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(Reuters) - Exxon Mobil Corp (XOM.N) and two partners earned $5.8 billion last year from offshore oil production in Guyana, according to audited results filed in an appeal of a court ruling that found them in breach of insurance obligations. The filing is the first disclosure of 2022 profits Exxon, Hess Corp (HES.N) and CNOOC Ltd (0883.HK) earned from oil produced... Continue Reading →
(Reuters) - The head of Brazilian environmental agency Ibama said on Monday that the regulator is unlikely to succumb to political pressure and reverse its rejection of a request from state oil company Petrobras to drill a well near the mouth of the Amazon River. "It's unlikely to have a change of position simply because... Continue Reading →
(OW) All five innovation projects selected in Scotland’s INTOG (Innovation and Targeted Oil & Gas) leasing round have now signed exclusivity agreements with Crown Estate Scotland, which allows the developers to start offshore wind development work while Marine Scotland’s planning process for the INTOG Sectoral Marine Plan (INTOG SMP) is completed. The INTOG leasing round has three... Continue Reading →
The FPSO Guanabara (Mero 1) completed one year of operation on April 30th. This FPSO is the first of a series of four definitive platforms scheduled for the unitized Mero field, in the Libra block (Strategic Plan 2023-2027).In that first year, several milestones were achieved: the TOP of the unit in January/2023, the production record... Continue Reading →
(epbr) Despite Ibama's veto of the environmental license for drilling a Petrobras well in deep waters in the Foz do Amazonas Basin this week, activities in the region are not unprecedented. According to public data from the National Petroleum Agency (ANP), Foz has already had 95 drillings — all have occurred in shallow waters. Practically... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has received Official Letter No. 386/2023/GM-MME, through which the Ministry of Mines and Energy ("MME") requests that Petrobras, within its rules of governance and in compliance with strict legality, reiterate the request for licensing of the activity with the Brazilian Institute of Environment and Natural Resources ("IBAMA"),... Continue Reading →
(OM) Hookup operations have finished on the converted Pargo floating storage and offloading vessel (FSO) on the Pargo cluster in the Campos Basin offshore Brazil. Operator Perenco Brazil now plans to submit final documents to the country’s regulatory authorities to obtain an operations license for the FSO. The program included connection of nine mooring lines and the... Continue Reading →
(OET) Australia’s oil and gas company Karoon Energy has restarted production from assets connected to a floating, production, storage, and offloading (FPSO) vessel offshore Brazil, following maintenance work. Karoon shut-in Baúna production, including from the Patola field, on 28 March due to a loss of containment incident associated with the high-pressure flare on the FPSO Cidade de Itajaí. After the FPSO operator,... Continue Reading →
(Reuters) Shell Plc will use AI-based technology from big-data analytics firm SparkCognition in its deep sea exploration and production to boost offshore oil output, the companies said on Wednesday. SparkCognition's AI algorithms will process and analyze large amounts of seismic data in the hunt for new oil reservoirs by Shell, the largest oil producer in the... Continue Reading →
French oil major TotalEnergies said Monday it had, with its partners, signed Production Sharing Contracts (PSC) on Blocks 6 & 8 with Staatsolie Maatschappij Suriname (Staatsolie), the State-owned oil company of Suriname. Blocks 6 and 8 were awarded to TotalEnergies in the Suriname Shallow Offshore Bid Round 2020/2021. TotalEnergies will operate the two blocks with... Continue Reading →
Brazil Energy Insight 