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Completion of the tieback between the Polvo and Tubarão Martelo fields, in the Campos Basin, allowed for a reduction in operating costs ("OPEX") of US$ 50 million per year The third quarter results evidenced PetroRio's successful strategy of increasing production levels and rationalizing costs, with excellence in environmental responsibility, safety and operational efficiency. The largest... Continue Reading →
Three marine seismic data acquisition and processing companies TGS, CGG, and BGP have signed a multi-client agreement with Suriname's national oil firm Staatsolie. Under the agreement, the consortium will be able to acquire, promote and license multi-client seismic programs, including new 3D acquisition and legacy data reprocessing, in the shallow water acreage offshore Suriname. Suriname’s shallow... Continue Reading →
(PetroleoHoje) 3R Petroleum must submit new development plans (PDs) to reduce royalties and/or extend contracts for newly acquired fields within one year after approval of the Annual Work Programs (PAT), Annual Production Programs (PAD) and Annual Reserve Bulletins (BAR) by the ANP. In an official letter to the agency, the company proposed the presentation of... Continue Reading →
(Reuters) - Suriname state oil company Staatsolie on Wednesday said it had signed a 30-year production sharing contract with U.S. producer Chevron Corp (CVX.N) for the South American country's offshore Block 5. Chevron Exploration Suriname Ltd and a consortium by TotalEnergies and Qatar Petroleum (QATPE.UL) in June submitted favorable bids for shallow-water exploration in Blocks 5, 6... Continue Reading →
Petrobras has awarded TechnipFMC a three-year contract for the pipelay support vessel Coral do Atlântico. Operations offshore Brazil are expected to begin in 2Q 2022. The Brazilian-registered vessel will mainly be deployed in ultra-deepwater of up to 3,000 m (9,842 ft). Jonathan Landes, president, Subsea at TechnipFMC, said: “Coral do Atlântico is the third of our pipelay support vessels to be contracted... Continue Reading →
Offshore vessel owner DOF Subsea has entered a partnership deal with offshore survey firm Ocean Floor Geophysics Inc. (OFG) to offer Autonomous Underwater Vehicle (AUV) services to the international offshore industry. "The partnership will effectively leverage the two businesses’ recent collaboration in the development of the OFG AUV non-contact integrated Cathodic Protection (iCP) inspection system... Continue Reading →
DP World's subsidiary Drydocks World Dubai has started converting an Aframax tanker capable of carrying 700,000 barrels of oil to a Floating Storage and Offloading Unit (FSO) for Dixstone, part of Perenco. As part of the extensive modification and life extension work at the FSO Pargo project, Drydocks will apply a new hull coating, which... Continue Reading →
The U.S. Bureau of Ocean Energy Management (BOEM) will hold an oil and gas lease sale for the Gulf of Mexico on November 17, complying with a U.S. District Court order. To remind, the Biden administration had paused all oil and gas leasing activities on federal lands and waters in January, citing climate crisis. A federal judge... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that on Monday, 09/27, gas production was halted at the Manati field, located in the Camamu Basin, in the state of Bahia, due to a leak in the onshore portion of its export pipeline. The pipeline's operation was interrupted, with teams being mobilized for repairs, and is expected to... Continue Reading →
Brazilian oil firm Enauta has said production from the Manati offshore field in Brazil was stopped preventively on Monday due to small gas leakage in the inland pipeline between the compression station and the gas treatment station. "The operator is assessing the causes of this incident, resumption still will be estimated. The Company will keep... Continue Reading →
Brazil Energy Insight 