Police in Rio de Janeiro arrested 43 people on Thursday for allegedly taking part in a murderous gang that extorted companies providing services to state-run oil company Petrobras and established a secret cemetery where it disposed of rivals. The arrests underline the growing power of militias in and around South America’s third largest city, comprised... Continue Reading →
BP says some of its oil won’t see the light of day
Oil companies are under increasing pressure to bring fuel to market faster and cheaper, leading BP to conclude some of its resources “won’t see the light of day,” according to its head of strategy. Some of the “more complicated to extract” resources in the British oil major’s portfolio may have to be sold or stay... Continue Reading →
Trelleborg awarded major contract in Mexico
Trelleborg’s offshore operation has been awarded a major multi-million-dollar contract by Mexican state-owned petroleum company, Pemex, for Elastopipe. This will be installed on board the Abkatun A complex in the Bay of Campeche in the Gulf of Mexico. Continue reading
Prosafe takes delivery of Safe Eurus flotel bound for Brazil
Offshore accommodation rigs operator Prosafe has taken delivery of its newbuild unit Safe Eurus from a shipyard in China. Built by China’s COSCO, the Safe Eurus is an advanced and flexible accommodation rig for worldwide operations, excluding Norway. Prosafe said on Thursday that the Safe Eurus will shortly begin mobilization to Brazil to start its... Continue Reading →
Subsea works at Gato do Mato progressing – Shell
July 3, 2019 Shell is expected to receive pre-FEED (pre-pre-detail engineering) pre-FEED (Risers, Umbilicals and Flowlines Submarine) and SPS (Underwater Production System) pre-FEED for the Gato do Mato project in the pre- of the Santos Basin. The oil company passed the suppliers two scenarios, one with three wells and one with four wells. The scope... Continue Reading →
Campo de Búzios production reaching Sapinhoá
July 3, 2019 After overtaking Jubarte, the Búzios field now closes in on Sapinhoá, which is the second largest oil and gas producer in the country. According to data from the ANP, Búzios produced 281,290 thousand boed in May, compared to 312,980 thousand boed extracted in Sapinhoá. The difference may seem great, but it can... Continue Reading →
Karoon and Constellation negotiate drill ship – Peru
July 3, 2019 Constellation may agree to a new drill ship charter contract for overseas operation. The Brazilian group is negotiating with Karoon to hire equipment to carry out an exploratory campaign on the Z-38 block in the Tumbes basin in Peru. The Karoon campaign on assets acquired in 2008 is scheduled to begin in... Continue Reading →
Petrobras announces public offering of shares of Petrobras Distribuidora
July 3, 2019 Petrobras announced the notice to the market and the preliminary prospectus of the public offer of secondary distribution of common shares issued by Petrobras Distribuidora S.A. (BR) and owned by Petrobras. The operation follows the terms of CVM Instruction No. 400/2003, CVM Instruction 471/2008 and the Code of Agreed Activities of ANBIMA... Continue Reading →
The offshore rig market should love China’s energy independence policy – Bassoe
With nearly 60 offshore rigs, China is doing everything it can to boost oil and gas production. And the country’s energy independence policy is keeping rig supply out of the global market. Sudden demand from a wide range of places has driven up offshore rig utilization. Continue reading
EnscoRowan Changes its Name to Valaris
UK-based offshore drilling contractor EnscoRowan announced that it will change its name to Valaris, effective July 31, 2019. The London-headquartered firm said in a stock exchange announcement that its ordinary shares will trade under the new ticker symbol VAL following its name change. Continue reading
