Italian oilfield services provider Saipem has completed works for the subsea production network for Azule Energy’s Agogo field development project offshore Angola. Saipem reported on 2 June that its team had completed the subsea production network for the Early Phase 2 development of the Agogo field on behalf of the joint venture between BP and Eni. The scope... Continue Reading →
(REuters) Brazil's Petrobras may look abroad for future growth, two sources with knowledge of the state-run firm's plans told Reuters, after environmental regulators dashed its hopes of exploring near the Amazon River where it had aimed to make its first major domestic oil discovery in over a decade. Petroleo Brasileiro, as the company is formally known,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it started today the production of the FPSO Almirante Barroso platform, in the Búzios field, with capacity to produce daily up to 150 thousand barrels of oil and 6 million m³ of gas. FPSO Almirante Barroso will contribute to the oil production of the Búzios field, which currently... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it signed today the Production Sharing Contracts (PSC) of the 1st Cycle of the Permanent Offer Bidding Round, held through a public session on 12/16/2022, for the blocks of (i) Água Marinha, in partnership with TotalEnergies (30%), QatarEnergy (20%) and Petronas (20%), (ii) Norte de Brava, where Petrobras... Continue Reading →
(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 →
(OET) Challenger Energy Group, the Isle of Man-headquartered oil and gas company focused on the Caribbean and Americas, has started a farm-out process for a shallow water exploration block located offshore Uruguay, which has already attracted attention from several oil companies. Challenger Energy was awarded the AREA OFF-1 block in May 2020 by Uruguay’s state-owned oil and gas... Continue Reading →
(OET) Dalian Shipbuilding (DSIC), part of China State Shipbuilding Corporation (CSSC), has delivered a floating production storage and offloading (FPSO) vessel bound for an Equinor-operated field off Brazil. Back in June 2021, Equinor made the final investment decision (FID) for the $8 billion worth Bacalhau project. A few days later, MODEC officially confirmed a contract award with Equinor to deliver the engineering, procurement,... Continue Reading →
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 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 →
(Reuters) Venezuela and Trinidad and Tobago will continue negotiations on jointly developing a dormant offshore natural gas field, with a meeting scheduled for mid-June in Caracas, according to three sources familiar with the matter. Officials from both governments last met in March in Venezuela, where they signed confidentiality agreements required to set up a negotiation... Continue Reading →
