FPSO, Stratas, oil, outlook, Brazil, Petrobras

More FPSO units will be utilized between the years 2020 and 2023, with each year seeing about 10 more units working, forecast says.

S-92 flights were also stopped on the other side of the North Sea, in Britain, with Royal Dutch Shell Plc saying it was working on alternative flight provision, Reuters reported.

NADL said that, as previously agreed, it will form a joint asset holding company with Jurong to jointly own West Rigel if no employment is secured for it.

Drillers added four oil rigs in the week to Jan. 6, bringing the total count up to 529, the most since December 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said on Jan. 6.

Chinese manufacturers are unable to make equipment such as semisubmersible drilling platforms used in waters deeper than 1,000 feet and robots used in waters deeper than 500 meters, Reuters reported.

Seadrill signed a three-year contract extension with Saudi Aramco for the AOD III jackup rig, corresponding to a rate of $102,740 per day, according to a Reuters calculation.

Drillers added 12 oil rigs in the week to Dec. 16, bringing the total count to 510, the highest since January, but still below 541 rigs a year ago, energy services firm Baker Hughes Inc. (NYSE: BHI) said Dec. 16.

Almost two-thirds of the rigs added since May, or 109, were in the Permian, bringing the total in the nation's biggest oil shale formation up to 246, the most since September 2015.

The near-term offshore drilling market is one of the most challenged upstream sectors, with its long-term recovery—while undoubted—to lag behind any broader upturn.

Drillers added two oil rigs in the week to Nov. 11, bringing the total count up to 452, the most since February, but still below the 574 rigs seen a year ago, energy services firm Baker Hughes Inc. (NYSE: BHI) said on Nov. 11.

System provides operators with savings and efficiency for shale production.

Benefits of AUV use continue to expand. AUVs are being used to survey and inspect pipelines and flowlines and to verify the integrity of subsea structures.

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