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Offshore engineering firm Aquaterra Energy has signed an engineering and design service agreement with an unnamed "supermajor" to deliver multiple offshore platforms over a three-year period. The platforms, of Aquaterra Energy's Sea Swift design, will be destined for off the coast of the Cabinda Province, offshore Angola. "Won through a competitive tender process, Aquaterra Energy... Continue Reading →
Mexican President Andres Manuel Lopez Obrador said on Monday his government is tackling the debt burden of state oil company Petroleos Mexicanos (Pemex) and hinted he would try to use funds from the International Monetary Fund (IMF) to do so. Asked at a regular government news conference how his government would help Pemex in the... Continue Reading →
Brazilian oil firm Enauta is again experiencing problems with the pump system at its Atlanta field offshore Brazil, with output from one well now interrupted. Enauta said that the output interruption occurred on Sunday, September 5. "At this moment, two wells are operational in the field, with a daily average production of nearly 14,000 barrels... Continue Reading →
(Bloomberg) --Talos Energy Inc., the U.S. offshore explorer behind Mexico’s largest oil discovery in years, is taking the first step toward an international dispute after control of the field was given to state producer Pemex. The Houston-based driller sent the Mexican government a dispute notice Friday, a required step before moving to arbitration under the... Continue Reading →
(epbr) The ANP's Special Bidding Commission approved the registration of 3R Petroleum in the 17th bidding round, scheduled to take place on October 7th. The Round will offer exploratory blocks for oil and gas in the Campos, Santos, Potiguar and Pelotas basins. -- 3R's entry into the auction may indicate a broadening of focus on... Continue Reading →
(Bloomberg) --Mexico’s new Finance Minister Rogelio Ramirez de la O said he will continue support for state oil giant Pemex, but it’s too late to change the country’s oil laws. “The government is in full position to keep supporting Pemex,” Ramirez de la O said at a Moody’s event Thursday. But the government will also... Continue Reading →
Oslo-listed oil and gas company BW Energy's recently announced offshore oil discovery in Dussafu Block in Gabon is smaller than expected. The company in August said it had discovered oil in the Hibiscus North exploration well (DHBNM-1) in the Dussafu Block, offshore Gabon, but the size estimate would have to wait until the drilling has... Continue Reading →
Oil major Shell has reported that one of its Gulf of Mexico platforms has been damaged in Hurricane Ida and 80 per cent of the company’s operated production in the Gulf is still offline. Shell conducted an initial flyover of its assets in the path of Hurricane Ida. During this initial flight, Shell observed damage... Continue Reading →
Offshore rig owner Noble Corporation has declared force majeure on the Noble Globetrotter II ultra-deepwater drillship following damages sustained as a result of Hurricane Ida. A number of crew members were injured during the storm. As previously reported, the vessel encountered severe weather during Hurricane Ida and Noble is working on plans to bring the drillship... Continue Reading →
(Reuters) - Oil major Chevron (CVX.N) plans to invest $600 million in two soybean crushing facilities owned by U.S. agricultural commodities trader Bunge Ltd (BG.N), securing future feedstock for renewable fuels, the two companies said on Thursday. The investment will result in a 50/50 joint venture, under the memorandum of understanding the two companies said they reached. U.S.... Continue Reading →
Brazil Energy Insight 