Brought to you by Quest Offshore & Southern Cone Consultants
(OE) Boards of directors of the Norwegian seismic data companies PGS and TGS have unanimously approved and decided upon a definitive merger agreement of the two firms, in line with the terms announced in September.The merger is to be structured as a statutory, triangular merger between TGS Newco AS, a newly established wholly owned subsidiary of... Continue Reading →
(OM) Huisman has released a new range of knuckle boom cranes for offshore subsea construction. Models range from 85 metric tons up to 350 mt and cover set-ups with a winch below deck and on the back of the crane. All are suited to installations in up to 3,000 m water depth, with deeper water... Continue Reading →
Petrobras announced that FPSO Almirante Barroso, installed in the Buzios field, reached its peak production of 150 thousand barrels of oil per day. The result represents another record for Petrobras' list, as the feat was achieved in 146 days (less than five months). The oil company's previous record had been set by FPSO P-76, which... Continue Reading →
(S&P) General Electric Co. executives said the company's offshore wind business expects to record a roughly $1 billion loss for 2023, though its onshore wind segment turned a profit in the third quarter thanks to a nearly 40% increase in North American equipment orders. "Next year, we expect offshore will have similar losses, but substantially... Continue Reading →
(epbr) Petrobras considers that it will be important to adopt qualification criteria in the auctions of areas for the installation of offshore wind farms and thus prevent the entry of companies that do not intend to carry out the projects. “It is important to have objective criteria that separate adventurers from serious investors”, stated the... Continue Reading →
(Reuters) Suriname offered late Monday to exchange $675 million of dollar bonds for new notes, the next step in negotiations after reaching a deal with its bondholders in May. The government offered holders of debt due in 2023 and 2026 to swap their notes for a new 10-year bond due July 15, 2033, with an annual interest rate... Continue Reading →
(OM) Westwood Global Energy Group expects longer durations for offshore drilling rigs over the next year as rig availability continues to tighten. According to Teresa Wilkie, director of Westwood’s RigLogix service, 10-year tenders have been issued for two drillships for campaigns starting in early 2025. Marketed use of sixth to eighth generation assets is already at... Continue Reading →
Colombia hopes to launch its first-ever tender to license offshore wind blocks in December, Minister of Mines and Energy Andres Camacho said on Tuesday, adding that the ministry was analyzing more than 50 comments on a draft of the rules. In July, the ministry - then led by ex-Minister Irene Velez - said in a statement that tender documents... Continue Reading →
(Reuters) - Colombia's oil and gas industry is not coming to an end due to the transition to cleaner energy, Ecopetrol (ECO.CN) CEO Ricardo Roa said on Tuesday, in response to a union statement which alleged executive decision-making is threatening the majority state-owned company's future. The government of President Gustavo Petro, Colombia's first leftist leader, has set... Continue Reading →
(Reuters) - A capital reserve set to be created by Brazilian state-run oil giant Petrobras (PETR4.SA) will be used solely to pay dividends, the firm's Chief Financial Officer Sergio Caetano told Reuters on Tuesday, easing some of the concerns raised by a planned revision of its internal bylaws. "This reserve is specific for paying dividends," Caetano said,... Continue Reading →
Brazil Energy Insight 