Baker Hughes (NASDAQ: BKR), a global leader in energy technology, has been awarded a significant contract by Petrobras for integrated well construction services in the Buzios field, located offshore Brazil. This strategic collaboration marks a pivotal moment in the energy sector, emphasizing Baker Hughes’ expertise and comprehensive capabilities in well construction. The contract, set to […]
In a significant development for offshore energy sustainability, TotalEnergies, part of the Libra Consortium, has announced the final investment decision to develop a unique natural gas and CO2 separation and reinjection facility. This groundbreaking facility is slated for the Mero field in the Brazilian deep offshore pre-salt area. At the forefront of this project is […]
Petrobras, in collaboration with its partners, has initiated production from the second phase of the Mero field development, known as the Mero-2 project. This significant advancement occurs in the Libra block, located in the pre-salt area of Brazil’s Santos Basin, more than 180 kilometers off the coast of Rio de Janeiro. Significant Increase in Production […]
Weatherford International plc (NASDAQ: WFRD), a global leader in energy services, has announced a significant contract win with Petróleo Brasileiro S.A. (“Petrobras”) in Brazil. This five-year contract, awarded after a competitive tender, is set to provide Drill Pipe Riser (DPR) ultra deepwater offshore intervention systems and services. The new contract, featuring seven systems, is slated […]
In a significant move towards bolstering Brazil’s energy sector, Excelerate Energy, Inc. has penned a ten-year charter agreement with Brazil’s energy giant, Petróleo Brasileiro S.A. (Petrobras). This deal ensures the deployment of Excelerate’s floating storage and regasification unit (FSRU), the Sequoia, predominantly at the Bahia Regasification Terminal in Salvador, Bahia, starting from January 1, 2024. […]
Oceaneering International, Inc. (NYSE: OII) has made a significant announcement regarding its subsidiary, Marine Production Systems do Brasil Ltda. The subsidiary has successfully secured a five-year contract from Petrobras (Petróleo Brasileiro S.A.) for the operation of three existing drill pipe riser (DPR) systems. These systems will play a vital role in supporting intervention and completion […]
Equinor, on behalf of the BM-C-33 consortium, has officially submitted the Declarations of Commerciality and Development Plans for two significant areas in Brazil’s Campos Basin to the Agência Nacional de Petróleo, Gás Natural e Biocombustíveis (ANP). This step forward signifies an investment of about $9 billion. Partnerships and Location Partnering with Equinor in the consortium […]
Norwegian supply shipping company DOF Group ASA proudly announces securing three new service contracts with Brazilian energy giant Petrobras. These high-value contracts, worth more than USD 260 million, were won through a competitive bid process and are set to commence in Q4 2023 or Q1 2024. They are expected to be performed within a two-year […]
SLB (formerly Schlumberger) announced it has secured a five-year contract from Brazilian oil and gas giant Petrobras for a comprehensive deployment of its Delfi digital platform. This marks a significant step in Petrobras’ digital transformation strategy, encompassing exploration, development, and production operations. A critical part of the contract is the transition of subsurface workflows to […]
TotalEnergies, in partnership with Petrobras, QatarEnergy, and PETRONAS Petróleo Brasil Ltda (PPBL), has officially signed the production sharing contract (PSC) for the Agua Marinha block. The contract was awarded during the Open Acreage under Production Sharing Regime – 1st Cycle conducted by Brazil’s National Petroleum Agency (ANP) in December 2022. The signing took place on […]