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African hydrocarbon producing countries are increasing oil and gas licensing rounds to be able to stabilize supply of hydrocarbons in years to come to meet growing energy demand as output in legacy projects declines. The introduction of more oil and gas exploration and production licensing rounds across Africa will enable the continent to make new... Continue Reading →
AET, a Singapore-based petroleum logistics unit of Malaysian energy logistics group MISC Berhad, has brought in the second of three Suezmax second-generation dynamic positioning (DP2) shuttle tankers, purpose-built for a long-term charter with Petrobras for operations in Brazil. Back in February 2020, AET inked a charter deal with Petrobras for three Suezmax DP2 shuttle tankers and the first... Continue Reading →
(Reuters) - An Exxon Corp-led consortia operating in Guyana has found new "attractive deep-water" oil prospects in the South American country, Hess Corp (HES.N) Chief Executive John Hess on Thursday during a web conference. Exxon operates the consortia responsible for all oil production in Guyana with a 45% stake, with partners Hess (30%) and CNOOC Petroleum (25%).... Continue Reading →
(EV) “There is a unique opportunity to invest in new projects, given the high prices, which we expect to remain high for a few years,” IHS technical researcher for Africa Ismini Katsimpardi said. “Projects that were not viable one or two years ago can now go ahead.” Katsimpardi talked through discoveries in Cote d’Ivoire, Namibia... Continue Reading →
(PN) The market is eagerly awaiting the outcome of the Petrobras tender, which provides for the contracting of up to eight drilling rigs. The opening of the envelopes with the proposals is scheduled for June 28, after two postponements. In all, ten companies are pre-qualified to participate in the competition: Ocyan, Ventura, Constellation, Stena, Seadrill,... Continue Reading →
The Marlim field revitalization project, in the Campos Basin, has recently achieved a new milestone. The Brazilian Institute of the Environment (Ibama) issued the installation licenses for the FPSOs Anna Nery and Anita Garibaldi. Both are expected to start producing in the field in 2023. The two platforms will be connected to 77 wells, 14... Continue Reading →
(Reuters) Suriname's state oil company Staatsolie plans to hold an auction for deepwater offshore blocks at the end of 2022 and another for shallow water blocks in mid-2023, the company's managing director told Reuters. The South American nation is a small onshore crude producer that is hoping to begin offshore output but has yet to... Continue Reading →
Colombian energy producer Ecopetrol ECO.CN aims to boost its oil and gas output by just over 40% to around 1 million barrels of oil equivalent per day (boepd) in 2030 and plans to start a pilot carbon capture storage (CCS) project, a senior company executive said. The projects are part of Ecopetrol's plan to ramp... Continue Reading →
FPSO supplier BW Offshore said Thursday that Shell had awarded it limited notice to proceed (LNTP) by Shell and its partners for early-stage engineering and supplier reservations for the supply of an FPSO for the Gato do Mato (Wild Cat) oil and gas field offshore Brazil. The LNTP is valued up to USD 50 million.... Continue Reading →
The FPSO Atlanta, contracted by the Brazilian oil company Enauta to Malaysia's Yinson for conversion to service the Atlanta Field offshore Brazil, will be operated under ABS Class. The Atlanta, which will serve as the Definity Production System at the Atlanta Field in the Santos Basin, offshore Brazil, is being converted in Dubai Drydocks World,... Continue Reading →
Brazil Energy Insight 