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French oil giant Total has hired a shuttle tanker from Knutsen NYK Offshore Tankers (KNOT) for the use in Brazil. KNOT said on Wednesday that the long-term contract with Total had been signed in August. The contract is for 15 years for a shuttle tanker to be built in China by COSCO Zhousan Shipyard. The... Continue Reading →
Japanese FPSO operator MODEC is working to clean up and disperse the remaining oil following an oil spill on the Petrobras-operated Espadarte field offshore Brazil last Friday. Operated by Modec and serving Petrobras since 2007, the FPSO Cidade do Rio de Janeiro ended its production cycle in July 2018 and has been in the process... Continue Reading →
UK based oil services company TechnipFMC recently celebrated the delivery of the company’s 600th subsea tree in Brazil, which will be installed at ExxonMobil’s Liza field offshore Guyana. The event, which took place at the company’s assembly plant in Rio de Janeiro, was attended by officials from TechnipFMC, ExxonMobil, and several Guyanese who are employed... Continue Reading →
, August 28, 2019 Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 08/26, reports that Modec has informed the company that the FPSO Cidade do Rio de Janeiro, located in the Campos Basin, 130 kilometers from the coast, remains stable and under normal draft and slope conditions. Overflight conducted yesterday observed... Continue Reading →
August 28, 2019 Cade approved, without restrictions, the sale by Petrobras of control of 11 shallow water offshore fields from the Campos Basin to Trident Energy. The completion of the U$1 billion operation was announced by the state company in mid-July. Petrobras has bid the fields three times. In July 2018, the state-owned company announced... Continue Reading →
Searcher Seismic has reached an agreement with state-owned Perupetro to produce four new multi-client projects as part of its Offshore Peru Multi-client Campaign. According to Searcher’s statement on Wednesday, the interpretation, regional reconstruction, and play level evaluation will be delivered to participants through the delivery of four new projects; Huayno 2D Pre-Stack Reprocessing, Peru Offshore Rectified... Continue Reading →
Benthic, a global geosciences company in subsea services group Acteon, has announced plans to open its first Brazilian technology center and geotechnical laboratory in Rio de Janeiro. The state-of-the-art facility will open later this year in the Technological Park of the Federal University of Rio de Janeiro. Benthic aims to use the center for geoscience... Continue Reading →
Axxis Geo Solutions (AGS), a pure-play ocean bottom node seismic company, has signed a contract for source work in Brazil with a minimum value of $4 million with SAExploration. AGS said on Tuesday that the initial contract is minimum three-vessel months including mobilization and demobilization which is compensated for. The source vessel, Neptune Naiad, is... Continue Reading →
Tullow Oil has started drilling at the Joe prospect in the Orinduik block offshore Guyana, the company’s second well in the block, after the Jethro-1 well which struck oil earlier this month. According to Eco Atlantic, Tullow’s partner in the block, Joe-1 was spud at 14.45hrs (Local Guyana time) on August 25, 2019, using the... Continue Reading →
08/26/2019 Norwegian state-owned company Equinor has plans to expand its oil production in Brazil by up to 280,000 barrels of oil per day (bpd) by 2024. The first step will be taken next year, when the company will increase its production by 60,000. bpd in the field of Peregrino (RJ). The company's project also has... Continue Reading →
Brazil Energy Insight 