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Australia’s Karoon Energy has received a dispute notice from a partner in its operated Block Z-38, offshore Peru, due to an alleged breach of obligations related to the drilling of a second exploration well on the block. Karoon’s wholly-owned subsidiary, KEI (Peru Z‐38) Sucursal del Peru, owns a 40 per cent operating equity interest in... Continue Reading →
Consulting organisation Crondall Energy has been awarded a technical consultant role on the SBM Offshore-owned Liza Unity FPSO destined for ExxonMobil’s project off Guyana. Crondall said on Tuesday it would be supporting MUFG Bank Ltd (MUFG) as lenders’ technical consultant for the Liza Unity FPSO project financing. MUFG is acting as a technical bank on... Continue Reading →
The exploratory activity in the Campos Basin gained new impetus. Petrobras started drilling the well 1-BRSA-1380D-RJS, in a water depth of 2,849 meters, in block C-M-346. The area was purchased in 2018, in the 14th Bidding Round. As a reminder, this block was the star of that bid for having received the highest bid in... Continue Reading →
(epbr) Production at Pão de Açúcar, discovered at BM-C-33, pre-salt in the Campos Basin and operated by Equinor Brasil (35%), will have an unprecedented natural gas treatment system installed on the topside of the production platform itself. It was the solution found to deal with the great potential for natural gas production associated with the... Continue Reading →
Omni Táxi Aéreo, a leader in the Offshore transport segment, continues to support Petrobras' logistics operations and has just signed another 12 contracts with the company for the offshore transport of passengers and small cargo. The contracts were the subject of a bidding process carried out in September 2020 to update the existing fleet. Operations... Continue Reading →
U.S. oil and gas company Hess Corporation has increased its interest in an ExxonMobil-operated block located offshore Guyana on the back of recent oil discovery in the block. Kaieteur block off Guyana; Source: Ratio Petroleum Westmount Energy, one of the partners in the Kaieteur Block, on Monday noted the announcement by Ratio Petroleum that Hess... Continue Reading →
Brazilian oil company Petrobras has awarded offshore services provider Subsea 7 a "very large" contract for the delivery of subsea equipment for the Mero 3 deepwater field development, offshore Brazil. A very large contract, according to Subsea 7, is one worth between USD 500 and 750 million. The Mero-3 field is located some 200 kilometers... Continue Reading →
Danish offshore drilling company Maersk Drilling on Wednesday upgraded its financial guidance for the year 2021, on the back of improved contracting performance. "Maersk Drilling continues to demonstrate strong commercial and operational performance. Over the past months, Maersk Drilling has secured several new drilling contracts for execution in 2021, and further, Maersk Drilling has successfully - and... Continue Reading →
Subsea Integration Alliance, a partnership between OneSubsea and Subsea 7, has awarded offshore cable firm Nexans a contract to deliver umbilicals for Equinor's Bacalhau project offshore Brazil. Under the contract, Nexans will design, manufacture and deliver 44 km of steel tube umbilicals and accessories for Equinor's Bacalhau ultra-deepwater oil field development project. Equinor’s offshore project in... Continue Reading →
(OE) The number of FPSO leases set to expire in 2022 is significantly higher than the yearly average of ~3 since 2015, with the potential of 30 units becoming available by end of 2022, energy market research firm Westwood said Wednesday. Westwood says that under a scenario where no contract extensions are taken on currently... Continue Reading →
Brazil Energy Insight 