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Argentina's government has launched a process to sanction a number of foreign firms it accuses of illegally drilling for oil in a disputed area near the British-run Falkland Islands, over which the South American country also claims sovereignty. The country's energy secretary Darío Martínez told reporters on Wednesday it would seek sanctions against UK-based Chrysaor... Continue Reading →
TechnipFMC has secured its first integrated engineering, procurement, construction and installation (iEPCI) contract with Tullow Oil for the Jubilee South East development offshore Ghana. The contract covers supply and offshore installation of all major subsea equipment, including manifolds and associated controls, flexible risers and flowlines, umbilicals, and subsea structures. The company said it had utilized... Continue Reading →
Brazilian drilling contractor Constellation Oil Services has been awarded a three-year contract for a drillship from compatriot oil company Petrobras. Constellation said on Tuesday that the drillship Laguna Star was awarded a contract with Petrobras for a duration of 1,095 days with operations on the Brazilian coast expected to start in January 2022. The rig... Continue Reading →
The floating production storage and offloading (FPSO) vessel Carioca MV30 has set sail from the Brasfels shipyard in Angra dos Reis towards Petrobras’ Sépia field in the Santos Basin pre-salt. The vessel will be the largest FPSO-type unit to operate in Brazil, with a daily capacity to process 180,000 barrels of oil (bpd) and 6... Continue Reading →
(Bloomberg) --Oil majors are gearing up to explore off the coast of Colombia, offering hope to a country struggling to reverse declines in reserves and output of its biggest export. Royal Dutch Shell Plc is planning to drill this year in the Caribbean, while Exxon Mobil Corp., Repsol SA and state-controlled Ecopetrol SA will follow... Continue Reading →
(Reuters) - Oil companies are betting that if they sell land, buyers will come, as crude prices have soared more than 50% this year, fueling the most robust pipeline of deals in more than four years. Large oil companies are unloading properties from Texas to California, with some using the market rally as a chance... Continue Reading →
Τhe FPSO market is booming this year, with more contracts awarded in the second quarter of 2021 than during the full year 2020. Rystad Energy expects FPSO awards to reach a total of 10 units in 2021, with another 10 following next year, creating a very healthy project line-up for contractors, effectively doubling their pipeline.... Continue Reading →
Reuters) Norway's BW Energy and Brazil's DBO Energy have sent bids for Petrobras' offshore oil cluster Golfinho PETR4; PETR3, two knowledgeable sources told Reuters. The oil company has sold dozens of assets in recent years – from oil pipelines to refineries – in order to reduce its debt and focus on oil production in deep... Continue Reading →
Brazilian oil company Enauta said Monday it had completed the transfer of a 50% stake in the Atlanta offshore field, previously held by Barra Energia. Enauta in April said it had received regulatory approval to take full ownership of the Atlanta offshore oil field in Brazil, following the decision by its partner Barra Energia to exit... Continue Reading →
(Oilprice) Latin America’s largest oil producer Brazil is one of the worst affected countries globally by the COVID-19 pandemic. According to the World Health Organization, Brazil is the third ranked country by volume of cases and second by deaths. There were fears earlier this year that the rapid spread of the virus would derail Brazil’s offshore oil... Continue Reading →
Brazil Energy Insight 