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TotalEnergies said Monday it has made a significant new oil and associated gas discovery at the Krabdagu-1 well offshore Suriname. Made in the central area of offshore Block 58, the discovery follows previous discoveries at Maka, Sapakara, Kwaskwasi and Keskesi, and the successfully tested Sapakara South-1 appraisal well. Located 18 kilometers south-east of Sapakara South,... Continue Reading →
(PN) Petrobras has released a notice to the market to pre-qualify companies for the construction of two more FPSO-type platforms, with the capacity to process 180,000 barrels of oil per day and 7 million m³/day of gas. The new FPSOs will be directed to the Sépia and Atapu areas, as is speculated. As is known,... Continue Reading →
(OM) FPSOs have revolutionized deepwater E&P, enabling oil companies to produce oil in areas that were not previously economically viable. Following a challenging 2020, the FPSO market rebounded dramatically last year, with more contracts awarded in the second quarter of 2021 alone than during the entire 2020. Some estimates suggest the market could reach a... Continue Reading →
Fugro has reported a revenue increase of 5.8% for the financial year 2021 compared to 2020, accompanied by a 21% revenue increase from renewables, led by buoyant offshore wind activity levels. EBITDA for the full year increased to €175.6 million, said to be driven by improvements in Europe-Africa and Americas, resulting in an EBIT margin... Continue Reading →
In a conference with investors, the company's CEO, Roberto Monteiro, detailed some of the future steps of the oil company. On the exploratory side, the executive said that in March the company will start a new drilling campaign in the Campo de Frade field, in the Campos Basin. Also according to Monteiro, the campaign will... Continue Reading →
Steel pipe giant Tenaris TENR.MI expects a further increase in sales in the first half of the year after posting strong results in the latest three months of 2021, driving a 2.4% rise in its Milan-listed shares on Thursday. The company, which makes seamless and welded steel pipes for oil and gas exploration activities, said... Continue Reading →
(PetroleoHoje) EBR (Estaleiros do Brasil) will be responsible for the manufacture and assembly of seven process modules of the P-79, FPSO that will be installed in the Buzios field, in the Santos cluster, in 2025. The group was hired by the Daewoo / Saipem consortium building the production unit for Petrobras, being responsible for the... Continue Reading →
The Brazilian Institute of the Environment (Ibama) granted ExxonMobil the environmental license authorizing the activity of offshore drilling in six blocks of the Sergipe-Alagoas Basin (SEAL-M-351, SEAL-M-428, SEAL-M-430, SEALM-501, SEAL-M-503, SEAL-M-573). Ibama authorized the drilling of up to 11 exploratory wells. So far, ExxonMobil has guaranteed the drilling of two firm wells, with the others... Continue Reading →
Offshore drilling contractor Noble Corporation has secured more work for its drilling rigs, including a conditional award for four of its drillships working for ExxonMobil in Guyana. Looking ahead, the rig owner expects significant sequential growth in the upcoming two quarters with a continued upward trajectory in activity levels and day rates. Noble Corp. on... Continue Reading →
(OE) Brazilian oil company Enauta said Thursday that it has successfully replaced the seabed pump and returned to production a well at its Atlanta field, offshore Brazil. With the well, named well 7-ATL-4HB-RJS, online, the field returned to producing around 12,500 barrels of oil per day, contributing to the company's total production of around 21,500... Continue Reading →
Brazil Energy Insight 