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Operators have called for greater certification and ‘provenance’ of oil and gas production and encourage competition when it comes to lowest emission barrels as they position their businesses to align with the energy transition. Speaking at the Underwater Technology Conference (UTC) Wednesday (June 16), Arne Sigve Nylund, EVP for Technology, Projects and Drilling at Equinor, said... Continue Reading →
(PetroleoHoje) Petrobras will close a new charter contract with drillship Norbe IX, from Ocyan. The drilling company was declared the winner of the Brazilian oil company's bid to contract one or more rigs as of the first quarter of 2022. The result of the tender was confirmed by Petrobras on the Petronect website. Despite the... Continue Reading →
(Reuters) - Oil gained for a fifth day on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a drop in U.S. crude inventories. The American Petroleum Institute reported U.S. crude inventories fell 8.5 million barrels, two market sources said, more than... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on January 27, 2021, informs that the validation stage of the enrollment of Petros Plan 3 (PP-3) was concluded, totaling 2,176 approved requests. The technical and administrative feasibility studies of the new plan were completed and the Petros’ Executive Board certified its feasibility in a... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on April 16, 2021, April, 29, 2021, May 5, 2021 and May 31, 2021, informs that its Board of Directors authorized the convening of an Extraordinary General Meeting (EGM) for the election of eight positions to the Board of Directors filled by the multiple... Continue Reading →
(Reuters) - The world's biggest oil traders said on Tuesday they see oil prices staying above $70 a barrel with demand expected to return to pre-pandemic levels in the second half of 2022. Oil prices crashed in April last year when the COVID-19 movement restrictions hit their peak with the U.S. crude benchmark turning negative... Continue Reading →
The FPSO Cidade de São Vicente will leave Brazil possibly in July. After trying unsuccessfully to negotiate a new contract in the country, BW Offshore will take the production unit abroad. The likely destination is Asia. The decision to withdraw the FPSO from Brazil was taken recently by BW Offshore, after negotiations with Trident and... Continue Reading →
Oil States do Brasil won an important contract from Petrobras to maintain equipment and accessories and to support the offshore operations of the state-owned company. The contract will provide operational support for various subsea equipment used in Petrobras projects to ensure full availability in operations. This type of contract, which historically was executed within the... Continue Reading →
Offshore drilling contractor Borr Drilling has made changes to the structure of its joint ventures in Mexico by exiting the integrated services JVs and becoming a majority owner in the drilling services JVs, which will continue to earn day rates, providing the company with sufficient liquidity. Borr Drilling has five rigs working for joint ventures... Continue Reading →
Japan’s floating solutions provider MODEC has started the engineering, procurement, construction, and installation (EPCI) work on the floating production storage and offloading (FPSO) vessel set for the Bacalhau field. MODEC said via social media channels on Monday that the company would proceed with EPCI work on the Bacalhau FPSO. The company added that it would... Continue Reading →
