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(OGJ) Equinor in April will begin drilling the Argerich-1 exploration well in the CAN 100 block in the North Argentinian basin, offshore Argentina. The well will be drilled 315 km from the port of Mar del Plata by the Valaris DS-17 drillship in 1,527 m water depth. It will be the first to be drilled... Continue Reading →
(PN) While still awaiting approval to drill in the Foz do Amazonas Basin, Petrobras is advancing its exploratory program at another point in the so-called Equatorial Margin. This month, the company began drilling a new well in block POT-M-762, in the Potiguar Basin, 79 km off the coast of the state of Rio Grande do... Continue Reading →
(OE) Oil and gas company Enauta has released a note regarding the installation of mooring lines and torpedo anchors, designed by London Marine Consultants (LMC), for the FPSO Atlanta II offshore Brazil. The moorings are installed in over 1500 meters of water depth offshore Brazil on behalf of Malaysian FPSO leasing firm Yinson Production and... Continue Reading →
(Reuters) - Mexican tycoon Carlos Slim is interested in increasing his investments in the oil sector, including in U.S.-based Talos Energy's (TALO.N), opens new tab projects, after the billionaire businessman bought a stake last year in a major offshore project discovered by Talos. Speaking at a press conference, Mexico's richest person signaled he would like to grow... Continue Reading →
(OET) Japanese FPSO operator MODEC has confirmed the start of the construction phase for a floating production, storage, and offloading (FPSO) vessel, which is destined to work on ExxonMobil’s fifth oil development in the Stabroek block offshore Guyana. According to MODEC, a ceremony to mark the beginning of construction for its inaugural project in Guyana,... Continue Reading →
(OE) U.S.-based oil and gas services firm Helix Energy Solutions has secured the extension of its decommissioning contract with Trident Energy for work offshore Brazil. The contract extension is for an additional 12 months and in direct continuation of the current contract. The extension is expected to begin in the fourth quarter of 2024 at... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, further to the announcement made on 27/12/2023, informs that it has concluded the acquisition of stakes in the 3 exploratory blocks 10, 11 and 13, in São Tomé and Príncipe, Africa, and has signed amendments to the production sharing contracts and Joint Operating Agreements and became part of the consortia... Continue Reading →
In 2023, we delivered an excellent upstream operational performance, meeting all production forecasts for the year. Total annual production of oil and natural gas, of 2.782 MMboed, was 3.7% above the production of 2022. Our good results were made possible mainly by the start-up of FPSOs Almirante Barroso, Anna Nery and Anita Garibaldi, as well... Continue Reading →
(Reuters) - Brazil's state-run Petrobras (PETR4.SA), opens new tab is in talks with other national oil companies in China, India and the Middle East, including Kuwait Petroleum and Qatar Energy, to collaborate on energy projects, its chief executive said on Wednesday. The company is also keen to work with neighbouring Venezuela, Jean Paul Prates told Reuters on... Continue Reading →
In relation to the article published in the press this Tuesday (30/01) about Ibama predicting maximum environmental impact in oil exploration in Foz do Amazonas, Petrobras clarifies: Degree of impact: Firstly, we would like to clarify that Decree 6,848/09 establishes the guidelines for calculating the degree of impact of the activity, for the purpose of... Continue Reading →
Brazil Energy Insight 