The Latest

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.

E&P Highlights: May 28, 2024

Here’s a roundup of the latest E&P headlines, including production start up at a field using an innovative emissions reduction technology.

Exxon Mobil Keeps Its Options Open in Guyana and Globally

Exxon Mobil Guyana Ltd.’s President Alistair Routledge said the company is seeking resources offshore Guyana that compete financially within its portfolio.

TotalEnergies Makes FID on Kaminho Deepwater Project

TotalEnergies, in partnership with Petronas and Sonangol, said production is expected to begin in 2028 and reach a plateau of 70,000 bbl/d of oil.

E&P Highlights: May 20, 2024

Here’s a roundup of the latest E&P headlines, including development of the Belinda Field in the North Sea to new contract awards and service company acquisitions. 

Seadrill Sells Three Jackups for $338MM to Gulf Drilling International

Seadrill Ltd. is also selling its 50% equity interest in the joint venture that operates the rigs offshore Qatar.

Exclusive: Cost-effective Benefits of Extracting from Mature Assets

Baker Hughes' well abandonment leader Bart Joppe details the importance of extracting resources from mature assets and the company's approach to managing a well, in this Hart Energy Exclusive interview.

Time is Money: Shell Prioritizes Speed with Brownfield Strategy

Shell’s replicant strategy trades customization of the production unit for a sped-up cycle time for Whale, Sparta developments in the deepwater Gulf of Mexico.

Petrobras' Pioneering Tech Powers Decades-long, 2.9 Bboe Production

From discovery to revitalization, the deepwater Marlim Field offshore Brazil has driven development of technology while delivering more than 2.9 Bboe.