Australian oil and gas firm FAR has started drilling at the Bambo-1 exploration well in Block A2, offshore The Gambia. "The Stena IceMax drillship arrived on site on 12 November Gambian time and after completing preparations, has successfully spudded the well," FAR said Monday. The Bambo-1 well sits around 85km offshore The Gambia, in 930... Continue Reading →
Malaysian FPSO Firm Yinson Signs $5.2B LoIs with Petrobras for IPB FPSO Charter and Operations
Malaysian FPSO supplier Yinson has signed two letters of intent with by Brazilian oil company Petrobras for the charter, operations and maintenance of Integrado Parque das Baleias (“IPB FPSO”), a floating, production, storage, and offloading vessel in the North Campos Basin, offshore Brazil. "The LOIs were issued to Yinson Production Pte Ltd, an indirect wholly-owned... Continue Reading →
Petrobras on FPSO for Parque das Baleias
Petróleo Brasileiro S.A. – Petrobras informs that it signed today a Letter of Intent with Yinson Production PTE Ltd. for the chartering and provision of FPSO services for the Parque das Baleias Integrated Project, to be installed in the Jubarte Field, located in the northern part of the Campos Basin. The FPSO, which stands for... Continue Reading →
ENAUTA FORESEES DRILLING IN SERGIPE-ALAGOAS STILL IN 4Q21
(PetroleoHoje) The consortium formed by ExxonMobil (50%), Enauta (30%) and Murphy (20%) should drill the first well in the Cutthroat prospect, in the Sergipe-Alagoas Basin, still in 4Q21. Enauta will invest US$ 8 million in this well. The prospect to be drilled in the SEAL-M-428 block extends to the SEAL-M-351 block, which has the same... Continue Reading →
PRODUCTION SHARING: OPTION FOR THE PERMANENT OFFER
(PetroleoHoje) Brazil has great chances of not holding any numbered rounds in 2022, but only permanent offers. The issue, which has been analyzed by the Ministry of Mines and Energy, concerns not only the 18th round, scheduled for 2022, but also the sharing auctions. The information was confirmed by government sources, anticipating that the assessment... Continue Reading →
EXCLUSIVE Exxon in talks to build fourth oil production rig for Guyana
(Reuters) - Exxon Mobil (XOM.N) is in discussions with Dutch contractor SBM Offshore NV (SBMO.AS) to build a fourth multibillion-dollar production unit to develop its Guyana oil discoveries, two people close to the negotiations said. The talks include the potential for some future platform assembly in Guyana, the people said. Guyana hopes to develop an oil industry infrastructure to... Continue Reading →
TGS, BGP, CGG kick off 3D seismic survey off Suriname
A consortium of TGS, CGG and BGP has commenced the acquisition for Phase 1 of the Suriname 3D project. Last month, the seismic trio signed a multi-client agreement with Suriname’s national oil company Staatsolie for multi-client seismic programs. The new seismic data from the consortium’s multi-client programs will be instrumental in accurately delineating the prospectivity and potential of this... Continue Reading →
SBM Offshore Revises Revenue Guidance on FPSO JV Deferral
Oil services group SBM Offshore on Thursday revised its full-year revenue guidance, citing a deferral in the expected timing of a floating production storage and offloading (FPSO) joint venture. The Dutch company, which supplies floating oil and gas production vessels, now predicts 2021 revenues of "above" $2.3 billion, from around $2.6 billion previously. SBM said... Continue Reading →
Petrobras Taps PXGEO for OBN Survey Offshore Brazil
Offshore seismic surveyor PXGEO has been awarded an ocean bottom node survey contract in Brazil. PGXEO said that the project, awarded by the Brazilian oil company Petrobras, would start in the second quarter of 2022. The contract will last for around three months. In June 2021, PXGEO acquired Fugro's subsidiary Seabed Geosolutions, a company specializing in... Continue Reading →
Pre-salt and the New Gas Law are growth opportunities for the Brazilian pipeline sector
The pipeline sector has great potential for expansion with the opening of the natural gas market and greater pre-salt production, in addition to being a transport alternative that allows the movement of large volumes of fuel with lower gas emissions. The president of the IBP, Eberaldo de Almeida Neto, highlighted that Petrobras' divestments in the... Continue Reading →