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After making a few stops on the way, a floating, production, storage and offloading (FPSO) vessel, destined for Petrobras’ revitalisation project, has arrived in Brazil. Letters of Intent for this FPSO project were awarded to Malaysia’s Yinson in October 2019 by Petrobras. Several months later, the two players entered into definitive contracts and in April 2020, Sumitomo... Continue Reading →
(U) Shell expects to decide on sanctioning Gato do Mato, its biggest new Brazilian offshore project, within the next three months – after re-evaluating its viability in the light of supply constraints and rising costs in recent months. The UK-based supermajor has been working on contracting arrangements for a project that will feature a floating... Continue Reading →
(EV) TotalEnergies plans to continue pressing ahead with short-cycle projects in Angola but also add a new hub on the Cameia-Golfhino finds. Patrick Pouyanné, speaking during the company’s strategy and outlook presentation, highlighted the attractiveness of Angola’s role in Total’s portfolio. The company aims to take a final investment decision on the new Angola hub... Continue Reading →
One of Seadrill’s drillships has arrived in Brazil to complete testing operations ahead of its three-year contract with Petrobras. Seadrill secured two contracts with Petrobras for the West Carina and West Tellus rigs back in November 2021. Both agreements, for work on the Búzios field, were signed on a three-year fixed-term basis with a planned start date... Continue Reading →
(Reuters) - Petrobras is set to present its new strategic plan for the coming years in November, an executive for Brazil's state-run company said on Wednesday, hinting it should be "consistent" with the current focus on offshore oil formation known as pre-salt. During an oil and gas event in Rio de Janeiro, Petrobras' executive director... Continue Reading →
(TN) Petrobras' divestment strategy was instrumental in boosting competitiveness and expanding production from mature fields in the country. The percentage of mature concessions operated by companies other than Petrobras - increased from 16% in 2010 to 38% in 2021. During this period, the number of operating companies jumped from 24 to 44. companies have given... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that today it signed a contract with Keppel Shipyard Limited for the construction of the P-83 platform, as a result of the advancement of the Búzios field development project, in the Santos Basin pre-salt area. The P-83 will be able to produce up to 225 thousand barrels of oil... Continue Reading →
Italian oilfield services giant Saipem has won two new contracts in Ivory Coast worth around one billion euros in total. The contracts have been assigned by ENI Cote d’Ivoire-Petroci consortium for the Baleine Phase 1 Project, for the development of the oil and gas field offshore Ivory Coast located at a 1,200 m water depth.... Continue Reading →
(Reuters) - Guyana's economic growth could reach close to 60% this year, the International Monetary Fund said in a statement on Tuesday, urging cautious policies even as the tiny South American nation benefits from surging oil production. "Overall real GDP growth rate is projected to be 57.8% in 2022," the IMF said in a statement... Continue Reading →
(U) Petrobras is confident of getting over the final hurdle and obtaining environmental permits to drill at a location close to the maritime frontier of French Guiana Brazil's Petrobras is set to conduct a pre-operational simulation as the final step to obtaining environmental permits to drill a landmark wildcat in the northern Brazilian offshore play... Continue Reading →
Brazil Energy Insight 