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(PN) Wood announced today that it has secured an extension of a US$80 million contract with Equinor Brasil. The agreement provides for the provision of maintenance and modification solutions for offshore assets in the Peregrino field, in the Campos Basin. The two-year extension builds on a long-term, global partnership with Equinor, where Wood supports the... Continue Reading →
(OM) Late last month Halliburton Landmark announced it is working with the Petrobras-led Libra Consortium on a digital twin for the presalt Mero Field in the Santos Basin offshore Brazil. The aim is to help reduce capex, speed up production times and improve crude oil recovery using the new insights obtained in a real-time environment. The digital twin, a... Continue Reading →
(Bloomberg) – Venezuelan oil production at a four-year high is expected to decline quickly if the US follows through on threats to reinstate sanctions on the nation. The Biden administration on Tuesday said sanctions relief to Venezuela’s oil and gas sector will be allowed to expire on April 18, unless the government holds free and... Continue Reading →
PRIO plans to extract the first oil from the Wahoo field, in the Campos Basin, in the first quarter of this year. Initially, the plan was to start producing at the beginning of the second half of 2024. The field will be mainly responsible for the company's growth this year and next, especially in the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has received, in cash, an amount of R$ 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 →
(Reuters) Mexico's heavily indebted state oil company Pemex will have about 200 billion pesos ($11.7 billion) this year to cover almost all of its regular debt payments, a senior finance official said on Tuesday. Deputy Finance Minister Gabriel Yorio told reporters that some 145 billion pesos were allocated from the federal budget, which was approved... 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 →
(OE) Offshore drilling contractor Seadrill has secured multiple contract awards totaling approximately $97.5 million for its West Vela and West Cappella drillships, announcing also it would resume management services for its West Auriga drillship earlier than expected. Talos Production has awarded the West Vela a contract with an estimated duration of 150 days in the... Continue Reading →
Brazil Energy Insight 