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(Portos e Navios) PetroRio, an independent oil and gas company, recorded a production record in February, with 35,671 barrels/day. It is the highest average monthly amount for the company. The highlight was the Polvo – Tubarão Martelo cluster, which had a production increase of over a thousand barrels/day. The better operational performance of the FPSO... Continue Reading →
(OM) Eni and its partners are assessing the potential for a cluster oilfield development in block 10 offshore Mexico, said partner Capricorn Energy (formerly Cairn Energy) in its latest results statement. Last year, Eni drilled two wells on the block: the Sayulita-1EXP discovery, and the Saasken-2DEL appraisal well. Drilling of the Yatzil prospect in block... Continue Reading →
Norwegian shipping company Siem Offshore and offshore energy services provider Helix Energy Solutions Group have entered into an agreement for the well intervention vessels Siem Helix 1 and Siem Helix 2. With the new agreement, the total contract backlog for Siem Offshore is now $440 million. The agreement will replace the existing contracts and the... Continue Reading →
Nigeria's Seplat Energy is on track to buy Exxon Mobil's offshore shallow water business in the country for $1.28 billion, Seplat's chairman told Reuters on the sidelines of the CERAweek energy conference by S&P Global. The comments come amid media reports that Nigerian National Petroleum Company Limited (NNPC) was looking to block the deal. "We... Continue Reading →
Oil and gas company Azinam, soon to be acquired by Eco Atlantic, has hired Island Drilling's Island Innovator semi-submersible drilling rig to drill the Gazania-1 well offshore S. Africa. The news comes in the wake of the recent significant discoveries made by Shell and TotalEnergies in the Orange Basin in the nearby Namibia. The news of the... Continue Reading →
(PN) The Brazilian Institute for the Environment (Ibama) granted the preliminary license for the production storage and offloading platform (FSO) in the Pargo field, in the Campos Basin. In addition to the vessel, the license also attests to the environmental feasibility of the new 8″ PPG-1A export pipeline. French-British Perenco has been responsible, since October... Continue Reading →
(OE) Nigerian oil company Seplat has agreed to buy ExxonMobil's shallow water assets in Nigeria via the acquisition of the U.S. oil company's Nigerian subsidiary Mobil Producing Nigeria Unlimited ("MPNU"), in what Seplat said was a transformational acquisition for the company. Seplat will pay $1,28 billion for the acquisition. “The transaction encompasses the acquisition of... Continue Reading →
Russia’s Lukoil has completed the acquisition of a 50 per cent operated interest in the Area 4 project – located in shallow waters offshore Mexico – through a deal with the operator’s holding company for $435 million. Back in July 2021, Lukoil entered into an agreement to acquire the 50 per cent operator interest in the Area... Continue Reading →
(PN) The King Maker rig, operated by PetroRio, concluded the third intervention in a year in the Tubarão Martelo field, in the Campos basin. The last one was in well TBMT-44. Carried out in just 27 days, a record in field wells, the intervention aimed to replace the equipment responsible for lifting and producing oil.... Continue Reading →
Helix Energy Solutions has secured a long-term field decommissioning contract with Trident Energy for the Pampo and Enchova clusters in the Campos Basin, Brazil. Helix will provide a riser-based well intervention vessel, either Siem Helix 1 or Siem Helix 2, a 10k Intervention Riser System, project management and engineering services and, in conjunction with its Subsea Services Alliance partner Schlumberger, fully integrated... Continue Reading →
Brazil Energy Insight 