Transocean Scores $518M Contract for Ultra-Deepwater Drillship in Gulf of Mexico

Offshore drilling contractor Transocean has secured a 1,080-day contract for one of its high-specification seventh-generation, ultra-deepwater drillships in the Gulf of Mexico, offshore Mexico. The contract will contribute approximately $518 million in backlog, excluding revenue for mobilization and demobilization, and is expected to start between the fourth quarter of 2025 and the second quarter of 2026. Under... Continue Reading →

July 18, 2023 0

Exclusive: Petrobras eyes steady investments in new five-year business plan, CEO says

(Reuters) - Brazil's state-run oil company, Petrobras (PETR4.SA), will keep total investments in its upcoming 2024-2028 business plan similar to the $78 billion foreseen in its latest five-year plan, CEO Jean Paul Prates told Reuters on Monday. Petrobras is preparing to preview updates to its business plan next month, he said, including a greater focus on... Continue Reading →

July 17, 2023 0

PRIO on ODP5 Well start of production

PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), informs its shareholders and the market in general of the start of production of the ODP5 (“F23P3”) well, in the Frade Field (“Field” or “Frade”), with stabilized initial production of approximately 8,000 barrels of oil per day. Thus, PRIO has exceeded the milestone of 100,000 barrels per day... Continue Reading →

July 17, 2023 0

Brazil raked in US$12.9 billion in signing bonuses for 15 pre-salt blocks – Report

(ON) Brazil was able to cop a total of US$12.882 billion in signing bonuses from 15 block awards in its pre-salt area since the state-owned Petrobras made the first discovery back in 2006. This is according to the recent Economic Commission for Latin America and the Caribbean (ECLAC) report. The pre-salt is a sequence of... Continue Reading →

July 17, 2023 0

Chevron using mini ROVs for subsea inspections offshore Angola

Chevron’s newest mini ROVs for subsea inspections are the result of a partnership with tech company BeyonC to use ROVs that combine a vehicle made by JM Robotics with FiGS sensor technology made by FORCE Technology. Chevron says the mini ROV-based inspections allow the company to get a thorough and accurate assessment of its assets... Continue Reading →

July 17, 2023 0

China to boost Brazil oil imports in Q3, replacing some Saudi supply – sources

(Reuters) - Chinese oil refineries, led by heavyweight Sinopec (600028.SS), are set to boost Brazilian crude imports in the third quarter to replace some of the Saudi Arabian supply it cut after the kingdom hiked prices, industry sources said. China, the world's top crude importer, has booked nearly 1 million barrels per day of Brazilian crude... Continue Reading →

July 17, 2023 0

Curaçao starts offshore surveys with plan for floating wind-to-hydrogen production

(OET) Fugro’s survey vessel Fugro Brasilis has arrived at the Port of Willemstad in Curaçao ahead of offshore surveys the company will perform as the Curaçao government is working on identifying areas for floating wind development. The work, scheduled to start today (17 July) and take place until 29 July, follows a memorandum of understanding... Continue Reading →

July 17, 2023 0

Ghana: Tullow Oil’s Jubilee Offshore Field Hits 100,000 Barrels per Day Mark

(OE) Oil company Tullow said Monday that production from its Jubilee oil field offshore Ghana had surpassed 100,000 barrels of oil per day, following the recent start-up of the Jubilee South East (JSE) Project. "Gross production from the field has surpassed 100,000 bopd, after a second JSE production well was brought onstream. Both of the... Continue Reading →

July 17, 2023 0

Toshiba and General Electric to Establish Domestic Offshore Wind Supply Chain in Japan

(Reuters) Japan's Toshiba plans to establish a domestic supply chain for offshore wind power equipment together with U.S. manufacturer General Electric, Nikkei reported on Saturday, as Japan is expanding in renewable energy in a zero-carbon push. Japan's offshore wind power market is set to grow as the government aims to install up to 10 gigawatts... Continue Reading →

July 17, 2023 0

Floating Wind Farm Surveys Start Off the Coast of Wales and South West England

(OE) Plans for floating wind farm development off the coast of Wales and South West England are progressing as the first specialist survey vessel embarks on a 100-day mission from Swansea. With a crew of 30, the vessel will use towed and hull-mounted sensors to gather geophysical data on the properties of the seabed and... Continue Reading →

July 17, 2023 0

Brazil Energy Insight

Transocean Scores $518M Contract for Ultra-Deepwater Drillship in Gulf of Mexico

Exclusive: Petrobras eyes steady investments in new five-year business plan, CEO says

PRIO on ODP5 Well start of production

Brazil raked in US$12.9 billion in signing bonuses for 15 pre-salt blocks – Report

Chevron using mini ROVs for subsea inspections offshore Angola

China to boost Brazil oil imports in Q3, replacing some Saudi supply – sources

Curaçao starts offshore surveys with plan for floating wind-to-hydrogen production

Ghana: Tullow Oil’s Jubilee Offshore Field Hits 100,000 Barrels per Day Mark

Toshiba and General Electric to Establish Domestic Offshore Wind Supply Chain in Japan

Floating Wind Farm Surveys Start Off the Coast of Wales and South West England

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