Oil and gas company Premier Oil has hired a Valaris-owned drillship for operations on Block 717 located offshore Brazil. In an update on Tuesday, Premier said it had contracted the Valaris DS-9 drillship to drill the Berimbau/Maraca stacked prospects on Premier’s operated Block 717 in the Ceara Basin in Brazil. The well is scheduled to... Continue Reading →
Independent evaluation of Zama resources exceeds Talos Energy’s previous range
Results from an independent, third-party contingent resource evaluation of the Talos Energy-operated Zama discovery off Mexico exceed the company’s previously guided resource range. Houston-based Talos on Tuesday announced the finalization of the third-party contingent resource evaluation of the company’s globally recognized Zama discovery commissioned from Netherland, Sewell & Associates, Inc. (NSAI). Talos is the operator... Continue Reading →
Apache and Total tally significant oil find offshore Suriname
Apache and Total announced a significant oil discovery at the Maka Central-1 well drilled offshore Suriname on Block 58. The well was drilled using the drillship Noble Sam Croft with Apache as operator holding a 50% working interest and Total holding a 50% working interest. Maka Central-1 successfully tested for the presence of hydrocarbons in multiple stacked... Continue Reading →
Equinor and Shell forecast FPSOs for the pre salt Santos Basin
Jan 3, 2020 Equinor forecasts two FPSOs for Carcará Equinor will install two FPSO-type platforms to produce oil and gas in Carcará, in the Santos Basin pre-salt. The first production unit, with a capacity of 220,000 barrels per day of oil and 15 million m³ / day of natural gas, will be the largest in... Continue Reading →
Cosan licenses route for pre-salt natural gas/EPE estimates the construction of the route at R$4.8 billion
January 3, 2020 A 313 km long pipeline, being 294 km offshore and 19 km onshore, linking the Santos Basin pre-salt production hub to Madeira Island at the Itaguaí Port in Rio de Janeiro. This is Cosan's new project for harnessing pre-salt ultra-deepwater gas, in a project that begins with the discovery of Carcarcá, operator... Continue Reading →
PetroRio – IBrX-100 (B3) INDEX AND UPDATE OF HEDGE OPERATIONS
January 06, 2020 Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3) announces to its shareholders and to the market in general that as of this day, it has been included as part of IBXX (or IBrX-100 Index), which consists of the 100 most traded companies in Brazil’s main stock exchange. The Company had previously been... Continue Reading →
Equinor launches new plan to cut emissions in Norway to near zero by 2050
Norwegian oil and gas company Equinor has launched new climate ambitions to reduce the absolute greenhouse gas emissions from its operated offshore fields and onshore plants in Norway with 40% by 2030, 70% by 2040, and to near zero by 2050. By 2030 this implies annual cuts of more than 5 million tonnes, corresponding to... Continue Reading →
Mexico and Pemex Face Downgrade Risk
Mexico threw troubled state oil company Pemex a lifeline in 2019 to stop $80 billion in bonds held by investors worldwide being labeled junk by credit rating agencies. Now, investors worry that the state itself is a risk for Pemex. Mexico's creditworthiness came under increasing scrutiny in 2019, with two rating agencies flipping their sovereign... Continue Reading →
Brazil’s oil exports break record in December – increasing 9% in 2019
2 JAN 2020 Brazil's oil exports reached a record in December and are expected to continue to grow in the coming months and years, given a significant advance in production in the pre-salt fields, which could place Brazil among the top five global producers. The country exported 8.72 million tons in December, more than double... Continue Reading →
Repsol hits oil pay in Guyana well
Repsol is the operator of the Kanuku block with a 37.5% stake. Tullow also holds a 37.5% stake with Total holding the remaining 25%. Tullow Oil said on Thursday that the Carapa-1 exploration well had encountered approximately four meters of net oil pay based on preliminary interpretation, and has extended the prolific Cretaceous oil play... Continue Reading →
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