Brought to you by Quest Offshore & Southern Cone Consultants
After years of expensive carbon capture and storage (CCS) studies and test centers, Europe has now reached a phase where large-scale CCS developments make sense financially, Norwegian energy market intelligence group Rystad Energy has said. In a report on Monday, Rystad said that CCS in Europe could trigger up to $35 billion in development spending... Continue Reading →
French oil major Total has given up operatorship over five exploration blocks located in the Foz do Amazonas Basin, offshore Brazil. "Total announces that it has notified its partners on August 19 about its resignation from its role of operator for five exploration blocks, located in the Foz do Amazonas Basin, 120 kilometers offshore Brazil,"... Continue Reading →
September 4, 2020 Petróleo Brasileiro S.A. – Petrobras informs the conclusion of the Drill Stem Test (DST) in the area of Júpiter Discovery Assessment Plan, located in the Santos Basin presalt. The Jupiter area belongs to the BM-S-24 concession, in which Petrobras is the operator, with an 80% interest, and was acquired in 2001 in... Continue Reading →
An idled oil storage facility off Venezuela's eastern coast is in "satisfactory" condition, an official with state company Petroleos de Venezuela said, after a series of incidents in recent months raised concerns about environmental hazards. About 1.3 million barrels of Corocoro crude have been stuck for over a year aboard the Nabarima FSO (floating storage... Continue Reading →
A Mexican government plan to boost the energy sector that could be unveiled in the coming weeks will not likely include any new exploration or production projects open to private or foreign oil firms, the head of an oil sector trade group said Thursday. A possible infrastructure investment plan from President Andres Manuel Lopez Obrador aimed at boosting Mexico's... Continue Reading →
Sept 3, 2020 The Lula field, in the pre-salt of the Santos basin, achieved a feat that is not yet properly recognized internationally: it is today the seventh field with the largest oil production in the world, surpassing emblematic assets in the onshore and offshore of countries like Russia, United States and Iraq. With a... Continue Reading →
Sept 3, 2020 ExxonMobil signed a contract with C-Innovation, a company of the Edison Chouest Offshore group, for the chartering of an ROV capable of operating in water depths of up to 4 thousand m. The deal is aimed at the exploratory campaign that will be carried out in Brazil, in early 2021, with the... Continue Reading →
Sept 3, 2020 Total started a new environmental licensing process for drilling seven exploratory wells in the area of blocks FZA-M-57, FZA-M-86, FZAM-88, FZA-M-125 and FZA-M-127, in the Basin of Foz do Amazonas. The company was forced to restart the licensing of the projects after the environmental agency dismissed, in April last year, the reconsideration... Continue Reading →
Venezuelan state oil company PDVSA and Italy's Eni are looking at options to safely offload crude from a floating storage facility on Venezuela's eastern coast that has remained idle for over a year due to U.S. sanctions, according to sources close to the discussions. The companies suspended output at their joint venture Petrosucre shortly after... Continue Reading →
Mexican national oil company Pemex and Hokchi Energy have begun the first stage of unitization negotiations over a possible offshore shared reservoir in the southern Gulf of Mexico, Mexico's energy ministry told Reuters on Wednesday. The ministry said Pemex, formally known as Petroleos Mexicanos, told it in May that an exploratory well it drilled in... Continue Reading →
