Brought to you by Quest Offshore & Southern Cone Consultants
Tractebel and partner companies have developed what they describe as the world’s first offshore infrastructure and processing facilities concept for the storage of hydrogen in offshore caverns. The design study, unveiled by Tractebel Overdick GmbH, is said to outline an innovative solution for large-scale hydrogen storage on the high seas: a scalable offshore platform for... Continue Reading →
The winning bids for the Transfer of Rights auction, blocks Sepia and Atapu, are as follows: SEPIA - Consortium formed by TotalEnergies (28%), Petronas (21%) and QP Brasil (21%), made an offer of 37.43% of surplus oil to the Union. The bid exceeded the proposal presented by Petrobras (100%), which alone offered 30.30% of excess... Continue Reading →
Enauta announces that it has approved the drilling of an additional well in the Early Production System (SPA) of the Atlanta Field. The new well, scheduled to start production in early 2023, will allow for a significant increase in production and will add a spare to the wells' pumping system. The estimated value of the... Continue Reading →
Oil at $100 a barrel cannot be ruled out in 2023 as supply additions are expected to be too slow to keep up with record demand, according to Goldman Sachs Group Inc. While the bank’s base forecast is for Brent to stay around $85 next year and 2023, it could breach triple digits through either... Continue Reading →
An old offshore platform in the U.S. Gulf of Mexico is set to be converted into a working fish farm, creating a blueprint for future aquaculture re-use projects and providing repurposing options for old oil and gas assets. Innovasea, a provider of aquatic solutions for aquaculture and fish tracking, has helped the Gulf Offshore Research... Continue Reading →
BP's floating, production, storage, and offloading vessel (FPSO) for the Greater Tortue Ahmeyim gas project offshore West Africa is expected in Senegal waters for commissioning and testing by the end of 2022, a company executive said on Friday. The FPSO for the project, which straddles Senegal and Mauritania, is being built in China by France's Technip Energies.... Continue Reading →
Production in the Transfer of Rights reached an average volume of 1.003 million barrels of oil equivalent per day in November. This was the first time that the fields in the area reached the level above 1 million barrels per day. With this volume, the Transfer of Rights reached a share of 27.05% of the... Continue Reading →
Norwegian oilfield services provider Aker Solutions and its compatriot AF Gruppen have terminated their previously announced process to merge the two companies’ existing offshore decommissioning operations. In a statement released on Friday, the two companies said that, although the strategic rationale is still strong, they have not succeeded in reaching a final agreement and the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it signed, today, a revolving credit facility (RCF) in the amount of US$ 5 billion, maturing in December 2026, with the possibility of being extended in up to two years. The agreement, signed with 16 banks, allows the company to draw on the line until the month before... Continue Reading →
(Reuters) - There were no counter-offers for oil and gas blocs in Colombia's latest licensing round, but contracts for 30 blocs which received bids will be signed in the coming days, the government said on Thursday. The oil and gas industry is a major source of income and foreign exchange for Colombia and the government... Continue Reading →
