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(PN) The giant Mero field, in the pre-salt layer of the Santos Basin, reached a new historic milestone. Petrobras announced that the field reached the mark of 500,000 barrels of oil produced per day. Discovered in 2010, Mero is located in ultra-deep waters (depth of 2,100 meters), 180 km off the coast of the state... Continue Reading →
(PN) This week, Petrobras began drilling a well (3-BRSA-1398-RJS) in the Alto de Cabo Frio Central block, in the pre-salt layer of the Campos Basin, in a water depth of 2,276 meters. The activity is being carried out by the West Polaris drillship, according to information available on the website of the National Petroleum Agency... Continue Reading →
Feritech Global, an advanced engineering company based in Falmouth UK, has appointed a new Managing Director to lead the company in its next stage ofdevelopment. The new Managing Director has been named as Mark Smith, who takes over the role having worked at Feritech since 2021, initially as Purchasing Manager and subsequently as General Manager.... Continue Reading →
(offshore-energy.biz) Tampnet, a Norway-headquartered provider of offshore high-capacity and low-latency connectivity services, has secured a fiber optic project and long-term service contract with Woodside Energy that will enable remote operations at an oil project in the Gulf of Mexico/America. The fiber-based connectivity to shore for the Trion project will enable remote operations, safety and training capabilities, which... Continue Reading →
(OE) Houston-based subsea equipment and services provider for oil and gas sector Koil Energy has established a new technology center for manufacturing and service support in Macaé, marking its expansion into Brazil. Macaé is generally considered to be the center of the offshore petroleum industry in Brazil, and it is often referred to as ‘Cidade... Continue Reading →
(OE) Energy industry services firm EnerMech has been selected to carry out pre-commissioning work on the ONE Guyana FPSO for Guyana Deepwater Operations, SBM Offshore’s subsidiary in Guyana. The FPSO is currently on its way to Guyana, having departed Singapore in February, and is set to arrive to its destination later in 2025. It will... Continue Reading →
(OM) Seadrill has reported a current overall order backlog of $3 billion, while Velesto reported $158.8 million in orders. Meanwhile, last week competitor Noble reported it added $525 million of contracts to its drilling backlog. Seadrill’s West Polaris drilllship has started a contract with Petrobras offshore Brazil, following a delay caused by commissioning and testing of upgraded equipment. Another of the... Continue Reading →
(oilprice.com) Petrobras is beefing up its offshore game, throwing four more support vessels into the mix by 2026—bringing the grand total to 48. Brazil’s state-run oil company is gearing up to boost production to 2 million barrels per day (bpd) at the Buzios field by 2030, cementing Brazil’s status as an offshore oil heavyweight. Petrobras... Continue Reading →
Australian oil company Karoon announced that it has signed a Sale and Purchase Agreement (SPA) with Altera & Ocyan to acquire 100% of FPSO Cidade de Itajaí for $115 million, plus approximately $8 million in transaction costs. The unit operates in the Baúna field, which is fully operated by Karoon. The agreement is subject to... Continue Reading →
(Reuters) - The chief of Europe's largest utility, Iberdrola, said it will not begin any renewables projects in the United States this year, as part of a broader strategy shift unrelated to possible U.S. tariffs that should not impact the company. Executive Chairman Ignacio Galan said on Thursday the company has already secured agreements for its renewable... Continue Reading →
Brazil Energy Insight 