Norwegian offshore vessel owners Solstad Farstad on Tuesday announced it had changed its name to Solstad Offshore ASA. The company will be listed on Oslo Stock Exchange with the new name Solstad Offshore ASA from October 3rd, 2018. ISIN number, instrument ID and ticker code remain unchanged. The name Solstad Farstad had been selected following the... Continue Reading →
OOS International’s new SSCV undocked from Chinese dry dock
OOS International’s newbuild semi-submersible heavy lift crane vessel (SSCV) OOS Serooskerke was undocked from China Merchants Heavy Industry (CMHI) dry dock on September 27, 2018. Once complete in the second quarter of 2019, the vessel will be ready to enter the market and able to accomplish decommissioning and other heavy lift operations worldwide. It will... Continue Reading →
Deep-water feeding frenzy in South America
Brazil and Guyana lead enthusiasm in continent’s deep waters Good reservoir quality and improved upstream terms have combined with cost declines and firmer oil prices to spark enthusiasm for deep offshore oil exploration in South America. Analysts say that while the stars of the show remain Brazil and the growing Guyana offshore province, opportunities are... Continue Reading →
Brazil’s far-right candidate Bolsonaro increases election lead: poll
Brazil’s far-right presidential candidate Jair Bolsonaro has a 10-point lead over leftist Workers Party candidate Fernando Haddad, and would tie in a second-round runoff against him next month, an opinion poll showed on Monday. Read more
Brazil judge releases damaging Workers Party testimony days before vote
A judge released fresh testimony on Monday alleging corrupt practices involving members of Brazil’s leftist Workers Party (PT), whose candidate Fernando Haddad faces far-right lawmaker Jair Bolsonaro in this month’s presidential election. Read more
New regulation on decommissioning enters final stretch and mobilizes industry
October 2, 2018 There is a joke among oil and gas engineers that there are three things you can not avoid in life: death, taxes, and decommissioning. On the eve of the resolution of the ANP that disciplines the deactivation of oil and gas production systems enter into public consultation, industry and government move to... Continue Reading →
Auction consolidates Shell’s position in Brazil
10/1/18 Shell Brasil president André Araujo said that the results of the 5th Round of the pre-salt reinforces the company’s interest and definitively consolidates the company's participation in the oil and gas sector in Brazil. "It's one more step [of Shell] to believe in the country and I think this was the result of strong... Continue Reading →
Ecopetrol is the first Latin American oil company to enter as a partner in the pre-salt
10/1/18 Colombian Ecopetrol was the first company in Latin America to join as a partner in an area in the Brazilian pre-salt. The company integrated with 20% the consortium that will have BP as operator (50%) and Chinese CNOOC with 30%. "For Ecopetrol the importance [of this auction] is to enter the most important offshore... Continue Reading →
Former CEO of SBM Offshore gets jail time for paying bribes
SBM Offshore’s former CEO Tony Mace has been sentenced to three years in prison for his involvement in an international bribery conspiracy. Mace, a UK-citizen, who left the CEO position of the FPSO supplier SBM Offshore back in December 2011, was sentenced to 36 months in jail and a fine of $150,000. Read more
Wintershall and DEA Unite
BASF and LetterOne have signed a definitive transaction agreement to merge their respective oil and gas businesses Wintershall and DEA in a joint venture, which will operate under the name Wintershall DEA. “With Wintershall DEA we create the leading independent European exploration and production company with international operations in core regions. By combining the two German-based... Continue Reading →
