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Brazilian oil company Petrobras has extended contracts with offshore services company Subsea 7 for three pipelay support vessels (PLSVs) operating offshore Brazil. Subsea 7 said Friday that the extensions of long-term contracts had a combined value of about $155 million, net of agreed reductions to the current day-rates. Continue reading
Sept 3, 2020 Petrobras in talks with companies that presented lower prices in the bidding. Solstad Offshore presented the lowest price in a bid by Petrobras to hire a vessel to support the operations of underwater robots (RSV). The company offered a daily fee of US $ 53,884.72 with Far Saga, surpassing the proposal presented... Continue Reading →
Sept 3, 2020 Total started a new environmental licensing process for drilling seven exploratory wells in the area of blocks FZA-M-57, FZA-M-86, FZAM-88, FZA-M-125 and FZA-M-127, in the Basin of Foz do Amazonas. The company was forced to restart the licensing of the projects after the environmental agency dismissed, in April last year, the reconsideration... Continue Reading →
Sept 2, 2020 Note: The name of Lula field will be changed due to a court decision. In July, the Lula field, in the Santos Basin pre-salt, was the largest producer of oil and natural gas, registering 988 Mbbl / d of oil and 43.2 MMm3 / d of natural gas, totaling accumulated production (... Continue Reading →
Offshore drilling contractor Dolphin Drilling has been awarded an $83 million worth contract with Mexican operator Pemex. Dolphin Drilling said on Tuesday that the deal will see its Blackford Dolphin rig utilised in Mexico for the duration of the work. Drilling operations are expected to last around 15 months. Continue reading
Aug 31, 2020 The National Energy Policy Council (CNPE) has confirmed the resumption of the auction schedule for oil and gas blocks in Brazil from 2021. One of these tenders will be the 17th Concession Round, the first in the country to offer six blocks beyond 200 nautical miles from the coast, in the Santos... Continue Reading →
Aug 28, 2020 The ANP board approved the development plan for the Maromba field, in the Campos Basin, in addition to the contractual extension of its production phase, for another 27 years, expiring in 2060. The asset is operated by BW Energy (95%) , in partnership with Magma Oil (5%). According to BW Energy's plans... Continue Reading →
Norwegian oil company Equinor has successfully sent a drone carrying a 3D-printed cargo from shore to an offshore production platform in the North Sea in what the company says is a world's first. In a flight spanning around 80 kilometers from the Mongstad base onshore to the Troll field in the North Sea offshore Norway,... Continue Reading →
Exxon Mobil Corp is pressing Guyana's newly-installed government for approval of its third offshore oil project, which has been under a months-long review that coincided with political turmoil in the South American country. Exxon, which operates the Stabroek block as part of a consortium with Hess Corp and China's CNOOC Ltd has discovered more than... Continue Reading →
Africa's second-biggest oil exporter, Angola, has unveiled a 2020-2025 energy roadmap which foresees oil discoveries of up to 57 billion barrels of crude oil and 27 trillion cubic feet of gas, state news agency ANGOP reported. The plans involve $679 million in foreign investment and $188 million by the Angolan state, the agency reported late... Continue Reading →
Brazil Energy Insight 