Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they reinvest some of the record profits from the fossil fuel price surge driven by the Ukraine war, according to data and industry executives. The exploration revival - on the part of European majors in... Continue Reading →
Saipem has been awarded two new contracts, one for EPCI offshore activities in the Middle East and the other for the development of underwater drones in Brazil. The total value of the new contracts is approximately $1 billion. Under the existing Long-Term Agreement (LTA) with Saudi Aramco, Saipem has been selected for a new offshore... Continue Reading →
(OE) Offshore drilling rig service and inspection firm ModuSpec has won a contract to support the intake of a stranded new-build jack-up drilling rig. The jack-up was originally constructed in 2020 in Singapore and has remained stranded in the construction yard following the market crash and global pandemic, ModuSpec said. As the upstream oil &... Continue Reading →
(PN) Petrobras has again extended the deadline for submitting proposals in the bidding process for contracting the new FPSO in the Albacora field. Now, the companies involved in the process will be able to file their bids until the 15th of September, as stated on the Petronect website. This is the second calendar postponement. As... Continue Reading →
Marine geophysical company PXGEO on Friday announced it has secured a contract with Petrobras for a 3D ocean bottom node (OBN) survey in the Campos Basin, Brazil. The survey is to be acquired in water depths of 2,300 meters with a duration of approximately 10 months, the company said.
(PN) As of today, the domestic Oil & Gas market will have a new company operating ultra-deep water drilling assets. Created from the restructuring of the Ocyan Drilling Unit, Foresea is born with a totally independent operation and with great potential for new investments. Its main shareholders are international funds. Under the presidency of the... Continue Reading →
(OE) Frontera Energy Corporation, in partnership with CGX Energy, said Tuesday it had reached total depth (TD) of 20,450' on the Wei-1 bypass exploration and appraisal well (Wei-1BP1), offshore Guyana. The original Wei-1 wellbore reached a depth of 19,142'. A bypass well (Wei-1BP1) was drilled from 18,757' to total depth (TD) and penetrated the primary... Continue Reading →
(PH) Angelica Ruiz took charge of bp in Brazil just three months ago, but she already has a lot of work ahead of her. The executive, who accumulates the position of VP of Latin America, has the challenge of leading the operation of a company that, present in the country since 1957, operates in the... Continue Reading →
(OET) Total E&P do Brazil, a subsidiary of France’s energy giant TotalEnergies, has exercised a contract extension with Norway’s shipping company Siem Offshore for two platform supply vessels (PSVs) carrying out operations off Brazil. According to Siem Offshore, a 12-month option has been exercised for PSVs Siem Atlas and Siem Giant for continued operations offshore Brazil. This enables both... Continue Reading →
The drillship DS-17, owned by Valaris, arrived off the coast of Rio de Janeiro to begin its exploratory campaign in the Bacalhau field, in the Santos Basin. This will be the second exploratory rig in operation in the field – the first of which, West Saturn, began activities in November last year. The DS-17 is... Continue Reading →
Brazil Energy Insight 