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The offshore industry is going through an unprecedented digital disruption that transcends asset classes and is creating a roadmap to safer and more cost-effective operations. The current face of that transition is the ‘digital twin’, a virtual replica of physical assets, processes and systems that ultimately will be used by owners to predict failures before... Continue Reading →
Mexican state-owned oil and gas company Pemex will receive a contribution equivalent to $5 billion from the country’s government to repay and refinance debt. Pemex announced on Wednesday a series of measures intended to improve its financial condition. This operation considers a capital contribution from the Federal Government equivalent to $5 billion to be used... Continue Reading →
This month’s QOWTI (Quest Offshore Turbine Index) shows 11,087 turbines, representing a Global CapEx of $296 billion in the Total Addressable Market (TAM)*. Offshore Fixed Wind ongoing projects incorporate 9,517 turbines, while Floating Wind projects stand at 1,570 turbines. September 2019 QOWTI shows an average CapEx/unit of $26.1 million for fixed turbines and $30.3 million... Continue Reading →
September 11, 2019 The National Petroleum Agency (ANP) has tendered 45 assets, including exploratory blocks and inactive areas with marginal accumulations, in the first test of the permanent offer - new auction model, conceived by the regulator as a kind of on demand bidding of areas of oil and gas. The round raised R$ 22.3... Continue Reading →
Sept 10, 2019 Weatherford announced the signing of an $87 million contract for fishing and intervention services with Petrobras. The four-year agreement represents the largest fishing contract ever signed by Weatherford. It also constitutes the largest single global award for this scope in the recent past. "Weatherford is the global leader for fishing and intervention... Continue Reading →
Shearwater GeoServices has been awarded a large survey to be acquired in South America, starting in the fourth quarter of 2019. This is Shearwater’s third contract in as many days. The six-month project covers approximately 8,500 sq. km and will be acquired by the Amazon Warrior vessel, using 14-streamers and Flexisource triple source. The Amazon... Continue Reading →
Oil major ExxonMobil has won three offshore exploration blocks in the Sergipe-Alagoas basin as part of Brazil’s first permanent bidding round. s part of the first cycle of the permanent round, the country’s regulator, the National Agency of Petroleum, Natural Gas and Biofuels (ANP), auctioned 33 blocks in the Sergipe-Alagoas, Parnaíba, Potiguar and Recôncavo basins,... Continue Reading →
September 10, 2019 Petróleo Brasileiro S.A. - Petrobras, following up on the release dated 03/08/2019, reports that it has concluded today the sale of its 70% interest in the Maromba field, located in shallow waters in the Campos Basin, to BW Offshore Production do Brasil Ltda. (“BWO”). The transaction was completed with the payment of... Continue Reading →
Siemens plans to list its energy unit by around September next year, the head of its gas and power division said on Tuesday. The new energy company will include all of Siemens' oil and gas business, as well as power generation and renewable energy all the way through transmission assets. Continue reading
Worley has entered into a 50:50 joint venture with Enaval, a company with over 20 years’ experience providing engineering, construction, installation, commissioning, maintenance and modifications to the oil and gas industry in Brazil. The new joint venture, combining Worley’s global engineering and brownfield capabilities with Enaval’s fabrication services and facilities, will provide world-class brownfield engineering,... Continue Reading →
