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Oct. 20 (offshore-energy.biz) With more than a billion barrels of oil in its sights, Ireland-headquartered and AIM-listed United Oil & Gas (UOG) is laying the groundwork for its next offshore move to sweeten the pitch for prospective partners in the Caribbean, with a fresh study that maps out a double-digit rig pool, local logistics, and... Continue Reading →
Oct. 20 (TN) On October 18, the FPSO P-82 departed from the Tuas Boulevard Yard in Singapore, bound for the Búzios field in the pre-salt region of the Santos Basin—the field with the largest reserves and production volume in Brazil. The P-82 is one of six giant FPSOs commissioned by Petrobras; with a nominal production... Continue Reading →
Oct 19 (Reuters) - Oilfield service companies including Weatherford International, Baker Hughes, Halliburton and SLB are advertising dozens of jobs in Venezuela, according to company websites, an early sign that a Washington-backed plan to rebuild the country's energy industry is gaining traction. The hiring could help reverse a sanctions-era exodus of companies and professionals from... Continue Reading →
Oct 17 (Reuters) - Venezuela expects nearly $76 billion in oil investment over the next five years under recently signed agreements, acting President Delcy Rodriguez said on Saturday, adding that a bilateral accord with the US includes plans to drill 250 rigs. Since the January ouster of President Nicolas Maduro, the country has been reopening... Continue Reading →
Oct. 19 (oilnow.gy) ExxonMobil is evaluating wells near its Ranger discovery offshore Guyana for possible tiebacks to a future development, with Rockhead among the wells drilled this year. John Ardill, ExxonMobil’s vice president, outlined the work in a LinkedIn post. The exploration and appraisal program is gathering subsurface data to assess a commercial development in... Continue Reading →
Oct. 17 - bp has identified signs of hydrocarbons in well 1-BP-14-SPS, the first exploratory well drilled in the Tupinambá block, located in the pre-salt layer of the Santos Basin. Drilling took place in September using Transocean’s Deepwater Mykonos drillship. The company acquired a 100% stake in the block during the second cycle of the... Continue Reading →
Oct. 17 (oilnow.gy) Guyana’s first competitive oil auction offered more shallow water blocks than deep water acreage. Eleven of the 14 blocks were in shallow water, and six were selected for negotiations in October 2023. The round, launched in December 2022 and closed in September 2023, formed part of efforts to attract additional operators to... Continue Reading →
Oct. 15 (TN) Equinor is celebrating the first year of production at the Bacalhau field, reaching the milestone of 25 offloading operations and 25 million barrels of oil produced. This achievement coincides with the company’s 25th anniversary in Brazil and underscores the field’s strategic importance to Equinor’s long-term growth in the country. Operated by Equinor—in... Continue Reading →
Oct 15 (Reuters) - ExxonMobil has told Guyana it will need more offshore gas to maximize oil production than the government had expected, potentially leaving less for liquefied natural gas production and exports, two people close to the talks said. Guyanese officials are now weighing whether to shrink a planned LNG project or skip exports... Continue Reading →
Oct 15 (Reuters) - Angola intends to implement faster exploration concessions from next year as part of a new long-term hydrocarbon strategy that aims to attract investment and stimulate oil and gas production, a senior government official said on the sidelines of an energy conference in Cape Town. Here are some details: The 25-year plan... Continue Reading →
