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The Brazilian group CBO announced this week the acquisition of another vessel to compose its offshore support fleet. The new vessel was built in 2011 and will be named CBO Wave. In addition, the vessel already has a signed contract to operate with Petrobras between 2022 and 2025. The CBO Wave is an RSV type... Continue Reading →
An offshore oil block in Ivory Coast controlled by Eni is expected to enter production in the second quarter of 2023 with daily output of 12,000 barrels of oil and 17.5 million cubic feet of gas, the Ivorian government said on Wednesday. Production will then ramp up in 2026 to between 75,000 and 100,000 barrels... Continue Reading →
(Offshore) Wood Mackenzie’s Global Upstream Outlook 2022 predicts a 9% increase in investments next year to more than $400 billion. The consultants expect more than 40 projects with resources of more than 50 MMboe to be sanctioned, with low-breakeven, low-carbon deepwater projects dominating greenfield final investment decisions. Fraser McKay, vice president upstream research, said: “Companies will allocate... Continue Reading →
Energy intelligence provider Wood Mackenzie, a Verisk business, believes that the oil and gas sector will continue to rebound in 2022, but the positive outlook will be tempered by concerns about its future. In its Global Upstream Outlook 2022, Wood Mackenzie points out the upstream industry must respond to the implications of the pledges made at COP26 and... Continue Reading →
(PetroNoticias) Petrobras can start the first operational tests to receive natural gas coming from the pre-salt at Gaslub, the former Comperj. The National Petroleum Agency (ANP) has already given the green light and authorized the start of these operations. After this phase, the tests of systems that will use natural gas to generate steam for... Continue Reading →
Oil major Shell has started drilling an exploration well in the Orange Basin offshore Namibia using a Valaris-owned drillship. The Graff-1 well is located in Block 2913A in the Orange Basin where Shell is the operator and its partners are QatarEnergy and the national oil company of Namibia, Namcor. QatarEnergy became Shell’s partner in two exploration... Continue Reading →
Fugro’s DP2 multipurpose vessel Atlantis Dweller has arrived in Luanda, the capital of Angola, ahead of an offshore survey that it will conduct for French energy major TotalEnergies. The 69.2-meter long vessel will be monitoring environmental conditions at multiple blocks off the coast of Angola to support infrastructure planning, environmental protection and resource management Fugro also recently... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that the National Agency of Petroleum, Natural Gas and Biofuels (ANP) approved, at the Collegiate Board Meeting No. 1074 held on December 9, 2021, the Production Individualization Agreement (AIP) of the Mero accumulation, located in the Santos Basin. The Mero joint reservoir comprises:• Mero Field area (Production Sharing Contract... Continue Reading →
(ON) Organizations such as the Paris-based International Energy Agency (IEA) have recommended that there be no new petroleum exploration projects if the world is to avoid more catastrophic effects of climate change. But another report by two recognized organizations is advising that countries take a cautious approach in this respect, or they could face damaging... Continue Reading →
Offshore drilling contractor Seadrill has secured a contract with Brazil’s oil and gas giant Petrobras for work in the Búzios field offshore Brazil, making it the third rig contract for Seadrill on the field. The contract was awarded to the West Jupiter drillship and it is for a firm term of 1,040 days with the start expected... Continue Reading →
Brazil Energy Insight 