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Brazil newly created rental and services company, WAMS, adds iXblue DriX Unmanned Surface Vehicle (USV) to its existing pool of equipment. Offering the most modern technology for underwater service and research, this new investment marks an important turn in the company’s offering. Available for WAMS customers in Brazil, the DriX USV will increase operational performance... Continue Reading →
(Reuters) 3R Petroleum Oil and Gas reported that its board approved the formalization of a partnership with DBO under which the companies agree to jointly capitalize 3R Petroleum Offshore, new name of OP Energia, and to join efforts to seek acquisition opportunities. The company will seek, through the partnership, to expand its operations in offshore... Continue Reading →
(ANP) Published today the Monthly Bulletin of the Production of Oil and Natural Gas of the ANP of the month of March 2021, with consolidated data of the national production in the period. For the first time, production in the Santos Basin surpassed 70% of national production, registering its largest relative share in the historical... Continue Reading →
Oil and gas investment company ADM Energy which in March agreed to invest in the development of the Barracuda oil field in OML 141, an existing discovery and near-term production asset in swamp/shallow waters offshore Nigeria, has signed a deal with Eunissel to explore collaboration to develop the Barracuda. Under the term of the agreement, ADM... Continue Reading →
(Reuters) - Equinor’s Peregrino oilfield off the coast of Brazil is on track to restart in the first half of this year following several delays, a spokesman said on Monday. The heavy oil field in the Campos basin was shut in April last year due to a rupture of a so-called riser at the Peregrino... Continue Reading →
No deal has yet been reached on the future of a lucrative shared oil deposit as a deadline expired on Thursday, but Mexican state-run Pemex and Talos Energy will keep talking, three sources with direct knowledge of the matter told Reuters. How to develop the nearly 700 million barrel offshore Zama discovery, which was made by... Continue Reading →
(Reuters) - Petroleos Mexicanos (Pemex) would consider having a consortium headed by U.S. company Talos Energy operate a shared oil field in southern Mexico, the chief executive officer of the Mexican state oil firm said. Discovered in 2017 in shallow waters of the Gulf of Mexico off Tabasco state, the Zama oil field is believed... Continue Reading →
3R Petroleum Oil and Gas recorded a loss of R$ 147.5 million in the fourth quarter of last year. With the result, the company recorded a total net loss of R$ 172.3 million in 2020. With regard to net revenue, the company recorded R$ 85.2 million in the fourth quarter, with a value of R$... Continue Reading →
Offshore project commitments are expected to not only recover but reach a new record—cumulatively almost 600 projects in the 5-year period toward 2025—according to Rystad Energy. Deepwater commitments will see the largest growth as costs have become much more competitive against greenfield continental shelf reserves. For this analysis, Rystad defined a project as committed when... Continue Reading →
The former Petrobras supply director, Hugo Repsold, will now be part of the 3R Petroleum command. The executive was announced this week as the new corporate and gas & energy director for the independent oil company. Repsold was elected by the company's Board of Directors and his term of office is valid until August 2022,... Continue Reading →
Brazil Energy Insight 