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Norwegian state-owned oil and gas giant Equinor has disclosed video footage, showing a floating production storage and offloading (FPSO) vessel, which will work on its field offshore Brazil, leaving a Chinese shipyard, following 32 months of work. Equinor’s video shows the FPSO Bacalhau hull leaving the Dalian Shipbuilding (DSIC) shipyard in China. This comes over a month after... Continue Reading →
(Reuters) Mexico's state oil company Petroleos Mexicanos will see its crude output reduced by some 100,000 barrels per day (bpd) until the beginning of August after a massive fire on Friday at an offshore platform, a top company source said. The reduced production implies that, in total, Pemex will lose at least 2 million barrels of... Continue Reading →
Australia’s oil and gas company Karoon Energy has updated its contingent resource estimates for a field offshore Brazil. This is expected to facilitate the technical and commercial feasibility studies for a potential development, which are currently underway. Karoon added the Neon oil discovery option in May 2022 to the rig it hired in April 2021. Following the Patola completion activities, the Maersk Developer rig,... Continue Reading →
Oil and gas companies are set to spend $58 billion on well intervention – a way to extract additional resources from an existing well instead of drilling a new one – in 2023, the Norwegian energy intelligence group Rystad Energy said. Rystad Energy said its modeling showed this is just the start of a surge... Continue Reading →
(Reuters) Mexican oil company Pemex estimates that a deadly fire on a major offshore platform off the southern edge of the Gulf of Mexico has led to the loss of 700,000 barrels of crude oil production so far, while one person remains missing, the CEO of the state company, Octavio Romero, said on Saturday. The... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), following best practices in corporate governance, informs its investors and the market in general the preliminary unaudited production data for June 2023. (1) It does not consider gas production at Areia Branca, Fazenda Belém and Papa Terra Clusters, as those volumes are consumed in... Continue Reading →
(Reuters) Guyana's environmental regulator on Wednesday granted an Exxon Mobil-led consortium approval to drill 35 new offshore exploration and appraisal wells as the group looks to expand its production successes in the South American country. The wells will be drilled within the group's 6.6 million acre (26,800-sq km) Stabroek offshore block, where more than 11... Continue Reading →
(GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday it has been awarded a significant order, to be booked in the second quarter of 2023, by MODEC to supply gas technology equipment for the BM-C-33 project in the Brazilian pre-salt Campos area. The project is developed by Equinor with partners Repsol Sinopec Brasil... Continue Reading →
C-Kore Systems recently delivered its automated subsea testing tools for a large subsea construction campaign in Brazilian waters. The C-Kore tools will be used to perform the subsea electrical verification of new umbilicals after installation. C-Kore says its subsea testing tools are used by operators and installation contractors on both installation campaigns and fault-finding operations.... Continue Reading →
Brazilian oil and gas player Enauta has temporarily interrupted production from a field located offshore Brazil only days after completing the preventive maintenance activities for a floating, production, storage, and offloading (FPSO) vessel, which is carrying out operations on this field. Enauta started preventive maintenance at the FPSO Petrojarl I in May 2023 and the production at the Atlanta field was... Continue Reading →
Brazil Energy Insight 