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(Reuters) - Argentina's energy company YPF wants to speed up a divestiture plan that includes selling controlling stakes in offshore exploration projects in Argentina and Uruguay, reducing its presence in mature fields and later offering a gas distribution company for sale, chief executive officer Horacio Marin said. YPF has exploration rights in seven offshore areas,... Continue Reading →
(Reuters) Petrobras obtained approval from the country's environmental agency to clear corals from the underside of the drilling vessel it plans to use in the Foz do Amazonas region, Reuters reports. Its February 10 request was granted on Monday for the vessel the state-run firm will send to drill off the coast of the northern Amapa state if... Continue Reading →
(Reuters) Petrobras is looking at potential opportunities in Argentina while advancing in projects in Colombia and Africa, the firm's exploration and production head Sylvia dos Anjos said on Tuesday. Gas from the Vaca Muerta region would be interesting to Petrobras as a pipeline connecting Argentina, Bolivia and Brazil could be used to transport it, Anjos said on the... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the releases disclosed on 08/05/2024, 10/03/2024 and 12/05/2024, informs about the Drill Stem Test (DST) in the Sirius-2 well, located in deep waters in Colombia, 31 kilometers off the coats and at a water depth of 804 meters. The DST assessed to approximately 100 meters reservoir interval,... Continue Reading →
(OE) Constellation, an offshore oil and gas drilling services provider in Brazil, has started trading on Euronext Growth Oslo, under the ticker symbol ‘COSH’. Constellation holds about one fifth of Brazil’s country’s offshore drilling market. Constellation, with 1,800 employees and a 45-year track record, holds about one fifth of Brazil’s offshore drilling market, the company... Continue Reading →
(offshore-energy.biz) Isle of Man-headquartered oil and gas company Challenger Energy Group (CEG) has shared an update on the reprocessing work being carried out for an exploration block off the coast of Uruguay. According to Challenger, the technical work program for the AREA OFF-3 block is progressing well, with the full-depth reprocessing of 1,250 square kilometers... Continue Reading →
Offshore drilling contractor Noble Corporation has secured a contract for its Noble Regina Allen jack-up rig with an undisclosed operator offshore Suriname. The one-well contract will span approximately 65 days, and is expected to begin in the fourth quarter of 2025. The contract has a total value estimated at $17.7 million, including mobilization and demobilization... Continue Reading →
(oilnow.gy) Suriname is set for a wave of oil and gas exploration, with industry giants Shell, TotalEnergies, and Chevron leading efforts to tap into the country’s promising offshore reserves. Operators plan to drill around 10 wells between 2025 and 2027 in Suriname’s portion of the Guyana-Suriname Basin. A new report from Norway-based Rystad Energy said... Continue Reading →
(offshore-energy.biz) Colombia’s state-owned oil and gas company Ecopetrol has handed out a contract to compatriot Puertos, Inversiones y Obras (PIO) to provide regasification services in the country’s Pacific Coast area. The new infrastructure will entail receipt and storage facilities in Buenaventura and a regasification facility with a 60 million cubic feet per day (mcfd) capacity... Continue Reading →
(PN) This week, Petrobras began drilling a well (3-BRSA-1398-RJS) in the Alto de Cabo Frio Central block, in the pre-salt layer of the Campos Basin, in a water depth of 2,276 meters. The activity is being carried out by the West Polaris drillship, according to information available on the website of the National Petroleum Agency... Continue Reading →
Brazil Energy Insight 