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(OE) SBM Offshore and Petrobras have signed an agreement to study the application of carbon capture modules on floating production, storage, and offloading (FPSO) units. The module design is based on an engineering and design study between SBM Offshore and Mitsubishi Heavy Industries (MHI), qualified by DNV. It is based on a combination of MHI’s... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the FPSO Almirante Tamandaré (Búzios 7) has started production today in the Búzios field, located in the pre- salt layer of the Santos Basin. This is the first high-capacity unit to be installed in the field, with the potential to produce up to 225,000 barrels of oil per... Continue Reading →
On Wednesday, February 12, Petrobras signed an oil export contract with the Indian state-owned company BPCL - Bharat Petroleum Corporation Limited. The contract provides for a total sales volume of up to 6 million barrels per year and will begin in 2025. "This contract is expected to increase India's share of Petrobras' oil exports. We... Continue Reading →
(offshore-energy.biz) With the need to ensure energy independence in mind, the government of Trinidad and Tobago has initiated its new bidding round to boost hydrocarbon exploration and production in this Caribbean twin-island country located off the northern edge of the South American mainland. Given the myriad of challenges the world is facing today – from... Continue Reading →
(OE) Brazilian oil and gas firm Brava Energia has signed a contract with Trafigura for the sale of oil from the Atlanta field, offshore Brazil. The contract is for the sale of a total volume of 6MM barrels of oil produced by the consortium in Atlanta field, 80% of which is held by Brava Energia,... Continue Reading →
(oilnow.gy) With US$17.6 billion in crude exports projected for 2025, the Stabroek Block group could recover up to US$13.2 billion in expenses in 2025. The group—ExxonMobil, Hess, and CNOOC—has committed more than US$54 billion to explore and develop the Stabroek Block resources offshore Guyana. Their production sharing agreement (PSA) with the Guyana government lets them take... Continue Reading →
(Reuters) The government of Trinidad and Tobago and Woodside Energy have reached an initial agreement on the commercial terms for developing the company's Calypso deepwater gas discoveries, moving the project one step closer to a final investment decision, according to a Woodside executive and three people with knowledge of the talks. The Caribbean country, Latin... Continue Reading →
(Reuters) - Trinidad and Tobago, the largest producer of liquefied natural gas in Latin America and the Caribbean, is seeing an increase in government revenue from LNG exports by selling cargoes at between 15% and 55% above Henry Hub prices, energy minister Stuart Young said on Monday. The increase follows a contract revamp in late... Continue Reading →
(offshore-energy.biz) Four mobile offshore drilling units (MODUs), made up of drillships owned by Noble Corporation and Stena Drilling, have buckled down and resumed hydrocarbon exploration at the Stabroek block off the coast of Guyana, enabling ExxonMobil Guyana, a subsidiary of America’s oil major ExxonMobil, to stay the course and continue searching for more oil and... Continue Reading →
(offshore-energy.biz) Australia’s oil and gas company Karoon Energy is expected to make up its mind around April 2025 about moving forward with the next stage of development, which represents the entry into front-end engineering design (FEED), for an oil field discovery in the Santos Basin off the coast of Brazil. While Karoon hired a rig... Continue Reading →
Brazil Energy Insight 