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(Reuters) - Shell (SHEL.L) plans to increase its oil production by 5,000 barrels per day (bpd) in Argentina's Vaca Muerta shale formation to 50,000 bpd by the end of the year despite limitations on investment, its chief executive said on Tuesday. Ricardo Rodriguez, Shell's CEO in Argentina, said at an oil and gas conference in Buenos Aires... Continue Reading →
(OM) Wintershall Dea has issued a brief update on the Fénix subsea development in the Cuenca Marina Austral 1 (CMA-1) concession, offshore Argentina. The company is a partner to operator TotalEnergies: Pan American Energy is the other co-venturer. Work on Fénix is progressing as planned, with the first concrete blocks that will support the subsea... Continue Reading →
(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 →
(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 →
(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 →
Italian oilfield services provider Saipem has taken delivery of a recently chartered seventh-generation drillship, which is expected to work for Eni off Ivory Coast in West Africa, following a deal worth $400 million. Saipem entered into a three-year firm bareboat charter agreement with Deep Value Driller for the Deep Value Driller drillship. This contract may be extended by up... Continue Reading →
(OET) Brazilian oil and gas player Enauta is anticipating the return of production from a floating, production, storage, and offloading (FPSO) vessel, which is working on a field off Brazil, by October 2023. Previously, the production was expected to resume by early September 2023. Enauta started preventive maintenance at the FPSO Petrojarl I in May 2023 and the production... Continue Reading →
(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 →
(Reuters) Shell and Trinidad and Tobago's National Gas Company (NGC) are close to agreeing to credit Venezuela's state-run oil firm for its $1 billion investment in a gas field the three want to jointly develop, four people close to the discussions said. If agreed, the move could help speed a long-stalled offshore development. The U.S. in January... Continue Reading →
(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 →
Brazil Energy Insight 