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In recent weeks, rumors have grown that the state-owned company has suspended negotiations for the sale of Albacora In the presentation of the 2Q22 results to market analysts, PetroRio highlighted the importance of Campo Albacora, still under negotiation - called Albacora Oeste by the company to differentiate it from Albacora Leste, this the last one... Continue Reading →
The ANP published the Monthly Bulletin of the Production of Oil and Natural Gas, with the consolidated data of the national production in the month of June. Approximately 2,828 MMbbl/d (million barrels per day) of oil and 133 MMm3/d (million cubic meters per day) of natural gas were produced, totaling 3,664 MMboe/d (million barrels of... Continue Reading →
Japanese FPSO operator MODEC and its compatriot EPC company Toyo Engineering Corporation (TOYO) are setting up a joint venture for floating production storage and offloading (FPSO) vessels. As revealed on Friday, the two have executed an agreement for the establishment of a joint venture company for the Engineering, Procurement, Construction and Installation (EPCI) business of... Continue Reading →
Dutch FPSO leasing specialist SBM Offshore has ordered its latest Fast4Ward multi-purpose floater hull as it marked a new record level order book at $31.1 billion. The latest Fast4Ward floating production unit (FPU) is expected to be delivered in 2024, the firm said yesterday in its half year earnings. It also said it could have... Continue Reading →
U.S.-based energy giant ExxonMobil has picked another vessel from Kotug, a Dutch towage services provider, for operations entailing the provision of terminal towage support for two floating production, storage and offloading (FPSOs) units offshore Guyana. Kotug revealed on Tuesday that this deal was awarded by ExxonMobil’s subsidiary Esso Exploration and Production Guyana (EEPGL) and it... Continue Reading →
(TN) The average monthly production of 616,000 barrels of oil per day (bpd) achieved in June at the Búzios Field, in the pre-salt layer of the Santos Basin, is the highest monthly average volume recorded in this field since the beginning of its operation in April 2018. According to Petrobras, the total represents an operational... Continue Reading →
The National Petroleum Agency (ANP) extended the first exploratory period of four ExxonMobil blocks in Brazil. The measure will apply to areas SEAL-M-575, SEAL-M-637 and SEAL-M-505, in the Sergipe-Alagoas Basin; and also for block C-M-789, in the Campos Basin. The term extension was granted within the scope of ANP Resolution No. 815/2020, which allows for... Continue Reading →
With the recovery in the offshore drilling market underway, Transocean has secured new long-term contracts for two of its ultra-deepwater drillships, adding over $1.24 billion to its backlog. Transocean said on Monday that the ultra-deepwater drillship, Petrobras 10000, received a 5.8-year contract for work offshore Brazil with a national oil company. The contract adds an estimated... Continue Reading →
TechnipFMC has won a contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) for the gas-to-energy project offshore Guyana. Subject to final project sanction, TechnipFMC will provide engineering, procurement, construction and installation (EPCI) of subsea risers and pipelines. The project will connect the production from Liza Destiny and Unity back to shore, delivering associated gas from... Continue Reading →
(Reuters) - Renewables developer Cerluean Winds and Ping Petroleum UK have signed an agreement to create an offshore oil facility powered by wind energy in Britain, the companies said on Tuesday. Under the agreement, the production unit at Ping Petroleum’s Avalon site in the UK's North Sea will be powered by a floating offshore wind... Continue Reading →
