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(TN) Oil States Brasil announces the signing of another contract with Petrobras for subsea wellhead systems services. Services include maintenance, support, management, planning and control of equipment, tools, bases and accessories, including the supply of parts. The signed contract is part of Oil States Brasil's strategy to further diversify its portfolio, representing an increase in... Continue Reading →
PRIO (PetroRio) announced that it has resumed production at the Frade field, in the Campos Basin. Operation in the area had been suspended since August 16, after a breakdown in the inert gas line of the FPSO operating in the concession. “The Company thanks all the teams involved in the work necessary for the return... Continue Reading →
(Valor) After completing what it classifies as its third wave of growth, Companhia Brasileira de Offshore (CBO) will “hibernate” to absorb the acquisition of ten offshore support vessels before starting a new expansion cycle. With 44 vessels, the company is one of the largest in the country in offering this service to oil companies. At... Continue Reading →
Brazilian oil company Enauta is having difficulties with fully restoring output from the Atlanta field in the Santos Basin offshore Brazil, but still expects the production to reach normal levels by September. Earlier this month, Enauta said it had restarted production from the offshore oil field - via the Petrojarl I FPSO - following a... Continue Reading →
(OM) BW Energy has issued updates on its development projects offshore Gabon and Brazil in its latest results statement. BW Energy has issued updates on its development projects offshore Gabon and Brazil in its latest results statement. In the Dussafu production sharing contract offshore Gabon, first-half production from the Tortue Field was down to about 11,100... Continue Reading →
(WO) Latest analysis from Westwood Global Energy Group, a specialist energy market research and consultancy firm, reveals a healthy recovery roadmap for the global land rig market, driven by higher commodity pricing and mounting pressures around energy security. Westwood expects many regions to recover from the dramatic global downturn throughout 2020 better than previously expected. In... Continue Reading →
(Bloomberg) — U.S. shale producers are on course to make nearly $200 billion this year, enough to make the industry debt-free by 2024 and potentially fund a pivot toward more natural gas production, according to Deloitte LLP. High oil prices and disciplined capital spending mean American frackers are on course for their most profitable year... Continue Reading →
As global carbon capture, utilisation and storage (CCUS) capacity is nearing 1 billion tonnes per annum, the new U.S. energy bill – the Inflation Reduction Act (IRA) – is expected to boost the uptake further, however, Wood Mackenzie, an energy intelligence group, believes that more is needed to meet net-zero goals by 2050. Wood Mackenzie pointed out... Continue Reading →
(PN) The board of the National Petroleum Agency (ANP) approved the inclusion of 218 blocks from the Equatorial Margin in the Permanent Offer system, under the concession regime. The added blocks are located in the Foz do Amazonas, Pará-Maranhão, Barreirinhas, Ceará and Potiguar basins, in deep and ultra-deep water marine environments. According to the ANP,... Continue Reading →
Norway’s government agency responsible for the regulation of petroleum resources believes that the country’s gas can enable Europe to achieve its energy transition goals. To make this happen, investments in unlocking new oil and gas resources and improving the recovery from existing ones are important to limit the production decline and maintain the country’s role... Continue Reading →
Brazil Energy Insight 