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(OE) Portuguese oil and gas company Galp has reported the discovery of light oil in in an exploration well being drilled offshore Namibia with Hercules semi-submersible rig. The news follows Galp’s January 2 update informing about preliminary signs of hydrocarbon presence at the Mopane-1X well, being drilled at Petroleum Exploration License 83 (PEL 83) block in Namibia’s... Continue Reading →
(OE) Offshore drilling contractor Noble Corporation and Malaysian oil company Petronas, through its subsidiary Petronas Suriname E&P, have agreed to rig swap for extended scope offshore Suriname. Based on an existing contract option, Noble and Petronas Suriname E&P have entered into an agreement for the 7th generation drillship Noble Voyager to drill one well in Block... Continue Reading →
(OE) Portuguese oil and gas company Galp has reported preliminary signs of hydrocarbon presence in an exploration well being drilled offshore Namibia. Galp (operator, 80%) and its partners NAMCOR and Custos (10% each) initiated the drilling campaign in PEL 83, offshore Namibia, on November 17, 2023. The first well, Mopane-1X, indicates preliminary signs of hydrocarbon... Continue Reading →
(OET) With energy security running the show, multiple new oil and gas projects were sanctioned throughout 2023. Among the top eight are the ones operated by TotalEnergies, Shell, ExxonMobil, Equinor, Woodside, OMV Petrom, and ADNOC. The year, which is now behind us, kicked off with an announcement from TotalEnergies and its partners, Shell and Repsol... Continue Reading →
(OGJ) State-owned Petroecuador reached a new production peak last week of 404,290 b/d, or 413,241 boe/d when natural gas is included. The company ascribed the results to improvements in efficiency. One of the factors supporting the increase is production from Sacha field, Block 60, in Orellana province, which reached 77,802 b/d. In 2024, Petroecuador plans... Continue Reading →
(WO) – NG Energy International Corp., along with its partners Olympo and Duemav in the Maria Conchita Block and with Clean Energy and Oleum in the SN9 Block, increased reserves at both Maria Conchita and Sinu-9 as part of an updated independent analysis by Sproule International Limited. The updated reserves and resources incorporate the recently... Continue Reading →
(BW) EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced that it has entered into definitive agreements with Novonor S.A. ("Novonor") and Brazilian Development Bank ("BNDES") to acquire Ocyan Participações S.A. ("Ocyan" or the "Company"), a Brazilian-based solutions provider to the offshore oil and gas industry, for a total amount... Continue Reading →
(Z) Petrobras, the Brazilian state-owned energy company, has announced the extension of its existing contracts for two offshore drilling rigs owned by Constellation Oil Services. This news coincides with the launch of two separate tenders for hiring additional well-intervention rigs, demonstrating Petrobras' continued commitment to investments in its offshore operations. Rig Contract Extensions Petrobras has... Continue Reading →
The sixth-generation semi-submersible rig, Hunter Queen, which has belonged to PRIO since July 2022, completed its first operation this month in the Frade field, in the Campos Basin. The rig has the capacity to drill in water depths of up to 3,000 meters and wells of up to 10,000 meters, and is also capable of... Continue Reading →
(PN) Well drilling work in the Wahoo field, in the Campos Basin, should begin in January, when the environmental license should be issued by IBAMA. The projection was presented this week by the CEO of PRIO, Roberto Monteiro, during an event with investors. The four wells planned in the area will be drilled by the... Continue Reading →
Brazil Energy Insight 