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(OE) Oil and gas company Enauta has started anchoring operations for the floating production storage and offloading (FPSO) unit Atlanta in Santos Basin, offshore Brazil. As planned, the FPSO Atlanta arrived at Atlanta Field in Santos Basin on May 11, 2024, after setting sail from Dubai in March, following the conclusion of the construction activities and sea... Continue Reading →
(OE) ExxonMobil and its partners have made an oil discovery at Block 15 offshore Angola, while drilling the exploration well located in the Kizomba B development area. The discovery was made while drilling the Likembe-01 well in Block 15, operated by ExxonMobil, in partnership with Azule Energy, Equinor and Sonangol. Drilled between the months of... Continue Reading →
(Reuters) - Colombia's average daily oil output is closing in on 800,000 barrels per day (bpd) even as the Andean country increasingly looks to boost renewable energies, the president of the National Hydrocarbons Association (ANH) regulator said. The government of leftist President Gustavo Petro has said it wants to wean Colombia off of its dependence... Continue Reading →
(Offshore-energy.biz) Norwegian vessel operator Sea1 Offshore, former Siem Offshore, has won a deal in South America with an undisclosed company for one of its anchor handling tug supply (AHTS) vessels. Siem Offshore changed its name to Sea1 Offshore following the exit of Kristian Siem and the divestment of nine vessels to Siem Sustainable Energy and related companies. The list of... Continue Reading →
(OM) SBM Offshore expects to deliver the FPSO Almirante Tamandaré to Petrobras later this year, the company said in a trading update. The topside modules lifting campaign has finished, and integration and commissioning activities are progressing. The completed platform should produce first oil from the Búzios Field in the Santos Basin offshore Brazil next year. As for other FPSOs... Continue Reading →
3R Petroleum Óleo e Gas S.A. (“3R” or “Company”) (B3: RRRP3) hereby presents its results for the first quarter of 2024 (“1Q24”) . Except as indicated otherwise, the financial and operational information herein described is presented on a consolidated basis, in Brazilian Reais (R$), and in accordance with International Financial Reporting Standards (IFRS). QUARTER HIGHLIGHTS... Continue Reading →
(Reuters) - Guyana's cabinet has approved a bid for an offshore oil block by a consortium including QatarEnergy (QATPE.UL), TotalEnergies and Malaysian state-owned Petronas (PETRA.UL), a minister from the South American country said on Wednesday. Guyana, home of the largest oil discoveries in nearly a decade, offered 14 offshore blocks in September in its first competitive auction that... Continue Reading →
(Bloomberg) -- Mexico is studying options to absorb as much as $40 billion in Pemex debt, the equivalent of what will come due in the next presidential term, one of its top finance officials told investors in New York. The government is considering options that could include repurchasing bonds issued by the heavily indebted state... Continue Reading →
Barry Parker, Contributor (OE) Offshore energy is on a growth trajectory. Rystad Energy wrote in February 2024 that upstream oil majors were diving in to deeper waters. “Despite tightened budgets, frontier drilling is fueling optimism for a productive year, particularly deepwater projects in the Atlantic Margin, Eastern Mediterranean and Asia,” Rystad wrote, noting that “the trend... Continue Reading →
(PN) Yinson announced that the FPSO Maria Quitéria departed the Cosco Shipping Heavy Industry shipyard, in China, heading to Brazil. The vessel is expected to arrive in the country during the second quarter of 2024 and will be installed in the Jubarte field, in the northern part of the Campos Basin. The FPSO will be... Continue Reading →
Brazil Energy Insight 