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French offshore seismic data company CGG has announced the start of a new Foz do Amazonas 3D seismic reimaging project. This project is meant to support Brazil's Permanent Offer initiative in the Equatorial Margin. Supported by industry funding, the project is expected to complete by the end of 2023. CGG said that the related fast-track... Continue Reading →
Uruguay's state oil company ANCAP has awarded two offshore blocks to Argentina's YPF and a consortium between Shell and APA (ex-Apache). Shell and APA Corporation won the rights to Area OFF-4, where the consortium has committed to conducting 3D seismic acquisition. YPF won the AREA OFF-5 deepwater offshore block. Below is the committed exploratory program... Continue Reading →
(OET) Namibia’s Ministry of Mines and Energy has granted a second one-year extension for the Petroleum Exploration License 87 (PEL 87) located in the Orange Basin. Canada-based Sintana Energy reported on 21 December that Namibia’s Minister of Mines and Energy had granted a second one-year extension to the current, first four-year Initial Exploration Period associated... Continue Reading →
Nigeria plans to hold a mini-bid round for seven offshore blocks next year to spur new exploration, the petroleum regulator said on Wednesday, the first round after Africa's top oil exporter passed new fiscal regimes for its oil and gas sector. The last mini-bid round held in April 2007 under the old regulatory regime offered... Continue Reading →
A consortium of three oil and gas giants – Qatar’s QatarEenergy, France’s TotalEnergies, and Malaysia’s Petronas – have been awarded an offshore exploration block during the first cycle of Brazil’s open acreage under a production sharing regime bid held in Rio de Janeiro. QatarEnergy disclosed on Monday that, together with TotalEnergies and Petronas, it has... Continue Reading →
- Petróleo Brasileiro S.A. – Petrobras informs that it has acquired the Sudoeste de Sagitário, Água Marinha and Norte de Brava blocks in the 1st Cycle of Permanent Production Sharing Offer of the National Petroleum, Natural Gas and Biofuels Agency (ANP). Petrobras has acquired the Sudoeste de Sagitário block in partnership with Shell Brasil. The... Continue Reading →
Tullow Oil has signed a production sharing contract (PSC) for Ivory Coast's offshore exploration license CI-803. Tullow will operate the license with 90% equity, with the remaining 10% held by PetroCi. The CI-803 offshore block covers an area of 1,345 square kilometers and is adjacent to license CI-524, also held by Tullow (90%, operator) and... Continue Reading →
ANP will hold on December 16, in Rio de Janeiro, the public session of the 1st Cycle of the Permanent Production Sharing Offer (OPP). There will be 11 blocks on offer, four in the Campos Basin and seven in the Santos Basin. See the blocks on offer: Campos Basin - Agua Marinha; Norte de Brava;... Continue Reading →
(Loop) Fourteen oil blocks in Guyana’s lucrative offshore oil and gas fields are now up for grabs, as the government has opened a new round of auctions. In announcing the start of the auction this morning, President Dr Mohammed Irfaan Ali said his government plans to complete the bidding process by April 14, 2023 and... Continue Reading →
(Reuters) - Spanish energy company Repsol has received approval to withdraw from two oil-and-gas exploration areas in the Gulf of Mexico, the Mexican oil regulator said on Thursday, weeks after the company vacated three other spots. Repsol won the two blocks in a tender process in 2018, after an energy reform allowed companies other than... Continue Reading →
Brazil Energy Insight 