Brought to you by Quest Offshore & Southern Cone Consultants
There are tentative signs of the start of a renewal in the work class ROV fleet. But what form will it take? (OE) The work class ROV (WCROV) market has taken something of a battering over the past few years. The 2014 downturn and then a pandemic has meant the ROV services market and the... Continue Reading →
Guyana aims to increase its oil royalties and revamp other contract terms as part of a new profit-sharing agreement (PSA) for future crude and gas projects now in its draft stage, the South American nation's vice president said on Tuesday. The tiny country has become one of the most desired oil exploration hot spots after... Continue Reading →
(OE) Chevron Corp is hoping to play a role in Brazil's pre-salt oil discoveries, the U.S. oil major's Brazil chief said on Tuesday at the Offshore Technology Conference (OTC) in Houston. The "pre-salt chapter" might be the most important development in Chevron's more than century-long presence in Brazil, said country manager Mariano Vela. Chevron has... Continue Reading →
The Buzios field, in the Santos Basin pre-salt, has gained an extra highlight this week of OTC Houston 2021. Petrobras won the Distinguished Achievement Award for Companies, the main award in the offshore industry, for the technological innovations implemented in the exploration and production of the field. Currently with four units in production, Buzios should... Continue Reading →
(PetroNoticias) About three years after acquiring the Titã block, in the Santos Basin pre-salt, the American company ExxonMobil started the first exploratory drilling in the area. The information was disclosed to the National Petroleum Agency (ANP) on its active wells portal. Drilling is being carried out in a water depth of 2,644 meters, using the... Continue Reading →
The company earned R$94.5 million and recorded net cash above R$450 million in the period PetroReconcavo, one of the leading independent oil and gas operators in the revitalization of mature onshore fields in Brazil, announced its results for the second quarter of 2021 (2Q21). Net revenue was R$ 249 million in the period, a growth... Continue Reading →
Petrobras is working with Japanese engineering company Modec to avoid delays in the implementation of the fifth production platform in the Buzios field, the asset's executive manager said on Monday. The Brazilian state-owned company proposed nine platforms for Buzios, its fastest growing deepwater project, in the 2021-2025 business plan. Four units are already in operation,... Continue Reading →
(Reuters) Rising calls to cut carbon emissions and to reduce global warming could generate more offshore partnerships and increase the output of cleaner oil for Brazil, the production chief of state-controlled Petrobras said in an interview. Brazil oil officials are in Houston at an offshore oil conference shopping for partners to develop deepwater oilfields that... Continue Reading →
Petrobras and Eneva discovered gas fluids in wells 1-BRSA-1380D-RJS and 1-ENV-19-MA, respectively, according to data published by the ANP last Friday. The notification of evidence of hydrocarbons was made to the ANP on August 12, in the case of the state-owned company, and on August 9, in the case of Eneva. Located in the C-M-346... Continue Reading →
Petrobras is preparing to dispose of the remaining subsea structures of the FPSOs Cidade do Rio de Janeiro, Cidade de Rio das Ostras and Piranema, which have already been demobilized from projects in the Campos and Sergipe-Alagoas basins, respectively. The oil company launched a tender to contract engineering, preparation, removal and disposal services (EPRD –... Continue Reading →
