(TN) Petrobras invested BRL 600 million in the largest seismic campaign in ultra-deep waters in the world, concluded at the end of April in the Tupi field and in the Iracema area, in the Santos Basin pre-salt, on the southeastern coast of Brazil. Lasting one year, the operations covered an area of 3,164 km², equivalent... Continue Reading →
Saipem’s Acoustic Subsea Pipeline Monitoring Tech Gets DNV Nod
(OE) Italian offshore services firm Saipem said Tuesday that its Integrated Acoustic Unit (I.A.U.) technology for monitoring of subsea pipelines during laying operations had obtained the statement of qualified technology for medium and large pipelines by DNV. Saipem describes its I.A.U. as an innovative digital instrument, developed by Saipem and based on acoustic technology, which... Continue Reading →
Shawcor’s Pipe Coating Division Wins $110M Contract for Deepwater Project in South America
Canada-based Shawcor has informed that its pipe coating division, Pipeline Performance Group (“PPG”), has received a formal contract award for a development project, located offshore in South America. Shawcor had previously announced its conditional award, pending project sanction, in late 2022. Shawcor will provide thermal insulation and anticorrosion coating services from an unnamed Western Hemisphere... Continue Reading →
3R Petroleum on the resumption of production at the Papa Terra Cluster
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, and following the material fact disclosed on May 16, 2023, informs its investors and the market in general that repairs of the offloading system on platform 3R-3 (FPSO) were concluded on May 24 and on... Continue Reading →
TotalEnergies signs memorandum for offshore wind projects with the Government of Rio de Janeiro
TotalEnergies and the Government of Rio de Janeiro announced the signing of the Memorandum of Understanding (MoU) to collaborate with the development of offshore wind generation in the State. The agreement, which lasts for 2 years, includes the company's collaboration in studies related to fiscal and tax incentives and the expansion of the GRID system... Continue Reading →
Carbon capture seen as ‘key tool’ in fight against greenhouse gas emissions
(OET) With decarbonisation being seen as one of the biggest challenges facing the energy industry today, Offshore Energies UK (OEUK) has outlined that the recently offered carbon storage licences signify the country could bury 30 million tonnes of CO2 a year by 2030 and become a renowned mover and shaker in decarbonisation technology. After the... Continue Reading →
Brazil’s Petrobras renews bid to win oil well license at the Foz do Amazonas Basin
Brazilian state-run oil firm Petrobras (PETR4.SA) has asked to resume a process for a license to drill a controversial well at the Foz do Amazonas Basin, the company's chief executive said late on Thursday. CEO Jean Paul Prates' statement regarding the well known as Morpho 1-APS-57 comes after the company said it would appeal environmental agency Ibama's... Continue Reading →
BW Energy provides offshore Namibia, Brazil development updates
(OM) BW Energy says a 3D seismic survey has finished over its license offshore Namibia, with gravity and magnetic datasets also acquired. It plans to use the results to refine its depositional model, de-risk additional upside targets, and provide improved data to support FEED programs for the Kudu gas field development 130 km offshore southwest... Continue Reading →
Floating Solar Market Set to Surpass 6 GW by 2031, Wood Mackenzie
(OE) The global floating solar market is expected to pass the six-gigawatt (GW) threshold by 2031, as PV developers struggle to meet growing solar demand and look to alternate development technologies, energy intelligence firm Wood Mackenzie said in a report Wednesday. “The global solar industry, including PV developers, continue to battle limited land availability and... Continue Reading →
The New Exploratory Frontiers and the Brazilian Impasse, by Rodolfo Henrique de Saboia – Director General of ANP
Exclusive article from TN Magazine The oil industry's activity resembles a moving bicycle. Without new impulses, the activity remains for a while, but tends to gradually decline and eventually cease. In the oil sector, these impulses can be given in two ways: with the exploration of new areas; or with investments in existing fields to... Continue Reading →