ExxonMobil will start a new exploration campaign off the Brazilian coast. The company received the authorization from Ibama (Brazilian Environmental Institute) to drill wells in blocks BM-C-753, BM-C-789, BM-S-536, BM-S-647 and Titã, located in the Campos basins and Santos. The license granted by the environmental agency will last for four years. With the authorization in... Continue Reading →
Shell Buys 50% Stake In Natural Gas Blocks From Colombia’s Ecopetrol
Royal Dutch Shell has acquired a 50% operating stake in the Fuerte Sur, Purple Angel and COL-5 blocks, located in deep water off the Colombian Caribbean coast, from Colombia’s state-owned oil company, Ecopetrol. Shell’s (RDS.A) involvement is seen as a great opportunity for Colombia to develop its energy potential in a safe and efficient manner.... Continue Reading →
ExxonMobil Reaches Liza-1 Well Production Goal in Guyana
Exxon Mobil Corporation XOM recently reached a milestone, as the Liza-1 well in Stabroek block offshore Guyana met the original target of 120,000 barrels of oil per day (bpd) production at the site. A glitch in the re-injection process and equipment delays deferred the achievement of the milestone. Moreover, the coronavirus pandemic delayed the commissioning of... Continue Reading →
Talos Energy, Pemex Continue Talks over Zama Offshore Discovery
Mexico's energy ministry has approved a 60-day extension for talks between state oil company Pemex and a private consortium led by U.S.-based Talos Energy Inc over the future of a massive shared crude deposit, Talos chief executive Tim Duncan told Reuters on Tuesday. The energy ministry's previous deadline for a deal on an initial so-called... Continue Reading →
Petrobras to take over BP block operation in Foz do Amazonas
Petrobras will take over the operation of block FZA-M-59, in the Foz do Amazonas Basin, and will be the main operator responsible for the areas contracted in deep waters in the region in 2013, in the 11th round. The information is from the National Agency of Petroleum, Gas and Biofuels (ANP), which approved the change... Continue Reading →
MODEC develops new offshore repair method for FPSO hulls
Japan’s FPSO specialist MODEC in December 2020 obtained approval by the American Bureau of Shipping (ABS) for the new offshore repair method for hull structures of floating oil and gas production facilities such as floating production storage and offloading (FPSO) vessels as an original standard repair method. Diagram of new offshore repair method; Source: MODEC... Continue Reading →
SBM Offshore, Shell Extend Brazil FPSO Term. SBM in Talks with Exxon Over Guyana Extensions
Oil giant Shell has extended the contract for the lease of SBM Offshore's Espirito Santo FPSO in Brazil. SBM Offshore is also in talks with ExxonMobil to extend the FPSO terms in Guyana. The Dutch FPSO operator said Wednesday that the lease and operation contracts with Shell of the FPSO Espirito Santo would be extended... Continue Reading →
VERÔNICA COELHO WILL ASSUME THE PRESIDENCY OF EQUINOR IN BRAZIL AS OF FEBRUARY
The company announced on Tuesday news of chances in the high command in Brazil. The executive Veronica Rezende Coelho will start as president of the company in Brazil as of February 1st. She will assume the role that is being performed on an interim basis by Leticia Andrade, who has been in command since the... Continue Reading →
Petrobras on new well in Búzios field
Petróleo Brasileiro S.A. – Petrobras informs that it has confirmed oil of excellent quality with the drilling of well 9-BUZ-48D-RJS, located in the extreme northwest of Búzios field in the Santos Basin. The well is located 188 km from the city of Rio de Janeiro and was drilled at a water depth of 1,850... Continue Reading →
ENAUTA TAKES THE TOTALITY OF THE ATLANTA FIELD AND WILL LAUNCH TENDER TO CONTRACT A NEW FPSO
The oil company announced to its shareholders this morning that it will assume the entire stake in the Atlanta Field, in the BS-4 block of the Santos Basin. Looking to the future, the company is now preparing to start a bidding process to contract the definitive FPSO for the field - which today has an... Continue Reading →
