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French oil major Total has completed the acquisition of a 25 percent working interest in the Orinduik block offshore Guyana. Total had an option to acquire a 25% working interest in the block from Eco Atlantic, one of the partners in the Tullow-operated block. The French company exercised the option in September 2018. Read more
Rio de Janeiro, November 27, 2018 - Petróleo Brasileiro SA - Petrobras informs that in October its total production of oil and gas, including natural gas liquids (NGL), was 2.66 million barrels of oil equivalent per day (boed), 2.54 million boed produced in Brazil and 119 thousand boed abroad. The total operated production of the... Continue Reading →
Brazil has more than doubled the number of risky ship-to-ship oil transfers this year, but its monitoring of such offshore maneuvers is lax, to a point where a July 2017 collision between two tankers was not reported, according to a Reuters review of government and shipping records. Transfers are projected to keep rising as the... Continue Reading →
1/27/18 Spectrum was authorized by ANP to extend the multi-client 3D seismic survey in the southern region of the Santos Basin, close to pre-salt discoveries. The area of the campaign is 14.800 km ². The survey is being done in an area that covers blocks offered in the 2nd, 3rd, 4th rounds of the pre-salt... Continue Reading →
In a quarterly report on Tuesday, Seadrill said Petronas recently awarded the West Carina drillship a two-well contract in Malaysia starting in December 2018 for two wells, adding approximately $29 million in backlog. The contract is expected to end in May 2019. The West Carina, built in 2014, is the 6th generation ultra-deepwater drillship with operational... Continue Reading →
November 26, 2018 Equinor and the Brazilian company GranEnergia have signed a contract for the Offshore Hosting Services for the Peregrino II Offshore Brazil Project. Peregrino is Equinor's largest operation outside of Norway and has a production capacity of 100,000 barrels of oil per day. The field is located approximately 85 km off the coast... Continue Reading →
An offshore oil worker has died on the Petrobras-owned PNA-2 platform located in the Campos Basin offshore Brazil, according to Brazilian oil workers’ union, Sindicato dos Petroleiros do Norte Fluminense (Sindipetro). Read more
Impending cyclical cost inflation could raise break-even costs in an otherwise healthy deepwater industry, energy analytics company Wood Mackenzie said in its latest report. In a report published on Tuesday, WoodMac said that the deepwater industry appears in good health, following a sustained cost reduction through the downturn. However this hard work, according to the... Continue Reading →
Following recent positive forecasts shared by jack-up rig players, we now have floater operators showing optimism too. Offshore driller Seadrill Limited, which operates both floaters and jack-ups, on Monday said it sees dayrates improving in the next two years. The company, which in July emerged from Chapter 11 Bankruptcy after successfully completing restructuring, had seven floaters working... Continue Reading →
The Wintershall and DEA merger, the largest upstream deal in Europe for over a decade, will be heavily weighted to gas, putting it at the centre of a heated gas debate in Germany Wintershall chief executive Mario Mehren likes to speak his mind, especially when it comes to the role of natural gas in Germany's... Continue Reading →
Brazil Energy Insight 