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(Reuters) - Chevron Corp (CVX.N) plans to add 65,000 barrels per day (bpd) of Venezuelan oil output by the end of 2024 through its first major drilling campaign in the nation since Washington allowed it to restore production clipped by U.S. sanctions, three people familiar with the matter said. The effort could help Venezuela keep lifting crude... Continue Reading →
Offshore drilling company Noble Corp. said Tuesday it had won a contract with TotalEnergies, to redeploy the harsh-environment jackup rig Noble Regina Allen for the drilling of three horizontal wells at the Fénix project in southern Argentina. TotalEnergies subsidiary, Total Austral, awarded the contract to Noble Drilling. The contract is expected to start in the... Continue Reading →
Brazilian oil and gas player Enauta has concluded the drilling and completion of the last well in the first phase of its drilling programme at a field offshore Brazil. Enauta kicked off the drilling of its first well, 7-ATL-5H-RJS, in this drilling campaign at the Atlanta field in November 2022. The estimated investment for the well was $75 million – including the... Continue Reading →
Brazil will likely end up exploring the Equatorial Margin for oil but state-run Petrobras should adopt a "cautious" approach given the need for precautions to protect the environment, Finance Minister Fernando Haddad said on Sunday. The Equatorial Margin is some 2,200 kilometers (1,370 miles) of deepwater and ultra-deepwater assets along Brazil's northern and northeastern coast. "We may need oil from the Equatorial Margin on... Continue Reading →
(OM) Azule Energy, the joint venture between BP and Eni, and Equinor have signed a production sharing agreement for block 31/21 offshore Angola with the country’s National Agency of Petroleum, Gas and Biofuels. The award, related to Angola’s 2021/2022 Limited Offshore Licensing Round, covers a 4,500-sq km deepwater area in the Lower Congo basin, 170... Continue Reading →
(OE) Valaris announced new drilling contracts worth $65 million in total, excluding lump sum payments such as mobilization fees and capital reimbursements. These contracts were awarded after the company issued its most recent fleet status report on August 1, 2023. Contract backlog Valaris secured a one-well contract with BP offshore Brazil for drillship VALARIS DS-15.... Continue Reading →
Italian oilfield services provider Saipem has taken delivery of a recently chartered seventh-generation drillship, which is expected to work for Eni off Ivory Coast in West Africa, following a deal worth $400 million. Saipem entered into a three-year firm bareboat charter agreement with Deep Value Driller for the Deep Value Driller drillship. This contract may be extended by up... Continue Reading →
(OET) Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States was on the rise last week while the total number of rigs operating in the U.S. also went up a notch to 632 from 631 units recorded during the week before. Following the fall in offshore rig activity for... Continue Reading →
(Reuters) - SLB (SLB.N) is on track to add about $5 billion in revenue this year, and sees similar potential for growth in 2024, mainly helped by increased drilling in international markets, CEO Olivier Le Peuch said at a conference on Wednesday. SLB, the world's largest oilfield service company and former Schlumberger, is betting on a recent... Continue Reading →
(Reuters) - Brazil's government aims to make more energy projects eligible for key tax benefits, however the main ministries involved disagree about whether to favor a "green" agenda or include oil projects and refineries, according to a senior official and a document seen by Reuters. President Luiz Inacio Lula da Silva's government has vowed to... Continue Reading →
