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French energy giant TotalEnergies has exercised an option for the extended use of one of Maersk Drilling's offshore drilling rigs in Suriname. TotalEnergies, which became the operator of the prolific Block 58 in January where it has in the past year with partner Apache struck several oil discoveries, has now added one additional appraisal well to the... Continue Reading →
(Reuters) - The world's newest oil-producing nations grabbed the spotlight at this week's Offshore Technology Conference with ambitious plans to tap oil and gas discoveries in a race against a global energy transition to lower-carbon fuels. At the conference highlighting renewable and cleaner-burning fuels and investors moving bets away from fossil fuels, Brazil, Ghana, Guyana,... Continue Reading →
Guyana's economy is expected to expand by 500% by 2030 as companies continue to plumb its offshore oil and gas reserves, a government official said on Wednesday. The small South American country has become one of the world's oil exploration hotspots after a group led by Exxon Mobil Corp discovered more than 9 billion barrels... Continue Reading →
China's top offshore oil and gas driller CNOOC Ltd said on Thursday its first-half net profit more than tripled from a low base last year, supported by rebounding oil prices and recovering energy demand after the pandemic. CNOOC Ltd, a listed branch of China National Offshore Oil Corp, said net profit reached 33.33 billion yuan... Continue Reading →
Strohm, a business that specializes in composite pipe technology, announced on Thursday that it had opened a new office in Rio de Janeiro and that it was establishing a center of excellence for developing its Thermoplastic Composite Pipe (TCP) technology as part of its South American expansion strategy. "Strohm is extending its footprint in Brazil... Continue Reading →
(Reuters) - Guyana and Suriname expect continued exploratory drilling over the next two years by oil majors in their joint offshore basin after a string of recent discoveries, government officials and corporate executives said at a conference on Wednesday. The neighboring South American countries, along with Brazil, attracted the most attendees to sessions at the... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) sees its investments in Brazil's offshore helping the company achieve a goal of lowering carbon emissions in its oil and gas production, country head Juan Lessmann said on Wednesday. Exxon's board is considering a pledge to cut carbon emissions to net zero by 2050 amid pressure from big investors to address... Continue Reading →
The four contracts for surplus volumes of the Transfer of Rights - Búzios and Itapu (already signed) and Sépia and Atapu (which will go up for auction next December) - should account for 56% of production under the sharing regime by 2030, producing 4 billion barrels of oil in the decade. In total, the estimated... Continue Reading →
(epbr) The ANP's Special Bidding Committee approved the registration of Chevron, Ecopetrol, Murphy Exploration, Petrobras, Shell and TotalEnergies in the 17th bidding round, scheduled for October 17th. -- The 17th round foresees the offer of 92 exploratory blocks, all offshore, divided into 11 sectors of four Brazilian sedimentary basins – Campos, Pelotas, Potiguar and Santos... Continue Reading →
(Reuters) - BHP Group (BHP.AX) has agreed to sell its petroleum business to Woodside Petroleum in a merger to create a top 10 independent oil and gas producer worth A$38.5 billion ($28 billion) with growth assets in Australia and the Americas. BHP's exit from petroleum, which made up just 5% of its annual earnings, speeds up its... Continue Reading →
Brazil Energy Insight 