Energy intelligence provider Wood Mackenzie, a Verisk business, believes that the oil and gas sector will continue to rebound in 2022, but the positive outlook will be tempered by concerns about its future. In its Global Upstream Outlook 2022, Wood Mackenzie points out the upstream industry must respond to the implications of the pledges made at COP26 and... Continue Reading →
Shell spuds Namibian wildcat
Oil major Shell has started drilling an exploration well in the Orange Basin offshore Namibia using a Valaris-owned drillship. The Graff-1 well is located in Block 2913A in the Orange Basin where Shell is the operator and its partners are QatarEnergy and the national oil company of Namibia, Namcor. QatarEnergy became Shell’s partner in two exploration... Continue Reading →
Failure in Subsea Equipment Stops Production in the Manati Field
An improper closure of a valve in the submerged part of the export pipeline stopped production in the Manati Field, located in the Camamu Basin. The incident happened last Friday but was only communicated to the market today by Enauta, one of the companies that are part of the consortium that produces in the area.... Continue Reading →
Fugro’s Atlantis Dweller ready for TotalEnergies Angola gig
Fugro’s DP2 multipurpose vessel Atlantis Dweller has arrived in Luanda, the capital of Angola, ahead of an offshore survey that it will conduct for French energy major TotalEnergies. The 69.2-meter long vessel will be monitoring environmental conditions at multiple blocks off the coast of Angola to support infrastructure planning, environmental protection and resource management Fugro also recently... Continue Reading →
Petrobras on Mero Production Individualization Agreement
Petróleo Brasileiro S.A. – Petrobras announces that the National Agency of Petroleum, Natural Gas and Biofuels (ANP) approved, at the Collegiate Board Meeting No. 1074 held on December 9, 2021, the Production Individualization Agreement (AIP) of the Mero accumulation, located in the Santos Basin. The Mero joint reservoir comprises:• Mero Field area (Production Sharing Contract... Continue Reading →
Vaalco Spuds Etame 8H-ST Well, Offshore Gabon
Vaalco Energy has started its 2021/2022 drilling campaign offshore Gabon with the Etame 8H-ST well spud. Vaalco said Monday it had recently deployed a Borr Drilling jack-up rig at the Etame platform and started activities on the Etame 8H-ST development well which is expected to be completed in January with production expected later in the first quarter... Continue Reading →
Exxon proposing to build supply depot for Guyana project
(Reuters) - Exxon Mobil Corp (XOM.N) outlined a major new investment in Guyana amid government calls for delivering economic benefits to residents from deepwater oil and gas discoveries helping turn the South American nation into an oil powerhouse. A coming onshore supply base will expand jobs and boost local fabrication for future projects starting with its fourth... Continue Reading →
Second Round of the Transfer of Rights will take place on Dec 17
The ANP will carry out the Second Round of Tenders for the Surplus Volumes of the Transfer of Rights, under the production sharing regime on Dec. 17. Two development areas will be offered in the Santos Basin: Atapu and Sépia. The public session will be held in Rio de Janeiro, in compliance with the health... Continue Reading →
Constellation Signs Contract with Petrobras
(PetroleoHoje) Drillship Amaralina Star will operate dedicated to the Roncador field, from the end of 2022. Constellation and Petrobras signed a charter contract for the unit for a period of two years, with possibility of extension for another 365 days. Constellation presented the best daily rate in Petrobras' bid to contract a rig for the... Continue Reading →
Porto Central signs MOU with Votu Winds and targets offshore wind and green hydrogen
Porto Central signed a Memorandum of Understanding with Votu Winds, a company that plans to install a complex of offshore wind farms in the southern coastal region of the State of Espírito Santo. The port terminal is a project being built in the south of Espírito Santo, on the border with the State of Rio... Continue Reading →