TechnipFMC Wins High-Pressure Separation Contract for Mero 3
The Mero 3 HISEP project will capture and inject CO2 subsea for the Petrobras-operated pre-salt field offshore Brazil.
Mero-2 Begins Second Phase Production in Brazil
With Petrobras’ Mero-2 coming online, the Mero field is expected to reach a production capacity of over 410,000 bbl/d of oil.
EIG to Buy Brazil’s Ocyan for $390 Million
EIG’s purchase of service company Ocyan Participações will give it control over Brazil’s only FPSO operator.
E&P Highlights: Dec. 11, 2023
Here’s a roundup of the latest E&P headlines, including a court ruling in favor of Welltec and new contract awards.
Field Digital Twin Planned for Pre-salt Mero Field
Halliburton is working with Libra Consortium, led by Petrobras, to develop the twin, which will allow the consortium to run “what if” scenarios.
What's Affecting Oil Prices This Week? (Dec. 11, 2023)
For the upcoming week, Stratas Advisors predicts there will be more attention on the geopolitical developments, however there is still a risk that conflict will expand.
E&P Highlights: Dec. 4, 2023
Here’s a roundup of the latest E&P headlines including a number of field development project contract awards.
What's Affecting Oil Prices This Week? (Dec. 04, 2023)
At the meeting OPEC+ agreed to reduce its oil production by another 700,000 bbl/d – which will come from Iraq, UAE, Kuwait, Kazakhstan, Algeria and Oman.
Oil Falls Over 2% After OPEC + Cuts Fall Short Of Expectations
Saudi Arabia, Russia, Kuwait, Kazakhstan and Algeria were among producers who said cuts would be unwound gradually after the first quarter, market conditions permitting.
Petrobras Eyes Capex of $102B Under New Strategic Plan
Petrobras plans to invest $102 billion between 2024-2028 under its new strategic plan, up 31% compared to their 2023-2027 plan, aiming to achieve production of 3.2 MMboe/d by the end of the five-year timeframe.