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The offshore drilling sector – challenged by managing an oversupplied, highly competitive market combined with over-leveraged balance sheets, weak liquidity, and stressed financials – is ripe for consolidation, Maritime Strategies International said in a recent report. The latest MODU [Mobile Offshore Drilling Units] Market Report from MSI analyses the sector’s current malaise and concludes that... Continue Reading →
(PetroNoticias) Petrobras is advancing again in yet another stage in the development of the Búzios field. On the 9th of August, the company will open the envelopes with proposals for the tender for contracting well construction services for the field. The tender will have national coverage and will consist of two excluding lots. The tender... Continue Reading →
ICR Integrity (ICR), an industrial maintenance and integrity company, has partnered up with Guyana-based Panthera Solutions (Panthera) to deliver its Technowrap and Quickflange technologies and other solutions and the booming oil and gas market in the region. Panthera provides fabric maintenance and deck services to offshore energy companies and their suppliers and employs a local... Continue Reading →
(Reuters/OE) Exxon Mobil reportedly made a new discovery at Whiptail in the Stabroek Block offshore Guyana, as it develops one of the world's most important new oil and gas blocks in the last decade. The company operates the 6.6-million-acre Stabroek Block as part of a consortium that includes Hess Corp and China's CNOOC Ltd. It... Continue Reading →
Equinor (STOHF) (OSE: EQNR, NYSE: EQNR) reports adjusted earnings of USD 4.64 billion and USD 1.58 billion after tax in the second quarter of 2021. IFRS net operating income was USD 5.30 billion and the IFRS net income was USD 1.94 billion. The second quarter of 2021 was characterised by: Strong results due to higher... Continue Reading →
The ANP published the notice and concession contract model for the 17th Bidding Round, which contain, respectively, the rules and procedures of the round and the rights and obligations of future concessionaires. This round is scheduled to take place on October 7, with the offer of 92 blocks with exploratory risk, with a total area... Continue Reading →
SBM Offshore is pleased to announce it has signed contracts with Petróleo Brasileiro S.A. (Petrobras) for the 26.25 years lease and operation of FPSO Almirante Tamandaré. These contracts follow the signing of the binding Letter of Intent as announced on February 25, 2021. FPSO Almirante Tamandaré will be deployed at the Búzios field in the... Continue Reading →
(PetroleoHoje) Hygo (formerly Golar Power) and Aruanã Energia plan to build two LNG facilities at the Port of Suape, in Pernambuco. Under analysis by the ANP, the projects foresee the use of the same area in the port, which motivated the agency's letter asking for clarification from the Suape administration. This is the Multiple Use... Continue Reading →
(Reuters) - Wintershall Dea (WINT.UL) posted strong second quarter 2021 earnings as it benefited from firmer oil prices and reduced spending, its earnings report showed on Tuesday. The company, owned jointly by BASF (BASFn.DE) and Russia's LetterOne, posted earnings before interest, tax, depreciation, amortisation, and exploration expenses (EBITDAX), a standard oil industry measure, of 636 million euros... Continue Reading →
(PetroNoticias) Enauta started the week with good reasons to celebrate. Its main asset, the Atlanta field, reached today the mark of 18 million barrels produced since the beginning of its operation, in May 2018. Located in the Santos Basin, the field today operates through an Early Production System (EPS), the FPSO Petrojarl I, in a... Continue Reading →
