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(OE) On Friday, Australian oil and gas giant Woodside said that its Sangomar development project offshore Senegal was 82% complete and on target for first oil later this year. Once online, this will be Senegal's first offshore oil project in production. Woodside, the operator of Sangomar, said in its first quarter report that the development... Continue Reading →
Transocean, best known for its deepwater drilling services in the oil and gas space, is looking to expand into the offshore wind sector and is planning to convert some of its offshore drilling vessels into wind foundation installation vessels. The company said Wednesday it had executed a non-binding memorandum of understanding with offshore wind installation... Continue Reading →
(PN) Karoon Energy announced that it has completed its drilling program, in the Santos Basin, with the Noble Developer rig (formerly known as Maersk Developer). The rig was contracted to carry out the oil company's first workover campaign and the development of new fields in Brazil. The rig was mobilized from the Caribbean to Brazil... Continue Reading →
Offshore drilling contractor Valaris has set a carbon emissions reduction target to reduce its Scope 1 emissions by 2030, aligning its sustainability goals with the Task Force on Climate-Related Financial Disclosures (TCFD) framework. Valaris issued its 2022 Sustainability Report on Monday, 17 April 2023, showcasing its commitment to environmental, social and governance (ESG) priorities. As part of... Continue Reading →
The National Petroleum Agency (ANP) approved the revision of the Development Plan for the Pilar field, in the Alagoas Cluster (Petrobras divestment). The asset is operated by Origem Energia, which should disburse R$ 916 million in investments in the area. In the revision of the plan, the operator states that it should drill 15 new... Continue Reading →
BW Energy on Monday announced it has achieved first oil from the Hibiscus / Ruche Phase 1 development in the Dussafu license offshore Gabon. "Production performance from the first well has been in line with expectations and is currently stabilized at approximately 6,000 barrels per day," the Oslo-listed E&P company said in a statement. "We... Continue Reading →
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 →
Brazil Energy Insight 