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Subsea services and technology specialist Oceaneering said Monday that its Freedom AUV, has achieved Technology Readiness Level 6 on a 1-9 scale. Oceaneering said that its Freedom, a hybrid AUV/ROV system, is the result of a long-term collaborative relationship between Oceaneering, TotalEnergies, and Chevron dating back to 2014, with Equinor joining the collaboration in 2019. ... Continue Reading →
PRIO (PetroRio) announced that it has resumed production at the Frade field, in the Campos Basin. Operation in the area had been suspended since August 16, after a breakdown in the inert gas line of the FPSO operating in the concession. “The Company thanks all the teams involved in the work necessary for the return... Continue Reading →
Brazilian oil company Enauta is having difficulties with fully restoring output from the Atlanta field in the Santos Basin offshore Brazil, but still expects the production to reach normal levels by September. Earlier this month, Enauta said it had restarted production from the offshore oil field - via the Petrojarl I FPSO - following a... Continue Reading →
(OM) BW Energy has issued updates on its development projects offshore Gabon and Brazil in its latest results statement. BW Energy has issued updates on its development projects offshore Gabon and Brazil in its latest results statement. In the Dussafu production sharing contract offshore Gabon, first-half production from the Tortue Field was down to about 11,100... Continue Reading →
(WO) Latest analysis from Westwood Global Energy Group, a specialist energy market research and consultancy firm, reveals a healthy recovery roadmap for the global land rig market, driven by higher commodity pricing and mounting pressures around energy security. Westwood expects many regions to recover from the dramatic global downturn throughout 2020 better than previously expected. In... Continue Reading →
(Bloomberg) — U.S. shale producers are on course to make nearly $200 billion this year, enough to make the industry debt-free by 2024 and potentially fund a pivot toward more natural gas production, according to Deloitte LLP. High oil prices and disciplined capital spending mean American frackers are on course for their most profitable year... Continue Reading →
(Reuters) Wind turbines, floating solar panels, and green hydrogen at sea are among the projects under construction off the Dutch coast, as a country famed for its water engineering prowess builds out its renewable energy infrastructure. On a tour of North Sea facilities on Aug. 25, companies and Dutch utilities showed off key projects. At... Continue Reading →
– In compliance with the terms of the Resolution No. 44, of August 23, 2021, as amended, issued by the Brazilian Securities and Exchange Commission (“CVM Resolution 44” and “CVM”, respectively) and Instruction No. 476, of January 16, 2009, as amended, issued by the CVM (“CVM Instruction 476”), and in addition to the Material Fact... Continue Reading →
Offshore wind developer SSE Renewables said Thursday that its new offshore wind farm project in Scotland would be named after "a historic series of books that depict the epic quests of a third-century Scottish leader, following his adventures across rolling seas." Ossian (pronounced ‘os-si-un’) from The Poems of Ossian is to be the name for... Continue Reading →
Oil major Shell has booked a semi-submersible drilling rig for its operations in Namibia, where it recently struck a major offshore oil discovery. Offshore rig owner Northern Ocean said Thursday that Shell Upstream Namibia B.V., a subsidiary of Shell, had awarded it a contract for the Deepsea Bollsta semi-submersible drilling rig. The contract for the... Continue Reading →
Brazil Energy Insight 