Category: Operators

With last block off Uruguay up for grabs, Isle of Man-based player as sole bidder anticipates award in coming weeks

(OET) Challenger Energy Group (CEG), the Isle of Man-headquartered oil and gas company focused on the Caribbean and Americas, has bid for and expects to be awarded a shallow water exploration block located off Uruguay. This is the sole remaining available block offshore Uruguay, as all other offshore exploration licences are held by energy majors: Shell and Apache... Continue Reading →

0

Petrobras on Production Sharing contracts

Petróleo Brasileiro S.A. – Petrobras informs that it signed today the Production Sharing Contracts (PSC) of the 1st Cycle of the Permanent Offer Bidding Round, held through a public session on 12/16/2022, for the blocks of (i) Água Marinha, in partnership with TotalEnergies (30%), QatarEnergy (20%) and Petronas (20%), (ii) Norte de Brava, where Petrobras... Continue Reading →

0

As farm-out process for block off Uruguay kicks off, multiple oil players show ‘strong’ interest

(OET) Challenger Energy Group, the Isle of Man-headquartered oil and gas company focused on the Caribbean and Americas, has started a farm-out process for a shallow water exploration block located offshore Uruguay, which has already attracted attention from several oil companies. Challenger Energy was awarded the AREA OFF-1 block in May 2020 by Uruguay’s state-owned oil and gas... Continue Reading →

0

Chinese shipbuilder delivers MODEC’s new giant FPSO destined for Brazilian waters

(OET) Dalian Shipbuilding (DSIC), part of China State Shipbuilding Corporation (CSSC), has delivered a floating production storage and offloading (FPSO) vessel bound for an Equinor-operated field off Brazil. Back in June 2021, Equinor made the final investment decision (FID) for the $8 billion worth Bacalhau project. A few days later, MODEC officially confirmed a contract award with Equinor to deliver the engineering, procurement,... Continue Reading →

0

Ecopetrol, Repsol make hydrocarbon discovery in Colombia

(Reuters) - Colombian majority-state-owned oil company Ecopetrol and Spanish energy business Repsol have discovered hydrocarbons at the Tinamu-1 exploration well in Colombia's Meta province, the companies said on Monday. The well is located in the CPO-9 block, in which Ecopetrol (ECO.CN) holds a 55% stake and serves as the operator, while Repsol (REP.MC) holds the remaining 45%, the companies... Continue Reading →

0

Blog at WordPress.com.

Up ↑