Oil and gas company BW Energy has started production from the Tortue Phase 2 field development on the Dussafu Marin license located offshore Gabon. BW Energy kicked off its 2021 Gabon drilling campaign with the spudding of the Hibiscus Extension well (DHIBM-2), on the Dussafu Marin permit, in April 2021, using the Borr Norve jack-up drilling rig. It... Continue Reading →
Three marine seismic data acquisition and processing companies TGS, CGG, and BGP have signed a multi-client agreement with Suriname's national oil firm Staatsolie. Under the agreement, the consortium will be able to acquire, promote and license multi-client seismic programs, including new 3D acquisition and legacy data reprocessing, in the shallow water acreage offshore Suriname. Suriname’s shallow... Continue Reading →
Offshore drilling company Valaris has won a drilling rig contract with the Brazilian oil firm Petrobras offshore Brazil. The contract is for the drillship Valaris DS-4, for operations offshore Brazil. The contract is for a minimum term of 548 days. The drillship is currently preservation stacked in the UK and will transit to the Canary... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) confirmed it will not be able to meet "atypical demand" from fuel distributors in November that has surpassed its production capacity, raising fears of supply shortages in the country. Petroleo Brasileiro SA, as the company is formally known, said in a securities filing late on Monday that it has... Continue Reading →
(Reuters) - Brazil's central bank on Tuesday made its first intervention in the spot currency market since March in support of the real after it almost touched a six-month low due to fresh concerns about looser government spending ahead of next year's election. The government is preparing an expanded welfare program next year, a person... Continue Reading →
(Reuters) - A surge in oil prices is drawing fund managers back into shares of oil and gas companies, even as some remain unsure that the price gains will stick. Energy stocks in the S&P 500 (.SPNY) are up 53.8% for the year to date compared with a 20.2% gain for the broader index, as rising demand... Continue Reading →
Norwegian seismic exploration company Shearwater GeoServices has unveiled a new seismic source technology for enhanced subsurface characterization known as Harmony. The technology provides seismic surveys with enhanced low frequencies enabling better decisions for exploration, development, and carbon storage monitoring applications, Shearwater said. According to the company, Harmony has multiple applications, as it provides deeper seismic... Continue Reading →
(PetroleoHoje) TechnipFMC may be close to winning yet another SURF (underwater collection system) contract with Petrobras. The group presented the best proposal in the Brazilian oil company's bid for the 7th module in Buzios, in the Santos cluster, with a value of R$ 5.7 billion. TechnipFMC's offer was ahead of proposals by Saipem, with a... Continue Reading →
(Valor) TotalEnergies (formerly Total) promises to intensify investments in renewables, but, at the same time, it is looking closely at the Brazilian oil and gas market. The French oil company, which changed its name to symbolize its migration towards the energy transition, sees Brazil as a strategic player in the search for projects with increasingly... Continue Reading →
(Rigzone) The United States has added 10 rigs week on week, according to Baker Hughes latest rotary rig count, which was released on October 15. The ten rigs added week on week comprised nine land rigs and one offshore rig. The total U.S. rig count now stands at 543, comprising 529 land rigs, 12 offshore... Continue Reading →
