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(OET) Azule Energy, a joint venture between BP and Eni, has awarded TechnipFMC and Aker Solutions with contracts for its Ndungu project offshore Angola. TechnipFMC has received a contract, worth between $75 million and $250 million, to supply flexible pipe for the project that will tie into Block 15/06 West Hub. The field is located... Continue Reading →
(PN) Petrobras announced this week that it will start a 4D Nodes seismic survey in the Sapinhoá field, about 266 km from the municipality of Ilhabela (SP) and at a minimum depth of 2,000 meters. The monitoring phase of data acquisition in the field will be carried out by the company PXGEO. The seismic survey... Continue Reading →
(OET) Subsea 7 has completed the polymer lining scope at Woodside Energy’s Sangomar field development Phase 1 project, Senegal’s first offshore oil development. This is said to mark the first use of the Swagelining polymer liner system offshore West Africa and for Woodside Energy. The Swagelining system was selected as a corrosion barrier for 24 kilometers of... Continue Reading →
(OE) Malaysian FPSO leasing firm Yinson Production has acquired the Atlanta FPSO, a floating, production, storage, and offloading vessel that will serve as a production unit at Enauta's Atlanta field in Brazil. Yinson acquired the FPSO through the acquisition of AFPS B.V., the platform owner company. Back in February 2022, Brazilian oil firm Enauta bought... Continue Reading →
(OE) Spending on conventional oil and gas exploration is on the rise and is set to top $50 billion this year, led by offshore investments, however, discovery volumes are falling to new lows, despite the rising investments. This is according to Rystad Energy, a Norway-based energy industry intelligence group. Rystad's estimates show that in the... Continue Reading →
ANP announced that oil production hit a new record in June. The agency released today the Monthly Oil and Gas Production Bulletin for the month of June, bringing consolidated data on national production. During the period, a total of 4.324 million barrels of oil equivalent per day were produced, of which 3.367 million barrels per... Continue Reading →
Offshore drilling firm Valaris said Monday it had secured a 12-well contract offshore West Africa for drillship VALARIS DS-7. Valaris will reactivate the drillship for this contract. The contract, with an undisclosed client, is expected to start in the second quarter of 2024 and has an estimated duration of 850 days. The total contract value... Continue Reading →
Petrobras achieved a new presalt production from its fields offshore Brazil of 2.06 MMboe/d during second-quarter 2023, representing 78% of the company’s total output. The previous high of 2.05 MMboe/d was registered in the first quarter. However, the company’s production in the Brazilian post-salt was 9.7% lower than for the previous quarter, at 346,000 bbl/d,... Continue Reading →
(OET) TechnipFMC has received $4.1 billion in subsea inbound orders in the second quarter of 2023, a 62.2% increase compared to Q1 2023 and a 113.4% increase compared to the same period in 2022. Records were set for the company’s iEPCI full-field subsea development and integrated project execution and Subsea 2.0 subsea production system. TechnipFMC’s total... Continue Reading →
In 2Q23, average production of oil, NGL and natural gas reached 2.64 MMboed, 1.5% lower compared to 1Q23, mainly due to higher volume of losses from stoppages and maintenance, the natural decline of mature fields and divestments. Those effects were partially offset by the ramp-up of P-71, in Itapu field, and the startup of FPSOs... Continue Reading →
