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Brazilian oil company Enauta Participações has concluded the production ramp-up of the new well in its Atlanta field offshore Brazil., Enauta had said earlier this week that it had connected the new well 7-ATL-5H-RJS (“5H”) to the FPSO Petrojarl I. The production was at the time still in the production ramp-up phase, at around... Continue Reading →
(PN) Karoon made another advance in its Patola field, located in block BM-S-40, in the Santos Basin. The Australian operator stated that it has started production from the field's second well (PAT-1), at an initial rate of more than 12,000 barrels of oil per day. The total production of the BM-S-40 block is now over... Continue Reading →
(Reuters) - China's CNOOC (0883.HK), more than doubled its net profit in 2022, benefiting from a year of elevated international oil and gas prices following Russia's invasion of Ukraine. The company, one of China's three largest state-controlled oil and gas companies, posted a record consolidated net profit of 141.7 billion yuan ($20.57 billion), a dramatic increase... Continue Reading →
U.S. offshore engineering and construction services firm McDermott has secured a front-end engineering design (FEED) contract with Shell for a gas development project offshore Trinidad and Tobago. Under the contract, McDermott will provide comprehensive FEED services for a wellhead platform, export pipeline system, shore approach, midstream pipeline and onshore control room for the Manatee gas... Continue Reading →
(PN) A new and important step by Enauta in its drilling program in the Atlanta field, in the Santos Basin. The operator announced today that well 7-ATL-5H-RJS (also called 5H) was connected to FPSO Petrojarl I and entered into operation. The new well is in the ramp-up phase, which should be completed by next weekend.... Continue Reading →
While the global energy crisis marked 2022, efforts to propel the energy transition forward in a bid to usher in a sustainable energy future continued gaining momentum. As a result, last year was also a bumper year for carbon capture, utilization, and storage (CCUS), according to the International Energy Agency (IEA), as more than 140 new... Continue Reading →
(Reuters) - Portugal will launch a pioneering auction in the second half of this year for rights to sell hydrogen for injection into the national gas grid, which some see as a key step in kickstarting Europe’s fledgling hydrogen market. Under the terms of the auction, energy group Galp Energia will contract to buy hydrogen... Continue Reading →
Colombian majority state-owned energy company Ecopetrol on Friday named Alberto Consuegra as its interim CEO, taking over from Felipe Bayon who stands down at the end of the month following more than five years in the top position. Ecopetrol announced in January that Bayon would leave, with his departure representing a shake-up for Colombia's biggest company... Continue Reading →
(Bloomberg) -- Jean Paul Prates, the head of Brazil’s state-controlled oil company, isn’t deterred by the world’s energy transition. He says Latin America’s largest producer should keep increasing fossil fuel output for decades to come. “We will get market share,” Prates, chief executive officer of Petrobras, said in an interview in Rio de Janeiro. “We... Continue Reading →
A final investment decision for the long-stalled Sea Lion development offshore the Falkland Islands could be reached in 2024, Rockhopper, a partner in the project, said Friday, after Navitas Petroleum, the project operator, presented it with an updated development plan. Navitas Petroleum last year agreed to farm into the Sea Lion oil field development project... Continue Reading →
