Cyprus-based Ocean Rig has stepped in to buy the sixth generation ultra-deepwater (UDW) drillship Cerrado, which once drilled the giant Libra prospect offshore Brazil, following its owner Brazil-based Schahin Group bankruptcy declaration last April…
Deep Sea Supply has been awarded multiple contracts by several international oil companies for work in the North Sea, offshore Asia, and South America. Statoil awarded Deep Sea a two-year contract, plus three yearly options for the PSV Sea Falcon for operations in the North Sea…
The Cross Group has won a contract to assist in pulling five flexible flowlines and an umbilical, with a maximum expected load of 44-tonne, onto a jacketed platform. The work will be performed using one of Cross Group’s Hepburn 83-MPE…
Malaysian state oil firm Petronas is due to start drilling offshore Suriname next month, the country's state oil firm says. Staatsolie says Petronas, with partner DEA, a German company, has lined up the Rowan Company's Ralph Coffman…
Brazil’s Petróleo Brasileiro (Petrobras) recorded a total of 2.55 MMboe/d of oil and natural gas production in March, of which 2.36 MMboe were produced in Brazil and 183,000 boe/d abroad. Image of the P-31 FPSO…
Aker Solutions has opened its new subsea plant in Curitiba, Brazil. The facility will employ about 850 people and is dedicated to machining, welding, surface treatment, assembly and testing of christmas trees and other subsea equipment. It…
Repsol Sinopec Brazil has discovered hydrocarbon pay at the Gávea A1 well in the ultra deepwater pre-salt Campos basin, offshore Brazil. Map of Campos basin, from Statoil. Gávea A1…
Aker Solutions is to provide maintenance and other services on Petrobras-operated subsea oil and gas fields offshore Brazil. The contract is for three years and worth NOK 1 billion and may be extended by another three years. The contract covers maintenance…
Brazil’s Petroleo Brasileiro (Petrobras) has sent its second cancelation notice this year to Athens-based DryShips, to terminate a vessel contract 16 months ahead of schedule that will set the company back nearly US$3 million. Image from Petrobras…
Offshore rig count for March 2016 declined 33.4% when compared to March 2015, and 5% compared to February 2016. Image from Baker Hughes Twitter. According to Baker Hughes, there were a total of 241 vessels operating last month…
Keppel Offshore & Marine (Keppel O&M), through its subsidiary, Keppel FELS Brasil BrasFELS shipyard has been awarded a US$137 million floating production storage and offloading (FPSO) module fabrication and integration project by Modec Offshore Production Systems (Singapore)…
Overcome with financial woes, Petrobras is taking another stumble as the company announced a voluntary termination program in hopes to reduce its workforce by 12,000 to save more than US$9 billion (33 billion BRL) in the coming years. Image…
The race is on to create an autonomous, resident underwater vehicle capable of long-term inspection operations and eventually a level of intervention. Elaine Maslin takes a look at BG Group’s version. FlatFish during shallow water seatrials…
Brazilian giant Petrobras is expecting to reduce its annual costs by an additional US$500 million with a reorganizational plan that will cut jobs by 43%, compared to its original goal of 30%. Image of Petrobras headquarters in Brazil…
Offshore marine services provider, PACC Offshore Services Holdings (POSH), has secured a one year contract for its POSH Xanadu semisubmersible accommodation vessel (SSAV). Under the terms of the contract, POSH Xanadu will continue to…
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