News
April 18, 2024
The FPSO Jaguar’s design is based on SBM Offshore’s Fast4Ward program that incorporates the company’s 7th new build, multi-purpose floater hull combined with several standardized topsides modules.
News
April 18, 2024
The exploration well started at a production rate of 5 MMcfd for 2 hours at a choke 29/128” and a THP of 2290 psi. The choke at the final rate was 36/128” and a THP of 2260 psi. The exploration well continued to produce at a rate of 12 MMcfd over 29 hours with a stabilized THP of 2260 psi.
News
April 18, 2024
Petrobras has sold its entire stake in the Cherne and Bagre fields, in the shallow waters of Brazil’s Campos basin to Perenco Petróleo e Gás do Brasil Ltda (Perenco) for $10 million.
News
April 18, 2024
Venezuelan firm A&B Investments will partner with Petróleos de Venezuela to run heavy oil fields in the Orinoco Belt and an associated processing facility, according to people familiar with the negotiations who asked not to be named because discussions are ongoing.
News
April 17, 2024
This concept and delivery method allows the individual 24 jumpers to be cut to the desired length, terminated, and tested onsite in Guyana, providing flexibility to the end-user. The jumpers, made of carbon fibre and PA12 polymer, will be installed at water depths over 1,600m and will operate in the region of 10,000psi.
News
April 17, 2024
According to Petrobras, that number is likely to grow even more. With new production systems to be installed in the coming years, the field's capacity will be increased to around 2 MMbpd by 2030.
News
April 17, 2024
The U.S. plans to allow a Treasury Department license permitting oil and gas production to expire without renewal on Thursday, according to people familiar with the plan, who asked not to be identified without permission to speak publicly, if Venezuela fails to act.
News
April 16, 2024
TechnipFMC will provide project management, engineering, and manufacturing to deliver 48 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment.
News
April 10, 2024
As the world turns its collective focus towards energy security and environmental responsibility, international partnerships become essential for progress.
News
April 15, 2024
Saipem’s scope of work entails the detailed Engineering, Procurement, Construction, and Installation (EPCI) of a subsea production facility. The contract value is between $750 million and $1.5 billion.
News
April 14, 2024
The Whiptail project will cost $12.7 billion and produce about 250,000 bpd as soon as the end of 2027, Exxon said in a statement Friday. Guyana’s overall daily crude capacity will climb to 1.3 MMbbl just eight years after the advent of the country’s oil production.
News
April 11, 2024
KCA Deutag has announced the award of $204 million of onshore drilling contracts in Oman, Saudi Arabia, Peru and Bolivia.
News
April 11, 2024
GeoPark Limited has submitted a binding offer to acquire a non-operated Working Interest (WI) in unconventional blocks Argentina’s Neuquen basin in the prolific Vaca Muerta shale region.
News
April 11, 2024
Petrobras expects to require 280 new wells through 2028, and refurbish or plug another 700 wells, it said in an emailed response to questions. The company said the market for day rates is dynamic and that it will review pricing when hiring new rigs.
News
April 10, 2024
Colombian President Gustavo Petro said the oil and gas would be developed in Venezuelan fields near the Colombian province of Norte de Santander, while electricity would be provided from La Guajira province on Colombia’s Caribbean coast.
News
April 10, 2024
Petrobras has discovered an accumulation of oil in ultra-deep waters of the Potiguar Basin, in the Anhangá exploration well on concession POT-M-762_R15.
News
April 10, 2024
Petrobras head Jean Paul Prates is set to remain in charge of Brazil’s state-controlled oil giant for now, as an internal government battle over the company’s chief executive role cools down, according to people with knowledge of the matter.
News
April 07, 2024
On Feb. 27th, 2024, the SPT-129 workover rig mobilized from the SJ-01 well to the SJ-06 well with a workover program designed to open an additional 12.4 m across 3 zones in the Tutoia formation.
News
April 04, 2024
Prates’ potential departure after more than a year in the role underscores how Petrobras struggles to meet conflicting expectations from the government and minority shareholders.
News
April 03, 2024
The FPSO will have a topside designed to produce approximately 250,000 bpd and will have associated gas treatment capacity of 540 MMcfd, water injection capacity of 350,000 bpd and produced water capacity of 300,000 bpd.
News
April 02, 2024
The board of oil junior Enauta Participacoes SA has approved a proposal to merge with 3R, which has oil fields on land and off the coast of Brazil, the company said in a statement Tuesday. 3R already is considering a potential combination with PetroReconcavo SA, another Brazilian oil producer that has oil fields on land.
