Brought to you by Quest Offshore & Southern Cone Consultants
Industry continues chasing big oil, key gas targets also on the radar (OE) Global exploration drilling is set for a boost in 2024 – we have line of sight on over 200 wells targeting over 30 bnboe of resource (unrisked). Several gas hotspots are on the industry agenda, whilst the strong appetite for oil exploration... Continue Reading →
(Reuters) Brazilian oil company Enauta said on Monday it acquired the entire 23% stake held by QatarEnergy Brasil Ltda in some oil fields in the Campos Basin for a total value of $150 million. In a securities filing, the company said that the transaction to acquire a stake in the Abalone, Ostra, and Argonauta oil fields, components of the so-called... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has started drilling the Pitu Oeste (RN) well today, which marks the resumption of the company's search for oil and gas in the Equatorial Margin, a region that stretches along the Brazilian coast from the state of Rio Grande do Norte to Amapá. The drilling of the... Continue Reading →
(Reuters) - Equinor (EQNR.OL) has secured stakes in two more oil exploration blocks offshore Angola as it seeks to extend its presence in the country, the head of the Norwegian company's Africa operation said in a statement on Friday. Equinor is reshaping its international portfolio, announcing a sale on Friday of all assets in Azerbaijan while deepening its commitment... Continue Reading →
(OE) Offshore drilling contractor Seadrill on Friday announced that Petrobras has awarded 1,064-day fixed-term contracts to each of the West Auriga and the West Polaris in Brazil. The contracts are expected to commence in the fourth quarter of 2024 and represent total contract value of approximately $1.1 billion, inclusive of additional services and mobilization fees,... Continue Reading →
(OE) Brazilian oil and gas company Enauta has bought FPSO Cidade de Santos platform from MODEC, following the acquisition of the Uruguá and Tambaú fields in Santos Basin. The transaction for the FPSO, capable of processing 350 million cubic feet per day of gas, 25,000 barrels of oil per day, and has a storage capacity... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 09/08/2021, 10/27/2021 and 03/29/2023, informs that it has signed today, with Enauta Energia S.A. ("Enauta"), contracts for the assignment of its entire stake in the Uruguá and Tambaú fields, in deep waters in the post-salt, located in the Santos Basin. The amount to... Continue Reading →
(PN) The Norwegian oil company Equinor signed a letter of intent with the Brazilian construction company Azevedo & Travassos (A&T) for the works on the 4.5 km onshore section of the gas pipeline that will transport production from the Raia Project, in the Campos Basin. Construction will be carried out in Macaé (RJ), under the... Continue Reading →
(OE) Offshore drilling company Valaris has taken delivery of newbuild drillships VALARIS DS-13 and DS-14 for an aggregate purchase price of approximately $337 million. VALARIS DS-13 and DS-14 will be mobilized from South Korea to Las Palmas in Spain, where the rigs will be stacked until they are contracted for work. The purchase of the... Continue Reading →
Shell Offshore Inc., a subsidiary of Shell plc, today announced the Final Investment Decision (FID) for Sparta, a deep-water development in the U.S. Gulf of Mexico that represents our competitive approach to simplifying and replicating projects. Owned by Shell Offshore Inc. (51% operator) and Equinor Gulf of Mexico LLC (49%), Sparta is expected to reach a... Continue Reading →
Brazil Energy Insight 