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Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/12/2021, informs that today it received cash payment of US$ 2.9 billion for the obligations of its partners CNODC Brasil Petróleo e Gás Ltda. (CNODC) and CNOOC Petroleum Brasil Ltda. (CNOOC) in the Búzios Coparticipation Agreement (Agreement). With this payment, Petrobras will issue... Continue Reading →
Brazilian oil company Petrobras has contracted awarded contracts for two pipelay support vessels owned by DOF and TechnipFMC. Oslo-listed DOF Subsea said Tuesday that the contracts, for three years each, are for the vessels Skandi Vitória and Skandi Niteroi, secured via JV partner TechnipFMC and via Norskan Offshore, respectively. Both vessels are Brazilian-built and flagged and owned... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that today it began producing oil and natural gas from FPSO Carioca, the first platform in Sépia field, in the Santos Basin pre-salt. The platform, a FPSO type (floating production storage and offloading unit of oil and gas), is located approximately 200 km off the coast of the state... Continue Reading →
Canadian-based firm Frontera Energy and CGX Energy have started drilling at the Kawa-1 exploration well, offshore Guyana, using Maersk Drilling's Maersk Discoverer semi-submersible drilling rig. Also, the firms have exercised the option to drill a second well with the rig. The Kawa-1 well spudded on Sunday, August 22, and it is expected to reach total... Continue Reading →
Maersk Supply Service has secured a one-year contract extension for one of its I-class subsea support vessels with an undisclosed “major” oil operator in Angola. Under the contract, Maersk Supply will provide full inspection, repair and maintenance (IRM) services supported by one of its I-class vessels, as well as project management and engineering services. The... Continue Reading →
Oil major ExxonMobil has decided to postpone selecting the prospect target for the second well on the Kaieteur Block offshore Guyana by seven months. Westmount Energy on Monday noted the announcement on Sunday by one of the partners, Ratio Petroleum, that the date for elective nomination, by the operator, of the prospect target for the second... Continue Reading →
Petrobras disqualified this week the proposal of the company Yinson form the construction of the Parque das Baleias FPSO, the only one that made bid in the tender. According to the oil company, in a decision published on the Petronect portal, Yinson's offer was “above the estimate”. Even after months of negotiations, the two sides... Continue Reading →
Australian oil and gas company Karoon Energy has this week named Ray Church as Executive Vice President and Chief Financial Officer. Church will start with Karoon on September 27. 2021. Current Chief Financial Officer, Scott Hosking, will oversee the preparation of Karoon’sfinancial statements for the year ended June 30, 2021, and will step down from... Continue Reading →
French energy giant TotalEnergies has exercised an option for the extended use of one of Maersk Drilling's offshore drilling rigs in Suriname. TotalEnergies, which became the operator of the prolific Block 58 in January where it has in the past year with partner Apache struck several oil discoveries, has now added one additional appraisal well to the... Continue Reading →
(Reuters) - The world's newest oil-producing nations grabbed the spotlight at this week's Offshore Technology Conference with ambitious plans to tap oil and gas discoveries in a race against a global energy transition to lower-carbon fuels. At the conference highlighting renewable and cleaner-burning fuels and investors moving bets away from fossil fuels, Brazil, Ghana, Guyana,... Continue Reading →
Brazil Energy Insight 