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Jan 28, 2020 Report by consultancy Wood Mackenzie highlights that Petrobras and Shell found evidence of oil and gas in their wells, but nothing economically attractive for now Since 2017, oil companies have paid R$ 42 billion for exploration areas in the Brazilian pre-salt layer, one of the regions most coveted by multinationals. Despite this,... Continue Reading →
JAN 27, 2020 After being declared commercial by Equinor, in December last year, the Carcará area will gain a new name, well befitting the Norwegian culture. The asset will be renamed Bacalhau and the choice is interesting and symbolic because it is the first time, in the last 50 years, that a field in the... Continue Reading →
Karoon Energy has started drilling of the Marina‐1 exploration well located in Block Z‐38 Tumbes Basin, offshore Peru, using the Stena Forth drillship. The drillship arrived in Peru to drill the Karoon-operated well earlier in January. The wholly-owned, Karoon subsidiary, KEI (Peru Z‐38) Sucursal del Peru is the operator and has a 40% net interest in Block... Continue Reading →
Mexico’s energy services provider Grupo R has informed that its newbuild jack-up rig Cantarell III has arrived from Singapore to Mexico ahead of a new contract, which is set to start in March 2020. The Cantarell III jack-up rig was built by offshore rig builder Keppel in Singapore. Keppel completed and delivered the rig to the... Continue Reading →
Dutch shipbuilding company Damen has developed a new concept vessel – the Offshore Support Vessel (OSV) 9020. The vessel has been designed to perform a variety of offshore tasks both at surface level and subsea, Damen said in a statement on Monday. “We were approached by several different operators at the same time, all looking... Continue Reading →
ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil equivalent barrels and made a further oil discovery northeast of the producing Liza field at the Uaru exploration well, the 16th discovery on the Stabroek Block. The new recoverable resource estimate includes 15 discoveries offshore Guyana through year-end 2019.... Continue Reading →
Italian oil group ENI's Chief Executive Claudio Descalzi could step down if he is found guilty by an Italian court of corruption in Nigeria, he told the Wall Street Journal. Descalzi is one of the defendants in a case over the alleged payment of bribes to facilitate a $1.3 billion oil deal for Nigeria's OPL... Continue Reading →
Seismic services provider PGS has completed a 3D seismic program on the northern section of the CGX Energy-operated Corentyne block offshore Guyana. CGX is the operator of the Corentyne Block under a joint operating agreement with Frontera Energy. CGX has a 66.667% participating interest in the block, with Frontera holding the remaining 33.333% interest in... Continue Reading →
Andres Manuel Lopez Obrador, who swept into power in Mexico after promising big changes in the country’s energy markets, has been careful not to spook investors by canceling past reforms outright. Instead, the Mexican president spent his first full year in office chipping away at them one piece at a time, slowing private investment but... Continue Reading →
Prysmian Group, a services provider in the energy and telecom cable systems industry, has been awarded a contract by Libra, a consortium of international oil & gas operators, for steel tube umbilicals to be installed in the Mero oilfield, located offshore Brazil. The Libra Consortium is led by Petrobras – with a 40% interest –... Continue Reading →
Brazil Energy Insight 