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(Reuters) Brazil's environment protection agency Ibama is expected to decide by early next year if state-run oil company Petrobras PETR4.SA can drill near the mouth of the Amazon River, Ibama's president Rodrigo Agostinho said on Wednesday. The area is part of Brazil's Equatorial Margin, which Petrobras considers its most promising new frontier for oil and... Continue Reading →
Wilson Sons, a leader in port and maritime logistics in Brazil, signed a contract with Beyond Petroleum (BP) to provide logistical support for drilling activities in the Pau Brasil block, through one of its Rio Offshore Supply Base, in Guanabara Bay. The contract with BP, a world leader in oil and natural gas exploration, development... Continue Reading →
(OET) AIM-listed and Canada-headquartered oil and gas company Eco (Atlantic) Oil & Gas is embarking on a search for new partners, after expanding its interest in a block offshore Guyana, thanks to the green light for the acquisition of Tullow Oil’s entire interest in Tullow Guyana (TGBV), which includes the Orinduik license and operatorship of... Continue Reading →
(Reuters) - Ecuador state oil company Petroecuador said on Monday it plans to shut down a large drilling project in the Yasuni ecological reserve in the Amazon rainforest next August, following a referendum to end it to protect nature and indigenous people. Petroecuador CEO Reinaldo Armijos told reporters the company has a plan for the... Continue Reading →
(OM) Dril-Quip has installed its first 18-inch by 22-inch XPAK-De expandable liner hanger in a deepwater Santos Basin presalt exploration well. Petrobras operates the well for the Sagitario location, in partnership with Repsol Sinopec Brasil and Shell. Dril-Quip describes its XPAK-De range as premium liner hangers that can provide technical ratings beyond those of the liner pipe... Continue Reading →
(OE) Oilfield services players Halliburton and Oil States Industries have entered into a strategic collaboration that combines their technologies to provide deepwater managed pressure drilling (MPD) solutions. According to Halliburton, MPD provides operators with improved control when navigating narrow pressure windows compared to conventional drilling and the collaboration between Halliburton and Oil States will provide operators... Continue Reading →
(OE) Offshore drilling contractor Noble Corp. on Tuesday released a fleet status report, according to which the company has secured contracts for six offshore drilling rigs since its previous fleet report issued on August 2, 2023. The company has secured contracts for three drillships—the Noble Valiant, Globetrotter I, and Globetrotter II—and three jack-up drilling rigs—the... Continue Reading →
(PN) Petrobras informed the National Petroleum Agency (ANP) that it found new signs of oil in well 3-BRSA-1388DA-SPS, located in block S-M-623, where the Sagitario prospect is located. The discovery took place in a water depth of 1,866 meters, in the pre-salt of the Santos Basin. The first discoveries of signs of oil in block... Continue Reading →
(OE) Offshore drilling firm Transocean posted a net loss of $220 million for the third quarter of 2023, on revenues of $713 million. Net loss was higher compared to $165 million in the second quarter of 2023. Contract drilling revenues for the three months ended September 30, 2023 decreased sequentially by $16 million to $713... Continue Reading →
(Reuters) An appraisal well drilled by a consortium led by Exxon Mobil in Guyana has resulted in a "significant discovery" of oil and gas, the South American country's energy ministry said on Thursday. The Lancetfish-2 well results mark the fourth offshore discovery in the country this year, and brings the total number of discoveries from... Continue Reading →
Brazil Energy Insight 