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JAN 27, 2020 After being declared commercial by Equinor, in December last year, the Carcará area will gain a new name, well befitting the Norwegian culture. The asset will be renamed Bacalhau and the choice is interesting and symbolic because it is the first time, in the last 50 years, that a field in the... Continue Reading →
Investment in Colombia's oil industry is set to grow by 23% in 2020, the private oil producers association said on Monday, although production will be effectively flat, increasing just 0.5% compared with the previous year. Investment in the Andean country's oil and gas industry this year will jump to $4.97 billion, up from $4.03 billion... Continue Reading →
Karoon Energy has started drilling of the Marina‐1 exploration well located in Block Z‐38 Tumbes Basin, offshore Peru, using the Stena Forth drillship. The drillship arrived in Peru to drill the Karoon-operated well earlier in January. The wholly-owned, Karoon subsidiary, KEI (Peru Z‐38) Sucursal del Peru is the operator and has a 40% net interest in Block... Continue Reading →
Mexico’s energy services provider Grupo R has informed that its newbuild jack-up rig Cantarell III has arrived from Singapore to Mexico ahead of a new contract, which is set to start in March 2020. The Cantarell III jack-up rig was built by offshore rig builder Keppel in Singapore. Keppel completed and delivered the rig to the... Continue Reading →
Brazil’s government is changing the rules to give foreign companies an equal shot at winning government contracts, the Economy Ministry said on Monday. Economy Minister Paulo Guedes has pledged to fight corruption and open up one of the world’s most protected countries to foreign business and the overseas investment necessary to modernize Brazil’s crumbling infrastructure.... Continue Reading →
As a valued Brazil Energy Insight reader, we want to extend a 10% discount at registration for Global Offshore Brazil Summit 2020 being held 3 - 4 March at the Grand Hyatt Rio Hotel. Be sure to use the following discount code when registering to attend to obtain the 10% discount. Discount Code: GB20BEI10 Visit... Continue Reading →
Dutch shipbuilding company Damen has developed a new concept vessel – the Offshore Support Vessel (OSV) 9020. The vessel has been designed to perform a variety of offshore tasks both at surface level and subsea, Damen said in a statement on Monday. “We were approached by several different operators at the same time, all looking... Continue Reading →
Jan 24, 2020 The fleet of maritime support in Brazilian waters, at the end of December, totaled 366 vessels, being 324 of Brazilian flag and 42 of foreign flags. 89% of the offshore support fleet in Brazil is made up of Brazilian flag boats and 11% of foreign flags. Not all units are in operation,... Continue Reading →
ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil equivalent barrels and made a further oil discovery northeast of the producing Liza field at the Uaru exploration well, the 16th discovery on the Stabroek Block. The new recoverable resource estimate includes 15 discoveries offshore Guyana through year-end 2019.... Continue Reading →
JAN 24, , 2020 The FPSO P-70, which began its journey to Brazil on December 9 last year, is anchored in Guanabara Bay. The FPSO will carry out its activities in the Atapu field, in the Santos Basin pre-salt. The unit left the COOEC shipyard in Qingdao, China, where the integration works for the platform... Continue Reading →
