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Subsea 7 ended 2021 with excellent operational and financial performance. Revenue reached US$ 5 billion, representing growth of 45% compared to the previous year. The company's EBITDA reached US$ 521 million, an increase of 55% compared to 2020. Net income for the year was US$ 36 million. The global order backlog hit the $7.2 billion... Continue Reading →
(PetroleoHoje) Transocean and Maersk Drilling continue in the dispute for the charter of the rig that will operate alongside the West Saturn unit for Equinor, drilling the development wells of the Bacalhau project, in the Santos Basin. The two groups presented the best proposals, being selected to proceed with the negotiation process with the Norwegian... Continue Reading →
(Reuters) Brazil this decade expects to gradually add 3 million barrels per day of oil and gas to its production but cannot speed up those plans to offset a ban on Russian oil, top oil regulator Rodolfo Saboia told Reuters last week. One of the largest and fastest-growing non-OPEC oil producers, the South American country... Continue Reading →
The National Petroleum Agency (ANP) approved the request for declaration of commerciality for Wahoo, in the Campos Basin, operated by the independent oil company PetroRio. The request had been filed by the company at the end of last year. The field is located in block C-M-101 and has 126 million recoverable barrels of oil (1C),... Continue Reading →
(OE) Offshore drilling contractor Stena Drilling said in a social media post it was preparing to introduce the newest addition to its drilling fleet, the Stena Evolution drillship. "The Stena Evolution will be a technologically advanced 7th Generation ultra-deepwater drillship, and demonstrates Stena Drilling’s continued commitment to driving innovation and performance in the ultra-deepwater sector,... Continue Reading →
(PetroleoHoje) Petrobras found signs of oil in the Três Marias discovery, which was originally notified to the ANP with only signs of gas. The regulatory agency informed that there was an update of the information sent in the first Notice of Discovery, which was made available on the ANP website in January this year. The... Continue Reading →
(PetroleoHoje) Petrobras will carry out a 3D seismic acquisition campaign with nodes and gravimetric and magnetometric surveys in Iara, in the Santos cluster. The mapping will involve the shared deposit of Atapu and the fields of Berbigão and Sururu. The 3D seismic acquisition service will be contracted through a recently launched tender by the oil... Continue Reading →
(PetroleoHoje) The dispute over the SURF service contract for the final Atlanta project is expected to be between Sapura and McDermott. The information was confirmed by sources at PetróleoHoje, anticipating that the contracting process will be defined by the end of March. In addition to Sapura and McDermott, TechnipFMC was also classified by the oil... Continue Reading →
(PetroleoHoje) Petrobras started drilling a wildcat well in the Dois Irmãos block, in the pre-salt layer of the Campos Basin, last Friday. The Ocean Courage rig drilled in a water depth of 2,769 m. The unit was also used to drill the Alto do Cabo Frio Central wildcat well, in the pre-salt layer of the... Continue Reading →
(Offshore Energy) Oil and gas giants BP and Eni have signed an agreement to form a new 50/50 independent company in Angola through the combination of the two companies’ Angolan businesses. The new company will be named Azule Energy and it is expected to be Angola’s largest producer. The agreement follows the memorandum of understanding between the... Continue Reading →
Brazil Energy Insight 