(PetroNoticia) A surprise in the list of companies pre-qualified for the bidding of the P-80 platform, which will be installed in the Búzios field, in the Santos Basin pre-salt. The Japanese company Modec is one of the 13 pre-qualified companies and may eventually prepare proposals for the event, even after being banned by Petrobras from... Continue Reading →
CGG Bags OBN Imaging Work with Equinor in Brazil
Equinor has awarded CGG a major contract for the seismic imaging of its Bacalhau 3D ocean bottom node (OBN) survey covering 409 sq km currently being acquired in Brazil’s deepwater Santos Basin. The project is already underway at CGG’s Rio de Janeiro subsurface imaging center where its team is using imaging technologies, including reverse time migration, time-lag... Continue Reading →
Petrobras signs contract to build seventh unit in Búzios
Petróleo Brasileiro S.A. – Petrobras informs that it signed a contract with Keppel Shipyard Limited to build the P-78, the seventh unit to be installed in the Búzios field, in the Santos Basin pre-salt area. With processing capacity of 180 thousand barrels of oil per day and 7.2 million cubic meters of gas per day, the... Continue Reading →
Tullow Oil Emerges from Overhaul with $1.8B Bond. No More Asset Sales Planned, CEO Says
Tullow Oil's $1.8 billion bond, which was launched to help it manage a $2.4 billion debt pile, drew more interest from investors than expected after the Africa-focused producer's financial overhaul, the chief executive said on Friday. Rahul Dhir also told Reuters the firm did not plan to sell more oil and gas fields after disposing... Continue Reading →
Petrobras is in negotiations to dispose of its gas E&P activities in Bolivia
(epbr) Petrobras is in negotiations to dispose of its gas E&P activities in Bolivia and to close all activities in Argentina and Colombia. - In Bolivia, gas production comes mainly from the San Alberto and San Antonio fields, where Petrobras holds a 35% interest in service operation contracts. - According to a source, the state... Continue Reading →
Petrobras contracts SM Continental for ROV services
Brazilian SM Continental, part of James Fisher group, has won a contract to provide ROV services to oil and gas company Petrobras. The two parties signed the agreement for a period of two years. “These new services and the growing customer base mean that the James Fisher group now has a well-established subsea services company in... Continue Reading →
Vantage says deepwater market could begin to recover later this year
Offshore drilling contractor Vantage Drilling believes that the shallow water activity is stabilizing and that the recovery in the deepwater market could begin later this year. The rig owner has also sold one of its stacked drillships for recycling. In its quarterly report on Thursday, Vantage revealed it had sold its 2012-built Titanium Explorer drillship and booked... Continue Reading →
Seadrill Allowed to Use Lender Cash until Aug. 31
Seadrill Ltd on Wednesday reached a tentative deal that will allow it to continue using lender cash to fund operations while it works with creditors on a path out of bankruptcy. During a virtual hearing, U.S. Bankruptcy Judge David Jones, sitting in his Laredo, Texas courtroom, said he would extend Seadrill’s access to cash until... Continue Reading →
IBAMA AUTHORIZES 4D SEISMIC RESEARCH IN SAPINHOÁ, IN THE SANTOS BASIN
Petrobras received the environmental license to carry out 4D maritime seismic survey in the Sapinhoá field, in the Santos Basin pre-salt. In the installation part of Nodes (seismic sensors installed on the seabed), the Subsea Viking vessel will be used. In addition, one of the following seismic source vessels will also be employed: Hugin Explorer,... Continue Reading →
Subsea 7 earnings up in Q1 2021
Subsea 7 has reported an adjusted EBITDA increase of 50 per cent in the first quarter of 2021, to $102 million, compared to $68 million from the same period in 2020. According to Subsea 7, the mentioned boost is driven by progress on Subsea and Conventional projects, high utilization of the PLSVs, and activities on... Continue Reading →