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(OM) Late last month Halliburton Landmark announced it is working with the Petrobras-led Libra Consortium on a digital twin for the presalt Mero Field in the Santos Basin offshore Brazil. The aim is to help reduce capex, speed up production times and improve crude oil recovery using the new insights obtained in a real-time environment. The digital twin, a... Continue Reading →
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 →
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 →
(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 →
(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 →
(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 →
(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 →
(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 →
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 →
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 →
Brazil Energy Insight 