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(Reuters) - Petrobras is set to present its new strategic plan for the coming years in November, an executive for Brazil's state-run company said on Wednesday, hinting it should be "consistent" with the current focus on offshore oil formation known as pre-salt. During an oil and gas event in Rio de Janeiro, Petrobras' executive director... Continue Reading →
(TN) Petrobras' divestment strategy was instrumental in boosting competitiveness and expanding production from mature fields in the country. The percentage of mature concessions operated by companies other than Petrobras - increased from 16% in 2010 to 38% in 2021. During this period, the number of operating companies jumped from 24 to 44. companies have given... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that today it signed a contract with Keppel Shipyard Limited for the construction of the P-83 platform, as a result of the advancement of the Búzios field development project, in the Santos Basin pre-salt area. The P-83 will be able to produce up to 225 thousand barrels of oil... Continue Reading →
Italian contractor Rosetti Marino has been awarded a contract by TotalEnergies for the construction of the Fenix project platform, which will be installed 60 km off the coast of Terra del Fuego in southern Argentina. This comes days after TotalEnergies announced a final investment decision for the Fenix gas development, the world’s southernmost gas project. TotalEnergies and... Continue Reading →
Italian oilfield services giant Saipem has won two new contracts in Ivory Coast worth around one billion euros in total. The contracts have been assigned by ENI Cote d’Ivoire-Petroci consortium for the Baleine Phase 1 Project, for the development of the oil and gas field offshore Ivory Coast located at a 1,200 m water depth.... Continue Reading →
(Reuters) - Guyana's economic growth could reach close to 60% this year, the International Monetary Fund said in a statement on Tuesday, urging cautious policies even as the tiny South American nation benefits from surging oil production. "Overall real GDP growth rate is projected to be 57.8% in 2022," the IMF said in a statement... Continue Reading →
(U) Petrobras is confident of getting over the final hurdle and obtaining environmental permits to drill at a location close to the maritime frontier of French Guiana Brazil's Petrobras is set to conduct a pre-operational simulation as the final step to obtaining environmental permits to drill a landmark wildcat in the northern Brazilian offshore play... Continue Reading →
(OE) GustoMSC and NOV Lifting & Handling said Tuesday they had developed a solution to improve offshore wind turbine blade installation efficiency. "Blades are highly susceptible to wind loads, so they currently take the most time to install," the companies said. The solution has been named Sjøhest - Norwegian for “seahorse." "Like the seahorse’s unique... Continue Reading →
(U) The Brazilian government forecasts the country’s oil production will grow 70% by the end of the decade, propelled by multibillion-dollar investments from state-controlled company Petrobras and other operators. Brazil is recovering faster when compared to the world’s largest economies, Mines and Energy Minister Adolfo Sachsida said Monday during the opening ceremony of the Rio... Continue Reading →
(U) Equinor is set to sanction development of the giant Pao de Acucar gas condensate field on Block BM-C-33 in Brazil’s Campos basin, according to an executive with the Norwegian major. "It will be soon," Ana Serrano Onate, Equinor's senior vice president for petroleum technology, told Upstream when quizzed about the timing of a long-awaited... Continue Reading →
