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(TN) The Petrobras drill ship that will be responsible for drilling the Pitu Oeste well, on the Equatorial Margin, arrived in the state of Rio Grande do Norte. The vessel left Rio de Janeiro on December 6th and will begin operating later this month in the BM-POT-17 concession. The license to drill exploratory wells, in... Continue Reading →
(OGJ) Argentina’s Tecpetrol plans to produce 100,000 b/d of crude oil through Vaca Muerta projects Puesto Parada and Los Toldos II, said Ricardo Markous, chief executive officer. The company—which revolutionized the gas market in Argentina with the Fortín de Piedra field in Vaca Muerta where it has invested about $3.5 billion and produces a peak... Continue Reading →
(OET) Japan’s MODEC and Terra Drone Corporation, a compatriot drone and urban air mobility (UAM) technology company, have tucked what is said to be the world’s first approval from the American Bureau of Shipping (ABS), a classification society, for a drone-based FPSO hull thickness measurement under their belts. This comes after MODEC joined forces with Terra Drone Corporation... Continue Reading →
(TN) This December, Petrobras begins a gradual journey of transitioning the contracting platform with its suppliers. The migration from the Petronect Portal to the SAP Ariba solution, which has already taken place for invoice transactions, invoices and purchase orders for goods, will begin to encompass some of the company's contracting processes. The objective of the... Continue Reading →
(Reuters) - Argentina's new libertarian President Javier Milei announced a power sector "emergency" on Monday, saying his government would tighten control over the country's local gas and electricity regulators, and seek to allow long-controlled prices to rise. The outsider economist, who rode to power pledging to take a 'chainsaw' to state spending, has long targeted... Continue Reading →
(OW) As new offshore wind markets keep emerging and targets in established markets keep increasing, questions on how much capacity can actually be installed, especially until 2030 which is just around the corner, are now part of the sector’s foreground. The most vocal on the (un)likeliness of the national and regional targets for 2030 being... Continue Reading →
(PN) Petronas began drilling its first exploratory well in the country this week. The activity took place in a water depth of 3,027 meters, in block C-M-661, in the Campos Basin. The well is being drilled by the Valaris Renaissance rig (DS-15) and has been named Mola-1. As a reminder, block C-M-661 was purchased by... Continue Reading →
(OE) MODEC and Toray Industries have jointly developed a carbon fiber-reinforced plastic (CFRP) patch technique for repairs on Floating Production, Storage and Offloading (FPSO), and Floating Storage and Offloading (FSO) systems. FPSO and FSO repair services provided by MODEC, a general contractor specializing in engineering, construction, operation, and maintenance services of offshore oil and gas... Continue Reading →
(OE) Malaysian oil company Petronas has signed production sharing contracts for Suriname’s offshore Blocks 64 and 64 with the country’s state-owned Staatsolie Maatschappij Suriname. Petronas Suriname E&P won the blocks, located in the Guyana-Suriname Basin, during the Suriname Demerara Bid Round 2022-2023 in June 2023. Block 63 has an area of 5,425 sq km and... Continue Reading →
(Reuters) QatarEnergy signed two production sharing contracts on Friday relating to two marine areas off the coast of Suriname, rights to which it won during an auction held last June, the company said in a statement. "QatarEnergy will own a 30% working interest in block 64, while TotalEnergies, the operator, will own 40%, and Petronas... Continue Reading →
Brazil Energy Insight 