Krishna Godavari Basin News

 

Shearwater Nets Petrobras Contract for 3D Survey Off Suriname

Nov 05, 2024

Offshore seismic services specialist Shearwater Geoservices has secured a large 3D seismic survey from Petronas in Suriname.The project, covering 6,000 square kilometers, marks the continuation of Shearwater’s commitment to Petronas in this…

Exxon, Chevron Profits Beat Estimates as US Oil Output Soars to Record Level

Nov 04, 2024

U.S. oil producers Exxon Mobil and Chevron posted better-than-expected third-quarter profits on Friday, outperforming their European rivals, as record U.S. oil production cushioned the blow from a plunge in fuel margins.The two focused on expanding…

UK Ups Windfall Tax on North Sea Oil Producers

Nov 01, 2024

The British government will increase a windfall tax on North Sea oil and gas producers to 38% from 35% and extend the levy by one year, finance minister Rachel Reeves announced on Wednesday.Presenting the first budget under the new Labour government…

Ultra-Deepwater FPSO Starts Oil Production Offshore Brazil

Oct 30, 2024

Petrobras has achieved first oil with the Floating Production Storage and Offloading (FPSO) unit Marechal Duque de Caxias, one of the largest ultra-deepwater FPSOs in the world, installed at the Mero field in Santos Basin, offshore Brazil.The FPSO has the capacity to produce up to 180…

Chinese Firm Takes Minority Share from SBM Offshore in Mero Field FPSO

Oct 25, 2024

SBM Offshore has completed the divestment of a 13.5% ownership interest in FPSO Sepetiba, deployed at Petrobras’ Mero field offshore Brazil, to China Merchants Financial Leasing (Hong Kong) Holding Co (CMFL).SBM Offshore is operator of the FPSO…

Galp Spuds New Appraisal Well Offshore Namibia

Oct 25, 2024

Portuguese oil company Galp has started second exploration and appraisal campaign at Orange Basin block, offshore Namibia.The appraisal campaign is being conducted at blocks 2813A and 2814B, part of PEL 83 license, where Galp is the operator with 80% stake…

Viridien, SLB Conclude Multi-Client Survey in Australia's Bonaparte Basin

Oct 24, 2024

Viridien, formerly CGG, and SLB have completed the data acquisition for a multi-client survey in Bonaparte Basin, offshore Australia.Backed by the industry support and prefunding, the approximately 6,760 sq km ultramodern PSDM seismic data set…

Petrobras Inks Three Pelotas Basin Concession Contracts

Oct 14, 2024

Brazil’s state-owned oil and gas company Petrobras has signed three remaining concession contracts, acquired in partnership with Shell and CNOOC, in Pelotas Basin offshore Brazil.The concessions were acquired as part of the fourth Permanent Concession Offer Cycle…

Esgian Week 40 Report: TotalEnergies Sanctions New Development

Oct 06, 2024

Esgian highlights news from TotalEnergies in its Week 40 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesThe Norwegian Ocean Industry Authority (Havtil) has given Aker BP consent to use the 492-ft jackup Noble Invincible…

Petrobras Confirms Magnitude of Gas Discovery in Colombia

Oct 04, 2024

Brazil’s state-owned oil giant Petrobras has informed that the gas potential of the discoveries in the Gujaira Basin offshore Colombia is around 6 trillion cubic feet (Tcf).The gas discoveries in the Uchuva-1 and Uchuva-2 wells, renamed Sirius-1 and Sirius-2…

Petrobras to Buy Stake in Oil and Gas Block Offshore South Africa

Oct 02, 2024

Brazilian state-run oil company Petrobras has received approval from its board to acquire a 10% stake from TotalEnergies in Deep Western Orange Basin (DWOB) block, offshore South Africa.The DWOB block is located in deep waters in the Orange Basin…

PRIO Buys Peregrino Oil Field Stake in $1.92B Deal with Sinochem

Sep 27, 2024

Brazilian oil and gas company PRIO has signed a sale and purchase agreement with SPEP Energy Hong Kong Limited and Sinochem International Oil for the acquisition of 40% interest in the Peregrino and Pitangola fields in the Campos Basin, offshore Brazil…

BP Sets Eyes on India’s Oil and Gas Opportunities

Sep 25, 2024

Global energy major BP said on Wednesday it is holding a board meeting in India this week, as it scouts for more opportunities in the country.India, the world's third-biggest oil importer and consumer, wants to quickly raise its oil and gas output…

MDL to Support Maersk Supply Service for Work at Mero Field Off Brazil

Sep 24, 2024

Maersk Supply Service has awarded Scottish flex-lay specialist Maritime Developments (MDL) a solution-development scope in the Mero block in the Santos Basin, offshore Brazil.The scope entails the development of an integrated spread of equipment…

Upstream Electrification Could Cut 80% of O&G Production Emissions, Rystad Finds

Sep 19, 2024

Oil and gas production facilities could reduce more than 80% of associated emissions if converted to run on electricity powered by renewables or natural gas that would otherwise be flared, according to a new report from Rystad Energy.Fully electrified…

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