Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - BP’s trading arm made nearly $4 billion in 2020, according to a copy of an internal BP presentation seen by Reuters, almost equalling the record trading profit in 2019 despite the collapse in oil demand caused by the pandemic. Trading revenue for majors such as BP and rival Royal Dutch/Shell shielded them from... Continue Reading →
The encouraging projections for the Brazilian subsea market in 2021 are starting to materialize. Petrobras launched a tender for contracting the production collection system and anchoring services of the FPSO Almirante Tamandaré, the sixth production unit in the Buzios field, earlier this week. The bidding will last until June 7, when the state company will... Continue Reading →
Oil major ExxonMobil is waiting on equipment arrival from Germany to Guyana to complete the repairs on the Liza Destiny FPSO, due to issues that started in late January 2021. As previously reported, ExxonMobil experienced technical issues with a gas compressor on the SBM Offshore-owned FPSO Liza Destiny, which is working on the oil major’s Liza field... Continue Reading →
The Covid-19 pandemic not only devastated oil demand in 2020 but also forced the global oil and gas industry to severely downsize its staffing levels. However, not all producing countries were affected in the same way, according to Norwegian energy intelligence firm Rystad Energy. A Rystad Energy analysis shows that the world’s top oil and gas employer,... Continue Reading →
Petrobras' exploratory campaign in the Campos Basin has new developments. This time, the state-owned company started drilling another well (1-BRSA-1378-RJS) in the region, inside block C-M-709, in a water depth of 2,840 meters. The information was made available by the National Petroleum Agency (ANP). Block C-M-709 is operated by Petrobras (40%), in partnership with ExxonMobil... Continue Reading →
(Reuters) - Chevron Corp on Tuesday outlined a plan to expand oil and gas production through 2025, but without spending significantly more, and pledged to limit the pace of growth of its carbon emissions. Falling energy demand due to pandemic-driven lockdowns sent the industry into a tailspin in 2020 and led Chevron to a $5.54... Continue Reading →
Fugro is carrying out seep survey and geochemical campaign for Petronas in Block 48, offshore Suriname. Petronas hired the Dutch-based surveyor in order to optimise future exploration activities in this frontier area. The work, conducted from the survey vessel MV Fugro Brasilis, involves geophysical data collection; heat flow measurements; core sampling as well as onboard geochemical... Continue Reading →
Rio de Janeiro, March 10, 2021 - Petróleo Brasileiro S.A. - Petrobras informs that received official letter from the Ministry of Mines and Energy with two nominations for the Board of Directors in the next Extraordinary General Meeting, selected as provided in art. 18, § 7, of Petrobras’ Bylaws: Cynthia Santana Silveira Ana Silvia Corso Matte... Continue Reading →
Oil and gas companies Apache and Total have been forced to stop drilling operations at an offshore well in Suriname due to "substantial pressure increases." As announced on January 14, the Keskesi East-1 well discovered oil, volatile oil, and condensate in the Upper Cretaceous-aged Campanian and Santonian intervals and, subsequently, continued drilling toward deeper Neocomian-aged... Continue Reading →
Dutch FPSO giant SBM Offshore has ordered the fourth Fast4Ward FPSO hull from the Chinese Shanghai Waigaoqiao Shipbuilding (SWS) shipyard. SWS said that his type of FPSO hull also adopts SBM’s ‘universal’ hull design concept and has an oil storage capacity of 2.3 million barrels of crude oil. It also meets the marine environmental conditions... Continue Reading →
