Petrobras Takes Technical Precautions and Studies New Solutions to Explore Resources in the Equatorial Margin

Nov. 10 (PN) The great potential to be discovered in the basins of the Equatorial Margin motivated Petrobras to undertake a long and arduous environmental licensing process with IBAMA (Brazilian Institute of Environment and Renewable Natural Resources). Having overcome this stage, the oil company is now beginning to face the technical and economic challenges. Currently,... Continue Reading →

November 10, 2025 0

Petronas, Chevron Sign Contracts for Production Offshore Suriname

Nov. 5 (Reuters) Two consortia led separately by Malaysia's Petronas and U.S. Chevron have signed production-sharing contracts with Suriname's Staatsolie to explore and develop two offshore areas in the South American country, the state company said on Wednesday. Under the 30-year contracts, Staatsolie will conduct a competitive process to select foreign companies to explore and produce oil and... Continue Reading →

November 5, 2025 0

Exxon’s proposed Longtail development in Guyana

Nov. 2 (oilnow.gy) Exxon’s proposed Longtail project will mark Guyana’s entry into gas development, setting the stage for the country’s first non-associated gas production. The project, which targets a final investment decision in 2026, is expected to operate for three decades and feature the largest gas-handling facility ever built in the Stabroek Block. Key facts about Longtail: Focus: Longtail... Continue Reading →

November 4, 2025 0

Brazil’s Petrobras studying logistics base in Amapa, says state’s governor

Oct 30 (Reuters) - Brazil's Petrobras has authorized studies for a logistics center in the Amazonian state of Amapa, where the state-run oil firm started exploring in a promising offshore block last week, state Governor Clecio Luis told Reuters. The company's logistics subsidiary Transpetro will do the studies, Luis said, adding the center would support... Continue Reading →

October 30, 2025 0

BP Steps Up Appraisal Activities on Bumerangue Offshore Discovery in Brazil

Oct. 30 (OE) BP is advancing appraisal planning for its Bumerangue offshore discovery in Brazil after laboratory analysis confirmed a large hydrocarbon column in the pre-salt Santos Basin, and CO2 levels in the reservoir that the company believes can be managed. BP said tests following its August discovery indicate a roughly 1,000-metre gross hydrocarbon column,... Continue Reading →

October 30, 2025 0

Pemex Extends Stay for Borr Drilling’s Jack Up Rig Trio off Mexico

Oct. 27 (OE) Offshore drilling contractor Borr Drilling has secured contract extensions for three of its premium jack-up rigs from Mexico’s national oil company Pemex. The rigs Galar and Gersemi have each been awarded two-year firm contract extensions that will commence in direct continuation of their existing contracts in Mexico. The extensions also include two... Continue Reading →

October 27, 2025 0

Petrobras requests authorization from Ibama to drill three more wells in the Foz do Amazonas Basin

Oct. 24 - Petrobras has requested authorization from Ibama (Brazilian Institute of Environment and Renewable Natural Resources) to drill three contingent wells in the block. The oil company is currently drilling the Morpho well, in a water depth of 2,887 meters – the drilling is expected to last approximately five months. The drillship used in... Continue Reading →

October 24, 2025 0

Guyana among few countries in the world where investments in O&G exploration remain robust

Oct. 23 (oilnow) While global oil and gas exploration has slowed dramatically over the past decade, Guyana stands as one of the few nations bucking the trend. According to Palzor Shenga, Vice President – Upstream Research at Rystad Energy, the South American country remains a leading light in an industry that has seen annual discoveries... Continue Reading →

October 23, 2025 0

Petrobras starts drilling in the Foz do Amazonas Basin and extends Foresea’s ODN-II drillship contract

Oct. 22 (PN) Petrobras wasted no time in starting drilling the pioneer well in block FZA-M-59, in the Foz do Amazonas Basin, on the Equatorial Margin. The drilling, expected to last approximately five months, began on Monday (20), the same day that Ibama (Brazilian Institute of Environmental Protection) issued the environmental license authorizing the operation.... Continue Reading →

October 22, 2025 0

Petrobras could begin production at Foz do Amazonas within seven years, says CEO

Oct 21 (Reuters) - Brazilian state-run oil company Petrobras'could start oil and gas production in the Foz do Amazonas basin within seven years if large reserves are confirmed, the company's Chief Executive Magda Chambriard told Reuters on Tuesday. Brazil's environmental agency Ibama on Monday greenlit Petrobras to drill an exploratory well in Foz do Amazonas, near the... Continue Reading →

October 21, 2025 0

Category: drilling