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Searcher Seismic has received approval from the Government of the Republic of Trinidad and Tobago for the Tobago Trough multi-client 3D acquisition project. The acquisition is planned as a 6,500 km² wide-tow long streamer acquisition and processed through to Pre Stack Depth Migration. It will commence as soon as an environmental impact assessment (EIA) is... Continue Reading →
Oslo-listed oil and gas E&P company BW Energy has revealed that a former jack-up rig, which was converted to an offshore production unit, is on its way to Gabon where it will be installed at the firm’s offshore development project, which is on track for the first oil at the start of next year in line... Continue Reading →
Oil and gas company APA Corporation on Tuesday said it had discovered oil at Baja-1 well in Block 53, offshore Suriname, using the Noble Gerry de Souza drillship. Baja-1 was drilled to a depth of 5,290 meters (17,356 feet) and encountered 34 meters (112 feet) of net oil pay in a single interval within the... Continue Reading →
Norwegian offshore vessel owner DOF has secured contract extensions and new contracts for three of its vessels in Brazil with Petrobras. The deals are worth more than USD 253 million. The contracts, awarded to DOF Brazilian subsidiaries, Norskan Offshore Ltda. and DOF Subsea Brasil Servicos Ltda, are for the vessels; Skandi Chieftain, Skandi Olympia and Skandi... Continue Reading →
(OEM) While the current, improved demand for offshore accommodation rigs is mainly driven by a recovery in the oil and gas market, Prosafe believes that the focus on energy transition will contribute to further demand. Prosafe said in its 2Q 2022 report on Friday that the general outlook has improved significantly as the oil price has recovered... Continue Reading →
In early August, Petrobras put well MLS-233 into operation in the pre-salt layer of the Campos Basin. Preliminary analyzes indicate that the new well, connected to the P-40, at Ativo Marlim Sul, has a production potential of 15,000 barrels of oil per day, exceeding the company's initial estimates. The MLS-233 symbolizes the beginning of pre-salt... Continue Reading →
(OM) Halfway through the month of August, contracts for floating rigs are significantly outpacing contacts for jackups, according to Evercore ISI’s latest Offshore Rig Market Snapshot. Of the 17 rig contracts announced so far this month, floater contracts outnumber jackup almost 2-to-1 with the average term more than six times longer at 1.2 years versus... Continue Reading →
Brazilian oil and gas company PRIO, formerly known as PetroRio, has temporarily stopped production at a field, located within the Northern Campos Basin off the coast of Brazil. PRIO revealed on Monday that it has interrupted production at the Frade field due to an inert gas line. The initial estimates indicate that this interruption will last between 5 to... Continue Reading →
Norwegian offshore vessel owner Solstad Offshore has been awarded a contract extension for one of its anchor handling tug and supply (AHTS) vessels in Norway and a new assignment for another one in Brazil. Solstad Offshore revealed on Tuesday that Equinor has declared an option to extend the contract for AHTS Normand Ferking for one more year, which will keep... Continue Reading →
Matrix Composites & Engineering has secured an order from Subsea 7 for subsea umbilicals, risers and flowlines (SURF) distributed buoyancy modules to be used at a ‘major’ deepwater project in South America. According to Matrix, the purchase order for the subsea production buoyancy system is worth approximately AU$16 million (about US$11.35 million), with the scope... Continue Reading →
Brazil Energy Insight 