Brought to you by Quest Offshore & Southern Cone Consultants
Sept. 7 - Petrobras has successfully met Ibama’s requirements and has been granted the license to drill three additional wells in block FZA-M-059, located in the Foz do Amazonas Basin. The new wells—named Manga, Crotalus, and PAD Morpho—will be crucial for the oil company to determine the reservoir's size and assess the area's commercial potential.... Continue Reading →
Sept 4 (Reuters) - Italian oil company Eni has improved its chances of recovering more than $2.3 billion owed by Venezuela with the signing this week of a new oil project deal in the country, analysts said on Friday. After nearly three decades in Venezuela, Eni has accumulated those receivables from state-owned oil group PDVSA. As Washington and... Continue Reading →
Sept. 3 (Reuters) Argentine President Javier Milei said on Thursday he would tighten sanctions on companies involved in oil projects around the Falkland Islands, boost defense resources in the country's south and send Congress a bill aimed at strengthening Argentina's response to what he called violations of its sovereignty. In a televised address, Milei said... Continue Reading →
Sept. 2 (OE) Woodside Energy has signed a non-binding Memorandum of Understanding (MoU) with Petróleos Mexicanos (PEMEX) that will allow analysis of potential future opportunities for exploration and extraction of hydrocarbons in the deep waters of the Gulf of Mexico. It will also facilitate the mutual exchange of technical knowledge, experience, and industry best practices... Continue Reading →
Sept. 2 (PN) Petrobras does not rule out the possibility of conducting simultaneous drilling operations using two rigs in Block FZA-M-59, located in the Foz do Amazonas Basin, at some point in the future. This possibility was discussed with the Brazilian Institute of the Environment and Renewable Natural Resources (Ibama) during a meeting in late... Continue Reading →
Sept. 2 - Shell has signed an agreement with bp to acquire a 50% stake in the Tupinambá exploration block, located in the Santos Basin, as well as a 30% interest in five concessions comprising the Conifer exploration prospect in the Paleogene province of the deepwater US Gulf of Mexico. bp will retain the remaining... Continue Reading →
Sept. 2 - Colombian geophysical services company Vector Geophysical has acquired 30,000 STRYDE Halo-Connect ground-based seismic nodes along with a Nimble receiver system, significantly expanding its capacity to execute high-density seismic surveys in Colombia. The agreement marks STRYDE's first large-scale order for Halo-Connect since the launch of the next generation of its miniaturized seismic node... Continue Reading →
Sept. 1 (Reuters) An unprecedented deal for the U.S. to gain access to a fifth of Venezuela's oil reserves - and the central role a Venezuelan businessman will play - is prompting questions and hesitation from some oil companies evaluating potential investments in the country, sources familiar with the situation told Reuters. A White House fact... Continue Reading →
Aug 31 (Reuters) - Colombian firms handling oil services and goods are moving into Venezuela to work in the sector, following announcements of reactivation and new exploration and production contracts, a trade group leader said on Monday. The move comes as President Donald Trump announced that the United States had secured majority control over some... Continue Reading →
Aug. 31 (oilnow.gy) PETRONAS has logged eight successful wells in Suriname’s offshore Block 52 since launching its drilling program there in 2016. The wells have identified oil and gas resources exceeding one billion barrels of oil equivalent. They also support the company’s assessment of potential commercial developments in the block. The eight wells are Roselle-1,... Continue Reading →
