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News Ticker
  • [ 25 January 2021 ] Bristow achieves ISO 14001 certification for UK operations News
  • [ 25 January 2021 ] FTR continues growth in 2020 despite global pandemic News
  • [ 25 January 2021 ] Decom cross-sector event reflected by board appointment Events
  • [ 25 January 2021 ] METIS and Hivecell agree to lead maritime digitalisation from the edge Maritime/Offshore
  • [ 25 January 2021 ] KONGSBERG technology to secure green footprint of new next-generation wind turbine installation unit Contracts
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Petrobras

Ultra-deepwater drillship ‘Ocean Rig Corcovado’
Contracts

Transocean Ltd. announces contract extensions

19 November 2020 Editor 0

Transocean Ltd. has announced that Petrobras has exercised a 680-day pre-existing, fixed price option for the Deepwater Corcovado, and an 815-day pre-existing, fixed price option for the Deepwater Mykonos. Together these contract extensions add approximately […]

Production change (mboed) outlook from ‘producing’, ‘planned’ and ‘announced’ offshore projects in Americas region (mboed), 2018-2024 (source: GlobalData Oil & Gas Intelligence Center)
Oil/Gas

South America’s offshore production to surpass North America’s by 2024

3 November 2020 Editor 0

Despite the effects of COVID-19 on global demand and supply, the outlook for South America’s offshore production is on track to surpass volumes coming from North America by 2024. While several projects in Brazil and […]

photo: Total
Oil/Gas

Total exits the Foz do Amazonas Basin

28 September 2020 Editor 0

Total has announced that it has reached an agreement on September 24th, 2020 to transfer to Petrobras its equity interest in five exploration blocks in the Foz do Amazonas Basin, located 120 kilometres offshore Brazil. […]

Global project sanctioning status and forecast from 2014 to 2022 (source: Rystad Energy ServiceCube)
Oil/Gas

Global oil and gas project sanctioning is set to recover and exceed pre-COVID-19 levels from 2022

22 September 2020 Editor 0

The COVID-19 pandemic has devastated global oil and gas project sanctioning this year and will cause total committed spending to drop to around USD 53 billion from 2019’s USD 190 billion, Rystad Energy projects. Postponed […]

photo: Total
Oil/Gas

Total resigns from operator role in the Foz do Amazonas Basin

7 September 2020 Editor 0

Total has announced that it has notified its partners on August 19 about its resignation from its role of operator for five exploration blocks, located in the Foz do Amazonas Basin, 120 kilometres offshore Brazil. […]

‘Seven Rio’, a construction/flex-lay vessel capable of operating in water depths of up to 3,000 metres
Contracts

Subsea 7 awarded contract extensions in Brazil

4 September 2020 Editor 0

Subsea 7 has announced an agreement with Petrobras to extend by 1 year the current long-term day-rate contracts for three pipelay support vessels (PLSVs) operating offshore Brazil. The extensions have a combined value of approximately […]

The FCV 3000 ROV is designed and built in-house by Fugro to meet the extreme demands of deepwater drilling and completions
Contracts

Fugro wins three long-term ROV services contracts with Petrobras in Brazil

26 August 2020 Editor 0

In partnership with Solstad and Oceanpact, Fugro has been awarded three long-term contracts by Petrobras to provide remotely operated vehicle (ROV) services for a variety of subsea activities in Brazil. All three contracts are for […]

illustration: TechnipFMC
Contracts

TechnipFMC wins subsea EPCI for the Libra Consortium’s Mero 2 Project

20 August 2020 Editor 0

TechnipFMC has been awarded a large contract for Engineering, Procurement, Construction and Installation (EPCI) through a competitive contracting process, by Petrobras, the leader and operator of the Libra Consortium, which was formed by Petrobras, Shell […]

Deepwater opex* per regional production from 2013 to 2020 (source: Rystad Energy Cost Solution, Offshore Cost Benchmarking, July 2020)
Oil/Gas

Once the costliest for deepwater opex, South America emerges as cost-saving champion in 2020

19 August 2020 Editor 0

South America has made a cost-cutting leap since 2013, when it was the world’s most expensive region for deepwater oil and gas production costs. Average operational expenditure (opex) per barrel of oil equivalent has more […]

illustration: Total
Oil/Gas

Total launches phase 3 on the giant Mero field development

17 August 2020 Editor 0

Total and its partners have taken the investment decision for the third phase of the Mero project (Libra block), located deep offshore, 180 kilometres off the coast of Rio de Janeiro, in the prolific pre-salt […]

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