Venezuela has begun contacting energy firms involved in an long-idled offshore gas project to push them to begin new exploration and operations near its maritime border with Guyana, five people close to the talks said. The request to act on blocks that have not been touched in more than a decade comes amid an escalating... Continue Reading →
ANP sends new studies on two pre salt blocks to the MME
(PN) The board of directors of the National Petroleum Agency (ANP) approved the geological and economic studies that resulted in the delimitation of two more pre-salt exploratory blocks: Rubi and Granada, both located in the Santos Basin. The agency will forward the studies to the Ministry of Mines and Energy (MME) to analyze the feasibility... Continue Reading →
Petrobras sends drill ship to the Equatorial Margin off the coast of Rio Grande do Norte
The ODN-II drillship, which will be used to drill the Pitu Oeste well, in the Potiguar Basin, is already heading towards the location, on the coast of Rio Grande do Norte. Drilling, scheduled to begin in December, will take place in block BM-POT-17. This will mark Petrobras' return to the Equatorial Margin, which stretches from... Continue Reading →
PRIO to start drilling wells in Wahoo in January
(PN) Well drilling work in the Wahoo field, in the Campos Basin, should begin in January, when the environmental license should be issued by IBAMA. The projection was presented this week by the CEO of PRIO, Roberto Monteiro, during an event with investors. The four wells planned in the area will be drilled by the... Continue Reading →
Exxon’s CEO sets ambitious agenda on tight timeline
(Reuters) - Exxon Mobil (XOM.N) CEO Darren Woods' first five years at the oil company were marred by missed oil production targets, an investor rebellion and the company's biggest-ever financial loss. Redemption came this year when - aided by a share price pumped up by high oil prices - he clinched a $60 billion deal to buy shale rival... Continue Reading →
Enauta’s second offshore well back online with third one expected to follow suit within a month
(OET) Brazilian oil and gas player Enauta has brought back on stream another well at a field offshore Brazil while a third well is anticipated to return to production in the next 30 days. After Enauta found issues in the subsea pumping electrical system adopted for the FPSO Petrojarl I, the firm temporarily halted the Atlanta field’s production in July 2023. Following the... Continue Reading →
Colombia Launches First Bidding Round for Offshore Wind Power Concessions
(Reuters) Colombia on Tuesday officially launched its first bidding round for offshore wind energy concessions, part of efforts by its first leftist government to wean it off oil and gas production. Energy minister Andres Camacho announced the conditions from Dubai, where he is attending the COP28 climate conference. Reuters reported exclusively over the weekend that... Continue Reading →
TotalEnergies and Petrobras join forces to accelerate the detection and reduction of methane emissions
As part of the commitment to identify, measure and reduce methane emissions linked to their activities, TotalEnergies and Petrobras began a collaboration to carry out an evaluation campaign using drone methane measurement technology on FPSO P-70, dedicated to production from the Atapu field, located in the Santos basin in Brazil. In 2022, TotalEnergies set ambitious... Continue Reading →
FPSO Pioneiro de Libra completes six years of production
The FPSO Pioneiro de Libra (PDL), an asset of the Altera&Ocyan joint venture, has just completed six years of operation, in the same year that the Brazilian Pre-salt celebrates seventeen years of its discovery. Since the first oil, in 2017, the platform ship, responsible for the Long Term Test (TLD) and the Early Production Systems... Continue Reading →
South America’s Offshore Oil Boom Will Challenge OPEC’s Dominance
(OP) In Guyana’s territorial waters, after Exxon’s swathe of world-class petroleum discoveries, gigantic ships called floating production storage and offloading (FPSO) vessels are sucking crude oil from reservoirs up to four miles below the Earth’s surface. Since then, it has been estimated the former British colony of just over 800,000 possesses at least 11 billion barrels of recoverable... Continue Reading →