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There are no official comments from the Suriname authorities regarding Bolsonaro's comments. Brazil's President Jair Bolsonaro said on Thursday that Suriname will give Brazilian state-controlled oil company Petrobras priority in the exploration of oil and gas reserves recently discovered off-shore. Bolsonaro spoke by webcast to supporters in Brazil from Paramaribo, where he met on Thursday... Continue Reading →
In 2021, offshore accommodation provider Prosafe saw its vessel utilisation more than double when compared to the previous year and reach the highest rate since 2015. In an update on Friday, Prosafe reported that its fleet utilisation rate in 4Q of 2021 was 59.3 per cent compared to 25 per cent in 4Q 2020. The... Continue Reading →
(WO) Oilfield service providers have long played a critical role in the technical advancement of the upstream oil and gas industry. As the frontline provider of equipment and expertise, operators from the largest national oil companies to the smallest of independents count on these firms to drive technical innovation, improving performance in the field under... Continue Reading →
Fugro has secured a subsea survey and positioning contract with Maersk Supply Service to support the installation of an anchoring system for the floating production storage and offloading (FPSO) vessel Sepetiba at Petrobras’ deepwater Mero 2 project in Brazil. For the project, Fugro will use its QuickVision augmented reality camera to help guide the installation... Continue Reading →
(Reuters) - The transition to clean energy required to prevent temperatures from rising swiftly could shave 2% off global GDP by 2050 but is likely recoverable before the end of the century, a report by natural resources consultancy Wood Mackenzie said on Thursday. While investments in technologies like solar and wind farms, advanced batteries will... Continue Reading →
(Reuters) - The heads of state of Brazil, Guyana and Suriname this week will take the first steps toward forging an infrastructure that would better share the neighboring South American countries' energy and natural resources. Brazil's President Jair Bolsonaro is expected to arrive in Suriname on Thursday, and will travel on Friday with the head... Continue Reading →
Brazilian oil and gas company Enauta has completed the repair of a production line on the Petrorajrl I FPSO, which is operating on the Atlanta field offshore Brazil, but the production from the field is still shut down due to a Covid-19 outbreak. The Enauta-operated Atlanta field is located in the Santos Basin. The field producing through... Continue Reading →
Baker Hughes Co on Thursday reported an adjusted quarterly profit compared with a year-ago loss, as producers took advantage of a rise in crude prices that fueled demand for oilfield service equipment. Oil prices surged more than 50% last year on hopes of a global economic recovery from the COVID-19 pandemic and as OPEC+ cut... Continue Reading →
(WNN) Brazil has begun a process to identify sites for the new nuclear power units it plans to have in operation by 2050. The Ministry of Mines and Energy has secured cooperation of specialists at Cepel for a siting study. "An increase in the participation of nuclear energy in the Brazilian energy mix is important... Continue Reading →
Demand for wet Christmas trees in 2022 will hit the highest level in nearly a decade, according to a new forecast from Westwood Energy. The company predicts that the global oil and gas sector can hire up to 354 units, the highest number recorded since 2013. The forecast considers that the barrel of oil should... Continue Reading →
