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Aug. 25 (offshore-energy.biz) Navitas Petroleum, an Israeli oil and gas producer and developer that operates a project under development in the North Falkland Basin, is stepping up plans to expand its oil field project in the Falkland Islands through the acquisition of a second floating production, storage, and offloading (FPSO) vessel that could boost daily... Continue Reading →
Aug. 24 (PN) Petrobras's board met last week and reached a decision that could alter the course of one of the sector's most anticipated projects. Due to discussions surrounding the "gas release" program, the company deemed it prudent to hit the brakes and reevaluate the export pipeline project for the Sergipe Deepwater (SEAP) development, anccording... Continue Reading →
Aug. 23 (oilprice.com) Mexico’s state oil firm Pemex and Brazil’s national oil company Petrobras are joining efforts and expertise to drill prospects in Mexican waters in the Gulf of Mexico, hoping to unlock huge oil resources from source rock formations that are miles deeper and eight times older than the currently producing formations in the... Continue Reading →
Aug 21 (Reuters) - Brazil's oil discovery in an exploratory well in a controversial offshore frontier off the Amazon coast last week has handed President Luiz Inacio Lula da Silva a fresh boost for his reelection campaign, helping him burnish his pro-development credentials in a region that could prove crucial in electing a friendly Senate.... Continue Reading →
Aug. 20 (OE) Everllence has signed a contract with a Turkish shipyard within the high-speed segment. The contract comprises 16 × 175D gensets bound for 4 × Rampage 6000‑DE offshore terminal tugs designed by Robert Allen. These will be operated by Smit Lamnalco, a Boskalis company, in Guyana, South America to support an FPSO fleet... Continue Reading →
Aug. 20 - Alexandre de Gusmão FPSO, the fifth to be installed in the Mero field in the Santos Basin pre-salt, reached peak production, at 180,000 barrels of oil per day (bpd). Mero is the third largest producing field in Brazil, after Búzios and Tupi. “Each unit that reaches the maximum production level envisaged in the project not only contributes to the... Continue Reading →
Aug, 20 (oilprice.com) Anadarko Peru, a subsidiary of Occidental Petroleum (NYSE:OXY) is moving ahead with plans to drill its first exploration well offshore northern Peru in 2027, advancing a project that could help unlock a major new source of domestic oil and gas. The company, operator of offshore Blocks Z-61, Z-62 and Z-63 in the... Continue Reading →
Aug. 20 (oilnow.gy) The Errea Wittu floating production, storage and offloading vessel was positioned off Guyana’s coast on August 19, VesselFinder data showed. The automatic identification system data listed Georgetown, Guyana, as the vessel’s destination. It was traveling at 7.4 knots, with an estimated arrival time of 10 a.m. today. Arrival estimates can change based... Continue Reading →
Aug. 18 - Petrobras has filed a request to drill three wells with the Brazilian Institute of the Environment and Renewable Natural Resources (Ibama) for an environmental license to advance its oil and natural gas exploration campaign in the Foz do Amazonas Basin. This area is located along the Equatorial Margin, off the coast of... Continue Reading →
Aug 17 (Reuters) - Chevron said on Monday it had discovered oil and gas condensate at an exploration well in Block 0, offshore Angola, adding to its push to increase production in sub-Saharan Africa through infrastructure-led exploration. Western and southern Africa are among regions drawing fresh attention as growth in U.S. shale tops out. Angola, sub-Saharan... Continue Reading →
Brazil Energy Insight 