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(ON) Brazil was able to cop a total of US$12.882 billion in signing bonuses from 15 block awards in its pre-salt area since the state-owned Petrobras made the first discovery back in 2006. This is according to the recent Economic Commission for Latin America and the Caribbean (ECLAC) report. The pre-salt is a sequence of... Continue Reading →
(Reuters) Australia's Woodside Energy Group has returned a deepwater block to the Trinidad and Tobago government after an exploration appraisal found it would be uneconomic to develop, a company spokesperson said on Wednesday. Trinidad and Tobago is pushing to speed up exploration and development of offshore areas aiming to secure natural gas supplies to feed its liquefied... Continue Reading →
Offshore drilling contractor Noble Corporation has won a new contract with Petronas Suriname E&P, a subsidiary of Malaysia’s energy giant Petronas, for one of the semi-submersible rigs in its fleet, which is being hired for drilling activities offshore Suriname. According to Noble, this one-well contract, which was awarded for the Noble Discoverer semi-submersible deepwater rig to drill an... Continue Reading →
(Reuters) Guyana's environmental regulator on Wednesday granted an Exxon Mobil-led consortium approval to drill 35 new offshore exploration and appraisal wells as the group looks to expand its production successes in the South American country. The wells will be drilled within the group's 6.6 million acre (26,800-sq km) Stabroek offshore block, where more than 11... Continue Reading →
(OET) Challenger Energy Group (CEG), the Isle of Man-headquartered oil and gas company focused on the Caribbean and Americas, has been awarded the last remaining available shallow water exploration block located off Uruguay. Other offshore exploration licenses are held by energy majors, including Shell, Apache and YPF, the Argentinian national oil company. After Challenger Energy submitted a bid... Continue Reading →
This week has been marked by much activity in the oil and gas exploration segment in Brazil. This time, the news comes from Shell Brasil, which has started drilling a new exploratory well in block C-M-659, in the Campos Basin. The well was called internally by the oil company Suçuarana-1 and is in a water... Continue Reading →
Guyana-focused oil and gas companies CGX Energy and Frontera Energy Corporation said Wednesday they had discovered oil at the Wei-1 well, on the Corentyne block, approximately 200 kilometers offshore from Georgetown, Guyana. "The Joint Venture has successfully finished drilling operations without any safety incidents and expects to release the drilling rig in early July 2023,"... Continue Reading →
(Reuters) - Brazil aims to pass a regulatory framework for offshore wind and green hydrogen by the end of this year, the country's energy minister told Reuters on Tuesday, as Latin America's largest nation seeks to unlock new sectors to power its energy transition. Leftist President Luiz Inacio Lula da Silva has staked his international... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) and Guyana are in talks over which unexplored offshore areas will be returned to the government, people close to the discussions said, as the nascent oil nation seeks to attract new operators to the country. The Exxon-led consortium that controls offshore production in Guyana this year was required to return 20%... Continue Reading →
(Reuters) - Guyana will postpone by about one month its first offshore oil blocks auction as the country finalizes new terms of the country's oil and gas regulatory framework, Vice President Bharrat Jagdeo told Reuters on Friday. The South American nation has three times before delayed the offer of 14 offshore blocks intended to recruit... Continue Reading →
Brazil Energy Insight 