Brought to you by Quest Offshore & Southern Cone Consultants
September 10, 2019 The ANP promoted this Tuesday (10) the first auction of areas selected for permanent supply of blocks and fields with marginal accumulations of oil and natural gas. The auction ends with 12 fields with marginal accumulations contracted onshore. Imetame, Brazil Refineries, Petro Global, Creative Energy, Great Energy, Petro Victory and Perícia purchased... Continue Reading →
DOF Subsea has equipped a further three of its Brazilian offshore vessel fleet with hybrid acoustic and inertial navigation technology from Sonardyne Brasil. Sonardyne’s SPRINT-Nav all-in-one subsea navigation instruments are now supporting five Forum Energy Technologies (FET) remotely operated vehicles (ROV) on board the three vessels. Continue reading
Sept 120, 2019 The National Agency of Petroleum, Natural Gas and Biofuels (ANP) inaugurates a new type of auction, the permanent offer, which will function as a kind of offer on demand of oil and gas areas for oil companies. The first test of this new model will offer, 273 exploratory blocks and 14 inactive... Continue Reading →
Sept 9, 2019 Açu Petróleo (a joint venture between Prumo Logística and Oiltanking) and Petrogal reaffirmed their partnership and renewed by 2023 the contract for oil transhipment at the Porto do Açu Terminal, in São João da Barra (RJ). With the new contract, the forecast is that the oil company, which has been a client... Continue Reading →
Leading energy companies ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) are no strangers to the merger-and-acquisition market. Both have made big splashes over the years, which has enabled them to grow to their current size. While they haven't completed a notable acquisition in a few years, they're looking for their next deal. That was evident... Continue Reading →
OPEC and its allies have been using the wrong target for draining excess stockpiles. As a result, they may have to consider longer and deeper cuts. A meeting of ministers from OPEC states and their oil-producing allies will take place in Abu Dhabi this week. It will probably be a subdued affair. Oil prices remain stubbornly low despite big... Continue Reading →
UK subsea engineering and construction services company Subsea 7 has informed that Jean Cahuzac will retire from his position as CEO at the end of this year. Cahuzac will be succeeded from January 1, 2020, by John Evans, who is currently COO, Subsea 7 said on Tuesday. Continue reading
French tubular solutions supplier Vallourec has been awarded a contract by Abu Dhabi National Oil Company (ADNOC) for the supply of tubing and casing, over a five year period, with a possible two-year extension, for an amount of $900 million. Tubing and casing will be supplied from Vallourec’s mills in Europe, South America and China.... Continue Reading →
Sept 9/2019 Petrobras (NYSE: PBR) announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), has commenced two concurrent liability management transactions to purchase or exchange, as applicable, seven series of PGF’s outstanding notes (the “Offers”). The Offers will expire at 5:00 p.m. (New York City time) on September 13, 2019 (such date and time... Continue Reading →
Sept 9, 201 The year 2021 will mark the peak demand for offshore well services in the production development phase within the next five years, according to ANP data. It is estimated that 111 wells will be drilled, while 135 will have to be completed, 49 razed and abandoned and another 29 will need to... Continue Reading →
