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Oil major ExxonMobil is in the final stages of testing the flash gas compression system on the Liza Destiny FPSO following technical issues and subsequent repairs. As previously reported, ExxonMobil started experiencing technical issues with the gas compressor on the SBM Offshore-owned FPSO Liza Destiny, which is working on the Liza field offshore Guyana, in January 2021. The... Continue Reading →
The Norwegian oil company Equinor recently decided on the concept of area development for block BM-C-33 in the Campos Basin. One of the main points of Equinor's undertaking will be the construction of an offshore pipeline, which will connect the platform vessel (FPSO) from the field to a gas receiving installation at the Cabiúnas Terminal,... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that its Board of Directors approved today the signing of the Agreement with the Federal Government, which establishes the stakes in each contract and the amount of compensation to Petrobras in the event of a bid for the Transfer of Rights´ surplus volumes in the fields of Sépia and... Continue Reading →
Sacanb Offshore will debut in the Brazilian drilling market in August. The Indian group signed a contract with Petrobras to charter the Sevan Developer mono-column rig. The deal is the result of a 2020 tender by the oil company for the chartering of a drilling rig intended for operations in 2,400 m water depth. Source:... Continue Reading →
The board of the National Petroleum Agency (ANP) approved the sale of 50% of Barra Energia's stake in the Atlanta field, in the BS-4 block, to Enauta. With the endorsement in hand and the 100% share of the asset, the operator is now looking for new partners to proceed with the development of the area.... Continue Reading →
Petrobras started a new exploratory campaign on the coast of Espírito Santo. The company started drilling a well in the offshore block ES-M-669, in a water depth of 2,366 meters, where it believes there is potential for pre-salt in the region. The ES-M-669 block was acquired during the 11th Bidding Round, held in 2013 by... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the production expected to start from Mero 1, through FPSO Guanabara, was postponed from the 4th quarter of 2021 to the 1st quarter of 2022. The FPSO will be installed in the Mero field, which belongs to the Libra Block, in the Santos Basin pre-salt area, with a processing... Continue Reading →
Italian oil and gas company Eni has made a new light oil discovery in Block 15/06, which is located in Angola’s deep offshore. Eni expects to start production from the well within six months through a fast-track tie-in to the Armada Olombendo FPSO. Eni said in an update on Tuesday that the well has been... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that today it signed agreements with BP Energy do Brasil Ltda (BP) to take over BP's entire stakes in six blocks, located in ultra-deep water in northern Brazil, approximately 120 km from the state of Amapá, in a high-potential exploratory frontier on the Brazilian equatorial margin. The six blocks... Continue Reading →
Japan’s floating solutions provider MODEC has made changes to its executive management team following the resignation of its President and CEO. In an update last Friday, MODEC shared that Yuji Kozai had offered to resign from the office of Representative Director, President & CEO, as well as the office of Director, for reasons of ill-health. Following the... Continue Reading →
Brazil Energy Insight 