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(OM) Petrobras says the first production well has been hooked up to the FPSO Marechal Duque de Caxias at the Mero field in the presalt Santos Basin offshore Brazil. Preparations for startup are now in the final phase. The FPSO, the third permanent production platform over the field, is designed to produce up to 180,000 bbl/d of oil and 12MMcm/d... Continue Reading →
(OM) Challenger Energy has completed the transfer of a 60% interest in the AREA OFF-1 block offshore Uruguay to Chevron subsidiary Chevron Mexico Finance LLC, Sucursal Uruguay. All approvals for the transaction have come through from the Uruguayan regulatory authorities. Challenger has received a cash payment of $12.5 million and retains a 40% interest in the block, with Chevron... Continue Reading →
Petrobras ended the 3rd quarter of 2024 (3Q24) with total own production of 2.689 million barrels of oil equivalent per day (boed), a volume practically in line with the previous quarter. Among the operational highlights of the period are the achievement of peak production of the FPSO Sepetiba, in the Mero field, with the start-up... Continue Reading →
(OE) Energy technology company Baker Hughes has signed ‘significant’ contracts with Petrobras to provide flexible pipe systems that will be deployed across several oil and gas fields offshore Brazil. Baker Hughes will provide 77 km of flexible pipe systems, including includes risers and flowlines for hydrocarbon production and associated gas and water injection with support... Continue Reading →
(oilnow.gy)Guyana is set to witness the startup of its fourth oil development, Yellowtail—one of the largest investments ever made in the country. Priced at US$10 billion, this project is spearheaded by ExxonMobil and its Stabroek Block partners Hess and CNOOC. The Yellowtail project will feature the ONE GUYANA floating production storage and offloading (FPSO) vessel,... Continue Reading →
(oilnow.gy) SBM Offshore’s Chief Executive Officer, Øivind Tangen confirmed that the upcoming Jaguar floating production storage and offloading vessel (FPSO) will be executed with the same team and expertise that handled the Liza Unity FPSO. “We inherently bring all the learnings from [Liza] Unity and the execution of [Liza] Unity into that project,” said Tangen said in an... Continue Reading →
(oilnow.gy) Moody’s Ratings has upgraded Suriname’s long-term local and foreign-currency issuer ratings from Caa3 to Caa1. The outlook is now positive, reflecting the anticipated economic benefits from a significant offshore oil project. This change is driven by TotalEnergies’ recent decision to proceed with the GranMorgu oil project in Block 58, which holds 750 million barrels of recoverable reserves. The... Continue Reading →
Japan’s Modec has made further progress in the construction of a hull for a floating production, storage and offloading unit (FPSO) that will be deployed at ExxonMobil’s fifth oil development in the Stabroek block, offshore Guyana. The company announced the completion of the hull assembly of the FPSO Errea Wittu, 40 days ahead of schedule.... Continue Reading →
The Almirante Tamandaré platform ship has arrived in Brazil. The unit will be installed in the Búzios Field, in the pre-salt layer of the Santos Basin, off the coast of Rio de Janeiro. An FPSO (floating production, storage and offloading unit) platform, Almirante Tamandaré is the first high-capacity unit to be installed in the field,... Continue Reading →
(Reuters) - Brazil state-run firm Petrobras (PETR4.SA), opens new tab plans to bring oil production at its Tupi oil field back to 1 million barrels per day by 2027 as it plans new investments in the asset, its director for exploration and production said on Thursday. Located in deep waters offshore, Tupi is Brazil's largest oil field... Continue Reading →
Brazil Energy Insight 