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Oct. 23 (oilnow) While global oil and gas exploration has slowed dramatically over the past decade, Guyana stands as one of the few nations bucking the trend. According to Palzor Shenga, Vice President – Upstream Research at Rystad Energy, the South American country remains a leading light in an industry that has seen annual discoveries... Continue Reading →
Oct. 23 (OE) Norwegian offshore supply vessel owner DOF Group has secured contract extensions for two of its subsea vessels, both operating in Guyana. The contract extensions are for Skandi Nomad and Skandi Constructor, which will remain on duty for one more year each. Following the extensions, Skandi Nomad is contracted until the fourth quarter... Continue Reading →
Oct. 22 (Reuters) Italy's Saipem said on Wednesday its third-quarter adjusted core profit rose 29% year-on-year as the energy contractor pocketed new orders in Turkey and Guyana. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) came in at 437 million euros ($510 million), marginally beating an analyst consensus of 433 million euros compiled by... Continue Reading →
Oct. 22 (PN) Petrobras wasted no time in starting drilling the pioneer well in block FZA-M-59, in the Foz do Amazonas Basin, on the Equatorial Margin. The drilling, expected to last approximately five months, began on Monday (20), the same day that Ibama (Brazilian Institute of Environmental Protection) issued the environmental license authorizing the operation.... Continue Reading →
Oct. 21 (OE) A consortium of offshore energy companies including TotalEnergies, Equinor, Aker BP, DeepOcean, Tenaris, and LS Cable & System has launched a joint industry project to commercialize a new subsea flowline heating technology designed to cut costs and carbon emissions related to deepwater oil and gas subsea tie-back projects. The system, named FlowHeat,... Continue Reading →
Oct. 17 (moneytimes) Prio obtained authorization from the National Agency of Petroleum, Natural Gas, and Biofuels (ANP) to resume production at the FPSO Peregrino, operated by Equinor. According to the relevant fact released to the market, the production ramp-up process will begin immediately. The shutdown occurred in mid-August of this year due to pending safety... Continue Reading →
Oct. 17 (offshore-energy.biz) U.S. offshore engineering and construction firm McDermott has delivered its first subsea project in Angola, as part of which it worked for TotalEnergies on the Begonia field development. McDermott announced on October 16 the completion of engineering, procurement, construction, installation (EPCI), pre-commissioning and commissioning activities for the development located in Block 17/06,... Continue Reading →
Oct. 16 - Petrobras reported that it has submitted the information requested by Ibama related to the licensing process at Foz do Amazonas. According to the company, the environmental agency considered that all outstanding issues were duly clarified and that the information presented is sufficient to continue analyzing the process. "Petrobras remains confident that the... Continue Reading →
Oct. 16 (OE) A modular cable management system, designed by German-based supplier igus, has been implemented by offshore driller Seadrill to reduce downtime, cut maintenance costs and improve operational reliability on its drillships by replacing traditional service loops with a more durable and flexible alternative. On offshore oil rigs, keeping equipment running smoothly and avoiding... Continue Reading →
Oct. 16 (OE) Equinor and its partners has started production from the large Bacalhau field in Brazil, whose recoverable reserves exceed 1 billion barrels of oil equivalent (boe). Bacalhau is located in the pre-salt region of Brazil's Santos Basin in ultra-deep water of over 2,000 meters. The field features one of the most modern floating... Continue Reading →
Brazil Energy Insight 