The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses. Continue reading
The Man Holding Brazil Together Is Not Jair Bolsonaro
After getting wind of a possible congressional proposal to strip him of some powers, Brazil’s President Jair Bolsonaro complained that the country’s lawmakers want to make him a ceremonial head of state, like the queen of England. That hasn’t happened yet, but when it comes to setting the nation’s legislative agenda, it’s clear who has... Continue Reading →
Wild Well Adds Fugro BOP Skids to Its Subsea Response Kit
Wild Well Control, a Superior Energy Services company, has ordered BOP intervention skids and test units from Fugro for inclusion in its Subsea Response Kit. As part of the WellCONTAINED subsea capping stack program, the new 450/150 Mark 3 BOP intervention skids from Fugro are an advancement in both pumping capability and water depth rating... Continue Reading →
Siemens pens five-year deal with BP for upstream projects
Siemens said earlier this week that the company would support BP for future upstream projects as one of the main electrical contractors (MEC) for its onshore and offshore global upstream projects. This allows BP access to Siemens technology, including the company’s digitization services with the goal of further developing environmentally friendly and safe operations. Siemens... Continue Reading →
Liza Destiny FPSO sets sail to make Guyana an oil-producing nation
According to Guyanese Department of Public Information, the Liza Destiny FPSO converted from a VLCC by Keppel, is expected to reach Guyana in September. Owned by SBM Offshore, the Liza Destiny FPSO will be deployed at Exxon-operated Liza field as part of the first phase of the development offshore Guyana. First oil is expected in... Continue Reading →
Rystad: Offshore project sanctioning in 2019 on track to surpass 2014 levels
This is yet another signal that the offshore industry has turned a corner and can reach a potential project commitment total of $123 billion in 2019, surpassing commitments in 2014 of $78 billion, according to Rystad Energy. The Marjan Expansion alone is the largest field to be sanctioned globally since 2014. Later this year, the... Continue Reading →
Advance notice to decommission
July 17, 2019 The new resolution for offshore decommissioning activities should establish that the projects are presented by the operators to Ibama and the ANP five years in advance. The information is from the decommissioning coordinator of the regulatory agency, Edson Montez. "The expectation is that [the project] be approved within two years before the... Continue Reading →
Geopark plans long-term testing in the Recôncavo Basin
July 17, 2019 Geopark plans to start long-term testing of the Água Grande formation in the REC-T-128 block, located in the Recôncavo Basin, in the third quarter. In a recent report, the oil company reported that a test made in the formation resulted in a production rate of 300 bopd of oil with 34 °... Continue Reading →
Next steps for Petrobras divestitures in Natural Gas and Refining
July 17, 2019 The next two months will be crucial for the Petrobras divestment program in the Natural Gas and Refining segments. By the beginning of September, the oil company will launch the teasers for the remaining 10% of its stake in the gas pipeline networks - Nova Transportadora Sudeste (NTS) and Transportadora Associada de... Continue Reading →
Premier Oil focuses on campaign in Ceará
July 17, 2019 Premier Oil is looking to drill a well in 2020 in the Berimbau / Maraca prospect, in block CE-M-717, in the Ceará Basin. The oil company said it is in contact with suppliers to verify the availability of equipment in the country. The CE-M-717 was sold to Premier in the 11th round... Continue Reading →
