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3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in corporate governance and transparency, informs its investors and the market in general the preliminary unaudited production data for October 2022 in the assets that the Company holds participation. (1) Refers to the 35% Interest held by 3R in Pescada Cluster concessions. (2)... Continue Reading →
(Reuters) - Under pressure to increase production, Mexico's state oil company Pemex has risked fines for violations that cause environmental damage rather than delay output to fix the underlying issues, according to two senior company sources. The decision by Pemex to opt for fines instead of repairs represents a major blow to the oil regulator's... Continue Reading →
(Reuters) - U.S. company New Fortress Energy (NFE.O) expects to sign an agreement next week with the Mexican government for the development of a liquefied natural gas (LNG) project associated with Mexico's Lakach offshore gas field, a company executive said on Wednesday. A $1.79 billion project by state company Petroleos Mexicanos to develop the once-abandoned Lakach deepwater... Continue Reading →
(OET) Offshore drilling contractor Valaris has revealed that one of its rigs has completed its task in the U.S. Gulf of Mexico (GOM) with Murphy Oil, a Houston-based oil and gas company. As a result, the rig moved to Mexico to embark on drilling assignments, which were secured earlier this year. Back in January... Continue Reading →
(OE) Oil and gas exploration is likely to continue to have an important role in the decades to come, a view reinforced by the 2022 energy crisis and growing energy security needs, according to energy intelligence group Westwood. In the offshore drilling space, Westwood says that the year 2022 has seen a continued increase in... Continue Reading →
(OET) London-headquartered oil and gas company Tullow Oil is planning to drill four new wells at a field located offshore Ghana, which are expected to be brought on stream in 2023. Tullow Oil announced it is planning to drill two new production wells at Jubilee South East before the end of the year, and a... Continue Reading →
Trinidad and Tobago's Cabinet will make a decision soon on bids submitted for four deepwater exploration blocks that are key to expanding its natural gas production, Energy Minister Stuart Young said. The Caribbean country earlier this year offered 17 blocks off the northern and eastern coasts in a competitive auction that attracted only four bids... Continue Reading →
(YP) After a series of dry wells were drilled in the Guyana-Suriname Basin from the 1960s through to the 1980s, offshore Guyana and Suriname were ignored by global energy companies. Interest was reignited by ExxonMobil’s discovery of the Liza oilfield in the 6.6-million-acre Stabroek Block offshore Guyana in 2015. That was followed by a swathe of... Continue Reading →
The availability of emission-lowering upgrades for offshore rigs has been on the rise, but adoption of these new technologies is slow outside of Norway and the US Gulf of Mexico due to limited regulatory and financial incentives, energy intelligence group Westwood has found. According to Westwood the biggest users of rigs fitted with emission reduction... Continue Reading →
Italian energy industry services firm Saipem said Wednesday it had secured new offshore drilling contracts, three in the Middle East and two in West Africa, worth around $800 million in total. In the Middle East, two new contracts have been awarded for two high-specification jack-up drilling units, the Perro Negro 12 and Perro Negro 13,... Continue Reading →
Brazil Energy Insight 