Category: Exploration

Petrobras Requests Authorization to Include Constellation Drilling Rig in Exploration of the Foz do Amazonas Basin

May 1 - Petrobras has requested authorization from IBAMA (Brazilian Institute of Environment and Renewable Natural Resources) to use the Amaralina Star (NS-43) drillship, owned by Constellation, in exploratory activities in block FZA-M-59, in the Foz do Amazonas Basin. This measure aims to increase operational flexibility in the Equatorial Margin, allowing for optimized resource allocation... Continue Reading →

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Mexico’s Sheinbaum expects oil firm Pemex to reach agreement with Brazil’s Petrobras

April 30 (Reuters) - Mexican ​President Claudia Sheinbaum said on ‌Thursday she expects state oil firm Pemex (PEMX.UL) and its Brazilian counterpart Petrobras ​to reach an agreement, ​after Brazil's president pitched a partnership ⁠earlier this year. Sheinbaum told her ​regular morning press conference she ​would travel to Brazil to sign a deal with President Luiz Inacio... Continue Reading →

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Colombia’s Oil Industry Eyes Comeback as $100 Crude Revives Investment Case

April 27 (oilprice.com) A shock oil price spike, after U.S. airstrikes on Iran, which sees Brent trading at over $100 per barrel, is giving hope of a recovery for Colombia’s beleaguered oil patch. Hydrocarbon production in the conflict-riven country is at multi-year lows, with adverse regulatory and tax reforms impacting investment in the economically critical sector. Nonetheless, higher oil... Continue Reading →

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Transocean drillship scores 1,156-day encore with Petrobras

April 14 (offhore-energy.biz) Switzerland-based offshore drilling contractor Transocean has obtained a multimillion-dollar contract extension for one of its ultra-deepwater drillships with Brazil’s state-owned energy giant Petrobras. Transocean has revealed that the Deepwater Corcovado drillship was awarded a 1,156-day contract extension with Petrobras in direct continuation of its current activity. The extension is expected to contribute approximately $445... Continue Reading →

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