Petrobras Awards Seadrill Two Drillship Contracts Off Brazil
Seadrill said the West Jupiter and West Tellus contracts both have a three-year duration and will add nearly $1 billion to the company’s backlog.
E&P Highlights: Dec. 16, 2024
Here’s a roundup of the latest E&P headlines, including a pair of contracts awarded offshore Brazil, development progress in the Tishomingo Field in Oklahoma and a partnership that will deploy advanced electric simul-frac fleets across the Permian Basin.
Petrobras Awards SLB Another Contract Offshore Brazil
Petrobras has awarded JV SLB OneSubsea a contract for raw water injection systems a day after Petrobras selected SLB to handle integrated services at its offshore fields.
SLB to Manage Construction of Deepwater Wells for Petrobras
SLB will work off nine ultra-deepwater rigs to oversee the construction of deepwater wells as part of the $800 million, three-year deal with Petrobras.
Adkins: Saudi Cuts to Stay, EVs are Overrated and China Matters Less
Marshall Adkins, head of energy at Raymond James, isn’t buying the prevailing wisdom that weakening Chinese oil demand, EV encroachment and a potential OPEC supply increase are legitimate threats to the oil market.
Adkins: The Overhang of Excess Oil May Not Be All that Massive
Raymond James’ J. Marshall Adkins says the market is factoring in perceptions of OPEC excess capacity from countries such as Venezuela, Nigeria and Iraq that have yet to hit their production potential—and probably won't anytime soon.
E&P Highlights: Nov. 4, 2024
Here’s a roundup of the latest E&P headlines, including a major development in Brazil coming online and a large contract in Saudi Arabia.
Brazil’s Mero-3 Offshore Development Reaches First Oil
With the start-up of Mero-3, the production capacity of the Mero field has reached 590,000 bbl/d.
E&P Highlights: Oct. 28, 2024
Here’s a roundup of the latest E&P headlines, including a new field coming onstream and an oilfield service provider unveiling new technology.
Baker Hughes to Supply Petrobras' Presalt Fields with Flexible Pipe Systems
Baker Hughes said the systems will look to address the issue of corrosion cracking from CO2, which can arise as gas is reinjected into wells.