Six FPSOs at peak production will utilize just 7% of Guyana’s massive carbon sink capacity annually – VP Jagdeo

(OilNow) Even with six floating production, storage and offloading (FPSOs) vessels operating at peak production, Guyana’s oil operations would only utilize 7% of the 150 million tonnes of emissions sequestered by its forests annually. So said Guyana’s Vice President, Bharrat Jagdeo, during a recent press conference. The chief policymaker for the oil sector made this... Continue Reading →

April 3, 2024 0

ANP: Brazil 2023 proven reserves at 15.894 billion barrels of oil

(TN) In 2023, there was an increase of 6.98% in proven oil reserves (1P), compared to 2022. There was also an increase of 3.81% in the volume relative to the sum of proven and probable reserves (2P) and 2.26 % in the sum of proven, probable and possible (3P). The data are from the ANP's... Continue Reading →

April 3, 2024 0

Noble Voyager to Drill Another Well for Petronas Offshore Suriname

Petronas Suriname E&P, a subsidiary of Malaysia’s state-owned energy giant Petronas, has exercised the option for Noble Corporation’s Noble Voyager drillship to drill one additional well offshore Suriname. The 7th generation drillship Noble Voyager will remain a little longer for drilling operation in Block 52 offshore Suriname at a day rate of $470,000. The contract... Continue Reading →

April 3, 2024 0

MODEC Picks TMC Compressors for Errea Wittu FPSO

(OE) TMC Compressors (TMC) has secured a contract to supply a large capacity marine compressed air system to MODEC’s FPSO Errea Wittu, set for deployment at ExxonMobil’s Uaru field offshore Guyana TMC said it will manufacture and assemble the equipment in Europe, without disclosing the value of the contract. Offshore Frontier Solutions, MODEC’s joint venture... Continue Reading →

April 3, 2024 0

ANP: Brazil Oil and Gas production in February totaled 4.383 million boe/d,

ANP released the Monthly Oil and Natural Gas Production Bulletin for February 2024, which provides consolidated data on national production. Total production (oil + natural gas) was 4.383 million barrels of oil equivalent per day (boe/d). Regarding oil, 3.448 million barrels per day (bbl/d) were extracted, a reduction of 2.0% compared to the previous month... Continue Reading →

April 2, 2024 0

Further on the Enauta merger proposal with 3R Petroleum

(PN) Enauta announced that its Board of Directors approved the presentation of a proposal for the business combination with 3R Petroleum. The operation could create one of the main independent operators in Brazil and Latin America, with production potential that could exceed 100 thousand barrels of oil equivalent per day – in line with the... Continue Reading →

April 2, 2024 0

Biden administration approves eighth US offshore wind project

(Reuters) - The U.S. Interior Department on Tuesday approved the country's eighth commercial-scale offshore wind project, which will be built off the coast of Massachusetts, bringing online electricity to power more than 900,000 homes. WHY IT IS IMPORTANT The New England Wind Project approval brings the U.S. one-third of the way to President Joe Biden's... Continue Reading →

April 2, 2024 0

SLB to buy ChampionX for $8 billion in growing deal-making in US energy sector

(Reuters) - Top oilfield services company SLB (SLB.N), opens new tab said on Tuesday it will buy smaller rival ChampionX (CHX.O), opens new tab in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector. Oilfield service providers have followed energy producers in pursuing deals as they navigate operational and pricing challenges while... Continue Reading →

April 2, 2024 0

New Merger to Create One of the Largest Oil & Gas Companies in Latin America – Enauta and 3R Petroleum

(OE) Enauta has proposed the merger with 3R Petroleum which would create one of the largest and the most diversified independent oil and gas companies in Latin America. The merger proposal has been approved by Enauta’s board of directors, and according to the company, the combination results in a balanced, five-year high organic growth portfolio... Continue Reading →

April 2, 2024 0

TDI-Brooks Completes Survey Off New York & New Jersey

(OE) Between January 2023 and February 2024, TDI-Brooks conducted an extensive site investigation program in two offshore wind blocks in state and federal waters. The projects involved surveying in excess of 20,000 line-kms of analogue and either single or multi-channel seismic in lease blocks and cable routes along the coasts of New York and New... Continue Reading →

April 1, 2024 0

Brazil Energy Insight

Six FPSOs at peak production will utilize just 7% of Guyana’s massive carbon sink capacity annually – VP Jagdeo

ANP: Brazil 2023 proven reserves at 15.894 billion barrels of oil

Noble Voyager to Drill Another Well for Petronas Offshore Suriname

MODEC Picks TMC Compressors for Errea Wittu FPSO

ANP: Brazil Oil and Gas production in February totaled 4.383 million boe/d,

Further on the Enauta merger proposal with 3R Petroleum

Biden administration approves eighth US offshore wind project

SLB to buy ChampionX for $8 billion in growing deal-making in US energy sector

New Merger to Create One of the Largest Oil & Gas Companies in Latin America – Enauta and 3R Petroleum

TDI-Brooks Completes Survey Off New York & New Jersey

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