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Semi-submersible accommodation vessels owner and operator Prosafe said BP Trinidad and Tobago LLC (‘bpTT’) has exercised all four weeks of options for the Safe Concordia to continue providing gangway connected operations through September 2022 at Cassia C offshore Trinidad. Total value of the contract extensions is approximately $3.5 million. Safe Concordia is a DP2 semi-submersible... Continue Reading →
Norwegian shipowner Siem Offshore said it has secured contract extensions for two of its platform supply vessels (PSV) working for TotalEnergies offshore Brazil. Total E&P do Brazil has declared the first of two options for the PSVs Siem Atlas and Siem Giant, and both vessels are now firm until June 2023. Siem Atlas and Siem... Continue Reading →
Norwegian AKOFS Offshore has signed a firm contract for Aker Wayfarer that will continue to perform services as a subsea equipment support vessel (SESV) for Petrobras in Brazil. The duration of the contract is almost four years and the services will commence in the first half of 2023. AKOFS Offshore will perform the operations jointly with... Continue Reading →
(OE) CGX, a Toronto-based oil and gas firm focused on the Guyana-Suriname Basin, has secured funding for its next offshore exploration well in Guyana's Corentyne block by agreeing to farm out a portion of its interest to its partner Frontera. As part of the agreement, CGX will transfer 29.73% of its interest in the Corentyne... Continue Reading →
The company restarted the drilling of the wildcat well ES-M-596, in a water depth of 2,117 meters. As we reported, the original well (1-BRSA-1385-ESS) began to be drilled at the end of June. The drilling of the repeated well, named 1-BRSA-1385A-ESS, began yesterday (19). As the market knows, when the original well is lost, operators... Continue Reading →
After curbed spending over the past two years, the oil and gas (O&G) sector is primed to get back into the game with high investments, putting contractors into a buoyant mode as the five-year offshore engineering, procurement, and construction (EPC) spend is expected to total $276 billion, outlined Westwood Global Energy, an energy market research and... Continue Reading →
CRP Subsea has secured several deepwater contracts to provide distributed buoyancy modules (DBMs) in Brazil for undisclosed companies. The distributed buoyancy modules will be used to reduce top tension by maintaining a lazy wave configuration of the pipeline, reducing the risk of pipeline failure and increasing the lifetime of the field, CRP Subsea said. The... Continue Reading →
(OE) Norwegian oil and gas company Equinor has restarted oil production from the Peregrino offshore field after it was suspended in April 2020. The field was brought back online on June 16, 2022. Production was shut down in April 2020 and Equinor has since thenexecuted a major program of maintenance, upgrades, and repairs on the Floating... Continue Reading →
Brazilian Petrobras has completed the drilling of a wildcat well, located in the pre-salt Campos Basin offshore Brazil, after finding an oil accumulation. The work is now being done to establish the full potential of this play. At the beginning of April 2022, Petrobras revealed that it had found a new oil accuCampos mulation in a wildcat well... Continue Reading →
The world market for the supply of underwater Christmas trees should have Brazil as the main stage during this third quarter. In a survey carried out by Westwood Energy, the main contracts of the type expected for the period between July and September should include Shell's Gato do Mato projects in the Santos basin; Maromba,... Continue Reading →
Brazil Energy Insight 