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Leveraged by the pre-salt, Brazil was the fifth country that most increased oil production between 2011 and 2019, in the world. One of the main highlights of oil geopolitics in the decade of 2010, the expectation is that Brazil's relevance in the global market will increase even more in the coming decades. Valor’s Survey, based... Continue Reading →
Offshore drilling contractor Noble Corporation has been awarded a long-term extension for the ultra-deepwater drillship Noble Tom Madden from ExxonMobil. Noble said on Thursday that it has been awarded approximately 6.5 years of additional contract term under the commercial enabling agreement (CEA) with ExxonMobil for work offshore Guyana. The Noble Tom Madden was previously contracted... Continue Reading →
Malaysia's Yinson said its floating production, storage and offloading unit (FPSO) Anna Nery sailed away from the Cosco Qidong shipyard in Jiangsu, China and has entered drydock at the Cosco Changxing shipyard in Shanghai, marking the next phase of the FPSO construction. FPSO Anna Nery, which is being built from a converted tanker Falcon, is Yinson’s first... Continue Reading →
Oil and gas workers withdrew en masse from offshore production facilities as Hurricane Delta grew into a powerful storm over the Caribbean on its way to the Gulf of Mexico. Delta's winds reached 145 miles per hour (235 kph) as the storm sped toward Mexico's Yucatan peninsula and eventual entry into the Gulf of Mexico,... Continue Reading →
TechnipFMC delivered the last of 127 wet Christmas trees (ANMs) contracted by Petrobras in 2012 for pre-salt projects, the company announced on social media on Monday (5/10). The $ 1.5 billion contract was signed with FMC Technologies, which merged with Technip in 2017. Source: PetroleoHoje
Oil and gas company Hess Corporation has entered into an agreement to sell its 28 per cent working interest in the Shenzi field in the deepwater Gulf of Mexico to BHP to fund a project in Guyana. Hess said on Monday it is selling its stake to BHP, the field’s operator, for a total consideration... Continue Reading →
Karoon Energy intends to conclude, with Petrobras, the acquisition of the Baúna field, in the Santos Basin, in the second half of October, the oil company said on Monday. The Australian company depends on the endorsement of the ANP and the transfer of a contract from the FPSO Cidade de Itajaí, which operates in Baúna,... Continue Reading →
Brazil's oil production is expected to reach 3.5 million barrels per day by the end of 2022, compared to 3.3 million bpd in early 2020, Goldman Sachs analysts projected in a report on Sunday, which already considers effects recent review of the Petrobras project portfolio. "In general, we are raising our production expectations for the... Continue Reading →
Petrobras readies new hires involving the next Petrobras platforms for the Brazilian pre-salt. In particular, the contracts related to the three future units that will be installed in the Búzios field (P-78, P-79 and FPSO Almirante Tamandaré), in the Santos Basin. In the next six months, the state company plans to launch tenders for the... Continue Reading →
Pre-salt production in August set a record for the second consecutive month, both in oil and natural gas production. In total, 2,776 MMboe / d (million barrels of oil equivalent per day) were produced, with 2,201 MMbbl / d (million barrels per day) of oil and 91.398 MMm3 / d (million m3 per day) of... Continue Reading →
Brazil Energy Insight 