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(Reuters) - A promising area off Colombia's coast where Brazil state-run Petrobras (PETR4.SA), opens new tab is drilling this year could justify a large project to supply natural gas to the Andean country and for exports, Petrobras' head of exploration and production said on Wednesday. As oil production in Brazil's prolific presalt region is set to plateau... Continue Reading →
(PN) The director of Exploration and Production at Petrobras, Joelson Mendes, said that the resilience and competitiveness of the company's portfolio of E&P areas, depending on the production profile, is more efficient due to the technological solutions developed to reduce emissions . Joelson participated in the “Global Competitiveness of Latin American Upstream” panel at CERAWeek,... Continue Reading →
(Reuters) - Exxon Mobil (XOM.N), opens new tab on Friday disclosed a new oil and gas discovery in the prolific Stabroek block offshore Guyana, the company's first announced discovery in the South American country this year. The Bluefin discovery joins more than 30 already since 2015 in the Stabroek block, an 6.6 million acre (26,800 square kilometers)... Continue Reading →
(OE) Blue Water Shipping, a global provider of tailor-made transport and logistics solutions, has secured a contract with Noble Drilling for its operations in Suriname, as Noble Voyager drillship embarks on an exploration campaign north of Paramaribo. The contract for Blue Water Shipping covers customs brokerage, local logistics services, domestic transport and personnel services for... Continue Reading →
(Offshore-energy.biz) Isle of Man-headquartered oil and gas player Challenger Energy Group (CEG) has formally signed a license for a shallow water exploration block off the coast of Uruguay. Aside from embarking on technical work, the firm intends to go on the lookout for partners to enable an early farm-out. After Challenger Energy submitted a bid for the AREA OFF-3 block... Continue Reading →
Dear shareholders and investors, I am very proud to address you today, not only in light of the excellent economic and financial results we are disclosing, but especially because I am convinced that we are building a Petrobras which is more solid, more resilient and able to generate long-term value to its partners and to... Continue Reading →
(Reuters) - Mexican state energy company Pemex and billionaire investor Carlos Slim's team are discussing ways to revive development of the country's first deepwater natural gas field that was shelved twice before, two sources told Reuters.The sources, both with direct knowledge of the matter, said executives of companies controlled by the Slim family met with... Continue Reading →
(OE) Challenger Energy has, through its wholly-owned Uruguayan subsidiary CEG Uruguay, entered into farm-out agreement with Chevron for the 60% interest in the AREA OFF-1 block offshore Uruguay. As part of the agreement, Chevron will acquire a 60% participating interest in the AREA OFF-1 block, and will assume operatorship of the block, while CEG Uruguay... Continue Reading →
(Oilprice.com) Exxon and Malaysia’s state-run Petronas will extend exploration for a gas discovery off the coast of Suriname, the country’s national oil company, Staatsolie, said on Monday. Eyeing a repeat of the huge oil and gas success in the same basin offshore Guyana, explorers in Suriname are also reportedly considering a floating LNG project. Exploration... Continue Reading →
(PN) Drilling of the pioneer well in the Pau Brasil block, operated BP in the Santos Basin pre-salt, is scheduled to begin next month on April 24th. The well will be drilled by the Valaris DS-15 drillship. The vessel is being chartered at a daily rate of US$410,000. The contract will be valid until June... Continue Reading →
Brazil Energy Insight 