China's state-run offshore oil and gas major CNOOC Ltd said it plans to raise up to 35 billion yuan ($5.41 billion) in a new share issue on the Shanghai stock exchange to fund several key oil and gas projects. The domestic fund-raising plan came as U.S. sanctions on CNOOC has forced global investors to exit... Continue Reading →
Fugro wraps up geohazard survey offshore Suriname
Fugro has completed a geohazard site investigation programme for TotalEnergies off the north-west coast of Paramaribo in Block 58 of the Guyana-Suriname Basin. The project involved the acquisition and analysis of geophysical data and geotechnical soil samples approximately 150 kilometres offshore in water depths ranging from 60 metres to 2,100 metres. Fugro carried out the... Continue Reading →
Harbour re-focuses Latin America operations on Mexico
Harbour Energy will exit its exploration license interests in the Ceará basin off northeast Brazil and in the Burgos basin offshore Mexico. The company, formed last year from the merger between Chrysaor and Premier Oil, said its exploration strategy was to focus mainly on infrastructure-led, lower risk opportunities in areas where the company already has a producing... Continue Reading →
PETRORIO CONTRACTED SCHLUMBERGER, BAKER AND HALLIBURTON FOR FRADE AND WAHOO
(PetroleoHoje) PetroRio defined the contracting of the drilling service for the Frade and Wahoo projects, in the Campos Basin. The start of the campaign is scheduled for the first quarter of 2022. Instead of the original proposal to close a single package, the oil company opted to split the process into three different businesses, hiring... Continue Reading →
Eni fires up second offshore project in Angola this year
Italian oil and gas company Eni has started production from the Cabaça North development project, in Block 15/06 of the Angolan deep offshore, via the Armada Olombendo FPSO. The Cabaça North development, with an expected peak production rate in the range of 15 kbopd, will increase and sustain the plateau of the Armada Olombendo. The... Continue Reading →
Exploration well off Guyana on track to reach total depth in December
Following the spud in August 2021, the Kawa-1 exploration well, located offshore Guyana, is on track to reach total depth in the first half of December 2021. So far, the well results are consistent with pre-drill geological and geophysical expectations. The Kawa-1 well is located on the Corentyne Block where CGX Energy is the operator... Continue Reading →
Wilson Sons to provide logistical support for TotalEnergies project in the Campos Basin
(Portos e Navios) Wilson Sons signed a contract with TotalEnergies EP Brasil for logistical support for the drilling campaign in Block C-M-541, located in the Campos Basin. The project will be served by Base Rio, the Company's offshore support base, located in the port region of Rio de Janeiro, in Guanabara Bay. TotalEnergies expanded its... Continue Reading →
ANP APPROVES REDUCTION OF ROYALTIES FOR SMALL AND MEDIUM-SIZED PRODUCERS
The board of the National Petroleum Agency (ANP) approved a resolution that will reduce the collection of royalties for small and medium-sized oil companies operating in the country. With the new standard, the new percentages charged will be 5% for small companies and 7.5% for medium companies. As is to be expected, the measure is... Continue Reading →
AUTHORIZED TRANSFERS OF THE MIRANGA CLUSTER TO PETRORECONCAVO AND OF THE PEROA CLUSTER TO 3R PETROLEUM
(PetroNoticias) The National Petroleum Agency (ANP) approved the transfer of 100% of the Petrobras stake in the Miranga cluster in Bahia, to PetroReconcavo. The regulatory agency also gave the green light for the full sale of Polo Peroa, in the shallow waters of Espírito Santo, to 3R Petroleum. As a reminder, the sale of the... Continue Reading →
ExxonMobil Hires PGS for 3D Seismic Survey in Suriname
U.S. oil major ExxonMobil has awarded Norwegian offshore seismic data acquisition firm PGS a contract for a 3D survey offshore Suriname. PGS' 104.2 meters long Ramform Tethys seismic vessel is scheduled to start the acquisition during the fourth quarter of 2021, and it is planned to complete in the first quarter of 2022. The vessel... Continue Reading →
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