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(OE) The first multiphase pumping subsea system (MPP), that will support oil and gas production at the Atlanta field in Brazil's Santos Basin, has been shipped from Norway, Brazilian oil and gas company Enauta has informed. The MPP, manufactured by OneSubsea, was loaded on January 21, 2024, in Norway ahead of shipping for Brazil. The... Continue Reading →
(PN) New numbers point to an increase in well drilling activity in Brazil. The National Petroleum Agency (ANP) revealed new data forecasting investments in exploration in Brazil. According to the regulatory body, oil companies located in the country must spend US$1.96 billion on exploration during the year 2024. Well drilling is the activity that will... Continue Reading →
(OE) Singapore’s Offshore Frontier Solution – a joint venture between MODEC and Toyo Engineering Corporation – has awarded ABB a contract to deliver a complete electrical system and associated digital solutions for Errea Wittu floating production storage and offloading (FPSO) unit. Errea Wittu FPSO will be operated approximately 200 kilometers off the coast of Guyana... Continue Reading →
(TN) Elysian Brasil Exploração e Produção de Petróleo e Gás Natural Ltda., ("Elysian Petroleum"), announces that, on January 17, 2024, it was duly qualified by the National Agency for Petroleum, Natural Gas and Biofuels ("ANP") as Operator "C" (onshore), in accordance with the Tender Notice for the 4th Cycle of the Permanent Offer This means... Continue Reading →
(BJ) A relevant shareholder of 3R Petroleum is proposing a carveout of the company's onshore oil fields and the incorporation of these assets by PetroReconcavo, in a transaction that shows the struggle of junior oils for scale, sources familiar with the matter told Brazil Journal. The rationale for the transaction is already known to the... Continue Reading →
FutureOn, a Norwegian software company specializing in the energy sector, has joined forces with Rystad Energy to launch a digital tool that integrates up-to-date cost estimation with live project data for energy developments, opening doors to accelerated project delivery and efficiency for companies across the energy supply chain. According to FutureOn, its FieldTwin and Rystad... Continue Reading →
(OE) Offshore drilling contractor Stena Drilling has taken delivery of its 7th generation Stena Evolution ultra-deepwater drillship from Samsung Heavy Industries. After a decade in the making, Stena Evolution drillship has finally been completed and is ready for its first job. The technologically advanced drillship is capable of operating at water depths of up to... Continue Reading →
(OM) A major capex shift from North America to international markets has been ongoing since early 2023, according to Evercore ISI’s latest Offshore Rig Market Snapshot. This trend has been concurrent with low natural gas prices in the US, which has prompted a number of rigs to out into international markets. Combined with attractive offshore... Continue Reading →
(Reuters) Guyana said it expects to receive some $2.1 billion from oil exports and $320 million from royalties this year as crude production continues to rise, an increase from the $1.62 billion received in 2023. The South American nation's gross domestic product is expected to increase by 34.3% in 2024, the fifth consecutive year of... Continue Reading →
(OET) LNG project developer Mexico Pacific has signed a third long-term sales and purchase agreement (SPA) with ExxonMobil LNG Asia Pacific for an additional 1.2 million tonnes per annum (mtpa) of LNG from Train 3 of Mexico Pacific’s Saguaro Energia project located on the west coast of Mexico. With this agreement, ExxonMobil exercised the option... Continue Reading →
Brazil Energy Insight 