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Enauta released this week an update on the reserves of the Atlanta and Manati fields, based on December 31, 2022. According to the company, its 2P reserves (proven and probable) reached 168 million barrels of oil equivalent by the end of 2022 – an increase of 50.3 million barrels of oil equivalent compared to December... Continue Reading →
(OM) Strohm’s "Jumper on Demand" model has secured a second contract with Exxon Mobil to supply more than 24 of its jumpers for the Uaru Field development offshore Guyana in the Americas. This latest award, which is subject to government approval of the project and a final investment decision, follows closely on the heels of a similar campaign... Continue Reading →
Italian offshore engineering and construction company Saipem announced two offshore contracts worth $900 million in total. First, together with Aker Solutions, Saipem won a contract with the French oil major TotalEnergies in Brazil for the recently sanctioned Lapa Southwest (LAPA SW) Development project. Lapa Southwest is a deepwater oil field in the Santos Basin in the... Continue Reading →
Tenaris and Petrobras signed a three-year supply contract for corrosion-resistant alloy (CRA) pipes for offshore operations in Brazilian pre salt. The contract provides for the supply of pipes produced with CRA materials and finished with premium connections. The products will be manufactured in Sweden in partnership with Alleima and threaded at the Tenaris facility in... Continue Reading →
(epbr) Galp buys a cargo of 500,000 barrels of Union oil, originating from the production sharing contract for the Atapu field, in the pre-salt layer. Pre-Sal Petróleo S.A. (PPSA) reported that the sale should generate revenues of BRL 210 million for the National Treasury when the shipment is available in two months. The Portuguese oil... Continue Reading →
(Reuters) Guyana's upcoming bidding round for offshore areas has caught the interest of top energy companies from Asia to Europe, according to people familiar with the matter, even as the government continues to work out terms for the auction. The South American country wants to quickly expand its oil industry and recruit developers to counterbalance an Exxon... Continue Reading →
Maritime Developments (MDL) has delivered a bespoke aft recovery system for multiple Subsea 7 vessels operating in deep water. The assembly consists of a chute, a removal device for buoyancy, and a horizontal hang-off system. According to MDL, the complete system will be mountable in different locations on the stern of the vessels, to facilitate... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that, in 2022, it exceeded the oil and natural gas production target, disclosed to the market in a material fact on November 24, 2021 and revised on January 14, 2022, within the considered margin of 4% for more or for less. Total oil and gas production was 2.684 million... Continue Reading →
Shell gave up selling the Parque das Conchas Cluster, in the Espírito Santo part of the Campos Basin. After receiving proposals, it opted to keep the asset in its portfolio. Shell received proposals from Enauta, PRIO and Karoon. The decommissioning of Parque das Conchas is scheduled for the end of the decade. Shell continues with... Continue Reading →
Japanese FPSO operator MODEC has confirmed that a new floating production storage and offloading (FPSO) vessel arrived in Brazil to get ready for work in the pre-salt Santos Basin for the country’s state-owned energy giant, Petrobras. In a recent social media post, MODEC reported that the FPSO Anita Garibaldi MV33, its newest production vessel, arrived in Brazil, where its... Continue Reading →
Brazil Energy Insight 