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Italian oil company Eni on Wednesday announced a major oil discovery in block CI-101 offshore Ivory Coast. "The potential of the discovery can be preliminarily estimated at between 1.5 and 2.0 billion barrels of oil in place and between 1.8 and 2.4 trillion cubic feet (TCF) of associated gas," Eni said. The discovery well has... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 12/21/2018, informs that it has finalized the transfer of rights of its 10% interest in the Lapa field to TotalEnergies. The operation, which also involves the assignment of the totality of the interest held by Petrobras Netherlands B.V. (PNBV) in Lapa Oil &... Continue Reading →
(PetroNoticias) The Administrative Council for Economic Defense (CADE) approved the sale of Petrobras' 62.5% stake in the Papa-Terra field to 3R Petroleum. The $105.6 million transaction was announced in July this year. Of the total, US$ 6 million were paid in cash, while another US$ 9.6 million will be paid when the deal is closed.... Continue Reading →
U.S. oil major ExxonMobil has spudded the Sapote-1 well on the Canje Block, offshore Guyana. This is the company's third well in the block drilled this year. The first two wells, Bulletwood-1 and Jabillo-1, failed to find evidence of commercial hydrocarbons. The news of the drilling startup was shared by Eco Atlantic, which, in turn, was informed of... Continue Reading →
The Program for the Improvement of Oil and Natural Gas Exploration and Production Tenders (BidSIM) came to the conclusion that it is "urgent" to change the law to allow the concession regime within the so-called pre-salt polygon . According to the final reports of the program, the measure is necessary to increase the attractiveness of... Continue Reading →
(Offshore) Cyber defense provider Naval Dome and a major international operating company have completed a joint two-year project to identify and mitigate cyber risks common to deepwater drilling rigs. The project’s findings indicate that the minimum industry guidelines, regulations, and security techniques are out of step with current platform technology, connectivity requirements, and cyber-attack methodology. It culminated in... Continue Reading →
(PetroNoticias) Petrobras started drilling a wildcat well in the Aram block, in the pre-salt of the Santos Basin. The activity is being carried out in a water depth of 1,904 meters by the drillship Brava Star, from Constellation. The information was released by the National Petroleum Agency (ANP). The Aram block is operated by Petrobras... Continue Reading →
(PetroNoticias) Saipem presents best price in the tender for the contracting of the subsea collection system for Buzios 6. The Italian company presented the best offer in the tender for the production collection system and anchoring services for the FPSO Almirante Tamandare, the sixth production unit in the Buzios field. The tender had a total... Continue Reading →
Oil major ExxonMobil is preparing to start drilling operations on its third well in the Canje Block offshore Guyana this year, using a Stena Drilling-owned drillship. In an update on Thursday, Westmount Energy noted the announcement by the Maritime Administration Department, Guyana, dated 25 August 2021, that the Stena DrillMAX drillship will start drilling operations at... Continue Reading →
(World Oil) Operators are strategically navigating the changing dynamics of the energy market with continued investment in the floating offshore sector. The offshore energy market is in flux. Economic effects from the Covid-19 pandemic, changing global attitudes toward energy, and the growing importance of ESG matters have disrupted the ways that companies do business. Although... Continue Reading →
