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Located in the Atapu field, in the eastern portion of the Santos Basin pre-salt, the P-70 reached its project capacity of 150,000 barrels per day on July 12, with the contribution of just four producing wells, one year after entry into production. This result confirms the excellent productivity of the field's reservoirs and reflects the... Continue Reading →
(Offshore) Transocean Ltd. has provided an update on its offshore drilling rig fleet. As of July 21, the company’s total backlog is about $7.3 billion. Hess has awarded the ultra-deepwater drillship Discoverer Inspiration a nine-well contract in the US Gulf of Mexico. The contract is expected to run from September 2021 to April 2022. The day rate is $215,000. BHP has... Continue Reading →
In 2Q21, we continued to operate safely and had a solid operating performance, despite the persistence of the pandemic scenario. The average production of oil, NGL and natural gas reached 2.80 MMboed, 1.1% above 1Q21, due to the continued ramp-up of platforms P-68 (Berbigão and Sururu fields) and P-70 (Atapu field). Production in the pre-salt... Continue Reading →
Between 2021 and 2025, Petrobras plans to invest US$ 13 billion in the Campos Basin, mainly for the revitalization of oil fields. Petrobras has reallocated investments through what it calls "active portfolio management", that is, it has bet on assets with the potential to generate more value in the medium and long term and the... Continue Reading →
Offshore drilling contractor Borr Drilling received a Letter of Award for one of its jack-up rigs from an unnamed international oil company for additional work in Mexico. "The program is expected to commence in the second quarter of 2022 for a duration of approximately 150 days, adding revenues of USD 15.7 million," Borr said in... Continue Reading →
French energy major TotalEnergies and energy transition company Technip Energies have teamed up to decarbonise LNG plants and offshore facilities for the energy transition push. The companies signed a technical cooperation agreement that aims to accelerate the energy transition. Under the agreement, they will explore new concepts and technologies to cover LNG plants and offshore-type... Continue Reading →
Offshore accommodation provider Floatel International has secured another contract for one of its units, this time with Norway’s Equinor for operations in Brazilian waters. Floatel informed on Tuesday that Equinor Brasil Energia had awarded a contract to Floatel Victory to provide maintenance and safety unit (MSU) services alongside Peregrino floating production storage and offloading unit... Continue Reading →
Norwegian energy giant Equinor has teamed up with RES and Green Giraffe to form Océole, a company dedicated to developing floating offshore wind in France. Océole will evaluate and work towards submitting bids in the upcoming floating offshore wind tenders held by the French government, Equinor said Tuesday. "Establishing this partnership is in line with... Continue Reading →
(Reuters) - Global miner BHP Group (BHP.AX) is considering getting out of oil and gas in a multibillion-dollar exit as it looks to speed up its retreat from fossil fuels, Bloomberg News reported on Tuesday, citing people familiar with the matter. The world's biggest miner is reviewing its petroleum business and considering options including a trade sale,... Continue Reading →
PetroRecôncavo continues to deliver positive results in its operations, creating an attractive growth potential with the clusters it already has. In Safra's opinion, the company should keep up the good pace – or even create more value with the acquisition of new areas. "In our view, PetroRecôncavo should be able to continue delivering good results... Continue Reading →
Brazil Energy Insight 