Australia’s oil and gas company Karoon Energy has updated its contingent resource estimates for a field offshore Brazil. This is expected to facilitate the technical and commercial feasibility studies for a potential development, which are currently underway. Karoon added the Neon oil discovery option in May 2022 to the rig it hired in April 2021. Following the Patola completion activities, the Maersk Developer rig,... Continue Reading →
Petrobras’ disposal of floating platform opens doors to Brazilian recycling industry
Brazilian state-owned oil and gas giant Petrobras has concluded the auction for the disposal of a floating offshore platform, as part of its new commitment to sustainable ship recycling. This is believed to be the first recycling project of this sort to be undertaken in Brazil.Petrobras sold the P-32 floating unit, which worked at the Marlim field in the Campos... Continue Reading →
Oil and Gas Firms Set to Spend $58 Billion on Well Intervention in 2023 – Rystad
Oil and gas companies are set to spend $58 billion on well intervention – a way to extract additional resources from an existing well instead of drilling a new one – in 2023, the Norwegian energy intelligence group Rystad Energy said. Rystad Energy said its modeling showed this is just the start of a surge... Continue Reading →
Another FPSO leaves BW Offshore’s fleet
Norway’s FPSO operator BW Offshore has completed the sale of another floating, production, storage, and offloading (FPSO) vessel to a buyer, whose name was not revealed. BW Offshore recently revealed that it had closed the sale of the FPSO Sendje Berge to an undisclosed local FPSO owner and operator for a total consideration of $15 million. The... Continue Reading →
3R Petroleum Production data June 23
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), following best practices in corporate governance, informs its investors and the market in general the preliminary unaudited production data for June 2023. (1) It does not consider gas production at Areia Branca, Fazenda Belém and Papa Terra Clusters, as those volumes are consumed in... Continue Reading →
Petrobras Partners with SLB to Drive Efficiency and Accelerate Decision Making with Cloud-Based Technology
(OE) Oilfield services giant SLB, previously known as Schlumberger, said Thursday it had won a five-year contract with the Brazilian oil company Petrobras for an enterprise-wide deployment of its Delfi digital platform. The contract scope covers Petrobras’ digital transformation from exploration, development, and production operations, including moving subsurface workflows to the cloud to significantly accelerate... Continue Reading →
Baker Hughes Awarded Significant Gas Technology Contract to Support Equinor’s BM-C-33 Project in Brazil
(GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday it has been awarded a significant order, to be booked in the second quarter of 2023, by MODEC to supply gas technology equipment for the BM-C-33 project in the Brazilian pre-salt Campos area. The project is developed by Equinor with partners Repsol Sinopec Brasil... Continue Reading →
C-Kore secures Brazilian subsea construction contract with TechnicFMC
C-Kore Systems recently delivered its automated subsea testing tools for a large subsea construction campaign in Brazilian waters. The C-Kore tools will be used to perform the subsea electrical verification of new umbilicals after installation. C-Kore says its subsea testing tools are used by operators and installation contractors on both installation campaigns and fault-finding operations.... Continue Reading →
Enauta, once again, has temporarily interrupted production from the Atlanta field
Brazilian oil and gas player Enauta has temporarily interrupted production from a field located offshore Brazil only days after completing the preventive maintenance activities for a floating, production, storage, and offloading (FPSO) vessel, which is carrying out operations on this field. Enauta started preventive maintenance at the FPSO Petrojarl I in May 2023 and the production at the Atlanta field was... Continue Reading →
Brazil oil and gas production grows 9.6% in May to reach 4,110 boe/d
(TN) Pre-salt production in May was 3.196 million barrels of oil equivalent per day (boe/d) and corresponded to 77.8% of Brazilian production. 2.510 million barrels per day (bbl/d) of oil and 109.16 million cubic meters per day (m³/d) of natural gas were produced through 144 wells. There was an increase of 5.9% in relation to... Continue Reading →