E&P Highlights: July 22, 2024
Here's a roundup of the latest E&P headlines, with LLOG acquiring 41 blocks in the Gulf of Mexico and Saipem securing $500 million in contracts from Saudi Aramco.
Equinor Subsidiary Contracts Valaris Drillship Offshore Brazil
Valaris and Equinor Energy do Brasil’s multi-year contract is valued at approximately $498 million.
E&P Highlights: June 17, 2024
Here’s a roundup of the latest E&P headlines, including Woodside’s Sangomar project reaching first oil and TotalEnergies divesting from Brunei.
Sea Power: Noble’s Deal Fires Major Volley in Offshore, Services M&A
Noble Corp.’s $1.6 billion acquisition of Diamond Offshore Drilling may seem like small potatoes compared to the upstream sectors’ massive megadeals, but service sector consolidation could snowball, analysts said.
Trendsetter to Deliver Subsea Manifolds Offshore Brazil to Trident Energy
The subsea contract follows Trendsetter establishing local facilities in Brazil.
Oceaneering Secures Contract with Petrobras for Offshore Brazil
Oceaneering International Inc. will supply steel tube and thermoplastic electro-hydraulic umbilicals and associated subsea distribution hardware to projects offshore Brazil.
Petrobras to Reactivate ANSA Fertilizer Plant in Southern Brazil
Brazil’s state-owned Petrobras looks to restart operations at its Araucária Nitrogenados fertilizer plant, located in Brazil’s state of Paraná, in the second-half of 2025.
PGS Gets Greenlight to Begin Surveying for Petrobras 4D Contract
After a long permitting process, PGS has secured the last permit needed to begin its large 4D survey contract with Petrobras at the Barracuda-Caratinga field offshore Brazil.
Petrobras Awards Subsea 7 a Large Contract Offshore Brazil
Under the contract, which is valued at over $1.25 billion, Subsea 7 will develop the Búzios 9 field in Brazil’s Santos Basin.
TotalEnergies FIDs Two Developments Offshore Brazil
TotalEnergies took FID for two developments offshore Brazil in the prolific Santos Basin where the French energy giant expects its equity production to soon exceed 200,000 boe/d.