Brazil Likely to Explore Equatorial Margin for Oil, Finance Minister Says

Brazil will likely end up exploring the Equatorial Margin for oil but state-run Petrobras should adopt a "cautious" approach given the need for precautions to protect the environment, Finance Minister Fernando Haddad said on Sunday. The Equatorial Margin is some 2,200 kilometers (1,370 miles) of deepwater and ultra-deepwater assets along Brazil's northern and northeastern coast. "We may need oil from the Equatorial Margin on... Continue Reading →

September 18, 2023 0

Azule Energy, Equinor sign agreement for exploration block offshore Angola

(OM) Azule Energy, the joint venture between BP and Eni, and Equinor have signed a production sharing agreement for block 31/21 offshore Angola with the country’s National Agency of Petroleum, Gas and Biofuels. The award, related to Angola’s 2021/2022 Limited Offshore Licensing Round, covers a 4,500-sq km deepwater area in the Lower Congo basin, 170... Continue Reading →

September 15, 2023 0

Guyana receives bids for eight oil and gas blocks, including from Exxon and Total

(Reuters) - Guyana on Wednesday received bids for eight of 14 offshore oil and gas exploration blocks offered in its first auction, including from groups formed by Exxon Mobil (XOM.N) and TotalEnergies (TTEF.PA), according to the government and documents seen by Reuters. The South American country wants to quickly expand its energy industry and recruit a wider range... Continue Reading →

September 14, 2023 0

TotalEnergies to Evaluate $9 Billion Energy Project in Suriname

(Reuters) TotalEnergies will begin studies for developing a $9 billion oil and gas project at Suriname's most promising offshore area, the French energy firm said on Wednesday during a visit by its CEO to the South American country. CEO Patrick Pouyanne met with Suriname President Chan Santokhi on Wednesday to discuss the project, which could inaugurate Suriname's offshore production. TotalEnergies... Continue Reading →

September 14, 2023 0

FPSO Sepetiba – Petrobras in final preparations to start production

(PN) Petrobrás in final preparations to begin operating its newest platform, the FPSO Sepetiba. The unit arrived in Brazil last weekend and is expected to begin production in the Mero field, in the Santos Basin, during the fourth quarter of this year. The FPSO will have the capacity to produce up to 180 thousand barrels... Continue Reading →

September 12, 2023 0

International Energy Majors Interested In Colombia’s Offshore Gas

(OP) International oil and gas majors, including UK-based Shell and Brazil’s Petrobras, have shown interest in expanding their participation in natural gas projects offshore Colombia, Ricardo Roa, the head of Colombia’s state energy firm Ecopetrol, has told Bloomberg in an interview. Colombia’s Caribbean coast has several promising offshore gas projects and recent deepwater discoveries have raised the... Continue Reading →

September 12, 2023 0

Valaris Secures $65 Million in New Offshore Drilling Contracts

(OE) Valaris announced new drilling contracts worth $65 million in total, excluding lump sum payments such as mobilization fees and capital reimbursements. These contracts were awarded after the company issued its most recent fleet status report on August 1, 2023. Contract backlog Valaris secured a one-well contract with BP offshore Brazil for drillship VALARIS DS-15.... Continue Reading →

September 12, 2023 0

TotalEnergies CEO to visit Suriname, sees sizeable deepwater development

(Reuters) - TotalEnergies' (TTEF.PA) Chief Executive Patrick Pouyanne will visit Suriname next week with the possibility of "good news" on developing oil projects in the South American country, he said on Wednesday at a conference. France's TotalEnergies (TTEF.PA) and partner U.S. APA Corp (APA.O) are expected to make a final investment decision by the end of 2024 for block 58, Suriname's... Continue Reading →

September 6, 2023 0

Petrobras predicts that by 2027, 11 new FPSOs will be installed in the pre-salt layer

(TN) The pre-salt completes 15 years of production in September with renewed vigor – and a perspective of expressive growth in the coming years. To get an idea, Petrobras plans to install 11 new platforms to produce in that layer by 2027. Since December 2022, the company has already put into production two new pre-salt... Continue Reading →

September 5, 2023 0

Suriname Oil Boom Back On Track As New Discoveries Excite Investors

Suriname, struggling with political unrest and a debt crisis, pins hopes on its oil sector after TotalEnergies delayed the billion-dollar final investment decision for Block 58. Latest appraisal drilling confirms that Block 58 could contain as much as 6.5 billion barrels of exploitable oil resources, boosting prospects for an oil boom similar to neighboring Guyana.... Continue Reading →

August 28, 2023 0

Category: Offshore blocks

Brazil Likely to Explore Equatorial Margin for Oil, Finance Minister Says

Azule Energy, Equinor sign agreement for exploration block offshore Angola

Guyana receives bids for eight oil and gas blocks, including from Exxon and Total

TotalEnergies to Evaluate $9 Billion Energy Project in Suriname

FPSO Sepetiba – Petrobras in final preparations to start production

International Energy Majors Interested In Colombia’s Offshore Gas

Valaris Secures $65 Million in New Offshore Drilling Contracts

TotalEnergies CEO to visit Suriname, sees sizeable deepwater development

Petrobras predicts that by 2027, 11 new FPSOs will be installed in the pre-salt layer

Suriname Oil Boom Back On Track As New Discoveries Excite Investors

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