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Brazilian oil and gas player Enauta has concluded the drilling and completion of the last well in the first phase of its drilling programme at a field offshore Brazil. Enauta kicked off the drilling of its first well, 7-ATL-5H-RJS, in this drilling campaign at the Atlanta field in November 2022. The estimated investment for the well was $75 million – including the... Continue Reading →
Norway-based seismic specialists TGS and PGS ASA said Monday they had agreed on the principal terms of a merger of TGS and PGS "to create a strong full-service energy data company." The transaction is expected to be completed as a statutory merger pursuant to Norwegian corporate law, with merger consideration to PGS shareholders in the form... Continue Reading →
Brazil will likely end up exploring the Equatorial Margin for oil but state-run Petrobras should adopt a "cautious" approach given the need for precautions to protect the environment, Finance Minister Fernando Haddad said on Sunday. The Equatorial Margin is some 2,200 kilometers (1,370 miles) of deepwater and ultra-deepwater assets along Brazil's northern and northeastern coast. "We may need oil from the Equatorial Margin on... Continue Reading →
Norway’s DOF Group has won three new service contracts with Brazilian state-owned oil and gas giant Petrobras that are worth more than $260 million. The contracts include survey and inspection work and will see at least three vessels used to perform flexible pipeline, risers and subsea equipment inspection in Campos Basin, Santos Basin, and Espírito Santos... Continue Reading →
ANP published today (15/9) the English version of the tables and graphs of the Statistical Yearbook, with a summary of the main information on the evolution of the oil, natural gas and biofuels sector in Brazil in 2022. The data in Portuguese had already been released by the Agency in June. Total oil reserves increased... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed to the market on 09/13/2023, informs that the request to start the environmental licensing process for ten areas in the Brazilian sea for the development of offshore wind energy projects aims to assess the technical-economic and environmental viability of areas with strong potential for... Continue Reading →
(OM) Azule Energy, the joint venture between BP and Eni, and Equinor have signed a production sharing agreement for block 31/21 offshore Angola with the country’s National Agency of Petroleum, Gas and Biofuels. The award, related to Angola’s 2021/2022 Limited Offshore Licensing Round, covers a 4,500-sq km deepwater area in the Lower Congo basin, 170... Continue Reading →
(Reuters) Global investment of $2.7 trillion a year is needed to achieve net zero emissions by 2050 and avoid temperatures from rising above 1.5 degrees Celsius this century, a report by consultancy Wood Mackenzie said on Thursday. Scientists have said the world ideally needs to limit global average temperature rise to 1.5C this century to avoid catastrophic effects from climate change.... Continue Reading →
(Reuters) Shell has given financial approval for the development of the massive Manatee gas field offshore Trinidad and Tobago, the country's Prime Minister Keith Rowley said on Thursday. Trinidad is Latin America's largest LNG exporter, but its flagship Atlantic LNG project no longer receives enough gas supply to keep its four liquefaction units running. The government in... Continue Reading →
Wave Energy Scotland (WES), a subsidiary of Highlands and Islands Enterprise (HIE), is running tests at the University of Edinburgh’s FloWave facility, to determine the potential for floating platforms that can be used by both offshore wind and wave energy devices. The move has been prompted by a report by Offshore Wind Consultants (OWC) exploring the synergies... Continue Reading →
