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Petróleo Brasileiro S.A. – Petrobras, following up on the announcements to the market issued on July 29, 2022 and August 5, 2024 on the extension of the gas discoveries in the Uchuva-1 and Uchuva-2 wells, renamed Sirius-1 and Sirius-2, informs that the gas potential in the discoveries located in the Guajira Offshore Basin, in Colombia,... Continue Reading →
(Reuters) - A ruling from a Colombian court that ordered the suspension of work at a major offshore gas well is a threat to the country's energy security, industry groups the Colombian Petroleum Association (ACP) and Naturgas said on Monday. In a court order dated Sept. 11, a judge said activities at well Uchuva-2, on the... Continue Reading →
By Bruce Beaubouef, Managing Editor (Offshore-mag.com) The “Big 3” offshore drillers – listed as Transocean, Noble Corp., and Valaris by Evercore ISI – are all reporting “strong offshore fundamentals and a robust outlook” that will likely stretch out to 2030, according to a recent report by the oilfield marketplace consulting firm. Evercore based its analysis... Continue Reading →
(Oilprice.com)U.S. shale producer Occidental Petroleum Corp. (NYSE:OXY) and Colombia's integrated energy company Ecopetrol S.A. (NYSE:EC) are planning to drill an offshore oil well off Colombia's waters in seas roughly 3,900 meters (close to 13,000 feet) deep before the year is out, Bloomberg has reported. Dubbed Komodo-1, the ultra-deepwater well will qualify as the deepest offshore oil well in the world, beating... Continue Reading →
Petrobras, following up on the release disclosed on 07/29/2022, informs that it has achieved the main target of the Uchuva-2 well, confirming the extent of the gas Discovery made in 2022 with the drilling of the Uchuva-1 well. This well adds relevant information for the development of a new frontier of exploration and production in... Continue Reading →
(Reuters) - Colombia's majority state-owned energy company Ecopetrol said on Friday that it is in talks with U.S. oil major Occidental Petroleum to possibly buy a stake in CrownRock. Ecopetrol, in a statement, did not include additional details and added that a final decision on the size of the stake and the amount it could pay were... Continue Reading →
(Zack's) Petrobras PBR, a Brazilian oil and gas company, in partnership with Colombia-based integrated oil and gas company Ecopetrol S.A. EC, has commenced the drilling of the Uchuva-2 well in the Tayrona block, located offshore Colombia’s Caribbean coast. This move is part of a broader strategy to boost Colombia's natural gas reserves and enhance the country's energy security.... Continue Reading →
By Matthew Smith for Oilprice.com In a controversial move, Colombia’s leftist President, Gustavo Petro, banned awarding new hydrocarbon exploration contracts. He also sought to ban hydraulic fracturing in the conflict-riven country, which is economically dependent on petroleum extraction. Those government policies, coupled with tax hikes for Colombia’s extractive industries along with a lack of major oil and... Continue Reading →
South America Offshore Wind 2024 is pleased to welcome more esteemed Speakers! Meet their teams in Rio, and Register Now. The second annual edition of this premier event will feature 400+ global leaders from 200+ different companies looking to contribute to the South American market. It will host 50+ industry leading presentations, and over a dozen catered networking... Continue Reading →
Brazil Energy Insight 