(PN) The Brazilian Environmental Institute (IBAMA) granted Petrobras the installation license for the platform ship (FPSO) Almirante Tamandare, which will be installed in the Buzios field, in the pre-salt of the Santos Basin. The platform's first oil is scheduled for the second half of 2024. The vessel will be the sixth definitive production unit in... Continue Reading →
BP, Shell reach agreement with Trinidad to explore deepwater blocks
(Reuters) - A BP Plc (BP.L) and Shell Plc (SHEL.L) consortium have reached an agreement with Trinidad and Tobago to explore three deepwater blocks for hydrocarbon production in the Caribbean country, Minister of Energy Stuart Young said on Thursday. The deal would help Trinidad speed up offshore exploration and production to secure more natural gas to support its liquefied... Continue Reading →
Equinor Submits Plans for $9B Offshore Gas Field Development in Brazil
Norwegian oil and gas company Equinor has submitted declarations of commerciality and plans of development for two fields in the BM-C-33 concession in the Campos Basin, offshore Brazil Equinor is the operator of the BM-C-33 offshore concession with a 35% stake, with its partners being Repsol Sinopec Brasil (35%) and Petrobras (30%). The concession is... Continue Reading →
PRIO Taps McDermott for Wahoo Field Pipeline Installation Offshore Brazil
Offshore installation and construction services company McDermott has been awarded a transportation and installation contract by PRIO (former PetroRio) for the Wahoo field, offshore Brazil. Under the scope of the contract, of an undisclosed value, McDermott will transport and install about 19 miles (30 kilometers) of coated 10-inch rigid pipelines and associated subsea structures. Once... Continue Reading →
Petrobras informs about declaration of commerciality in the pre-salt of Campos Basin
Petróleo Brasileiro S.A. – Petrobras, as a partner in the BM-C-33 consortium, informs that the operator Equinor Energy do Brasil Ltda submitted to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), on September 20, 2023, the declarations of commerciality of the oil accumulations located in the BM-C-33 Concession area. Petrobras acquired a 30%... Continue Reading →
Enauta winds down its drilling campaign off Brazil
Brazilian oil and gas player Enauta has concluded the drilling and completion of the last well in the first phase of its drilling programme at a field offshore Brazil. Enauta kicked off the drilling of its first well, 7-ATL-5H-RJS, in this drilling campaign at the Atlanta field in November 2022. The estimated investment for the well was $75 million – including the... Continue Reading →
Norwegian Seismic Specialists TGS and PGS Set to Merge
Norway-based seismic specialists TGS and PGS ASA said Monday they had agreed on the principal terms of a merger of TGS and PGS "to create a strong full-service energy data company." The transaction is expected to be completed as a statutory merger pursuant to Norwegian corporate law, with merger consideration to PGS shareholders in the form... Continue Reading →
Brazil Likely to Explore Equatorial Margin for Oil, Finance Minister Says
Brazil will likely end up exploring the Equatorial Margin for oil but state-run Petrobras should adopt a "cautious" approach given the need for precautions to protect the environment, Finance Minister Fernando Haddad said on Sunday. The Equatorial Margin is some 2,200 kilometers (1,370 miles) of deepwater and ultra-deepwater assets along Brazil's northern and northeastern coast. "We may need oil from the Equatorial Margin on... Continue Reading →
Triple Petrobras contract win brings $260 million to DOF
Norway’s DOF Group has won three new service contracts with Brazilian state-owned oil and gas giant Petrobras that are worth more than $260 million. The contracts include survey and inspection work and will see at least three vessels used to perform flexible pipeline, risers and subsea equipment inspection in Campos Basin, Santos Basin, and Espírito Santos... Continue Reading →
Azule Energy, Equinor sign agreement for exploration block offshore Angola
(OM) Azule Energy, the joint venture between BP and Eni, and Equinor have signed a production sharing agreement for block 31/21 offshore Angola with the country’s National Agency of Petroleum, Gas and Biofuels. The award, related to Angola’s 2021/2022 Limited Offshore Licensing Round, covers a 4,500-sq km deepwater area in the Lower Congo basin, 170... Continue Reading →