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Offshore drilling contractor Constellation has secured a contract with Petrobras for its ultra-deepwater drillship Amaralina Star, which will operate offshore Brazil, covering remote areas of frontier exploration, such as the Equatorial Margin and Pelotas Basin. The value of the agreement is approximately $528 million, which includes around $39 million mobilization fee and additional integrated services... Continue Reading →
(OE) Following a competitive tender process, energy technology company SLB has secured a new contract with Petrobras for providing integrated services across all of its offshore fields in Brazil. SLB will oversee the construction of more than 100 deepwater wells, utilizing advanced drilling, cementing and drilling fluids technologies on up to nine ultra-deepwater rigs. The... Continue Reading →
Petrobras, following up on communication of October 3, 2024, through its wholly-owned subsidiary Petrobras International Braspetro B.V. - Colombia Branch (PIB-COL), and Ecopetrol confirm the largest gas discovery in the history of Colombia with the drilling of the Sirius-2 well. The drilling of Sirius-2 began on June 19, 2024. The well is located within the... Continue Reading →
(Reuters) - Brazilian prosecutors asked state-run oil firm Petrobras (PETR4.SA), opens new tab to do more studies before drilling off the coast of the Amazon rainforest, citing potential effects of extreme weather on tides, according to documents filed on Monday to environmental agency Ibama. An oceanographer's technical assessment commissioned by the Federal Prosecutor's Office and dated Oct.... Continue Reading →
(offshore technology) Ecopetrol’s board of directors has approved the 2025 investment budget ranging from 24trn to 28trn pesos, with more than half allocated to crude and gas exploration and production. Approximately 20.3trn pesos, 76% of the 2025 budget, are expected to be allotted for profitable production levels between 740,000 and 745,000 barrels of oil equivalent... Continue Reading →
Portuguese oil and gas company Galp has found light oil and gas-condensate in an appraisal well drilled in Orange Basin block, offshore Namibia. The appraisal well, Mopane-1A, was spud on October 23 with Saipem’s Santorini drillship, at PEL83 offshore block. In an update from November 29, Galp has confirmed that the Mopane-1A well encountered light oil and... Continue Reading →
(Reuters) TotalEnergies is seeking environmental authorization to drill up to seven exploration wells in the southern part of its Deep Water Orange Basin (DWOB) block off the west coast of South Africa, documents from environmental consultants SLR showed on Tuesday. Oil companies including Shell are looking towards South Africa's west coast, close to the border... Continue Reading →
Petróleo Brasileiro S.A Petrobras Petrobras informs that its Board of Directors approved, at a meeting held today, the Strategic Plan 2050 (SP 2050) and the Business Plan 2025-2029 (BP 2025-29). During the development of the Plans, the Board of Directors took part in discussions with the technical areas and the Executive Board, leading to the... Continue Reading →
(Reuters) Suriname's state-run oil company Staatsolie said on Wednesday that ExxonMobil has withdrawn from its offshore block 52, and block operator Petronas Suriname E&P will take over its 50% stake. "The withdrawal is part of the ongoing evaluation of assets in ExxonMobil's global portfolio," Staatsolie said in a statement.
(Reuters) Trinidad and Tobago on Tuesday signed a production sharing agreement (PSA) with a unit of British oil and gas producer BP for exploring and producing natural gas at a shallow water block, the energy ministry said. The agreement follows an offshore bidding round launched by the Caribbean country last year, expected to encourage an... Continue Reading →
Brazil Energy Insight 