Brazil National Production of oil and natural gas increased in May and reached 4.234 million barrels of oil equivalent per day (boe/d)

(TN) ANP released today (2/7) the Monthly Oil and Natural Gas Production Bulletin for May 2024, which provides consolidated data on national production. This month, there was an increase in oil and natural gas production, and also in pre-salt production.Total production (oil + natural gas) was 4.234 million barrels of oil equivalent per day (boe/d).Regarding... Continue Reading →

July 2, 2024 0

Petrobras (PBR) Puts Off the Barracuda-Caratinga FPSO Tender

(Zack's) Petrobras PBR, the state-controlled oil company in Brazil, has once again delayed the bid submission deadline for chartering a floating production, storage and offloading (FPSO) vessel aimed at revitalizing operations in the Barracuda-Caratinga field within the Campos Basin. This recurring postponement reflects PBR's ongoing challenges in garnering sufficient interest from floater companies for its bidding... Continue Reading →

July 2, 2024 0

Enauta Cancels Acquisition of FPSO Cidade de Santos from MODEC

(OE) Brazilian oil and gas company Enauta has terminated the contract to acquire the floating production, storage, and offloading (FPSO) unit Cidade de Santos from MODEC, announced in relation with the acquisition of Uruguá and Tambaú fields from Petrobras. In December 2023, Enauta entered into $48.5 million agreement with MODEC to buy the FPSO Cidade... Continue Reading →

July 2, 2024 0

MODEC and Terra Drone Join Forces for FPSO Drone Inspections

(OE) MODEC and Terra Drone Corporation have entered into a joint research and development agreement to enhance inspection drones for floating production, storage and offloading (FPSO) vessels. The agreement follows the memorandum of understanding signed by the companies in November 2023. Since, MODEC has continuously utilized Terra Drone’s drone technology to measure the hull thickness... Continue Reading →

July 1, 2024 0

Fulcrum LNG to Pair with McDermott, Baker Hughes for Guyana Gas Project

(Reuters) A proposed large natural gas project in Guyana by U.S. energy developer Fulcrum LNG includes partnerships with U.S. oil service company Baker Hughes and engineering firm McDermott, the country's vice president said on Thursday. Guyana's President Irfaan Ali last week said Fulcrum LNG had been chosen from among 17 companies to help Guyana develop... Continue Reading →

June 28, 2024 0

Turning Guyana block’s oil promise into reality: Two players proclaim potential commercial interest

(Offshore-energy.biz) Joint venture (JV) partners, Canada’s CGX Energy and Frontera Energy, are seeking to undertake additional action to tap into and unleash the hydrocarbon resources on the Corentyne block offshore Guyana, given the potential for a standalone shallow oil resource development across the block, which their exploration results highlighted. As a result, the JV has... Continue Reading →

June 27, 2024 0

TotalEnergies Nets Exploration License Offshore Sao Tome and Principe

(OE) TotalEnergies has signed an agreement to acquire a 60% interest and operatorship in Block STP02, offshore Sao Tome and Principe, from the Agência Nacional do Petroléo de S. Tomé e Principé (ANP-STP). The remaining interest will be held by the existing license holders, Sonangol (30%) and ANP-STP (10%). Located within an emerging basin, 60... Continue Reading →

June 27, 2024 0

Petrobras Impacted in Three Oil Fields by Environmental Workers’ Strike

(Reuters) A strike by environmental workers in Brazil is already impacting Petrobras' operations in three offshore oil fields, the state-run firm told Reuters on Wednesday. There have been delays in developing production in the Mero, Buzios and Marlin fields, assets that require approval from the environmental agency Ibama to increase production. Since January, Ibama employees... Continue Reading →

June 27, 2024 0

BP Halts Hiring, Pauses New Offshore Wind Projects to Win Over Investors

(Reuters) BP's new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects as he places a renewed emphasis on oil and gas amid investor discontent over its energy transition strategy, sources at the company said. The moves, which have not previously been reported, are part of a decision by Auchincloss... Continue Reading →

June 27, 2024 0

Guyana Selects Former Exxon Exec’s Firm to Engage with Exxon in Gas Project

(Reuters) A newly formed company headed by a former Exxon Mobil executive was selected to support the Guyana government and Exxon to create a new independent natural gas development in the country, Guyana's Ministry of Natural Resources said. Fulcrum LNG offered "the most comprehensive and technically sound proposal" among 17 bidders, the government said in... Continue Reading →

June 26, 2024 1

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Category: Offshore production

Brazil National Production of oil and natural gas increased in May and reached 4.234 million barrels of oil equivalent per day (boe/d)

Petrobras (PBR) Puts Off the Barracuda-Caratinga FPSO Tender

Enauta Cancels Acquisition of FPSO Cidade de Santos from MODEC

MODEC and Terra Drone Join Forces for FPSO Drone Inspections

Fulcrum LNG to Pair with McDermott, Baker Hughes for Guyana Gas Project

Turning Guyana block’s oil promise into reality: Two players proclaim potential commercial interest

TotalEnergies Nets Exploration License Offshore Sao Tome and Principe

Petrobras Impacted in Three Oil Fields by Environmental Workers’ Strike

BP Halts Hiring, Pauses New Offshore Wind Projects to Win Over Investors

Guyana Selects Former Exxon Exec’s Firm to Engage with Exxon in Gas Project

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