Brought to you by Quest Offshore & Southern Cone Consultants
(PN) Petrobras took a new step in its exploration program in the Espírito Santo Basin. The company started drilling well 1-BRSA-1391-ESS, in block ES-M-596, in a water depth of 2,100 meters. The activity is being carried out with the Norbe IX drillship, from Foresea, according to information from the National Petroleum Agency (ANP). The ES-M-596... Continue Reading →
(OET( France’s energy giant TotalEnergies is going full steam ahead with its plans to take a final investment decision (FID) for a large oil project in Block 58 off the coast of Suriname by the end of 2024. Following the appraisal of two main oil discoveries – Sapakara South and Krabdagu – in Block 58, combined recoverable resources of close to 700... Continue Reading →
(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported fourth quarter 2023 results. President and Chief Executive Officer Anton Dibowitz said, "We continue to execute on our operating leverage by repricing rigs from legacy day rates to meaningfully higher market rates and successfully delivering reactivated rigs with attractive contracts. At the same time,... Continue Reading →
Despite suffering an adjusted net loss of $74 million during fourth-quarter 2023, offshore drilling company Transocean is in the midst of an upcycle, which CEO Jeremy Thigpen presciently predicted in the company’s third-quarter 2023 earnings call. Now it just needs to pay off. After a tough fourth quarter, Transocean expects to see a meaningful increase in demand for “longer-duration... Continue Reading →
(OE) U.S. oilfield services giant Baker Hughes has secured a ‘significant contract’ from Petrobras for integrated well construction services in the Búzios field, offshore Brazil. The integrated services project is set to start in the first half of 2025 and will include drilling services, drill bits, wireline, cementing, wellbore clean up, fishing, remedial tools, fluids, services and... Continue Reading →
(OGJ) Equinor in April will begin drilling the Argerich-1 exploration well in the CAN 100 block in the North Argentinian basin, offshore Argentina. The well will be drilled 315 km from the port of Mar del Plata by the Valaris DS-17 drillship in 1,527 m water depth. It will be the first to be drilled... Continue Reading →
(PN) While still awaiting approval to drill in the Foz do Amazonas Basin, Petrobras is advancing its exploratory program at another point in the so-called Equatorial Margin. This month, the company began drilling a new well in block POT-M-762, in the Potiguar Basin, 79 km off the coast of the state of Rio Grande do... Continue Reading →
(OET) Offshore drilling contractor Valaris has landed a batch of new contracts and extensions across multiple geographies with Petrobras, Equinor, Harbour Energy, TotalEnergies, Shell, Ithaca Energy, Eni, undisclosed operators, and Anadarko Petroleum Corporation, a wholly-owned subsidiary of Occidental (Oxy). These deals will enable three floaters and six jack-ups in the rig owner’s fleet to undertake... Continue Reading →
(OE) Wintershall Dea and its partners TotalEnergies and Pan American Energy have completed the installation of the Fénix platform offshore Argentina. The platform was installed around 60 kilometer off the coast of Tierra del Fuego, in 70-meter water depth. Given the size of the project, the logistics and the installation of the 4,800-ton platform were... Continue Reading →
(Reuters) - Mexican tycoon Carlos Slim is interested in increasing his investments in the oil sector, including in U.S.-based Talos Energy's (TALO.N), opens new tab projects, after the billionaire businessman bought a stake last year in a major offshore project discovered by Talos. Speaking at a press conference, Mexico's richest person signaled he would like to grow... Continue Reading →
Brazil Energy Insight 