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The platform ship Sepetiba, chartered by Petrobras, reached its top production, 180 million oil barrels per day (bpd), in the Mero field, in the Santo Basin’s pre-salt layer, last Tuesday (08/27). This milestone was reached within the estimated time frame of eight months due to the promptness of the unit’s oil treatment and gas compression... Continue Reading →
(Reuters) Brazil's state-run oil firm Petrobras will do what it can to reduce the reinjection of natural gas into oil wells, Chief Executive Magda Chambriard said on Wednesday. The government published a decree on Monday authorizing the oil regulator ANP to order oil companies to reduce the reinjection to increase the supply of gas and... Continue Reading →
(Reuters) Chinese offshore oil and gas major CNOOC posted record first-half profit on Thursday, boosted by output growth and higher oil prices. Net profit attributable to shareholders rose 25% to 79.73 billion yuan ($11.19 billion), CNOOC said in a filing with the Hong Kong Stock Exchange. CNOOC's net production of oil and gas increased by... Continue Reading →
(offshore-energy.biz) U.S.-headquartered offshore energy services provider Helix Energy Solutions has picked up multimillion-dollar long-term assignments off the coast of Brazil for two vessels, which will carry out well intervention work for the country’s energy giant, Petrobras. Following a competitive tender process, Helix entered into three-year vessel charter and service contracts with Petrobras for the Siem Helix 1 and Siem Helix 2 riser-based... Continue Reading →
(PN) British oil company BP has notified the National Petroleum Agency (ANP) about the discovery of oil signs in the pioneer well of the Pau Brasil block, in the pre-salt layer of the Santos Basin. As we reported, the well (which received the technical name 1-BP-12D-RJS) is located in a water depth of 2,283 meters... Continue Reading →
(Reuters) An Exxon Mobil consortium's crude output in Guyana has been fully restored at two floating production facilities after workers completed a natural gas pipeline tie-in, a company spokesperson said on Monday. Output had fallen to between 400,000 and 500,000 barrels per day from July 2 through the end of the month, government data showed,... Continue Reading →
(Reuters) - China National Petroleum Corp (CNPC), Asia's largest oil and gas producer, has over the past three decades built a global portfolio with assets in 33 countries. The company's overseas production exceeded 100 million metric tons, or 2 million barrels per day of oil equivalent, for the first time in 2019 and has since... Continue Reading →
Teresa Wilkie, Contributor Research Director of RigLogix at Westwood Global Energy.. (OE) Over the past few years the Namibian Orange Basin has emerged as an exciting new oil province and subsequently a provider of significant new demand and future demand potential for deepwater drilling rigs. According to Westwood’s Wildcat, “the Upper and Lower Cretaceous plays opened in... Continue Reading →
(PN) After approving the National Energy Transition Policy and other measures related to the green economy, the National Energy Policy Council (CNPE) made its decision and defined the parameters for new pre-salt blocks. In practice, the measure authorizes the Rubi and Granada areas, in the Santos Basin pre-salt, to be auctioned in a future round... Continue Reading →
(offshore-energy.biz) The internal turret buoy single-point mooring system developed by China Offshore Oil Engineering Company (COOEC), controlled by China National Offshore Oil Corporation (CNOOC), has received two approvals in principle (AIP), one from the China Classification Society (CCC) and another from Bureau Veritas. As the system is said to be the first of its kind... Continue Reading →
Brazil Energy Insight 