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.
E&P Highlights: Oct. 21, 2024
Here’s a roundup of the latest E&P headlines, with a large contract announced offshore Gulf of Mexico and strategic partnerships aimed at optimizing oilfield production.
CNOOC Signs Four Concession Contracts for Exploration Offshore Brazil
CNOOC's contracts with Brazil span approximately 2,600 sq km, with water depths ranging from 600 m to 3,000 m.
Mattr Sells Brazilian Pipe Coating Business to Vallourec for $17.5MM
Vallourec Tubular Solutions will acquire 100% of the shares of Thermotite, Mattr’s last remaining pipe coating business.
Petrobras to Add Two FPSOs Offshore Brazil in Second-half 2024
Petrobras will bring online 280,000 bbl/d of production capacity in the second-half 2024 with the addition of two FPSOs offshore Brazil.
E&P Highlights: Aug. 5, 2024
Here’s a roundup of the latest E&P headlines, including new oil discoveries and an implementation of AI technology in operations offshore United Arab Emirates.
Petrobras’ 2Q Production Rises 2.4% YOY to 2.7 MMboe/d
Brazil’s state-owned Petrobras reported average production of 2.7 MMboe/d in second-quarter 2024 as offshore production continues to ramps up.