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Norwegian subsea services company DOF Subsea has secured more work for its Skandi Africa vessel. The client, which DOF Subsea did not name, has exercised an extension option for the subsea service vessel, with the new commitment now running until February 2025. DOF Subsea CEO, Mons S. Aase, said: "Skandi Africa is the most sophisticated vessel... Continue Reading →
Offshore drilling contractor Seadrill has confirmed that one of its drillships kicked off its assignment at a field offshore Brazil with the country’s oil and gas giant, Petrobras. Back in November 2021, Seadrill secured two contracts with Petrobras for its West Carina and West Tellus rigs for work on the Búzios field offshore Brazil. At the time, the offshore drilling contractor explained that... Continue Reading →
Australia’s oil and gas company Karoon Energy has made a decision to drill the second well within an existing oil discovery offshore Brazil to assess the commerciality of a potential Neon field development, following the confirmation of net oil-bearing pay at the first well in this drilling campaign. Back in April 2021, Karoon hired a rig to perform... Continue Reading →
(Reuters) Guyana Vice President Bharrat Jagdeo told Reuters the country plans to take back 20% of the giant Stabroek oil block that has been responsible for a series of massive discoveries from a consortium led by Exxon Mobil Corp., and remarket it by next year. More than 11 billion barrels of oil and gas found... Continue Reading →
- Petróleo Brasileiro S.A - Petrobras informs that its CEO Jean Paul Terra Prates has indicated 2 new members for the composition of the Executive Board: Chief Institutional Relations and Sustainability Officer, Mrs. Clarice Coppetti; Chief Financial and Investor Relations Officer, Mr. Sergio Caetano Leite. The nominations will be submitted to the internal procedures of... Continue Reading →
(Reuters) - U.S. prosecutors on Friday unveiled corruption charges against a Connecticut oil and gas trader and a second man over their alleged roles in a bribery scheme to win business from Brazil's state-owned oil company Petrobras (PETR4.SA). The Department of Justice said that between 2010 and 2018, Glenn Oztemel, 64, of Westport, Connecticut, and Eduardo... Continue Reading →
(WO) — Karoon, an international oil and gas exploration and production company, has reached a final total depth of 2,382 m at its Neon-1 control well offshore Brazil. The well spudded on Jan. 23; wireline logging of the target sections is currently underway. Neon-1 was drilled into the down-dip southern flank of the Neon discovery,... Continue Reading →
(OM) Offshore exploration and production capex shook off the COVID-19 pandemic-induced declines of the past two years to rebound by 21% in 2022, reaching a total $165 billion spent on exploration, wells and facilities. This is slightly less than half the all-time high for offshore E&P investment of $332 billion, set in 2014 at a... Continue Reading →
A new giant of the seas will soon come into operation. The FPSO Almirante Barroso left this week from the BrasFELS shipyard heading for the Buzios field, in the Santos Basin pre-salt. The FPSO has been at the shipyard since October last year for commissioning activities and final acceptance tests. The vessel was converted in... Continue Reading →
The National Petroleum Agency (ANP) recently approved the sale of Petrobras' stake in the Capixaba Norte Cluster to Seacrest Petróleo. As a reminder, the transaction was announced in February 2022, for a total of US$ 544 million. The Capixaba Norte Cluster comprises four onshore fields: Cancã, Fazenda Alegre, Fazenda São Rafael and Fazenda Santa Luzia.... Continue Reading →
