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(Offshore Energy) Malaysian FPSO operator Yinson has decided to review its business with an intention to unlock the value of its offshore production segment, exploring options like IPO or strategic partnerships. Yinson revealed on Tuesday that, as part of the group’s medium-to-long-term strategy to ensure that it is prepared and fit for future growth, the... Continue Reading →
(ON) The extent of the development projects offshore Guyana within such a short space of time since the first oil discovery in 2015 is being viewed as ‘unbelievable’ by Norway-based energy research and business intelligence company, Rystad Energy. Now, the South American country, unknown on the oil map just seven years ago, is on track... Continue Reading →
(ON) The unprecedented oil and gas discoveries unfolding in the Guyana-Suriname basin are of historic proportions and make the region stand out as one of the most exciting hot spots the industry has seen in decades. “The Liza-1 well will be equated with the 1-RJS-628 well in terms of discovering a major petroleum province in... Continue Reading →
(Offshore Energy) Brazilian oil and gas company Enauta has decided to exercise its option to extend the contracting of a drilling rig chosen for operations on its Atlanta field, located offshore Brazil, adding two additional wells to the scope of work covered by the original contract. Back in January 2022, Enauta entered into a time... Continue Reading →
(OE) Italian oil company Eni has started production from the Ndungu Early Production (EP) development offshore Angola. The field, located in Block 15/06 of the Angolan deep offshore has been developed via the Ngoma FPSO vessel. "The start-up of Ndungu EP is yet another example of how Eni Angola, in full cooperation with Agência Nacional... Continue Reading →
TechnipFMC first shipment of rigid pipelines from its spoolbase in Brazil TechnipFMC will carry out the first shipment of rigid pipelines from its spoolbase in Porto do Açu, in São João da Barra (RJ), installed in the Dome area (Prumo's joint venture with GranIHC). The operation will start on Friday), marking the supply of the... Continue Reading →
Energy intelligence group Rystad Energy expects the gas output from Sub-Saharan Africa to double by 2030, driven by the development of offshore deepwater resources. Untapped natural gas supplies in Sub-Saharan Africa are set to be unleashed this decade, with output more than doubling from 1.3 million barrels of oil equivalent per day (boepd) in 2021... Continue Reading →
French oil major TotalEnergies said Thursday it had made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia. TotalEnergies said that its Venus 1-X well encountered approximately 84 meters of net oil pay in a good quality Lower Cretaceous reservoir.... Continue Reading →
In 4Q21, Petrobras posted solid operational and financial results. According to Petrobras’ CEO, Joaquim Silva e Luna, “Petrobras generated consistent results in 4Q21, demonstrating that a healthy company committed to society is capable of growing, investing, generating jobs, paying taxes and returning money to its shareholders, effectively contributing to the country’s development. None of this... Continue Reading →
Transocean to sign a new charter contract with Petrobras. The company took the lead in the oil company's new request for quotation aimed at the international bid to carry out a drilling campaign in the Tayrona area, located offshore Colombia. According to PetróleoHoje, the two companies have already settled most of the commercial terms. The... Continue Reading →
Brazil Energy Insight 