Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) Equinor plans to expand its oil production in Brazil more than fivefold over the next decade, while also eyeing green energy projects, especially in offshore wind power, an executive for the Norwegian energy giant said on Tuesday. The company aims to boost output to more than 500,000 barrels of oil equivalent per day (boed)... Continue Reading →
(OE) Frontera Energy Corporation, in partnership with CGX Energy, said Tuesday it had reached total depth (TD) of 20,450' on the Wei-1 bypass exploration and appraisal well (Wei-1BP1), offshore Guyana. The original Wei-1 wellbore reached a depth of 19,142'. A bypass well (Wei-1BP1) was drilled from 18,757' to total depth (TD) and penetrated the primary... Continue Reading →
(PH) Angelica Ruiz took charge of bp in Brazil just three months ago, but she already has a lot of work ahead of her. The executive, who accumulates the position of VP of Latin America, has the challenge of leading the operation of a company that, present in the country since 1957, operates in the... Continue Reading →
(OP) For nearly two decades, South America’s largest economy Brazil has been reaping a tremendous economic windfall from a massive oil boom that kicked off with the first offshore ultra deep-water pre-salt discovery in 2006. The boom nearly collapsed as corruption, mismanagement and malfeasance saw national oil company Petrobras laden with so much debt it was almost... Continue Reading →
The drillship DS-17, owned by Valaris, arrived off the coast of Rio de Janeiro to begin its exploratory campaign in the Bacalhau field, in the Santos Basin. This will be the second exploratory rig in operation in the field – the first of which, West Saturn, began activities in November last year. The DS-17 is... Continue Reading →
Active floating drilling rig utilization has rebounded from a low of 65% in 2018 to over 85% in 2023, energy intelligence group Wood Mackenzie said Monday, adding that the growth in demand and rates could even spur construction of new offshore rigs. "According to Woodmac, the number of contracted ultra-deepwater (UDW) benign rigs has returned... Continue Reading →
(OET) UK-headquartered oil and gas company Tullow Oil is mulling over all options for its interest in an oil field located offshore the Ivory Coast. This comes after BW Offshore secured a short-term contract extension for one of its floating, production, storage and offloading (FPSO) vessels, which is working at the field. As Tullow Oil’s... Continue Reading →
Dril-Quip has installed an 18 ¾-inch BigBore IIe, its newest subsea wellhead system, for the Petrobras Exploratory project in the Aram Block in the Santos Basin offshore Brazil. Water depth is 2,002 m. According to Dril-Quip, the system’s sealing technology is qualified to the latest Petrobras standards. It is designed to reduce costs through dispensing... Continue Reading →
(Reuters) - A Guyana Appellate Court judge on Thursday temporarily stayed a lower court's order requiring Exxon Mobil (XOM.N) and partners in offshore oil production to provide an unlimited guarantee to cover potential oil spills. The stay lifts a cloud over oil production at the nation's first offshore oil platform. Exxon had said that if the stay... Continue Reading →
(PN) OneSubsea, which is part of the SLB group (formerly Schlumberger), signed a new contract for the supply of subsea equipment for Petrobras. The new agreement encompasses the delivery of 15 wet Christmas trees and electro-hydraulic distribution units in phase 11 of the Buzios field, in the Santos Basin. The contract has an estimated value... Continue Reading →
Brazil Energy Insight 