Mexican national oil and gas company Pemex has restarted production from its Ku-Maloob-Zaap complex, located offshore Mexico, following a shutdown due to a fatal incident earlier in August. The fire erupted on the E-Ku-A2 platform located in the Bay of Campeche in the Gulf of Mexico on Sunday, 22 August 2021. The incident resulted in the deaths of five... Continue Reading →
CADE APPROVES SALE OF PETROBRAS PARTICIPATION IN THE PAPA-TERRA FIELD TO 3R PETROLEUM
(PetroNoticias) The Administrative Council for Economic Defense (CADE) approved the sale of Petrobras' 62.5% stake in the Papa-Terra field to 3R Petroleum. The $105.6 million transaction was announced in July this year. Of the total, US$ 6 million were paid in cash, while another US$ 9.6 million will be paid when the deal is closed.... Continue Reading →
Third time’s a charm? ExxonMobil Spuds Sapote-1 Well in Canje Block, Offshore Guyana
U.S. oil major ExxonMobil has spudded the Sapote-1 well on the Canje Block, offshore Guyana. This is the company's third well in the block drilled this year. The first two wells, Bulletwood-1 and Jabillo-1, failed to find evidence of commercial hydrocarbons. The news of the drilling startup was shared by Eco Atlantic, which, in turn, was informed of... Continue Reading →
CGX to Drill Another Well in Guyana Using Maersk Discoverer Rig
CGX Resources has exercised an option to drill one more exploration well offshore Guyana using Maersk Drilling's Maersk Discoverer drilling rig, the Danish drilling firm has confirmed. CGX, which started drilling a week ago at its first well - the Kawa-1 - in the northeast quadrant of the Corentyne block, about 200 kilometers offshore from Georgetown,... Continue Reading →
Petrobras on Potiguar Cluster divestment
Petróleo Brasileiro S.A. - Petrobras, regarding the pieces of news in the media about the divestment project of the Potiguar Cluster, which includes a set of 26 concessions of onshore and shallow waters production fields, including the Clara Camarão refinery, in the state of Rio Grande do Norte, clarifies that it has received binding offers... Continue Reading →
Shareholder group asks Petrobras to skip auction of areas near coral reefs
(Reuters) - Anapetro, an association of shareholders in Brazil's Petrobras (PETR4.SA)who are also employees, on Thursday publicly asked the state-run oil company to skip an upcoming auction of an oil area near coral reefs, due to environmental concerns. In a public letter to company management, Anapetro said 14 of the 92 offshore oil exploration areas due... Continue Reading →
Malaysia’s Petronas posts Q2 profit amid fragile recovery in prices, demand
(Reuters) - Malaysian state energy giant Petronas (PETR.UL) announced a flip to a second-quarter profit on Friday on the back of a recovery in prices and demand, but said it will be a "long, drawn out process" before the industry returns to pre-pandemic levels. Petronas, or Petroliam Nasional Berhad, posted a post-tax profit of 9.6... Continue Reading →
PETROBRAS STARTS DRILLING THE FIRST ARAM WELL IN THE PRE-SALT OF THE SANTOS BASIN
(PetroNoticias) Petrobras started drilling a wildcat well in the Aram block, in the pre-salt of the Santos Basin. The activity is being carried out in a water depth of 1,904 meters by the drillship Brava Star, from Constellation. The information was released by the National Petroleum Agency (ANP). The Aram block is operated by Petrobras... Continue Reading →
ExxonMobil gearing up to spud third well in Canje block
Oil major ExxonMobil is preparing to start drilling operations on its third well in the Canje Block offshore Guyana this year, using a Stena Drilling-owned drillship. In an update on Thursday, Westmount Energy noted the announcement by the Maritime Administration Department, Guyana, dated 25 August 2021, that the Stena DrillMAX drillship will start drilling operations at... Continue Reading →
Offshore energy will power the world: 2021-2040 FPSO forecast – Special Focus
(World Oil) Operators are strategically navigating the changing dynamics of the energy market with continued investment in the floating offshore sector. The offshore energy market is in flux. Economic effects from the Covid-19 pandemic, changing global attitudes toward energy, and the growing importance of ESG matters have disrupted the ways that companies do business. Although... Continue Reading →
