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(Reuters) - A natural gas project to be developed in Venezuelan waters by Shell (SHEL.L) and Trinidad and Tobago's state firm National Gas Company (NGCTT.UL) could achieve first output in the next two years if a positive investment decision is made, Trinidad officials said on Friday. Venezuela and Trinidad on Thursday signed a 30-year license granting Shell... Continue Reading →
(Reuters) - Equinor (EQNR.OL) has secured stakes in two more oil exploration blocks offshore Angola as it seeks to extend its presence in the country, the head of the Norwegian company's Africa operation said in a statement on Friday. Equinor is reshaping its international portfolio, announcing a sale on Friday of all assets in Azerbaijan while deepening its commitment... Continue Reading →
(OE) Offshore drilling contractor Seadrill on Friday announced that Petrobras has awarded 1,064-day fixed-term contracts to each of the West Auriga and the West Polaris in Brazil. The contracts are expected to commence in the fourth quarter of 2024 and represent total contract value of approximately $1.1 billion, inclusive of additional services and mobilization fees,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 09/08/2021, 10/27/2021 and 03/29/2023, informs that it has signed today, with Enauta Energia S.A. ("Enauta"), contracts for the assignment of its entire stake in the Uruguá and Tambaú fields, in deep waters in the post-salt, located in the Santos Basin. The amount to... Continue Reading →
Shell Offshore Inc., a subsidiary of Shell plc, today announced the Final Investment Decision (FID) for Sparta, a deep-water development in the U.S. Gulf of Mexico that represents our competitive approach to simplifying and replicating projects. Owned by Shell Offshore Inc. (51% operator) and Equinor Gulf of Mexico LLC (49%), Sparta is expected to reach a... Continue Reading →
(OE) Offshore drilling contractor Noble Corporation has secured a contract with Petrobras for the semi-submersible rig Noble Discoverer to provide drilling services offshore Colombia. The contract has a firm duration of 400 days, with expected start in Q2 2024. According to Noble, the contract further contains an option to extend the duration by 390 days.“We... Continue Reading →
(TN) The Petrobras drill ship that will be responsible for drilling the Pitu Oeste well, on the Equatorial Margin, arrived in the state of Rio Grande do Norte. The vessel left Rio de Janeiro on December 6th and will begin operating later this month in the BM-POT-17 concession. The license to drill exploratory wells, in... Continue Reading →
(PN) Petronas began drilling its first exploratory well in the country this week. The activity took place in a water depth of 3,027 meters, in block C-M-661, in the Campos Basin. The well is being drilled by the Valaris Renaissance rig (DS-15) and has been named Mola-1. As a reminder, block C-M-661 was purchased by... Continue Reading →
(OE) Malaysian oil company Petronas has signed production sharing contracts for Suriname’s offshore Blocks 64 and 64 with the country’s state-owned Staatsolie Maatschappij Suriname. Petronas Suriname E&P won the blocks, located in the Guyana-Suriname Basin, during the Suriname Demerara Bid Round 2022-2023 in June 2023. Block 63 has an area of 5,425 sq km and... Continue Reading →
(Reuters) QatarEnergy signed two production sharing contracts on Friday relating to two marine areas off the coast of Suriname, rights to which it won during an auction held last June, the company said in a statement. "QatarEnergy will own a 30% working interest in block 64, while TotalEnergies, the operator, will own 40%, and Petronas... Continue Reading →
Brazil Energy Insight 