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Offshore drilling contractor Borr Drilling has secured a new contract for one of its premium jack-up drilling rigs from an undisclosed company in Latin America. Borr Drilling announced a new contract on Monday, 10 April 2023, for its Hild premium jack-up rig for work in Latin America. According to the company, the contract covers a firm term of... Continue Reading →
Exxon Mobil Corp has ended a major campaign to find oil in Brazil, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The oil and gas giant has stopped current drilling at the offshore acreage it started snapping up with partners for $4 billion in 2017, after failing for the third time to... Continue Reading →
Offshore drilling firm Seadrill said Tuesday it had completed the previously proposed acquisition of Aquadrill, a company previously known as Seadrill Partners. In connection with the completion of the transaction, Seadrill issued an aggregate 29,866,505 common shares to former Aquadrill unitholders and equity award holders, resulting in issued share capital of $798,665.03 divided into a... Continue Reading →
(OM) Petrobras has been a key driver of a tightening ultra-deepwater rig market, accounting for more than a quarter of all term floater contracts over the past two years, according to Evercore ISI’s latest Offshore Oracle report. From a rig count of 19 currently (up from 17 a year ago), Petrobras’ rig count is expected... Continue Reading →
(PN) A new and important step by Enauta in its drilling program in the Atlanta field, in the Santos Basin. The operator announced today that well 7-ATL-5H-RJS (also called 5H) was connected to FPSO Petrojarl I and entered into operation. The new well is in the ramp-up phase, which should be completed by next weekend.... Continue Reading →
(PN) Petrobras advances in its exploratory program in the Santos Basin. The state-owned company recently started drilling a well (3-BRSA-1387D-SPS) in the Aram block, in the pre-salt layer. The well is being drilled in a water depth of 1,977 meters, according to data released by the National Petroleum Agency (ANP). The Aram block is operated... Continue Reading →
Brazilian Ministry of Mines and Energy (MME) is setting the wheels into motion to launch a program, which would step up investments in oil and natural gas exploration to promote regional development and foster national production while making Brazil the fourth largest oil producer in the world. To this end, Brazil’s Minister of Mines and... Continue Reading →
(PN) Exploration of new oil wells in Brazil will receive around US$ 1.5 billion in investments in 2023. The forecast was revealed this week by the National Petroleum Agency (ANP), which published the data in a new panel dynamic on contracts in the exploration phase. The largest share of funds (US$ 1.1 billion) will be... Continue Reading →
U.S. oil and gas company Hess Corporation has opted to implement digital wells using a well construction suite from a compatriot oilfield services giant, Halliburton. Halliburton reported on Wednesday, 22 March 2023, that Hess had selected Halliburton’s DecisionSpace 365 Well Construction applications powered by iEnergy Hybrid Cloud to “plan, design, and construct safe, cost effective, and productive wells.” Nagaraj Srinivasan, senior... Continue Reading →
Australia’s oil and gas company Karoon Energy has kicked off production from a well located on a field offshore Brazil, with first production rates surpassing expectations. In addition, the second well at this field is expected to come online by the end of the month. Back in April 2021, Karoon hired a rig to perform well... Continue Reading →
Brazil Energy Insight 