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Oil and gas companies Apache and Total have been forced to stop drilling operations at an offshore well in Suriname due to "substantial pressure increases." As announced on January 14, the Keskesi East-1 well discovered oil, volatile oil, and condensate in the Upper Cretaceous-aged Campanian and Santonian intervals and, subsequently, continued drilling toward deeper Neocomian-aged... Continue Reading →
Dutch FPSO giant SBM Offshore has ordered the fourth Fast4Ward FPSO hull from the Chinese Shanghai Waigaoqiao Shipbuilding (SWS) shipyard. SWS said that his type of FPSO hull also adopts SBM’s ‘universal’ hull design concept and has an oil storage capacity of 2.3 million barrels of crude oil. It also meets the marine environmental conditions... Continue Reading →
U.S. oil major ExxonMobil is set to drill another well in the Canje Block, offshore Guyana, after it was last week announced that the first well drilled -the Bulletwood-1 - failed to strike commercial oil volumes. ExxonMobil has now moved Stena Drilling's Stena Carron drillship to the Jabillo-1 well location in the same block and... Continue Reading →
(Reuters) - Total’s chief executive said on Monday it could take two years for the world economy to recover from the coronavirus pandemic and that oil prices were unlikely to remain at the current high of $70 a barrel. “I am not betting on prices staying at $70 a barrel, for me the right price... Continue Reading →
Offshore seismic player Shearwater GeoServices has secured a contract for a 4D monitor acquisition survey from Total E&P Angola. The survey comprises a two-month project on the GJDR development area of Block 17 commencing in Q1 2021. For the purpose of the project, Shearwater said it will utilise one of its multisensor equipped vessels; in... Continue Reading →
CGX Energy, a Canadian-based oil and gas firm focused on Guyana, expects to spud an exploration well in its Corentyne block in the second half of 2021. In a recent update, CGX Energy said the Kawa-1 exploration is expected to be drilled to a depth of approximately 6,500 meters (“m”) in a water depth of... Continue Reading →
Brazilian oil company Enauta has launched the bidding process for the FPSO for the full development of the Atlanta field, in the Santos Basin, offshore Brazil. The Atlanta field has been producing oil via Petrojarl I FPSO - an early production system. Enauta expects that the bidding process for the full field development FPSo will... Continue Reading →
U.S. oil major ExxonMobil has recently awarded a contract extension to Seadrill for the use of the West Saturn drillship in Brazil. Seadrill revealed the news in its fourth-quarter 2020 presentation on Thursday. The offshore drilling contractor, which said it expected the 2021 rig demand to be bleak, said ExxonMobil earlier this year exercised the... Continue Reading →
The COVID-19 pandemic, 2020 crude oil price crash and ongoing global petroleum supply glut have done little to slow the growth of South America’s massive offshore oil boom. The colossal oil boom underway in the tiny South American nation of Guyana is gaining momentum, while Suriname is on the cusp of experiencing its own and... Continue Reading →
French oil services group CGG said on Friday it expects its 2021 segment revenue to increase by low single digits from the previous year, mainly driven by growth in its equipment business and a gradual recovery in geoscience from the second-half of the year. The group, which provides geophysical services and equipment to oil and... Continue Reading →
Brazil Energy Insight 