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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 →
(Reuters) The chief executive of Brazilian state-run oil company Petrobras said on Thursday the company must prepare for an "unavoidable" energy transition and wants to play a leading role in it. Jean Paul Prates highlighted in a conference call with analysts that Petroleo Brasileiro SA's deepwater operations put the company in a good position for wind... Continue Reading →
OneSubsea, a company of the SLB group (formerly Schlumberger), made a triple announcement: the signing of new equipment supply contracts for Petrobras, Enauta and PRIO (formerly PetroRio). In the agreement with Petrobras, OneSubsea will deliver 16 wet Christmas trees (ANMs) for the Buzios 10 project, in the Santos Basin pre-salt. OneSubsea also entered into two-phase... Continue Reading →
The Brazilian oil company Petro Rio on Wednesday announced production start-up for the MUP5 well in the Frade offshore field in Brazil. Petro Rio said that the stabilized initial production of approximately 8,000 barrels of oil per day, above original projections, increasing the Field’s production by 25% and the company’s production by 10%. With this... Continue Reading →
With a strong sense of accomplishment, we are very proud to share 2022 results. They are the synthesis of a long trajectory of huge challenges which were overcome, efficient management, consistent strategic choices which were vindicated and the focus on value generation, all of which are today reflected in excellent economic and financial results and... Continue Reading →
(Zacks)Transocean, Inc. RIG reported an adjusted net loss of 49 cents per share in the fourth quarter of 2022. The figure was wider than the Zacks Consensus Estimate of a loss of 19 cents per share. This underperformance can be attributed to a decline in revenues from contract drilling. Moreover, RIG’s bottom line declined from the... Continue Reading →
PRIO expects to increase investments by 180% in 2023, to US$ 600 million, and reach the end of the year with a production level of around 100,000 barrels/day, said the coordinator of the company's wells, Estevão Borges Pereira. The oil company intends to increase its production in the Campos Basin by 25% – currently around... Continue Reading →
Prosafe has provided a status report on its fleet of accommodation support rigs in its latest results review. Late last year Safe Zephyrus completed its contract with bp at ETAP in the central UK North Sea and is presently heading west from the Canary Islands to Brazil to start a program for Petrobras on May 1. Earlier this month, Safe... Continue Reading →
Brazil Energy Insight 