Brought to you by Quest Offshore & Southern Cone Consultants
(Bloomberg) – Venezuela said it would respond in a “forceful” way to Exxon Mobil Corp.’s plans to drill in the disputed Essequibo region off the coast of Guyana. Venezuelan Defense Minister Vladimir Padrino said that Exxon’s plan to drill exploration wells in the region will be met with a “proportional, forceful and rightful response,” according to a... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, further to the announcement made on 27/12/2023, informs that it has concluded the acquisition of stakes in the 3 exploratory blocks 10, 11 and 13, in São Tomé and Príncipe, Africa, and has signed amendments to the production sharing contracts and Joint Operating Agreements and became part of the consortia... Continue Reading →
(PN) Wood announced today that it has secured an extension of a US$80 million contract with Equinor Brasil. The agreement provides for the provision of maintenance and modification solutions for offshore assets in the Peregrino field, in the Campos Basin. The two-year extension builds on a long-term, global partnership with Equinor, where Wood supports the... Continue Reading →
(OE) Oilfield services and technology company SLB and Equinor have drilled the most-autonomous well section to-date at Peregrino C platform offshore Brazil, marking a significant step forward to fully autonomous drilling operations. SLB digital technologies for surface automation, autonomous on-bottom drilling, and directional drilling were combined to enable 99% of a 2.6-kilometer section to be... Continue Reading →
(OE) Offshore drilling contractor Seadrill has secured multiple contract awards totaling approximately $97.5 million for its West Vela and West Cappella drillships, announcing also it would resume management services for its West Auriga drillship earlier than expected. Talos Production has awarded the West Vela a contract with an estimated duration of 150 days in the... Continue Reading →
(PN) Petrobras declared that it identified the presence of hydrocarbons in the Pitu Oeste exploratory well, in the Potiguar Basin on the Equatorial Margin. The results, however, are still inconclusive regarding the economic viability of the area. The discovery has already been notified to the National Petroleum Agency (ANP). The Pitu Oeste well is located... Continue Reading →
(Reuters) - BP (BP.L), opens new tab expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy (WDS.AX), opens new tab, to get the greenlight when a final investment decision (FID) is made as early as the end of next year, a company executive said. BP, which holds a 30% stake... Continue Reading →
(Reuters) - Suriname should boost incentives for energy companies looking to develop oil and gas discoveries, said Zamri Baseri, head of Malaysia's Petronas (PETRA.UL) in the South American country. Baseri did not specify the incentives his company is looking for, but lower royalties and taxes, or commercial incentives often hasten investment decisions by energy companies.... Continue Reading →
(OM) Rockhopper Exploration has commented on a progress report on the Sea Lion oil development in the offshore North Falkland basin from operator Navitas Petroleum LP. This includes an updated development plan, which takes into account static and dynamic reservoir models. Netherland Sewell & Associates’ latest independent report has increased gross 2C resources in the partners’ licenses in the basin... Continue Reading →
(OM) Eco Orinduik has informed Guyana’s Minister of Natural Resources of its intention to enter the second phase of the second renewal period of the offshore Orinduik license. There is a commitment to drill one exploration well into the Cretaceous Formation before the license period ends on Jan. 13, 2026. TOQAP Guyana, the joint entity held... Continue Reading →
Brazil Energy Insight 