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Sept. 12 (PN) British oil company BP restructured its portfolio of exploration assets in Brazil shortly after announcing its largest discovery in 25 years, in the Bumerangue block in the Santos Basin pre-salt layer. The company returned the Pau Brasil block, also in the Santos Basin, to the federal government after the exploration campaign indicated... Continue Reading →
Sept. 12 (PN) Petrobras notified the National Petroleum Agency (ANP) about the discovery of oil signs in well 3-BRSA-1399-SPS, in a water depth of 1,866 meters in the Aram block. Drilling on the well began at the end of May by the Valaris DS-4 drillship. The oil company has already found oil signs in two... Continue Reading →
Sept. 12 (OE) French tubular solutions supplier Vallourec has secured a major contract by Petrobras for the supply of Oil Country Tubular Goods (OCTG) products and services for its offshore operations from 2026 to 2029. The long-term agreement could generate total revenue of up to $1 billion, representing the widest award both in volumes and... Continue Reading →
Sept 10 (Reuters) - Brazil's state-controlled electric utility Cemig plans to use its experience in hydropower to invest in clean energy technologies that could boost the country's electricity grid, CEO Reynaldo Passanezi Filho told Reuters. Cemig is executing a nearly 40 billion reais ($7.4 billion) investment plan from 2025 through 2029, prioritizing power distribution while... Continue Reading →
Sept. 10 (Reuters) Malaysia's oil and gas producer Petronas plans to drill a fourth well by the first quarter next year at offshore Block 52 in Suriname, the government and state company Staatsolie said. Petronas, which has discovered gas reserves in the block, its most promising area in the South American country, had said in... Continue Reading →
Sept 9 (Reuters) Brazil's President Luiz Inacio Lula da Silva said on Tuesday that environmental agency Ibama should be satisfied with the results of an emergency drill done by state-run oil firm Petrobras in the country's Foz do Amazonas basin, ahead of Ibama's official assessment. "Petrobras has already carried out the test. Ibama should be... Continue Reading →
Sept. 9 - FairWind, a global leader in wind turbine installation and service solutions, has appointed Aitor Diaz de Lezana Fernández to the newly created role of Regional Head of Service for Southern Europe, South America & South Africa (SESA). Mr Diaz de Lezana Fernández brings more than 19 years’ experience in the wind sector,... Continue Reading →
Sept. 9 (OE) BW Energy has completed a $365 million project finance facility to fund the refurbishment and redeployment of the Maromba floating production, storage and offloading vessel (FPSO) to Brazil’s Maromba field. The loan, backed by China Export & Credit Insurance Corporation (Sinosure), was significantly oversubscribed and will cover around 80% of total project... Continue Reading →
Sept. 3 (offshore-energy.biz) Following the handover of the operator role for one block, Challenger Energy Group (CEG), the Isle of Man-headquartered oil and gas company, has embarked on a search for a partner at another block off the coast of Uruguay. Before initiating a farm-out process for the AREA OFF-3 block, the firm progressed its planned technical... Continue Reading →
Sept. 4 (OE) French seismic firm Viridien, in collaboration with joint venture partner TGS, has started the Megabar Extension Phase I survey in the Barreirinhas Basin offshore Northern Brazil. The 5,300 sq km multi-client 3D seismic survey will be acquired by TGS and imaged by Viridien and builds on Viridien’s existing Megabar survey coverage. The... Continue Reading →
Brazil Energy Insight 