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Brazilian oil company Enauta said Monday that production from its Atlanta offshore field in Brazil had been interrupted. "The initial assessment is that this is an operational problem on the surface. The current production of the field is 7,500 bbl/day," Enauta said. The Atlanta Field is operated by Enauta, which owns 100% of the asset.... Continue Reading →
(Reuters) - Top oilfield services firm SLB (SLB.N) anticipates oil and gas offshore activity will surpass levels before the COVID-19 pandemic, as strong demand and pricing drive investment into the industry. "We maintain the view that upstream spending is very resilient," Chief Executive Olivier Le Peuch told investors at a conference in New York on Thursday, adding... Continue Reading →
(OEM) Carbon capture and storage (CCS) projects in the Gulf of Mexico could play an important role in meeting U.S. greenhouse gas emission reduction goals, however, many challenges remain, according to a report by Wood Mackenzie. There are currently 22 CCS projects in the U.S., accounting for 19% of global activity, with six projects in... Continue Reading →
The ANP Special Bidding Commission (CEL) qualified five more companies registered in the OPP to participate in the 1st Cycle, which will be held on 12/16/2022: BP Energy do Brasil Ltda, Ecopetrol Óleo e Gás do Brasil Ltda, Petronas do Brasil Ltda, Qatar Energy do Brasil Ltda and Total Energy EP do Brasil Ltda. Petrobras,... Continue Reading →
(OED)German oil and gas company Wintershall Dea has agreed to acquire a 37% non-operated participating interest in the Hokchi Block, offshore Mexico, from Hokchi Energy, a subsidiary of Pan American Energy. Wintershall Dea will have an option to increase its stake in the offshore block to 40% at a later stage. Through this acquisition, Wintershall... Continue Reading →
In 3Q22, Petrobras kept a solid operating performance, with average production of oil, NGL and natural gas reaching 2.64 MMboed, virtually in line with 2Q22. Results in 3Q22 fully contemplate the impacts of the production sharing contracts related to the Transfer of Rights Surplus Volumes of Atapu and Sepia - which became effective on May... Continue Reading →
(EV) Shell is harnessing talent from its offshore oil and gas division to progress two major Scottish floating wind farms. The supermajor’s UK business manager for offshore wind, Melissa Read says they are “transitioning across” a lot of upstream skill to propel the Marram and Campion projects. Both floating wind schemes were secured alongside partner ScottishPower Renewables, a subsidiary of... Continue Reading →
Brazil on its journey to increase oil and gas production. The country achieved an important achievement in September, when it produced 4.048 million barrels of oil equivalent per day – a value that represents 3.148 million barrels of oil and 143 million cubic meters of natural gas. This was the second time in its entire... Continue Reading →
The P-68 platform vessel, which operates in the Berbigão and Sururu fields, in the Santos Basin pre-salt, broke a daily production record on the 8th. According to a Petrobras statement, the platform produced a volume of 161,756 barrels of oil per day (bpd). This milestone was reached with the entry into production of the ninth... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in corporate governance and transparency, informs its investors and the market in general the preliminary unaudited production data for September 2022 in the assets that the Company holds participation. The Company is the operator of Macau, Areia Branca, Fazenda Belém, Rio Ventura, Recôncavo... Continue Reading →
Brazil Energy Insight 