchasing an additional 17.25 million shares... Continue Reading →
The value of natural gas lost to flaring across the globe reached $16.4 billion in 2018, as flared natural gas volumes hit record highs, according to a recent report by Brainnwave. The data intelligence firm – which collects the flaring data using night-time satellite imagery from visible infrared radiometer data – reported that the volume... Continue Reading →
September 16, 2019 Brazil has a unique opportunity: combining the development of its oil potential with a long-term strategy for resuming economic growth. To this end, it is essential to establish the guidelines of its petroleum policy, improving rules and regulatory instruments, in order to explore the technological challenges associated with offshore exploration, with the... Continue Reading →
