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(OET) Brazilian state-owned oil and gas giant Petrobras has notched new emissions reduction milestones, thanks to two of its giant fields in the pre-salt of the Santos Basin recording emissions below the world average last year while its carbon capture utilisation and storage (CCUS) efforts paid off, enabling it to get ranked as the largest in... Continue Reading →
(Reuters) TotalEnergies will begin studies for developing a $9 billion oil and gas project at Suriname's most promising offshore area, the French energy firm said on Wednesday during a visit by its CEO to the South American country. CEO Patrick Pouyanne met with Suriname President Chan Santokhi on Wednesday to discuss the project, which could inaugurate Suriname's offshore production. TotalEnergies... Continue Reading →
(OM) Wintershall Dea has issued a brief update on the Fénix subsea development in the Cuenca Marina Austral 1 (CMA-1) concession, offshore Argentina. The company is a partner to operator TotalEnergies: Pan American Energy is the other co-venturer. Work on Fénix is progressing as planned, with the first concrete blocks that will support the subsea... Continue Reading →
(PN) Petrobrás in final preparations to begin operating its newest platform, the FPSO Sepetiba. The unit arrived in Brazil last weekend and is expected to begin production in the Mero field, in the Santos Basin, during the fourth quarter of this year. The FPSO will have the capacity to produce up to 180 thousand barrels... Continue Reading →
Guyana's economy will boom again this year as it grows by an expected 38% thanks to "unparalleled" oil sector expansion, according to a forecast from the International Monetary Fund (IMF) released on Monday. The latest 2023 estimate follows real gross domestic product (GDP) expansion of 62% in the South American country last year, which was... Continue Reading →
(PN) The National Petroleum Agency (ANP) decided to interdict the FPSO Cidade de Santos, located in the Uruguá and Tambaú field, in the Santos Basin. The decision comes after agency inspectors found “critical deviations” in the vessel's facilities. The unit went into operation in July 2010 and is about to enter its decommissioning phase. In... Continue Reading →
(OET) Brazilian oil and gas player Enauta is anticipating the return of production from a floating, production, storage, and offloading (FPSO) vessel, which is working on a field off Brazil, by October 2023. Previously, the production was expected to resume by early September 2023. Enauta started preventive maintenance at the FPSO Petrojarl I in May 2023 and the production... Continue Reading →
(Reuters) Shell and Trinidad and Tobago's National Gas Company (NGC) are close to agreeing to credit Venezuela's state-run oil firm for its $1 billion investment in a gas field the three want to jointly develop, four people close to the discussions said. If agreed, the move could help speed a long-stalled offshore development. The U.S. in January... Continue Reading →
(TN) The pre-salt completes 15 years of production in September with renewed vigor – and a perspective of expressive growth in the coming years. To get an idea, Petrobras plans to install 11 new platforms to produce in that layer by 2027. Since December 2022, the company has already put into production two new pre-salt... Continue Reading →
(OE) Norwegian offshore vessel owner Solstad Offshore has secured new contracts for two of its subsea vessels (CSV). CSV “Normand Baltic” has been awarded a 180-day contract for providing “Walk to Work” services on an unnamed offshore wind project in Asia. The contract will start in October 2023. CSV “Normand Samson” has been hired for a period of a minimum... Continue Reading →
Brazil Energy Insight 