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Woodside Resumes Vincent Exports
Woodside Petroleum has offered the first Vincent crude cargo for export since production resumed at the $1.9 billion Greater Enfield project off western Australia, two trade sources with direct knowledge of the matter said on Tuesday. Output at the Vincent field…
Petrobras Produced 3.0 Mbbpd in August
Brazilian state-run oil company Petroleo Brasileiro SA produced 3.0 million barrels of oil equivalent per day (boepd) on average in August, according to a securities filing on Tuesday, up 21.6% from the same period a year ago. Petrobras, as the company is known…
Brazil Oil Production Jumps 7% in July
Brazilian oil production increased to 2.77 million barrels per day (bpd) on average in July, up 7% from a year earlier, local oil and fuels regulator ANP said on Monday. Natural gas production also increased by 7% in July from the same month last year to 124 million cubic meters, ANP said.
Petrobras Announces Polo Garoupa Fields Sale
Brazil's state-run oil company, Petroleo Brasileiro SA, announced the binding phase of the sale of its 11 oil fields in shallow waters of the Santos basin and collectively known as Polo Garoupa. Petrobras said in a securities filing that oil fields called Anequim…
Subsea 7 Wins Contract from Total in Brazil
Subsea 7 today announced the award of a contract by Total E&P do Brasil for the development of the Lapa North East field located approximately 300 kilometers off the coast of the State of São Paulo, at 2,150 meters water depth in the pre-salt Santos Basin.
Liza Destiny FPSO Reaches Guyana
American petroleum company Hess Corporation said that the Liza Destiny floating, production, storage and offloading (FPSO) vessel has arrived at the closely watched Stabroek Block offshore Guyana after a 42-day journey from Singapore. Liza Destiny…
2P Reserves at Dussafu PSC Increased 89%
Panoro Energye announced an 89% increase in 2P oil reserves at the Dussafu Production Sharing Contract (Dussafu PSC), offshore Gabon. A mid-year update report from independent reserves auditor Netherland, Sewell & Associates Inc. (NSAI) on certain…
Sembcorp Marine Wins Cambo FEED Contract
Operator Siccar Point Energy said it has awarded an exclusive front-end engineering and design (FEED) contract to Sembcorp Marine for the design of a Sevan cylindrical floating production, storage and offloading unit (FPSO) for its Cambo field development on the UK Continental Shelf.
Vaalco to Begin Gabon Drilling in Sept
The hydrocarbon exploration company Vaalco Energy is set to begin a drilling program off Gabon following a successful full-field maintenance shutdown at the Etame Marin licence. The Houston-based energy company provided an operational update…
KNOT Signs Charter Contract with Total
Knutsen NYK Offshore Tankers AS (KNOT), a NYK Group company, has concluded a time-charter contract for a maximum 15-year period starting from 2021 for a shuttle tanker with French oil and gas giant Total for its Brazilian activities. The contract aims to use a 152…
Noble Makes Discovery off Equatorial Guinea
Noble Energy has made a new discovery in Block 1 offshore Equatorial Guinea, with the U.S. company expecting to produce new oil by tapping into existing infrastructure by October, the oil minister said on Tuesday. "We are excited to announce this discovery…
CGG Kicks Off Deepwater Survey in Brazil
Paris-headquartered geosciences company CGG said it has commenced a new, large, long-offset BroadSeis survey located in the Campos and Santos Basins, offshore Brazil. The Nebula 3D survey is supported by industry funding. With an initial focus on Brazil’s 15th License Round blocks…
Petrobras in Decommissioning Boost
The decommissioning of 21 old oil rigs in the Campos Basin, Rio de Janeiro state, will cost around 50 billion reais ($12 billion) over the next five years, a state official said. All 21 old rigs that will be decommissioned are operated by state-controlled oil company Petroleo Brasileiro SA…
Brazil Leads FPSO Crude Production Capacity
Brazil will also lead globally on crude production capacity through upcoming floating production storage and offloading (FPSO) vessels with 2,430 thousand barrels per day (mbd) between 2019 and 2025. A total of 20 planned and announced floating…
Premier Oil to Upgrade Catcher Reserves
Premier Oil will announce a second reserves upgrade for its Catcher oilfield in the UK North Sea at the end of the year, Chief Executive Officer Tony Durrant told Reuters on Thursday. The field has reached a plateau production rate of 70,000 barrels of oil equivalent per day…
Trelleborg to Equip MODEC FPSO
Trelleborg announced on Wednesday that its offshore operation has been awarded a fast track contract to produce more than 80 laminated elastomeric bearings for floating production storage and offloading (FPSO) vessel operator MODEC. The first…
Aker Energy Gets Extension for FPSO
Norwegian operator Aker Energy has again extended an option agreement for the use of floating production, storage and offloading (FPSO) vessel with Ocean Yield. "Ocean Yield has today agreed with Aker Energy to extend the option period until 31st December 2019 against additional compensation…
INTECSEA Wins MJ Field Contract from RIL
Worley subsidiary INTECSEA has been awarded a project management consultancy (PMC) contract by Reliance Industries Ltd (RIL) for the MJ Field deepwater gas and condensate project offshore India. Under the contract, INTECSEA will provide PMC…
Vaalco extends BW Offshore FPSO charter
The owner and operator of floating production storage and offloading (FPSO) vessels BW Offshore has received a one-year contract extension for the lease of one of vessels from Vaalco Energy. The Oslo Stock Exchange-listed company said in a press…
White Rose to Resume Full Production
Canada's Husky Energy said on Friday it will resume full production at its White Rose field off the coast of Newfoundland & Labrador, which was shut down last year after an oil spill in November 2018. White Rose production will ramp up to reach full rates of approximately 20…
MODEC Raises $1bln Bond for FPSO Project
Japanese FPSO provider MODEC has decided to issue project bonds to international investors to refinance a floating production, storage and offloading (FPSO) vessel chartered to the TUPI consortium. TUPI consortium is led by Petrobras with the…