Brought to you by Quest Offshore & Southern Cone Consultants
Oct 22 (Reuters) - Brazil's state-run oil firm Petrobras and Norway's Equinor were the big winners in an auction for blocks in Brazil's pre-salt area, acquiring one block each and partnering up for a third one, oil regulator ANP made public on Wednesday. Australia's Karoon Energy also acquired one block, and China's CNOOC and Sinopec formed a consortium to acquire... Continue Reading →
Oct 21 (Reuters) - Brazilian state-run oil company Petrobras'could start oil and gas production in the Foz do Amazonas basin within seven years if large reserves are confirmed, the company's Chief Executive Magda Chambriard told Reuters on Tuesday. Brazil's environmental agency Ibama on Monday greenlit Petrobras to drill an exploratory well in Foz do Amazonas, near the... Continue Reading →
Oct 21 (Reuters) - Portugal's Galp is in advanced talks with several oil majors to sell a 40% stake in its promising offshore Mopane field in Namibia and expects to choose a partner by the end of the year, Executive Board Member Nuno Bastos said on Tuesday. The Mopane field has estimated reserves of at least 10 billion... Continue Reading →
Oct. 21 (OE) A consortium of offshore energy companies including TotalEnergies, Equinor, Aker BP, DeepOcean, Tenaris, and LS Cable & System has launched a joint industry project to commercialize a new subsea flowline heating technology designed to cut costs and carbon emissions related to deepwater oil and gas subsea tie-back projects. The system, named FlowHeat,... Continue Reading →
Oct. 17 (moneytimes) Prio obtained authorization from the National Agency of Petroleum, Natural Gas, and Biofuels (ANP) to resume production at the FPSO Peregrino, operated by Equinor. According to the relevant fact released to the market, the production ramp-up process will begin immediately. The shutdown occurred in mid-August of this year due to pending safety... Continue Reading →
Oct. 17 (offshore-energy.biz) U.S. offshore engineering and construction firm McDermott has delivered its first subsea project in Angola, as part of which it worked for TotalEnergies on the Begonia field development. McDermott announced on October 16 the completion of engineering, procurement, construction, installation (EPCI), pre-commissioning and commissioning activities for the development located in Block 17/06,... Continue Reading →
Oct 16 (Reuters) - Guyana's Vice President said on Thursday the country will not take any possible gas development off the negotiation table, including Exxon Mobil's future offshore projects. Exxon's eighth project, Longtail, is expected to be the first to develop non-associated gas in Guyana, and two more discoveries, Haimara and Pluma, could follow. An Exxon... Continue Reading →
Oct. 16 - SBM Offshore has taken a step forward in the race for the construction and operation contracts for the two offshore platform ships (FPSOs) for the Sergipe Deepwaters project (SEAP I and II). Petrobras opened the bids from its competitors on October 15. The Dutch company submitted the best offers, with a total... Continue Reading →
Oct. 16 (OE) Equinor and its partners has started production from the large Bacalhau field in Brazil, whose recoverable reserves exceed 1 billion barrels of oil equivalent (boe). Bacalhau is located in the pre-salt region of Brazil's Santos Basin in ultra-deep water of over 2,000 meters. The field features one of the most modern floating... Continue Reading →
Oct. 16 (OE) U.S. oilfield services provider Halliburton has secured multiple contracts from Petrobras to provide completion and stimulation services for its deepwater fields offshore Brazil. The contracts entail vessel stimulation, intelligent completions, and safety valves services, using Halliburton’s engineering solutions. In the Búzios field, Halliburton will deploy its SmartWell intelligent completion technology to enable... Continue Reading →
Brazil Energy Insight 