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Petrobras has never processed so much natural gas from the Santos Basin Pre-Salt as it did in 2023. The company reached a daily average of 25.25 million m³, surpassing the 2022 record by around 200,000 m³/day. Pre-salt gas is processed at the Caraguatatuba (UTGCA) unit in the state of São Paulo and the Macaé (UTGCAB)... Continue Reading →
(Reuters) - BP PLC (BP.L), opens new tab said on Thursday it was in talks with the Venezuela and Trinidad and Tobago governments to develop a gas field. BP has been seeking to increase its natural gas production in Trinidad to feed into Atlantic LNG's liquefied natural gas export facility. BP's gas output has fallen in the... Continue Reading →
Australia's top oil and gas company Woodside Energy has awarded a contract to Subsea 7 for subsea installation services for the Trion development offshore Mexico. Subsea 7 described the contract as large, which means its value ranges between $300 million and $500 million. The scope of contract for Subsea 7 includes engineering, construction, and installation... Continue Reading →
Foresea, Brazilian leader in the offshore drilling segment, released its first annual report, with the financial and operational results achieved last year. The company consolidated a healthy financial position, ending the period with US$141 million in cash and a profit of US$65.8 million. Operational performance is also a highlight: the company maintained operational uptime of... Continue Reading →
Feritech Global has completed a major design and build project for Oceaneering, the world’s largest provider of subsea robotics to the offshore energy industry. The company has designed a next generation auto-drop piston corer which is expected to dramatically reduce the amount of time needed for subsea geotechnical surveying, increasing safety and efficiency, whilst reducing... Continue Reading →
One of the drillships owned by Stena Drilling, an offshore drilling contractor, has completed its 15-year special period survey (SPS). The Stena Carron drillship went to Las Palmas to start its SPS, during which maintenance was performed on the sheaves. According to Stena Drilling, the main and auxiliary wells were removed and replaced, full bearing replacements were conducted, and... Continue Reading →
(OE) Blue Water Shipping, a global provider of tailor-made transport and logistics solutions, has secured a contract with Noble Drilling for its operations in Suriname, as Noble Voyager drillship embarks on an exploration campaign north of Paramaribo. The contract for Blue Water Shipping covers customs brokerage, local logistics services, domestic transport and personnel services for... Continue Reading →
(PN) Despite making progress in some of its bidding processes for platform ships (FPSOs), Petrobras is encountering difficulties in contracting various equipment and vessels. According to the director of engineering, technology and innovation at the state-owned company, Carlos Travassos, other actors in the oil and gas sector around the world are also experiencing this situation.... Continue Reading →
(ON) By the third quarter of 2024, Saipem Guyana is set to occupy 81,000 square meters (m2) of the Vreed-en-Hoop Shore Base Inc. (VEHSI) facility, allowing it to fabricate “more complex” subsea structures for the country’s booming oil industry. Saipem is one of the prime contractors of Stabroek Block operator, ExxonMobil. The revelation was made... Continue Reading →
Dear shareholders and investors, I am very proud to address you today, not only in light of the excellent economic and financial results we are disclosing, but especially because I am convinced that we are building a Petrobras which is more solid, more resilient and able to generate long-term value to its partners and to... Continue Reading →
Brazil Energy Insight 