Brought to you by Quest Offshore & Southern Cone Consultants
An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation, according to people familiar with government estimates. Exxon Mobil Corp., Royal Dutch Shell Plc and other energy giants are set to vie for deep-sea deposits that could hold 15 billion barrels... Continue Reading →
A triangular business arrangement involving an equipment supplier, service provider and Petróleos Mexicanos (Pemex) has stumbled into the federal civil courts in a dispute over the disbursement of funds. A dispute over the disbursement of funds led to a complaint filed in District 7 on December 16, 2016 (File #666/2016) by Mexico City-based TRESE (its... Continue Reading →
October 21, 2019 Shell announced the sale of 30% of its stake in the project Gato do Mato, which includes exploratory blocks BM-S-54 and Sul de Gato do Mato, in the Santos Basin, to Ecopetrol. With this operation, which has to be approved by the National Petroleum Agency (ANP) and the Administrative Council for Economic... Continue Reading →
Total announced plans to open a Digital Factory in Paris in early 2020 that will bring together up to 300 developers, data scientists and other experts to accelerate the group’s digital transformation. Total’s goal is to leverage the capabilities of digital tools to create value in all of its businesses. The Digital Factory will be tasked with developing... Continue Reading →
Karoon Energy has signed a marketing agreement with Shell West, a member of the Royal Dutch Shell group, to trade and ship crude oil production from the Baúna field located offshore Brazil. The Baúna field, located in the Santos Basin off the coast of the state of São Paulo, started its operations in February 2013... Continue Reading →
Oct 18, 2019 Project forecasts supply of thermoelectric plant in Roraima with natural gas produced in the field Eneva has begun construction of the Azulão field liquefaction terminal in the Amazon Basin. The integrated project also includes the installation of a gas treatment unit and the construction of a thermoelectric plant in the municipality of... Continue Reading →
Oct 18, 2019 There is no future for companies that work only in oil and gas in the medium- to long-term, the head of Italian major Eni said on Friday. "Diversification into renewable energy and the circular economy is crucial," Claudio Descalzi told financial daily Il Sole 24 Ore in an interview. Asked about interest... Continue Reading →
Oct 18 ,2019 Field areas in the Campos Basin should be included in the ANP permanent offer regime. Petrobras informed the ANP of its interest in voluntarily returning the areas of modules 1 and 2 of the Espadarte field in the Campos Basin. If the order is approved, the areas - which have not been... Continue Reading →
GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador, today announced its operational update for the three-month period ended September 30, 2019 (“3Q2019”). All figures are expressed in US Dollars and... Continue Reading →
Australia’s BHP has drilled two additional exploration wells as part of a deepwater drilling campaign offshore Trinidad and Tobago with one discovery made, and one well classified as dry. BHP said in its operational update for the third quarter published on Thursday that the two wells were located in the Northern licenses and were a... Continue Reading →
Brazil Energy Insight 