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(Reuters) - Discoveries made by Brazilian state-run oil firm Petrobras discoveries this year in the Campos and Santos basins and in the Buzios field are "significant," exploration and production head Sylvia dos Anjos said on Wednesday. Petrobras announced hydrocarbon discoveries in February and March at the Aram block, located in the Santos basin, and at... Continue Reading →
(PN) National oil production in February totaled 3.488 million barrels per day (bbl/d), an increase of 1.1% compared to the previous month and 1.2% compared to the same month in 2024. The data was released by the National Petroleum Agency (ANP). Natural gas production registered 158.76 million cubic meters per day (m³/d). The value represents... Continue Reading →
(offshore-energy.biz) Australia’s oil and gas company Karoon Energy is moving forward with the acquisition of a floating production, storage, and offloading (FPSO) vessel, which is deployed on its project off the coast of Brazil. Once the firm takes over the ownership of the unit from the FPSO’s current owner and operator, Altera & Ocyan (A&O),... Continue Reading →
(OE) Oil and gas company BW Energy has been granted extension to the Golfinho license production phase to 2042 by the Brazilian oil and gas regulator ANP. The production phase under the Golfinho concession contract has been extended to 2042 from previously 2031, following ANP's approval of the company's field development plan in November 2024.... Continue Reading →
(PN) Petrobras released the bidding notice earlier this week and the competition for the platform contract has eight pre-qualified competitors: Modec, Shapoorji, Yinson, MISC, BW Offshore, SBM Offshore, MISC, Ocyan and Altera (the latter two companies, as is known, work in partnership in the Altera & Ocyan joint venture). The opening of the envelopes with... Continue Reading →
(OE) China National Offshore Oil Company (CNOOC) has posted an 11.4% net profit growth in 2024, marking a record year of oil and gas production, which has been increased by 7% compared to a year earlier. In 2024, CNOOC recorded a net oil and gas production of 726.8 million barrels of oil equivalent (BOE), a... Continue Reading →
(OE) Oslo-listed offshore accommodation rig provider Floatel International has secured a contract extension with Equinor for its Floatel Victory semi-submersible accommodation unit. Under the contract extension, Floatel Vicotry will continue to provide Maintenance and Safety Unit (MSU) support alongside the Peregrino Floating Production Storage and Offloading (FPSO) unit offshore Brazil through the end of 2025.... Continue Reading →
Kaieteur News- The state-owned oil company of Suriname, Staatsolie on Monday announced that the company has raised US$515.8 million through a new bond that allowed citizens there to invest in the country’s first offshore oil project, GranMorgu. Staatsolie in thanking participants highlighted that the amount raised was US$ 211.7 million more than the US$ 304.1 million that was... Continue Reading →
(Reuters) - Brazil's Petrobras should analyze an appeal filed by India's Shapoorji Pallonji Energy in the tender to charter an offshore oil production vessel this week, the state-run oil firm's head of engineering, technology and innovation, Renata Baruzzi, said on Tuesday. WHY IT'S IMPORTANT The Indian company was the only one to bid on chartering a... Continue Reading →
(OE) MODEC has signed an agreement with Shell for the operations and maintenance of the floating production, storage and offloading (FPSO) vessel, to be deployed at Gato do Mato deepwater field off Brazil, for a period of 20 years. The agreement follows the execution of the Front-End Engineering Design (FEED) contract, which was awarded to... Continue Reading →
Brazil Energy Insight 