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Smack dab in the middle of an oil price crisis caused by an unprecedented demand loss, Exxon announced the latest in a string of discoveries off the eastern South American shore, this time in Suriname. It must have felt like adding insult to injury for OPEC producers and reckless behavior for investors, but offshore oil... Continue Reading →
Australian oil and gas company BHP, working to develop the Trion field offshore Mexico, has hired DNV GL to verify that the new infrastructure built for the Trion project is compliant with local and global safety, as well as other requirements. BHP acquired the Trion asset in Mexico’s first-ever Deepwater Bid Round in 2016. The... Continue Reading →
The Union oil surplus under the production sharing regime increased 74% in October, compared to September, registering a daily average of 7 thousand barrels of oil. Of this total, 4 thousand bpd (barrels of oil per day) were produced in the Mero Development Area, 3 thousand bpd in Entorno de Sapinhoá and 40.7 bpd in... Continue Reading →
The 10 Year Energy Plan (PDE) 2030 is in public consultation this week, bringing some expressive forecasts about how the oil and gas sector in Brazil will develop in this decade. The document points out that the exploration and production (E&P) segment should receive investments between US$ 415 billion and US$ 454 billion in the... Continue Reading →
Dutch offshore services company Fugro has said it has won a contract with Malaysia's Petronas, to provide positioning services for Petronas' exploration program offshore Suriname. The news comes just days after Petronas said it had discovered hydrocarbons in its Block 52, off Suriname. Under the 2-year contract, which has already started, Fugro is deploying its... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on November 16, 2020, informs the beginning of the non-binding phase regarding the sale of 50% of its stakes in the concessions of Marlim, Voador, East Marlim and South Marlim, together called the Marlim Cluster, located predominantly in deep waters in the Campos Basin. ... Continue Reading →
Chinese shipbuilder Cosco Shipping Heavy Industry has delivered the floating production, storage, and offloading (FPSO) vessel set to work on Eni’s Amoca shallow-water project off Mexico. Cosco held the delivery ceremony on Thursday, 10 December. It was the second large-scale offshore engineering project delivered by Cosco Shipping Heavy Industry yard in Shanghai this year. This... Continue Reading →
Malaysian oil and gas company Petronas has made its first offshore discovery offshore Suriname. The company, as the operator of Block 52, said Friday the hydrocarbon discovery had been made while drilling the Sloanea-1 exploration well in the offshore block. The Sloanea-1 exploration well was successfully drilled to a total depth of 4,780 meters using... Continue Reading →
Australian player Karoon Energy has offloaded its first shipment of over 500,000 barrels of oil from its newly acquired Baúna production field, offshore Brazil. Karoon said on Thursday that the shipment comprised of oil produced by the FPSO Cidade de Itajaí, operated by the Altera&Ocyan joint venture, in the period since the company completed its acquisition... Continue Reading →
Australian oil and gas firm BHP has awarded a contract to McDermott to carry out the preliminary Front-End Engineering Design (preFEED) extension phase for a Floating Production Unit (FPU) that could be installed at its Trion field offshore Mexico. The FPU would be installed in a water depth of around 8,200 feet (2,500 meters) at... Continue Reading →
Brazil Energy Insight 