CGX Energy moving forward with demobilisation activities off Guyana

Canadian oil and gas company CGX Energy will continue with the demobilisation of exploration drilling offshore Guyana, according to the Guyanese Maritime Administration Department. In its notice to mariners on Friday, the department confirmed CGX Energy’s demobilisation of exploration drilling is underway within the CGX-operated Corentyne block – where the Kawa-1 well is located – in Guyana’s Exclusive Economic... Continue Reading →

December 28, 2021 0

Reducing Risk Across the Lifecycle of Floating Production Assets

Using digital transformation to mitigate risks and increase performance of offshore rigs(OE) Floating production storage and offload vessels (FPSOs) are among the largest investment trade-offs an oil and gas producer will make. On the one hand, these immense vessels offer the promise of exponentially increased production and storage flexibility over onshore counterparts. On the other,... Continue Reading →

December 28, 2021 0

TOTALENERGIES RECEIVES A LICENSE FOR DRILLING IN THE CAMPOS BASIN

The Brazilian Environmental Institute (Ibama) granted the operating license to TotalEnergies to drill new wells in block C-M-541, in the Campos Basin. Valid for 5 years, the license authorizes the drilling of two exploratory wells (Marolo and Ubaia) and another three contingency wells by means of the Valaris DS-15 drillship. The license issued by Ibama... Continue Reading →

December 28, 2021 0

FAR finds no moveable oil in Gambian well

Australia’s FAR Limited is encouraged by oil shows and potential reservoirs encountered in the Bambo-1 exploration well offshore The Gambia despite no live oil columns being present. The well is located in Block A2 where FAR is the operator with a 50 per cent interest while its joint venture partner, PC Gambia – a subsidiary... Continue Reading →

December 23, 2021 0

Petrobras on the Tupi and Iracema Development

Petróleo Brasileiro S.A. – Petrobras informs that, as the operator of the Tupi Field, submitted, today, to the National Petroleum, Natural Gas and Biofuel Agency (ANP), the review of the Integrated Development Plan (PD) of the Shared Deposit of Tupi and the Iracema Area. In this revision, the Tupi Consortium proposes new investments to increase... Continue Reading →

December 23, 2021 0

Brazil: The end of the large pre-salt auctions

(Valor) The auction of the surplus volumes from the transfer of rights in Sépia and Atapu, carried out by the National Petroleum Agency (ANP) on Friday, marked the end of the large pre-salt auctions. A survey shows that, eight years after the bidding for the Libra area (today Mero), the first round under the country's... Continue Reading →

December 22, 2021 0

Argeo marks entry into Brazil’s oil & gas sector with AUV deal

Norwegian marine survey contractor Argeo has signed an agreement with an undisclosed client to provide autonomous underwater vehicle (AUV) services in the Brazilian oil and gas sector. The project is scheduled to commence early in the first quarter of 2022 and includes the possibility of being extended. According to Argeo, the agreement represents a potential start... Continue Reading →

December 21, 2021 0

Yinson, Enauta Pen LoI for Atlanta Field FPSO

Malaysian FPSO contractor Yinson has signed a Letter of Intent with the Brazilian oil company Enauta Energia for the provision, operation, and maintenance of an FPSO at Enauta's Atlanta field in the Santos Basin, offshore Brazil. Enauta has been producing oil from the field using the FPSO Petrojarl I as an Early Production System, and has... Continue Reading →

December 20, 2021 0

Petrobras on Results of the 2nd Bidding Round for the Transfer of Rights Surplus in the Production Sharing Agreement

Petróleo Brasileiro S.A. – Petrobras informs that it has acquired the exploration and production rights of the volumes exceeding those of the Transfer of Rights in the Atapu and Sepia offshore fields in the 2nd Bidding Round for theTransfer of Rights surplus under the Production Sharing Regime, held today, by the National Agency of Petroleum,... Continue Reading →

December 17, 2021 0

SBM Offshore completes US$620 million bridge loan for FPSO Alexandre de Gusmão

SBM Offshore is pleased to announce that it has secured a US$620 million bridge loan facility for the financing of the construction of FPSO Alexandre de Gusmão. The FPSO Alexandre de Gusmão will be deployed at the Mero field in the Santos Basin offshore Brazil. Mero is a project under Libra Consortium responsibility, in which... Continue Reading →

December 17, 2021 0