Last year was a challenging year for the floating production systems (FPS) market. The low oil price threatened the commerciality of numerous projects, delay announcements for FPS units under construction arrived regularly and overall only four orders were placed…
The global offshore rig count for May 2016 has fallen 20%, when compared to May 2015, with Latin America seeing the biggest drop by 57%. Image from Saudi Aramco. According to Houston-based Baker Hughes…
Petrobas' pre-salt production has reached 40% of all the state-oil firm's production in Brazil and 12 more systems are due online in the Santos Basin alone by 2020, the firm has said. The milestone was reached as over all pre-salt production set new highs…
DOF Subsea has been awarded several ROV and diving contracts for the Skandi Achiever vessel in the North Sea and the North America region, securing utilization of the vessel until end-October 2016. Following completion of ongoing commitments in the North Sea…
Helix Energy Solutions completed its contract renegotiations with Petróleo Brasileiro (Petrobras) and has entered into amendments to its well intervention services contracts for its two chartered vessels, the Siem Helix 1 and the Siem Helix 2…
We have the saying “digital oilfield” within the industry, but does it exist in reality? Audrey Raj reports. Technip CEO Thierry Pilenko. Images from OTC Asia. With offshore…
TNW is taking a brave step as it launches its new intervention service line. Elaine Maslin reports on the company’s new business model – payment on results. Mini-coil installations. Photos from TNW…
A Brazilian combo is hoping to make evaluating cement through tubing less of a headache with its new software. Samuel Tocalino (left) and Gustavo Longhin. Trying to assess the…
Fugro has provided a spectrum of services to BP Trinidad and Tobago (bpTT) to allow safe drilling and completion of five subsea wells in an area of strong currents. The services include wellhead motion (fatigue) monitoring, metocean measurements and positioning services…
A RIP Industrial Services worker died over the weekend, after falling 12m from a Petrobras platform, offshore Brazil. According to the Sindipetro-NF workers’ union, Victor Geraldo Brito, 29, fell from the Cherne-2 platform (PCH-2), from 12m high and did not survive the impact…
The Cidade de Saquarema floating production and storage offloading (FPSO) unit is sailing to the Lula field offshore Brazil for its 20-year contract, following its recent conversion at the BRASA shipyard. Cidade de Saquarema departs from BRASA shipyard…
In this video, BP shows the delivery of its five subsea trees required for the Juniper project offshore Trinidad and Tobago. The subsea trees, which weigh 76-tonne each, were delivered on using an Antonov 124 cargo aircraft. The trees were built with materials from Singapore…
Brazil's interim president, Michel Temer, has named a new CEO for the country's national oil company Petrobras. Petrobras announced today that it was informed Thursday, 19 May, of the decision to appoint Pedro Parente, an engineer, to Petrobras' board and to the position of CEO…
Brazil’s National Petroleum Agency (ANP) granted a 27-year extension to Petróleo Brasileiro (Petrobras) for two concession contracts in the Campos basin, offshore Brazil that will lead to the drilling of 10 new wells. Image from Petrobras…
CGG become one of the few firms to be registered by Mexico’s National Hydrocarbons Commission (CNH) as an independent third party qualified to audit and certify Mexico’s reserves, either for oil and gas operators or directly for the CNH. CGG…