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Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on November 19, 2021, informs that the drill-stem test in the wildcat well 1-BRSA-1381-SPS (Curaçao), located in the Pre-salt section in the southwestern portion of the Santos Basin, has been successfully completed. The discovery in the Aram Block is located 240 km from the... Continue Reading →
Offshore drilling company Transocean said Thursday that its Deepwater Atlas, the world's first 8th generation drillship, had started its first contract. The offshore drilling rig, delivered by Singapore's Sembcorp Marine in June, is under a contract with Beacon Offshore Energy in the U.S. Gulf of Mexico. The Deepwater Atlas is the first of two ultra-deepwater drillships... Continue Reading →
Brazilian oil and gas player Enauta has interrupted production from a well located on a field offshore Brazil ahead of the original schedule and prior to embarking on its new drilling campaign next month. Enauta reported the interruption of production from the well 7-ATL-3H-RJS, which is located at the Atlanta field, on Wednesday. The Brazilian player... Continue Reading →
(U) UK contractor TechnipFMC is on track this year to win new orders totaling almost $7 billion from the subsea sector alone — up as much as 40% year-on-year, and the contractor’s opportunities list is at a record high. “Extending the outlook into 2023, we believe orders over the next five quarters will be at... Continue Reading →
(OM) Petrobras has issued an update on the latest FPSOs added to its fields offshore Brazil. On June 21, the P-68, which operates in the Berbigão and Sururu fields in the Santos Basin, reached full production capacity and earlier this month achieved a production record of 161,000 bbl/d. This was above the floater’s nominal capacity and followed... Continue Reading →
U.S. oil and gas major ExxonMobil has made two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, adding to its extensive portfolio of development opportunities. ExxonMobil has made more than 30 discoveries on the block since 2015, and it has ramped up offshore development and production at a pace that... Continue Reading →
The ANP Special Bidding Commission (CEL) qualified five more companies registered in the OPP to participate in the 1st Cycle, which will be held on 12/16/2022: BP Energy do Brasil Ltda, Ecopetrol Óleo e Gás do Brasil Ltda, Petronas do Brasil Ltda, Qatar Energy do Brasil Ltda and Total Energy EP do Brasil Ltda. Petrobras,... Continue Reading →
In 3Q22, Petrobras kept a solid operating performance, with average production of oil, NGL and natural gas reaching 2.64 MMboed, virtually in line with 2Q22. Results in 3Q22 fully contemplate the impacts of the production sharing contracts related to the Transfer of Rights Surplus Volumes of Atapu and Sepia - which became effective on May... Continue Reading →
(Reuters) Portuguese oil and gas company Galp Energia reported a 16% increase in adjusted third-quarter profit on Monday, thanks to soaring oil prices and a near-doubling of its refining margin. Oil and gas companies around the world received a boost after Russia's invasion of Ukraine sent energy prices soaring just as demand was rapidly recovering... Continue Reading →
Norwegian DOF Subsea has secured a three-year contract for two multipurpose support construction vessels (MPSVs) with Esso Exploration & Production Guyana. DOF Subsea will perform inspection, maintenance, and repair (IMR), well-intervention support, and light subsea construction activities to support the “growing” subsea infrastructures in the Stabroek Block offshore Guyana. The two MPSVs, featuring 250-ton AHC cranes and work-class... Continue Reading →
Brazil Energy Insight 