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The sixth-generation semi-submersible rig, Hunter Queen, which has belonged to PRIO since July 2022, completed its first operation this month in the Frade field, in the Campos Basin. The rig has the capacity to drill in water depths of up to 3,000 meters and wells of up to 10,000 meters, and is also capable of... Continue Reading →
(OE) Norwegian subsea services firm Reach Subsea, together with its Brazilian partner OceanPact, received a notice of contract award from Equinor for combined light construction, IMR (inspection, maintenance, and repair) and survey services on the Peregrino field offshore Brazil. The specific project has a duration of approximately 45 vessel days and is assigned as part... Continue Reading →
(PN) Halliburton announced today a new contract with the Libra consortium, which is led by Petrobras. Under the agreement, Halliburton will develop a digital twin for a system in the Mero field, in the Santos Basin pre-salt. In a statement to the market, the company states that the technology will help the consortium to “reduce... Continue Reading →
(OET) Joint venture (JV) partners in the Corentyne block – Canada’s CGX Energy and Frontera Energy – are on the lookout for partners to enable the development of discoveries on the Corentyne block offshore Guyana, as exploration results support the potential for a standalone shallow oil resource development across the block. CGX and Frontera highlight... Continue Reading →
Venezuela has begun contacting energy firms involved in an long-idled offshore gas project to push them to begin new exploration and operations near its maritime border with Guyana, five people close to the talks said. The request to act on blocks that have not been touched in more than a decade comes amid an escalating... Continue Reading →
(Reuters) Occidental Petroleum said on Monday it would buy energy producer CrownRock in a cash-and-stock deal valued at $12 billion including debt, expanding in the lucrative Permian basin. Investors are pressing oil and gas producers to expand their inventories following Exxon Mobil's $60 billion deal for Pioneer Natural Resources and Chevron's $53 billion agreement for Hess in October. Occidental will finance the purchase of... Continue Reading →
Wison (Nantong) Heavy Industry, an affiliate of Wison Offshore & Marine (WOM), has entered into a memorandum of understanding (MoU) with Nigeria National Petroleum Corporation (NNPC) for the development of a floating LNG project in Nigeria, targeting the international LNG market. Wison and NNPC signed the MoU at COP28 in Dubai on December 6, 2023.... Continue Reading →
Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has hosted dignitaries from Brazil, who came to visit a floating production, storage, and offloading (FPSO) vessel, destined to work at Enauta’s field off the coast of Brazil. At the start of December 2023, several dignitaries – Rui Costa, Chief of Staff at... Continue Reading →
– PRIO S.A. ("Company" or "PRIO") (B3: PRIO3) informs its shareholders and the market in general that, at a meeting of the Board of Directors held on this date, the payment of interim dividends, to the account of the unrealized profits reserve, in the total gross amount of R$60,615,773.09 (sixty million, six hundred and fifteen... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), following best practices in corporate governance, informs its investors and the market in general the preliminary unaudited production data for November 2023. (1) It does not consider gas production at Areia Branca, Fazenda Belém and Papa Terra Clusters, as those volumes are consumed in... Continue Reading →
Brazil Energy Insight 