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(Portos e Navios) PetroRio, an independent oil and gas company, recorded a production record in February, with 35,671 barrels/day. It is the highest average monthly amount for the company. The highlight was the Polvo – Tubarão Martelo cluster, which had a production increase of over a thousand barrels/day. The better operational performance of the FPSO... Continue Reading →
(PN) Pre-salt production hit new records in January, according to the National Petroleum Agency (ANP). The agency said that production has reached historic levels both in volume and in percentage of total Brazilian production. Altogether, the pre-salt produced 2.912 million barrels of oil equivalent per day in January, of which 2.292 million barrels a day... Continue Reading →
(PN) OneSubsea signed a contract with Enauta for the development of the definitive production system in the Atlanta field, in the Santos Basin. The agreement includes a broad scope of subsea work, with a combined solution covering subsea processing systems, subsea production systems and Christmas Trees. “Through these agreements, we are committed to providing unique... Continue Reading →
(PetroleoHoje) TechnipFMC started the interconnection campaign of the first well of the Mero 1 system to the FPSO Guanabara. The company concluded the work of loading the first batch of rigid lines of the project on the launch vessel Deep Blue from the spoolbase in Porto do Açu, in São João da Barra (RJ), installed... Continue Reading →
The chorus is growing from America’s oil executives for President Joe Biden to throw the federal government’s weight behind an industry he once deliberately shunned: U.S. shale. (WO) The Biden administration, which has made climate one of its policy pillars, has more than once asked OPEC+ to raise crude production to tame energy prices --... Continue Reading →
(Offshore Energy) Houston-based Vaalco Energy has confirmed progress in its activities offshore Gabon, with a field reconfiguration and replacement of existing floating production, storage and offloading (FPSO) unit with a floating storage and offloading (FSO) vessel still on schedule, the latter being targeted for the third quarter of 2022. Back in August 2021, Vaalco signed... Continue Reading →
(Reuters) - Publicly traded U.S. shale firms are not budging on production restraint vows as oil markets surge amid Russia's invasion of Ukraine, leaving smaller producers to lead output gains during the highest prices in seven years. Oil futures on Tuesday traded up as much as 10% to $107 per barrel, the most since July... Continue Reading →
(ON) The extent of the development projects offshore Guyana within such a short space of time since the first oil discovery in 2015 is being viewed as ‘unbelievable’ by Norway-based energy research and business intelligence company, Rystad Energy. Now, the South American country, unknown on the oil map just seven years ago, is on track... Continue Reading →
(PN) The Brazilian Institute for the Environment (Ibama) granted the preliminary license for the production storage and offloading platform (FSO) in the Pargo field, in the Campos Basin. In addition to the vessel, the license also attests to the environmental feasibility of the new 8″ PPG-1A export pipeline. French-British Perenco has been responsible, since October... Continue Reading →
(ON) The unprecedented oil and gas discoveries unfolding in the Guyana-Suriname basin are of historic proportions and make the region stand out as one of the most exciting hot spots the industry has seen in decades. “The Liza-1 well will be equated with the 1-RJS-628 well in terms of discovering a major petroleum province in... Continue Reading →
Brazil Energy Insight 