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The offshore oil and gas sector is back and is set for the highest growth in a decade in the next two years, with $214 billion of new project investments lined up, the Norwegian energy industry intelligence firm Rystad said in a report Tuesday. According to Rystad, the annual greenfield capital expenditure (capex) will break the... Continue Reading →
Danish offshore support vessel owner Maersk Supply Services has secured three-year contracts for three of its L-class anchor handlers with Petrobras in Brazil. Petrobras will use the vessels for a broad scope of anchor handling activities and offshore drilling rig movements. Maersk Leader, Maersk Launcher, and Maersk Lancer have been delivered in Brazil. This now... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed with Equinor a letter of intent, expanding on the cooperation between the companies, so that they can assess the technical, economic and environmental feasibility of seven offshore wind power generation projects off the Brazilian coast. These will have the potential to generate up to 14.5... Continue Reading →
Offshore drilling contractor Valaris said Monday it had secured contracts for two drillships and one jack-up rig. One of the drillships in question is the Valaris DS-8, which secured a three-year, $500 million contract with Petrobras in Brazil, including a $30 million mobilization fee. The rig has been preservation stacked in Las Palmas, Spain, and... Continue Reading →
After discovering oil and the Graff-1 well in Namibia in 2022, Shell has now made another offshore oil discovery in the country's deep waters. This time, Shell made a discovery at the Jonker-1X deep-water exploration well, QatarEnergy and Namcor, Shell's partners in the PEL-39 Exploration License, offshore Namibia, said Monday. Using the Deepsea Bollsta semi-submersible drilling rig, the Jonker-1X... Continue Reading →
(Reuters) Guyana, the South American country that is home to the world's largest oil discoveries in a decade, next wants to develop its mostly untapped natural gas reserves, Vice President Bharrat Jagdeo said on Sunday. The nation aimed to diversify its oil sector and secure new sources of revenue before the energy transition to renewables... Continue Reading →
Total production in January was 4.175 million barrels of oil equivalent per day (boe/d), of which 3.274 million barrels of oil per day (bbl/d) and 143.215 million cubic meters of natural gas per day (m³/d ). In oil, there was an increase of 6.5% compared to the previous month and 8% compared to January 2022.... Continue Reading →
Brazilian oil company Enauta said Friday it had temporarily halted the production from the 7-ATL-2HP-RJS well in the Atlanta offshore oil field, in Brazil's Santos Basin. Enauta's preliminary assessments indicate failure in the surface equipment (topside). In case of the need to replace the pump in this well, the company said it had spare equipment... Continue Reading →
DOF Subsea has secured a contract extension with Brazilian oil and gas giant Petrobras for its 106-meter-long diving support vessel (DSV) Skandi Achiever. The new commitment has commenced in direct continuation with the current one and will run until February 2024. It will include remotely operated vehicle (ROV) and diving services. In addition to the newly announced contract on the... Continue Reading →
Oslo-listed oil and gas company BW Energy said its planned acquisitions of Petrobras' working interest in Golfinho and Camarupim deepwater oil fields, and the related FPSO from Saipem, were facing delays as a Brazilian ministry has ordered a review of Petrobras divestment program. "BW Energy has been informed by Petrobras of a review of the... Continue Reading →
Brazil Energy Insight 