CNOOC Limited (SEHK: 00883, SSE: 600938) has announced the early commencement of production at its Xijiang 30-2 Oilfield, situated in the Xijiang 30-1 Block in the eastern South China Sea. This development marks a significant milestone as the company accelerates its offshore operations to enhance oil output. Located in waters averaging 98 meters deep, the […]
The FPSO (Floating Production, Storage, and Offloading) vessel Maria Quitéria, operated by Petrobras, has commenced operations in the Jubarte field, part of Brazil’s pre-salt Campos Basin. This development, part of the Parque das Baleias initiative, is set to significantly enhance Petrobras’ oil output, leveraging cutting-edge technology to boost production while reducing emissions. A Major Leap […]
TechnipFMC has been awarded two major contracts by Brazilian oil giant Petrobras for projects in the country’s pre-salt offshore fields. The contracts, aimed at supporting the development of Brazil’s valuable oil reserves, reflect the company’s significant capabilities in the sector. The first contract, described as “substantial,” involves the design, engineering, and manufacturing of riser flexible […]
SLB, a global leader in oilfield services, has secured a significant contract from Petrobras, Brazil’s state-controlled oil giant, for two major ultra-deepwater projects in the Santos Basin. The deal, awarded to SLB’s OneSubsea joint venture, marks a key milestone in the ongoing development of Brazil’s pre-salt oil fields. Major Contract Award SLB’s OneSubsea joint venture […]
SLB has announced a landmark contract award from Petrobras to its OneSubsea joint venture, marking a significant achievement in the development of Brazil’s offshore oil fields. This major contract, awarded after a competitive tender, involves the provision of subsea production systems and related services for two ultra-deepwater projects in the Santos Basin, a key region […]
Baker Hughes (NASDAQ: BKR), a global leader in energy technology, has clinched a substantial order from Petrobras for comprehensive workover and plug and abandonment (P&A) services across the pre-salt and post-salt fields offshore Brazil. This significant engagement, valued at several million dollars, underscores Baker Hughes’ strategic penetration in the South American energy sector, leveraging its […]
In a move poised to transform the deepwater oil and gas sector, Petrobras, the Brazilian oil giant, and American firm Curtiss-Wright (NYSE: CW) have entered into a technological cooperation agreement to develop a high-reliability, fully electric subsea pumping system. This innovative system, designed to be less dependent on production platforms, is expected to significantly reduce […]
PGS ASA, a prominent marine geophysical company, has officially started data acquisition for a significant 4D seismic monitoring project over the Barracuda Caratinga fields for Petrobras. This initiative marks a critical phase of the project following the final permit approval by the Brazilian Institute of Environment and Renewable Natural Resources (IBAMA). Project Details and Strategic […]
In a major offshore oilfield development, Subsea 7 S.A. has been awarded a super-major contract valued at over $1.25 billion by Petrobras. The contract, won through a competitive tender, entails the development of the Búzios 9 field, which is located about 180 kilometers offshore from the state of Rio de Janeiro, Brazil. The field is […]
In a pivotal move to boost oil production in Brazil’s prolific pre-salt Santos Basin, TotalEnergies, in collaboration with Petrobras (Petróleo Brasileiro S.A.) and other consortium partners, has announced the Final Investment Decision (FID) for the second phase of development at both the Atapu and Sépia fields. This decision underscores a significant advancement in the region’s […]