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Petrobras - In 3Q21, we continued to operate safely and with a solid performance, still with a differentiated regime and special protocols due to the pandemic scenario, but with a gradual increase in the number of people on board. The average production of oil, LGN and natural gas reached 2.83 MMboed, 1.2% above 2Q21, mainly... Continue Reading →
(Reuters) - Oilfield firm Baker Hughes Co (BKR.N) reported quarterly profit that fell short of analyst expectations on Wednesday, in part due to global supply chain issues, sending its shares down sharply in early trading. Oil service firms are expected to be supported by a rebound in oil prices to pre-pandemic levels as demand recovers and the... Continue Reading →
Oil and gas company BW Energy has started production from the Tortue Phase 2 field development on the Dussafu Marin license located offshore Gabon. BW Energy kicked off its 2021 Gabon drilling campaign with the spudding of the Hibiscus Extension well (DHIBM-2), on the Dussafu Marin permit, in April 2021, using the Borr Norve jack-up drilling rig. It... 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 →
Offshore drilling company Valaris has won a drilling rig contract with the Brazilian oil firm Petrobras offshore Brazil. The contract is for the drillship Valaris DS-4, for operations offshore Brazil. The contract is for a minimum term of 548 days. The drillship is currently preservation stacked in the UK and will transit to the Canary... Continue Reading →
Norwegian seismic exploration company Shearwater GeoServices has unveiled a new seismic source technology for enhanced subsurface characterization known as Harmony. The technology provides seismic surveys with enhanced low frequencies enabling better decisions for exploration, development, and carbon storage monitoring applications, Shearwater said. According to the company, Harmony has multiple applications, as it provides deeper seismic... Continue Reading →
(PetroleoHoje) TechnipFMC may be close to winning yet another SURF (underwater collection system) contract with Petrobras. The group presented the best proposal in the Brazilian oil company's bid for the 7th module in Buzios, in the Santos cluster, with a value of R$ 5.7 billion. TechnipFMC's offer was ahead of proposals by Saipem, with a... Continue Reading →
(Rigzone) The United States has added 10 rigs week on week, according to Baker Hughes latest rotary rig count, which was released on October 15. The ten rigs added week on week comprised nine land rigs and one offshore rig. The total U.S. rig count now stands at 543, comprising 529 land rigs, 12 offshore... Continue Reading →
(Reuters) - U.S. oilfield firm Halliburton Co (HAL.N) on Tuesday posted its third consecutive quarterly profit, as a jump in oil prices and drilling activity boosted demand for its services and equipment. Oil prices have rallied to multi-year highs with global crude futures climbing 4.5% in the quarter ended Sept. 30, helped by OPEC+'s decision to maintain... Continue Reading →
Subsea 7 has secured long-term day-rate contracts with Petrobras for the pipelay support vessels (PLSV) Seven Waves, Seven Rio and Seven Sun. Seven Waves will commence the new contract in the first quarter of 2022, Seven Rio in the second quarter of 2022 and Seven Sun in the third quarter of 2022. Each contract comprises a firm three-year period... Continue Reading →
Brazil Energy Insight 