From a milestone at Atlanta Phase 1 to new contracts, below is a compilation of the latest headlines in the E&P space.
Activity headlines
Atlanta Phase 1 Milestone Reached
Enauta Participações SA said Feb. 5 that it had reached milestones on its Atlanta Phase 1 project offshore Brazil in January.
The early system is fully producing, with three wells in operation averaging more than 21,000 boe/d.
On Jan. 21, the first subsea multiphase pumping system (MPP), manufactured by OneSubsea, was loaded in Norway bound for Brazil. The MPP will be installed to support Atlanta’s oil and gas production and its on-scheduled delivery highlighted one of the key challenges to reach the FPSO Atlanta’s first oil schedule by August 2024.
Contracts and company news
Saipem Reports Castarone Incident
Saipem reported an early morning Jan. 30 incident on the Castorone pipelay vessel off the waters of Australia during normal pipelay operations.
Saipem said there were no injuries. Saipem said the vessel didn’t sustain major damage but reported localized damage to the trunkline. Saipem said the damage will be remediated.
In a follow-up release, Saipem said a buckle occurred while laying pipeline. An initial investigation indicated a software anomaly could be the cause.
Titania Jackup Wins Work offshore Mexico
Paratus Energy Services Ltd. announced Feb. 1 that SeaMex Holdings Ltd. and related subsidiaries won a one-year contract for the Titania jackup in Mexico from an unnamed customer.
The new contract will contribute approximately $55 million in backlog and is expected to begin in mid-February 2024.
TGS, SLB for GoM OBN Acquisition
TGS, in collaboration with SLB, announced on Feb. 5 the Engagement 5 Ocean Bottom Node (OBN) multi-client acquisition in the U.S. Gulf of Mexico.
The seventh program within the seismic joint venture involves the acquisition of 157 Outer Continental Shelf blocks covering 3,650 sq km through a long offset, sparse OBN survey that will start in the first quarter of 2024.
The expansion of data coverage in the eastern region of Green Canyon will adjoin with prior phases, establishing a continuous coverage area spanning over 23,000 sq km from the Mississippi Canyon area in the east to the Garden Banks area in the west.
The project is supported by industry funding.
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CGG to Change Name to Viridien
2024-05-17 - The company’s new ticker symbol will be “VIRI” and listed on Euronext Paris, effective May 21.
Sector’s Appetite for Capital Remains Amid Consolidation Frenzy, Panelists Say
2024-05-17 - There’s still an appetite for capital in the oil and gas sector—companies just need to think creatively to find it, a number of panelists said during SUPER DUG in Fort Worth, Texas.
SilverBow Resets Shareholder Meeting After $2.1B Crescent Deal
2024-05-16 - SilverBow Resources said it will adjourn its May 21 shareholders’ meeting until May 29 following Crescent Energy’s agreement to buy the Eagle Ford operator.
Blue Racer Midstream Prices Senior Notes Offering
2024-05-15 - Net proceeds from the sale of senior notes will be used to pay off debt and other general corporate purposes.
Petrobras CEO Prates to Step Down
2024-05-15 - Brazil’s President Luiz Inácio Lula da Silva has requested that Petrobras CEO Jean Paul Prates resign following a dispute over dividend payments.