Posts Tagged ‘petrobras’

Subsea 7 revenues rise on high offshore activity

by on November 19, 2012 9:30 am BST
The offshore contractor also saw revenue rise by more than one-fifth to $1.74 billion compared to the same quarter in 2011, and vessel utilisation improved by 5% to 88%.Subsea 7 chief executive Jean Cahuzac said in a statement on Monday that the results were in line with the company’s expectations.

Sevan Brasil back in business

by on November 13, 2012 3:51 pm BST
The newbuild unit was pulled from drilling for Brazilian state-owned Petrobras in the Santos basin more than six weeks ago due to technical issues with the damaged BOP.The rig, delivered from China’s Cosco Shipyard earlier this year, was subsequently moved to a new location to drill a top

Brazil output falls to near 3-year low

by on November 8, 2012 11:15 pm BST
Brazil produced an average 2.38 million barrels of oil and natural gas equivalent per day in the month, down 3.25% from 2.46 million in August, the regulator said according to Reuters.Oil and natural gas output in September was 5.4% less than the 2.51 million boepd a year earlier and the lowest since

Ocean Rig nets drillship contracts

by on November 6, 2012 11:44 pm BST
The Oslo-listed company, an offshoot of Greek ship-owner DryShips, said it had signed a letter of intent to contract the drillship to a major oil company to begin drilling in the fourth quarter of 2013. The contract would run through 2016. A dayrate was not disclosed in the company's fleet