From a milestone at Atlanta Phase 1 to new contracts, below is a compilation of the latest headlines in the E&P space.
Activity headlines
Atlanta Phase 1 Milestone Reached
Enauta Participações SA said Feb. 5 that it had reached milestones on its Atlanta Phase 1 project offshore Brazil in January.
The early system is fully producing, with three wells in operation averaging more than 21,000 boe/d.
On Jan. 21, the first subsea multiphase pumping system (MPP), manufactured by OneSubsea, was loaded in Norway bound for Brazil. The MPP will be installed to support Atlanta’s oil and gas production and its on-scheduled delivery highlighted one of the key challenges to reach the FPSO Atlanta’s first oil schedule by August 2024.
Contracts and company news
Saipem Reports Castarone Incident
Saipem reported an early morning Jan. 30 incident on the Castorone pipelay vessel off the waters of Australia during normal pipelay operations.
Saipem said there were no injuries. Saipem said the vessel didn’t sustain major damage but reported localized damage to the trunkline. Saipem said the damage will be remediated.
In a follow-up release, Saipem said a buckle occurred while laying pipeline. An initial investigation indicated a software anomaly could be the cause.
Titania Jackup Wins Work offshore Mexico
Paratus Energy Services Ltd. announced Feb. 1 that SeaMex Holdings Ltd. and related subsidiaries won a one-year contract for the Titania jackup in Mexico from an unnamed customer.
The new contract will contribute approximately $55 million in backlog and is expected to begin in mid-February 2024.
TGS, SLB for GoM OBN Acquisition
TGS, in collaboration with SLB, announced on Feb. 5 the Engagement 5 Ocean Bottom Node (OBN) multi-client acquisition in the U.S. Gulf of Mexico.
The seventh program within the seismic joint venture involves the acquisition of 157 Outer Continental Shelf blocks covering 3,650 sq km through a long offset, sparse OBN survey that will start in the first quarter of 2024.
The expansion of data coverage in the eastern region of Green Canyon will adjoin with prior phases, establishing a continuous coverage area spanning over 23,000 sq km from the Mississippi Canyon area in the east to the Garden Banks area in the west.
The project is supported by industry funding.
Recommended Reading
What's Affecting Oil Prices This Week? (Sept. 9, 2024)
2024-09-09 - Within the context of lower oil prices and disappointing economic data, members of OPEC+ have decided to delay the unwinding of voluntary cuts, which were expected at the end of September.
RBAC: Environmental Pressures Undercutting the Global Gas Network
2024-10-10 - RBAC founder and energy economist Robert Brooks worries that environmental goals and pressures have taken a front seat at the expense of affordable energy access to countries such as Africa.
New FERC Commissioner Calls Slow Permitting Process ‘Huge Problem’
2024-09-17 - FERC Commissioner David Rosner said the commission is aware that the permitting process is too slow overall at Gastech Houston 2024.
Texas is Sued Over Anti-ESG Law
2024-08-29 - A nonprofit organization is suing Texas over a 2021 law it says violates members’ free speech rights by banning Texas from investing in or contracting with businesses that, in the state's view, "boycott" the oil and gas industry.
RNG Producer OPAL Recovers 25% of Capex from Tax Credits Sale
2024-09-19 - OPAL Fuels, which sold tax credits for $11.1 million, indicated that its capex for the Emerald RNG facility is approximately $45 million, according TPH & Co.
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