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(OP) A series of high-quality oil discoveries in Block 58 offshore Suriname combined with investment bank Morgan Stanley estimating that the block contains 6.5 billion barrels of oil sparked optimism that Suriname will replicate Guyana’s immense oil boom. This is bolstered by evidence that the U.S. Geological Survey grossly underestimated the Guyana-Suriname Basin’s oil resources. Disappointingly, after... Continue Reading →
(Bloomberg) -- The conflict between Brazil’s ambitions to become a more responsible environmental steward while also ramping up lucrative oil exports has turned into an early test for President Luiz Inacio Lula da Silva. Off the coast of northern Brazil where the Amazon River enters into the South Atlantic, state-controlled oil giant Petroleo Brasileiro SA... Continue Reading →
Shallow water drilling contractor Borr Drilling said Friday its jack-up drilling rig "Ran" had secured a Letter of Award from an unnamed client for work in Latin America. The award will cover drilling two offshore wells, with an estimated duration of 200 days on a dry-hole case and up to 460 days on asuccess case. ... Continue Reading →
Nauticus Robotics has initiated operations in Norway and the United Kingdom, marking the start of its international expansion strategy for 2023 and beyond with the initiation of its operations. The U.S. company said that the operating bases are strategically located in Stavanger, Norway, and Aberdeen, Scotland to service the North Sea offshore market. According to Nauticus... Continue Reading →
(epbr) Perenco announced this Wednesday the departure of the FSO Pargo platform from a shipyard in Dubai, in the United Arab Emirates, heading to the Pargo field, in shallow waters in the Campos Basin. The unit is part of the concession's production recovery project, which foresees investments of US$ 400 million and promises to increase... Continue Reading →
Oil and gas company Ocyan announces the arrival in Brazil of the Solstad vessel, the "Normand Cutter", which under its management will carry out the decommissioning activities of Petrobras' underwater structures in the Campos Basin (Rio de Janeiro) and Sergipe- Alagoas, in a contract won last year. “This is the first decommissioning contract for offshore... Continue Reading →
Maritime Developments (MDL) has delivered a bespoke aft recovery system for multiple Subsea 7 vessels operating in deep water. The assembly consists of a chute, a removal device for buoyancy, and a horizontal hang-off system. According to MDL, the complete system will be mountable in different locations on the stern of the vessels, to facilitate... Continue Reading →
Shell gave up selling the Parque das Conchas Cluster, in the Espírito Santo part of the Campos Basin. After receiving proposals, it opted to keep the asset in its portfolio. Shell received proposals from Enauta, PRIO and Karoon. The decommissioning of Parque das Conchas is scheduled for the end of the decade. Shell continues with... Continue Reading →
Japanese FPSO operator MODEC has confirmed that a new floating production storage and offloading (FPSO) vessel arrived in Brazil to get ready for work in the pre-salt Santos Basin for the country’s state-owned energy giant, Petrobras. In a recent social media post, MODEC reported that the FPSO Anita Garibaldi MV33, its newest production vessel, arrived in Brazil, where its... Continue Reading →
Australian operator Karoon Energy has advanced in preparations for the start of production in the Patola field, in the Santos Basin. The company expects to start production in the area at the end of the first quarter of this year. The drilling rig Noble Developer completed drilling and completion activities in the field. Installation of... Continue Reading →
Brazil Energy Insight 