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(OM) Woodside Energy has awarded a contract to Mexican company Eseasa Offshore to supply shore base facilities and services for Woodside’s operations supporting the Trion oil and gas project offshore Mexico. Woodside says it is continuing to progress the Trion project toward first oil in 2028. Eseasa will provide a broad range of services out of its... Continue Reading →
(OM) Perenco Brazil’s double-hulled FSO Pargo has received first oil from the Pargo Cluster in the Campos Basin offshore Brazil. This follows recent clearance from the Brazilian regulatory authorities earlier. The vessel, converted in Dubai, has a crude storage capacity of 740,000 bbl. It is anchored by nine moorings connected to a new integrated turret system, and it... Continue Reading →
(Reuters) - Brazil's government believes state-run oil firm Petrobras (PETR4.SA) could increase its stake in petrochemical producer Braskem (BRKM5.SA) to facilitate an eventual sale to foreign buyers, a person familiar with the discussions said on Tuesday. Probes of Braskem have mounted as the ground has been sinking in the city of Maceio, in Alagoas state, where the company operates... Continue Reading →
(OGJ) Argentina’s Tecpetrol plans to produce 100,000 b/d of crude oil through Vaca Muerta projects Puesto Parada and Los Toldos II, said Ricardo Markous, chief executive officer. The company—which revolutionized the gas market in Argentina with the Fortín de Piedra field in Vaca Muerta where it has invested about $3.5 billion and produces a peak... 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 →
Petróleo Brasileiro S.A. – Petrobras, further to the announcements made on May 24, 2022 and August 5, 2022, informs that, after complying with internal governance procedures, it has signed a new amendment to the natural gas purchase agreement with Yacimientos Petrolíferos Fiscales Bolivianos (YPFB). The amendment signed today changes the delivery profile of the total... Continue Reading →
(Reuters) - Mexican state energy company Pemex's mounting debt with oil service providers as well as private crude and gas producers threatens production, investment and in some cases even the survival of suppliers, industry groups warned. In addition to financial debt of more than $105 billion, the company disclosed that at the end of September... Continue Reading →
Bruce Beaubouef * Managing Editor(OM) The outlook for international E&P for next year “remains healthy,” according to Evercore ISI’s latest Offshore Rig Market Snapshot report. The report borrowed from the firm’s recently released 2024 Evercore ISI E&P spending survey and 2024 Oilfield Services outlook, which found that E&P spending growth in the US for 2024... Continue Reading →
Brazil Energy Insight 