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In 2021, offshore accommodation provider Prosafe saw its vessel utilisation more than double when compared to the previous year and reach the highest rate since 2015. In an update on Friday, Prosafe reported that its fleet utilisation rate in 4Q of 2021 was 59.3 per cent compared to 25 per cent in 4Q 2020. The... Continue Reading →
Fugro has secured a subsea survey and positioning contract with Maersk Supply Service to support the installation of an anchoring system for the floating production storage and offloading (FPSO) vessel Sepetiba at Petrobras’ deepwater Mero 2 project in Brazil. For the project, Fugro will use its QuickVision augmented reality camera to help guide the installation... Continue Reading →
(Reuters) - The heads of state of Brazil, Guyana and Suriname this week will take the first steps toward forging an infrastructure that would better share the neighboring South American countries' energy and natural resources. Brazil's President Jair Bolsonaro is expected to arrive in Suriname on Thursday, and will travel on Friday with the head... Continue Reading →
Demand for wet Christmas trees in 2022 will hit the highest level in nearly a decade, according to a new forecast from Westwood Energy. The company predicts that the global oil and gas sector can hire up to 354 units, the highest number recorded since 2013. The forecast considers that the barrel of oil should... Continue Reading →
Australia’s FAR Limited is working towards expediting the evaluation of results encountered during the drilling of the Bambo-1 exploration well offshore The Gambia, hoping to devise a new exploration plan. FAR feels encouraged by the data collected during the drilling programme, believing there is a prolific oil source in the area, despite encountering no moveable... Continue Reading →
Brazilian oil and gas company Enauta has signed agreements with Altera to extend the charter, operation, and maintenance of Petrojarl I FPSO for the Early Production System (EPS) of the Atlanta field located offshore Brazil. Located in the Santos Basin, the Atlanta field is operated by Enauta Energia, a wholly-owned subsidiary of the company, which also has... Continue Reading →
(OE) Oil and gas firm Eco Atlantic has increased its stake in JHI Associates by acquiring additional 800,000 common shares in JHI in return for 1,200,000 new common shares in Eco. "The purchase of the 800,000 common shares in JHI is expected to be completed on 21st January 2022, increasing the total number of shares... Continue Reading →
(PN) Equipment capable of separating CO2-rich gas from oil at the bottom of the sea. Petrobras, operator of the Libra consortium, started selecting suppliers to execute the project, build, install and carry out HISEP® tests, a technology patented by the company that aims to separate and reinject, even at the bottom of the sea, the... Continue Reading →
Petrobras sets another annual pre-salt production record in 2021, reaching the mark of 1.95 million barrels of oil equivalent per day (boed). This volume corresponds to 70% of the company's total production, which was 2.77 million boed last year. The previous record was set in 2020, when the level of 1.86 million boed was reached,... Continue Reading →
(PN) The Brazilian Institute of the Environment (IBAMA) granted the operating license for Shell to carry out the drilling activity in block C-M-791, in the Campos Basin. The document is valid for 5 years and authorizes the drilling of up to three exploratory wells in the region. Drilling in the block will be carried out... Continue Reading →
Brazil Energy Insight 