Sapura enhances subsea capabilities with acquisition of Exail Rovins Nano inertial navigation systems

Sapura, a leading Brazilian provider of subsea services, has recently acquired eight units of Exail Rovins Nano Inertial Navigation Systems (INS). Integrated into Sapura's fleet of remotely operated vehicles (ROV), Exail INS are intended to significantly enhance Sapura’s ROVs capabilities in offshore installation of subsea equipment. Ensuring highly accurate navigation down to 6000 meters, Rovins... Continue Reading →

February 1, 2024 0

Petrobras informs on receipt of earnout from Sépia and Atapu

Petróleo Brasileiro S.A. – Petrobras informs that it has received, in cash, an amount of R$ 1.819 billion, referring to the complement of the firm compensation (earnout) of the 2023, from the Sépia and Atapu blocks. The amount already includes the gross-up of the taxes levied on the 28%, 21% and 21% stakes held by TotalEnergies... Continue Reading →

January 31, 2024 0

Oil producer Hess tops profit estimates on higher Bakken, Guyana output

(Reuters) - U.S. oil and gas firm Hess (HES.N), opens new tab beat Wall Street estimates for fourth-quarter profit on Wednesday, helped by higher production in its Bakken shale and Guyana operations. Hess has agreed to be acquired by Chevron (CVX.N), opens new tab for $53 billion in an all-stock deal that would give the No. 2 U.S. oil producer... Continue Reading →

January 31, 2024 0

Oil States signs contract to supply rigid jumpers for the Mero field

(PN) Oil States Brasil is celebrating the achievement of a new and unprecedented contract. The company announced this week that it has signed an agreement with Subsea7 to supply rigid jumpers for the third production system in the Mero field, in the Santos Basin. The contract is a major milestone for the company, as it... Continue Reading →

January 31, 2024 0

SLB and Equinor Set Autonomous Drilling Record Offshore Brazil

(OE) Oilfield services and technology company SLB and Equinor have drilled the most-autonomous well section to-date at Peregrino C platform offshore Brazil, marking a significant step forward to fully autonomous drilling operations. SLB digital technologies for surface automation, autonomous on-bottom drilling, and directional drilling were combined to enable 99% of a 2.6-kilometer section to be... Continue Reading →

January 31, 2024 0

Norwegian player’s compressor system hand-picked for Yinson Production’s Angola-bound FPSO

(OET) Norway’s compressed air systems supplier TMC Compressors has been hired by Yinson Production to deliver a large-capacity marine compressed air system on board a floating, production, storage, and offloading (FPSO) vessel destined to operate offshore Angola. TMC Compressors reported on Monday, January 29, 2024, that the marine compressed air system would entail compressors for control... Continue Reading →

January 29, 2024 0

Petrobras enters in direct negotiations with Seatrium for the construction of FPSOs P-84 and P-85

(PN) Petrobras is in direct negotiations with Seatrium (a company formed by the merger between Sembcorp Marine and Keppel Offshore) for the construction of platform ships (FPSOs) P-84 and P-85. The vessels will be installed by Petrobras in the Atapu and Sépia fields, respectively, both located in the pre-salt of the Santos Basin. In Brazil,... Continue Reading →

January 27, 2024 0

Petrobras on Proved Reserves in 2023

Petróleo Brasileiro S.A. – Petrobras discloses its proved reserves of oil, condensate, and natural gas, according to SEC (US Securities and Exchange Commission) regulation, estimated at 10.9 billion barrels of oil equivalent (boe), as of December 31, 2023. Oil and condensate, and natural gas correspond to 84% and 16% of this total, respectively. In 2023,... Continue Reading →

January 26, 2024 0

Petrobras reaches 2023 annual production target

Petróleo Brasileiro S.A. – Petrobras informs that, in 2023, it reached total oil and natural gas production of 2.78 MMboed, 3.7% higher than the production recorded in 2022. Commercial production of oil and natural gas was 2.44 MMboed and oil production 2.24 MMbpd. These results exceeded our Strategic Plan 23-27 guidances and were in line... Continue Reading →

January 26, 2024 0

Brazil: Oil exports record the highest level in two decades

The exponential growth in pre-salt production, 240% since the first oil in the region, and the maintenance of refinery capacity generated a significant volume of surplus input, sold on the international market. The projection is for a continuous increase until 2030. Brazil reached a historic milestone in its oil exports, reaching the highest volume in... Continue Reading →

January 26, 2024 2

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Category: Offshore production

Sapura enhances subsea capabilities with acquisition of Exail Rovins Nano inertial navigation systems

Petrobras informs on receipt of earnout from Sépia and Atapu

Oil producer Hess tops profit estimates on higher Bakken, Guyana output

Oil States signs contract to supply rigid jumpers for the Mero field

SLB and Equinor Set Autonomous Drilling Record Offshore Brazil

Norwegian player’s compressor system hand-picked for Yinson Production’s Angola-bound FPSO

Petrobras enters in direct negotiations with Seatrium for the construction of FPSOs P-84 and P-85

Petrobras on Proved Reserves in 2023

Petrobras reaches 2023 annual production target

Brazil: Oil exports record the highest level in two decades

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