Brought to you by Quest Offshore & Southern Cone Consultants
(PN) Petrobras' revitalization plans for the Marlim field will bring new investments to the Campos Basin. The National Petroleum Agency (ANP) approved the new version of the field development plan presented by the oil company. Altogether, the program foresees investments of US$ 3.8 billion for Marlim and another US$ 60 million for the neighboring field,... Continue Reading →
U.S. oil major ExxonMobil plans to order another floating production storage and offloading (FPSO) vessel for a project in Guyana from the Dutch FPSO operator, SBM Offshore. SBM Offshore said in a short statement on Wednesday that it has signed a Memorandum of Understanding (MOU) with ExxonMobil Guyana for the construction of a multi-purpose floater... Continue Reading →
U.S. oil major ExxonMobil has made a discovery at the Bavuca South-1 exploration well at the Block 15, offshore Angola. The well encountered 30 meters (98 feet) of high-quality, hydrocarbon-bearing sandstone. It is located approximately 365 kilometers northwest off the coast of Luanda and was drilled in 1,100 meters (3,608 feet) of water. ExxonMobil usied the... Continue Reading →
Prysmian Group has expanded its cable-laying fleet to five vessels with the addition of the ultra-shallow-water barge Barbarossa I. With the addition of Barbarossa I, Prysmian said it can now provide the full range of subsea cable-laying solutions, from the shallowest coastal waters in Northern Europe to the profoundest depths of the Mediterranean Sea and can execute... Continue Reading →
Offshore drilling company Diamond Offshore said Monday it had received a notification of award of a new drilling program with Petrobras in Brazil. The soon to be signed four-year contract is for the semi-submersible offshore drilling Ocean Courage. Petrobras will have an option to extend the contract for an additional four years. The total estimated... Continue Reading →
Brazilian oil company Enauta said Monday that production from its Atlanta offshore field in Brazil had been interrupted. "The initial assessment is that this is an operational problem on the surface. The current production of the field is 7,500 bbl/day," Enauta said. The Atlanta Field is operated by Enauta, which owns 100% of the asset.... Continue Reading →
(Reuters) Norwegian oil and gas major Equinor on Monday said it was interested in developing a "gigawatt scale" floating offshore wind project off the coast of Britain in the Celtic Sea in connection with an upcoming seabed leasing round. The project is part of Crown Estate plans to offer leases to the industry next year,... Continue Reading →
(Reuters) - Petrobras plans to receive an environmental license from Ibama this year to drill a well in the Foz da Rio Amazonas Basin, off the coast of Amapá, one of the oil company's major exploratory bets. If the license is granted, it would occur before the change of government of Jair Bolsonaro (PL) to... Continue Reading →
(Reuters) Guyana, one of the world's hottest oil drilling zones, will offer 14 offshore exploration blocks under terms that "significantly" increase its share of oil revenue, the South American nation's vice president said on Thursday. Officials this week approved an oil lease auction with timing details to be disclosed by the Ministry of Natural Resources.... Continue Reading →
(Reuters) - Brazil's state-run oil firm Petrobras (PETR4.SA) on Thursday posted a stronger than expected 48% surge in third-quarter profit, the latest in a string of stellar quarters under market-friendly managers whose days may be numbered. Petroleo Brasileiro SA, as it is formally known, reported net profit of 46.1 billion reais ($9.01 billion) or 3.56 reais a... Continue Reading →
Brazil Energy Insight 