Karoon Brazilian FPSO restarts following extended maintenance

(OET) Australia’s oil and gas company Karoon Energy has restarted production from assets connected to a floating, production, storage, and offloading (FPSO) vessel offshore Brazil, following maintenance work. Karoon shut-in Baúna production, including from the Patola field, on 28 March due to a loss of containment incident associated with the high-pressure flare on the FPSO Cidade de Itajaí. After the FPSO operator,... Continue Reading →

May 17, 2023 0

Shell to Use New AI Technology in Deepwater Oil Exploration

(Reuters) Shell Plc will use AI-based technology from big-data analytics firm SparkCognition in its deep sea exploration and production to boost offshore oil output, the companies said on Wednesday. SparkCognition's AI algorithms will process and analyze large amounts of seismic data in the hunt for new oil reservoirs by Shell, the largest oil producer in the... Continue Reading →

May 17, 2023 0

SBM Offshore Picks M.A.R.S. for Sustainable Decommissioning of FPSO Capixaba

(OE) Modern American Recycling Services Europe, A/S (M.A.R.S.) has been awarded a contract by SBM Offshore for dismantling and green recycling of SBM Offshore’s FPSO Capixaba. The FPSO Capixaba is 362 m long, with a Light Displacement Tonnage of 54.656 Mt. The contract includes engineering, preparation, dismantling, and green recycling of the unit. The FPSO is moored... Continue Reading →

May 17, 2023 0

Petrobras on the result of an exploratory well in the ARAM block, Santos Basin

Petróleo Brasileiro S.A. – Petrobras informs that it has identified the presence of hydrocarbons in the Santos Basin pre-salt, in an appraisal well in the Aram block. Well 3-BRSA-1387D-SPS is located 260 km from the city of Santos-SP, at a water depth of 1,979 meters. The well is in progress and the oil-bearing interval was... Continue Reading →

May 17, 2023 0

3R Petroleum on temporary interruption at Papa Terra Cluster

3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3) in compliance with the provisions of CVM Resolution No. 44, informs its investors and the market in general that the production of Papa Terra Cluster has been temporarily interrupted by the Company, on the morning of May 15 due to restrictions on the offloading... Continue Reading →

May 16, 2023 0

Shell and Petrobras book Noble’s drillships

Noble Corporation has won contracts with UK-headquartered energy giant Shell and Brazilian state-owned oil and gas giant Petrobras, respectively, for two of its 7th-generation drillships. Shell has contracted Noble Voyager to drill a deepwater exploration well offshore Mauritania. The drillship is currently operating for the energy giant offshore Mexico. The new contract has an estimated... Continue Reading →

May 12, 2023 0

SBM commits to eighth `replica’ FPSO hull

(OM) SBM Offshore has ordered the eighth Fast4Ward MPF FPSO hull under its Fast4Ward program. CMHI (China Merchants Heavy Industry Co.) will construct the hull. To date, SBM has delivered six hulls to confirmed field developments and has granted exclusivity for the seventh to ExxonMobil Guyana. In its latest results review, the company provided an... Continue Reading →

May 12, 2023 0

Petrobras Financial Performance in 1Q23 – Message from CEO

Dear shareholders and investors, I am very proud to share with you the first quarterly results of Petrobras under our management. Since I became CEO, in January, I have been working so that Petrobras can become more efficient, financially healthy and inclusive, where people are the focus of decisions and the top priority. If today... Continue Reading →

May 12, 2023 0

MODEC to Deliver Highly Complex FPSO for Equinor’s $9B Project Offshore Brazil

(OE) Japanese FPSO supplier MODEC has won a contract with Equinor to supply an FPSO vessel for the BM-C-33 block of the Campos Basin offshore Brazil. The order comes just days after Equinor and its partners Repsol Sinopec Brasil, and Petrobras took the $9 billion investment decision to develop the BM-C-33 project in Brazil. Located in the... Continue Reading →

May 10, 2023 0

3R Petroleum preliminary unaudited production data for April 2023.

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 April 2023. (1) It does not consider gas production at the Areia Branca, Fazenda Belém and Papa Terra Clusters, as it is consumed in... Continue Reading →

May 9, 2023 0