Brought to you by Quest Offshore & Southern Cone Consultants
General Electric is looking to raise up to $3 billion in sale of majority-owned Baker Hughes shares, resulting in a reduction of the U.S industrial conglomerate's stake in the oilfield services provider to less than 50%, Baker Hughes said on Tuesday. Shares of Baker Hughes, in which GE owned an about 50.4% stake as of... Continue Reading →
Sep 11, 2019 The projections for the future are encouraging for CHC. The company, which in Brazil provides services to Petrobras, Shell, Equinor and Enauta, is looking forward to the national oil and gas market, according to CHC Latin America Regional Director Carlos Madaleno. “We expect demand to increase in the region due to potential... Continue Reading →
September 12, 2019 With the acquisition of three new concessions in the Sergipe-Alagoas Basin, in the permanent offer of the National Petroleum Agency (ANP), this week, ExxonMobil consolidates its presence in Brazil's most promising exploration and production frontier since the discovery of pre-salt. The American-led consortium, along with Enauta and Murphy Oil, is expected to... Continue Reading →
Sept 11, 2019 Maha Energy announced changes in its command. The company is reorganizing its board, which will have part of the team focused on the development of production assets in Brazil and another on the development of new business. Alan Johnson will be Vice President of Operations. He has over 25 years of experience... Continue Reading →
Olis Robotics has entered into an agreement with Forum Energy Technologies for global sales, distribution and support of its ROV controllers. The Olis Master Controller (OMC) is said to be a next-generation controller for piloting remotely operated vehicles (ROVs) in the offshore energy industry. Continue reading
Viper Innovations said it has taken the decision to sell its subsea hydraulic distribution portfolio of products, including the V-LOCK range of stabplates, to OneSubsea, a Schlumberger company. The company said the decision was made as it plans to focus on its subsea electrical integrity products and assurance services. Continue reading
Norwegian offshore vessel owner Solstad Offshore has been awarded contract extensions for two of its anchor handlers in Brazil. Solstad said on Thursday that Petrobras had declared its options to extend the contracts for the two AHTS vessels, Far Scout and Far Santana, with one year. Both contracts are then firm to the third quarter... Continue Reading →
Houston-based Talos Energy has received a two-year contract term extension as well as regulatory approvals for additional exploration activities on Block 7, located in the offshore portion of Mexico’s prolific Sureste Basin. On September 4, 2019, the National Hydrocarbons Commission of Mexico (CNH) granted a two-year term extension under the Consortium’s production sharing contract for... Continue Reading →
Lower oil prices will push the global service market into a recession in 2020 after three successive years of growth, according to Norwegian intelligence firm Rystad Energy. In a new sector outlook update, Audun Martinsen, head of oilfield services research at Rystad Energy, forecasts a 4% decline in global oilfield service revenue if oil prices... Continue Reading →
September 11, 2019 Petróleo Brasileiro S.A. - Petrobras informs that it was notified by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) on the approval of the Production Individualization Agreement of Atapu and Sépia accumulations, located in the Santos Basin. The Agreement is celebrated in situations where the reservoirs extend beyond the areas... Continue Reading →
