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(ofshore-energy.biz) Isle of Man-headquartered oil and gas player Challenger Energy Group (CEG) is carrying out a data reprocessing program at a shallow water exploration block off the coast of Uruguay, expected to back a formal farm-out process anticipated to commence in mid-2025. A program of reprocessing work is underway at the AREA OFF-3 block to secure... Continue Reading →
Shearwater Geoservices Holding AS (“Shearwater”) has been awarded a large 3D seismic survey by PETRONAS in Suriname. The project, covering 6,000 square kilometres, marks the continuation of Shearwater’s commitment to PETRONAS in this frontier area having previously performed acquisition work in Block 52. The Amazon Warrior has been allocated to the three-month project, commencing in... Continue Reading →
(Reuters) - Guyana and Suriname could supply 12 million metric tonnes of liquefied natural gas annually at a competitive price by the next decade, according to a report by Wood Mackenzie on Monday. LNG demand is expected to spike by the end of the decade as industries switch from highly polluting coal to gas, which can cut... Continue Reading →
The board of the National Petroleum Agency (ANP) approved the inclusion of 25 exploratory blocks in the list of those being studied for possible inclusion in the Permanent Concession Offer (OPC). In total, the blocks represent an area of approximately 18 thousand km² and are geographically located in the SC-AUP1, SC-AUP2 and SC-AP1 sectors of... Continue Reading →
(offshore-energy.biz) OneSubsea, a company majority-owned by SLB, has installed three pump stations at a field offshore Brazil operated by BRAVA Energia, an oil and gas player formed following the merger of Brazil’s 3R Petroleum and Enauta. The field’s floating, production, storage, and offloading (FPSO) unit is expected to start production soon. According to the SLB-led... Continue Reading →
(Reuters) - Exxon Mobil on Friday beat Wall Street's third quarter profit estimate, boosted by strong oil output in its first full quarter that includes volumes from U.S. shale producer Pioneer Natural Resources. Oil industry earnings have been squeezed this year by slowing demand and weak margins on gasoline and diesel. But Exxon's year-over-year profit fell 5%,... Continue Reading →
(PN) Recently, Petrobras began drilling a new well in the Buzios Field, in a water depth of 1,939 meters, using the Carolina drillship. The information was made available by the National Petroleum Agency (ANP). The new well was given the technical name 9-BUZ-99D-RJS. The nomenclature beginning with the number 9 indicates that this is a... Continue Reading →
The FPSO Marechal Duque de Caxias (Mero 3) began producing oil and gas this Wednesday, October 30, in the Mero field, Libra block, in the pre-salt layer of the Santos Basin. The unit has the capacity to produce up to 180 thousand barrels of oil and compress up to 12 million cubic meters of gas,... Continue Reading →
(OM) Petrobras says the first production well has been hooked up to the FPSO Marechal Duque de Caxias at the Mero field in the presalt Santos Basin offshore Brazil. Preparations for startup are now in the final phase. The FPSO, the third permanent production platform over the field, is designed to produce up to 180,000 bbl/d of oil and 12MMcm/d... Continue Reading →
(OM) Challenger Energy has completed the transfer of a 60% interest in the AREA OFF-1 block offshore Uruguay to Chevron subsidiary Chevron Mexico Finance LLC, Sucursal Uruguay. All approvals for the transaction have come through from the Uruguayan regulatory authorities. Challenger has received a cash payment of $12.5 million and retains a 40% interest in the block, with Chevron... Continue Reading →
Brazil Energy Insight 