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(OET) Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States was on the rise last week while the total number of rigs operating in the U.S. also went up a notch to 632 from 631 units recorded during the week before. Following the fall in offshore rig activity for... Continue Reading →
(Reuters) - SLB (SLB.N) is on track to add about $5 billion in revenue this year, and sees similar potential for growth in 2024, mainly helped by increased drilling in international markets, CEO Olivier Le Peuch said at a conference on Wednesday. SLB, the world's largest oilfield service company and former Schlumberger, is betting on a recent... Continue Reading →
(Reuters) - Brazil's government aims to make more energy projects eligible for key tax benefits, however the main ministries involved disagree about whether to favor a "green" agenda or include oil projects and refineries, according to a senior official and a document seen by Reuters. President Luiz Inacio Lula da Silva's government has vowed to... Continue Reading →
Suriname, struggling with political unrest and a debt crisis, pins hopes on its oil sector after TotalEnergies delayed the billion-dollar final investment decision for Block 58. Latest appraisal drilling confirms that Block 58 could contain as much as 6.5 billion barrels of exploitable oil resources, boosting prospects for an oil boom similar to neighboring Guyana.... Continue Reading →
Italian oil and gas giant Eni has started production from an oil and gas field offshore Côte d’Ivoire, Africa, less than two years after the discovery in September 2021 and less than a year and a half after the final investment decision (FID) was made. The Baleine East 1X well was drilled using the Saipem 12000 drillship. The... Continue Reading →
Drilling simulation technology provider Drilling Systems has launched a next-generation DrillSIM Downhole model to support realistic training for geothermal applications. The model is now implemented for the first time at the Drilling Simulator Celle, a research facility of Clausthal University of Technology (TUC) in Germany. The new downhole model will further enhance the research and... Continue Reading →
(OE) Offshore drilling contractor Transocean said Wednesday that the world’s first subsea 20,000 psi blowout preventer (BOP) had been successfully deployed from its Deepwater Titan drillship. The 20K BOP stack, supplied by NOV, is designed for use with extremely high-pressure reservoirs and can be used in ultra-deepwater applications "This cutting-edge technology opens up new opportunities... Continue Reading →
(PN) Petrobras will have 47 projects included in the new Growth Acceleration Program (PAC), launched this Friday, in Rio de Janeiro, by President Luiz Inácio Lula da Silva. The company's investments in PAC 2023 amount to R$ 323 billion. The president of Petrobras, Jean Paul Prates, highlighted, among them, pre-salt production systems, revitalization of conventional... Continue Reading →
Solstad Offshore has been awarded two contracts worth $100 million in total from Brazilian clients. The Norwegian offshore vessel owner said that its construction support vessel, Normand Pioneer, won an extension of its charter contract with the Brazilian oil company PRIO for a period of 18 months to August 2025. The vessel will support PRIO's... Continue Reading →
(Reuters) - Colombia's majority state-owned oil company Ecopetrol on Thursday reported a new oil and gas discovery in Putumayo province. The Alqamari-2 well was drilled to a depth of 9,287 feet and saw daily flow of 1,800 barrels of oil, Ecopetrol said in a statement. The oil is a light hydrocarbon. The rate of associated... Continue Reading →
Brazil Energy Insight 