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(Reuters) Guyana and the Dominican Republic are making progress on accords for offshore oil and gas exploration and to build a fertilizer plant and potentially a refinery in the South American country, Dominican President Luis Abinader said on Tuesday. The countries signed a memorandum of understanding in 2023 to work on energy projects. The Caribbean country is interested in exploring Guyana's... Continue Reading →
(Reuters) A consortium led by U.S. major Exxon Mobil plans to produce up to 180,000 barrels per day (bpd) of oil and 95 million cubic feet per day (mmcfd) of gas at its seventh project in Guyana, Hammerhead, according to a document published by the country's environmental agency on Monday. The Exxon group, in which... Continue Reading →
Petrobras informs that it has confirmed the presence of oil with the drilling of well 9-BUZ-99D-RJS, located in the western region of the Búzios field. This is a new accumulation in a zone below the main reservoir. The well is located 189 kilometers off the coast of Rio de Janeiro and was drilled at a... Continue Reading →
(offshore-energy.biz) Brazil’s deepwater offshore drilling contractor Ventura Offshore has struck a deal with Umas 1 as the seller of a semi-submersible rig the firm decided to acquire last year to make a lump sum payment as a final settlement. Ventura Offshore Midco disclosed at the end of June 2024 the acquisition of the SSV Catarina, the... Continue Reading →
(offshore-energy.biz) Four mobile offshore drilling units (MODUs), made up of drillships owned by Noble Corporation and Stena Drilling, have buckled down and resumed hydrocarbon exploration at the Stabroek block off the coast of Guyana, enabling ExxonMobil Guyana, a subsidiary of America’s oil major ExxonMobil, to stay the course and continue searching for more oil and... Continue Reading →
(oilnow.gy) High impact exploration drilling is expected to remain stable in 2025, with 65-75 wells targeted for completion, compared to 69 in 2024. In this regard, South America could see 17 of these wells being drilled, making it the busiest region globally this year. This is according to energy market research and intelligence group, Westwood... Continue Reading →
(offshore-energy.biz) Australia’s oil and gas company Karoon Energy is expected to make up its mind around April 2025 about moving forward with the next stage of development, which represents the entry into front-end engineering design (FEED), for an oil field discovery in the Santos Basin off the coast of Brazil. While Karoon hired a rig... Continue Reading →
(Reuters) - Colombian energy company Ecopetrol said on Monday it has reached an agreement to renew its oil joint venture with Occidental Petroleum in the U.S. Permian basin in Texas. There had been uncertainty over the future of the joint venture after Ecopetrol, which is majority state owned, backed out of a separate deal last August to acquire $3.6... Continue Reading →
(OE) Energy technology company Baker Hughes has secured a contract from ExxonMobil Guyana to provide specialty chemicals and related services for its Uaru and Whiptail offshore greenfield developments in Guyana’s Stabroek Block The multi-year contract includes all topsides, subsea, water injection and utility chemicals for the Errea Wittu and Jaguar floating production storage and offloading... Continue Reading →
U.S. oilfield services firm Halliburton has secured a contract from Petrobras for integrated drilling services across several offshore fields in Brazil. The contract scope includes drilling services for development and exploration wells over a three-year period. The contract, expected to begin in 2025, represents Halliburton’s largest service contract with Petrobras, the company said, without revealing... Continue Reading →
Brazil Energy Insight 