Brazilian oil company Petrobras has extended the contract with offshore accommodation firm Prosafe for the use of the Safe Notos semi-submersible flotel. Petrobras will use the Safe Notos for safety and maintenance support offshore Brazil. The original three years and 222-day firm period was due to complete in July 2020, had previously been extended through to mid-November... Continue Reading →
THE FIRST COMPANIES APPROVED FOR THE AUCTION OF SURPLUS VOLUMES OF SEPIA AND ATAPU ON DECEMBER 17
The list of the first companies that were approved for the second auction of surpluses from the Transfer of Rights, scheduled for December 17th, was released. The Special Bidding Commission of the National Petroleum Agency (CEL/ANP) gave the approval to eight companies during a meeting held this week. According to the regulatory body, the list... Continue Reading →
Wilson Sons invests in the port support market for the oil and gas industry
With the largest fleet of tugs in Brazil, the company stands out in towing operations for the O&G sector With the recent demand and oil prices recovery in the international market, large companies are starting to move forward with new projects. A study carried out by Wilson Sons, the largest integrated operator of port and... Continue Reading →
EXXONMOBIL WILL INVEST MORE IN GUYANA AND BRAZIL
(PetroleoHoje) ExxonMobil is planning higher capex for the year 2022 due to the Yellowtail and Bacalhau projects, located in Guyana and Brazil, respectively, said senior vice president and CFO Kathy Mikells. If approved by Exxon's board of directors, next year's capex will jump from the current level of $16 billion to $19 billion to $20... Continue Reading →
Guyana to Auction New Offshore Oil Blocks by Q3 of 2022
Guyana plans to auction new blocks for offshore oil exploration by the third quarter of 2022, Vice President Bharrat Jagdeo said late on Monday. A consortium led by Exxon Mobil is responsible for all output in Guyana, Latin America's new oil frontier, since the vast Stabroek block began producing in 2019. About 10 billion barrels... Continue Reading →
Guyana: ExxonMobil’s Third Well in Canje Offshore Block Disappoints
Sapote-1, ExxonMobil's third well in the Canje Block offshore Guyana, has, after the first two wells, Bulletwood-1 and Jabillo-1, failed to unearth evidence of commercial hydrocarbon volumes, too. Westmount Energy, an indirect partner in the Canje Block through its stake in JHI Associates, the Sapote-1 well on the Canje Block was drilled in 2,549 meters of water by... Continue Reading →
Record Number of Floating Production System Awards Expected Over the Next 18 Months
(OE) Around 30 production floater contracts are now queued up for award over the next 18 months, assuming no major market disruption occurs and the supply chain can absorb the orders within this time frame. That’s the conclusion of an in-depth market analysis just completed by IMA/WER. The market surge is being driven by crude... Continue Reading →
ONESUBSEA WINS A THREE-YEAR CONTRACT TO PROVIDE SUBSEA SERVICES IN PETROBRAS FIELDS
OneSubsea, a Schlumberger company based in Houston, Texas, United States, has signed a contract with Petrobras for subsea services in fields off the coast of Brazil, including inspection, maintenance, repairs, upgrades and parts supply, as well as installation services and commissioning. The contract is worth over US$200 million. The agreement includes a market differential by... Continue Reading →
PETROBRAS EVALUES DELAY RISK OF THE ALMIRANTE BARROSO FPSO AND RELAUNCHING REFINERY DIVESTMENTS
(PetroNoticias) Vaccination against covid-19 is advancing around the world, but the effects of the pandemic still reverberate in some economic activities. In the case of Petrobras, for example, the company is evaluating possible effects of the pandemic on the works of the FPSO Almirante Barroso, which will be installed in the Buzios field. “In relation... Continue Reading →
“It’s alive!”: Offshore Drillers Start Resuscitating Idle Drillships
Offshore drilling rig reactivations have begun as utilization and dayrates continue their rapid recovery, Esgian's Teresa Wilkie writes. We expected it to happen just not necessarily this soon. But now it’s official, several cold-stacked rigs are about to be reactivated for new jobs in the Golden Triangle, and Valaris is taking the lead. Just last... Continue Reading →
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