Brought to you by Quest Offshore & Southern Cone Consultants
Rhino Resources, the operator of the petroleum exploration license (PEL85), and its partners have found oil in the Capricornus 1-X well in Orange Basin, offshore Namibia. The Capricornus 1-X well, spudded on February 17, using Noble Corporation’s Noble Venturer drillship, reached total depth on April 2, successfully penetrating the Lower Cretaceous target. The well found... Continue Reading →
(oilprice.com) Despite the recent slump in international oil prices, YPF CEO Horacio Marín remains confident in the resilience of Argentina’s energy sector—particularly the viability of Vaca Muerta. Speaking to Infobae en Vivo, Marín stressed that YPF can sustain profitable operations even if crude prices drop to $40 or $45 per barrel. “We made ourselves resilient at... Continue Reading →
(oilnow.gy) According to its 2024 annual report, Hess Corporation plans to return 94% of its net undeveloped acreage, primarily to Guyana and Suriname, over the next three years. In Guyana, Hess has a 30% stake in the 6.6-million-acre Stabroek Block. A relinquishment of 20% of the block is due, minus exploration and production acreage, as well as... Continue Reading →
(Reuters) - Brazil's Petrobras is weighing opportunities from an oil block auction set to take place this year in India, said the state-run oil firm's head of exploration and production, Sylvia dos Anjos, on Thursday. Petrobras has already collected data to analyze the potential of the offshore areas on offer in deep and ultra-deep waters,... Continue Reading →
(OE) U.S. offshore drilling contractor Noble Corporation has secured a contract extension with Petrobras for its Noble Discoverer semis-submersible rig offshore Colombia. Petrobras Colombia has exercised, extending the contract for Noble Discoverer rig for an additional 390 days. This extends the contract to approximately August 14, 2026. An unpriced option for an additional extension into... Continue Reading →
(OE) Shell, through its subsidiaries, has awarded a contract to Stena Drilling for the Mobile Offshore Drilling Unit (MODU) Stena DrillMAX, which will be put to work offshore Suriname. KE STP Company and BG International Limited Suriname Branch, subsidiaries of Shell, have selected Stena DrillMAX for a drilling campaign, expected to start in the second... Continue Reading →
(Reuters) Petrobras has completed work on a veterinary center in the Amazon region that is required for it to obtain an environmental permit for an offshore drilling project, the company said on Saturday. The animal care center in the town of Oiapoque, Amapa state, is designed to assist animals in the event of an oil... Continue Reading →
(Reuters) - Mexico lowered its estimate for average crude oil production for this year by 129,000 barrels per day (bpd), citing a "prudent approach" that takes into account the trajectory of the first months of the year. This would bring the country below the ambitious 1.8 million bpd target set by President Claudia Sheinbaum. In... Continue Reading →
(eixos) Petrobras is expected to present the development plan for the ultra-deep water project to produce oil and gas in Sergipe, the Sergipe Deep Waters (Seap), by the end of April, said the state-owned company's executive manager for Gas and Energy, Álvaro Tupiassu, during a meeting of the Oil and Gas Technical Chamber (CTGás) of... Continue Reading →
(Reuters) - Discoveries made by Brazilian state-run oil firm Petrobras discoveries this year in the Campos and Santos basins and in the Buzios field are "significant," exploration and production head Sylvia dos Anjos said on Wednesday. Petrobras announced hydrocarbon discoveries in February and March at the Aram block, located in the Santos basin, and at... Continue Reading →
