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(OE) Galp, together with its partners NAMCOR and Custos, has hit oil and gas in another well drilled at PEL83 license at Orange Basin, offshore Namibia. The Joint Venture partners have drilled, cored and logged the Mopane-3X well (Well #5) which spud on January 2, 2025 as part of the second exploration and appraisal campaign... Continue Reading →
(Reuters) Guyana expects to soon sign an oil production-sharing agreement with a consortium led by France's TotalEnergies will allow it to explore an offshore area, Energy Minister Vickram Bharrat told Reuters. Guyana is the world's fastest-growing oil-producing country and is on course to reach capacity of 940,000 barrels per day this year - nearly 1%... Continue Reading →
(OM) The Guyana-Suriname basin has seen significant activity in recent years, with Guyana alone unearthing more than 13 billion barrels of oil equivalent (boe) of discovered volumes in the past decade. As operators in offshore Guyana continue to explore and develop its resources, the focus on its coastal neighbor, Suriname, is growing. Rystad Energy analysis forecasts... Continue Reading →
Foresea, a leader in the offshore drilling sector, announced excellent results it obtained in 2024, having achieved an adjusted EBITDA margin of 37% and operating cash generation of over US$ 130 million in the period. In December, the company won a new three-year contract for the Norbe IX drillship — within the Sepia-Atapu consortium. With... Continue Reading →
(Reuters) Guyana and the Dominican Republic are making progress on accords for offshore oil and gas exploration and to build a fertilizer plant and potentially a refinery in the South American country, Dominican President Luis Abinader said on Tuesday. The countries signed a memorandum of understanding in 2023 to work on energy projects. The Caribbean country is interested in exploring Guyana's... Continue Reading →
Petrobras expects to reach a production of 1.5 million barrels of oil per day in the Búzios field in the near future. The information was given by the CEO of the state-owned company, Magda Chambriard, during a Transpetro event. According to her, the increase in production will be supported by a robust hiring of support... Continue Reading →
(offshore-energy.biz) Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP) has disclosed the date for the country’s next oil and gas licensing round. The Agency has also presented draft legislation to encourage more exploratory activities and a tool for tracking greenhouse gas (GHG) emissions from oil and gas production activities in the country. Based... Continue Reading →
Petrobras informs that it has confirmed the presence of oil with the drilling of well 9-BUZ-99D-RJS, located in the western region of the Búzios field. This is a new accumulation in a zone below the main reservoir. The well is located 189 kilometers off the coast of Rio de Janeiro and was drilled at a... Continue Reading →
(offshore-energy.biz) With the need to ensure energy independence in mind, the government of Trinidad and Tobago has initiated its new bidding round to boost hydrocarbon exploration and production in this Caribbean twin-island country located off the northern edge of the South American mainland. Given the myriad of challenges the world is facing today – from... Continue Reading →
(offshore-energy.biz) Brazil’s deepwater offshore drilling contractor Ventura Offshore has struck a deal with Umas 1 as the seller of a semi-submersible rig the firm decided to acquire last year to make a lump sum payment as a final settlement. Ventura Offshore Midco disclosed at the end of June 2024 the acquisition of the SSV Catarina, the... Continue Reading →
Brazil Energy Insight 