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Operator Wintershall Dea and its partners Harbour Energy and Sapura OMV have made a significant oil discovery on the Kan exploration prospect in Block 30, located in the shallow waters of the Cuenca Salina in the Sureste Basin, offshore Mexico. Based on preliminary estimates, the discovery may contain 200 to 300 million barrels oil equivalent... Continue Reading →
(Reuters) Guyana's closely watched auction of 14 offshore oil blocks faces a delay with the South American country pushing back the deadline for oil explorers to submit bids to mid-July. The three-month delay is in response to industry feedback and the need for modernizing the country's oil and gas regulatory framework, which is expected to... Continue Reading →
Offshore seismic data specialist CGG, in a consortium with TGS and BGP, on Tuesday announced the completion of Phase IV of the deepwater 3D seismic survey offshore Suriname. Covering 1,800 sq km, Phase IV completes the programmed 14,500 sq km survey of newly acquired 3D data in deep and shallow water in the promising Guyana-Suriname... Continue Reading →
Offshore drilling contractor Valaris said Monday it had secured contracts for two drillships and one jack-up rig. One of the drillships in question is the Valaris DS-8, which secured a three-year, $500 million contract with Petrobras in Brazil, including a $30 million mobilization fee. The rig has been preservation stacked in Las Palmas, Spain, and... Continue Reading →
(Reuters) Exxon Mobil Corp hopes to get Nigerian government approval to allow the stalled sale of its shallow water oil production operations in the West African country, a top Exxon executive told Reuters. The largest U.S. oil company will keep its deep-water assets in Nigeria despite a change in the government's leadership, Exxon Global Upstream... Continue Reading →
(Reuters) Italian energy services group Saipem aims to raise about 750 million euros ($796 million) from the partial sale of assets in its drilling business, CEO Alessandro Puliti said on Tuesday, citing shallow water vessels in particular. Saipem, in which energy group Eni and Italian state lender CDP own stakes, has pledged to sell assets... Continue Reading →
(Reuters) - European manufacturers are considering investing hundreds of millions of dollars in Vietnam to build wind turbines plants, sources familiar with the situation said, as the country gears up to exploit its large untapped potential in offshore wind. The Southeast Asian country is seen as a potential major player in the sector because of... Continue Reading →
Chinese subsea cable manufacturer ZTT Submarine Cable & System has secured a cable design and supply contract with Hokchi Energy, the Mexican subsidiary of Pan American Energy, for a field located in the Gulf of Mexico. The contract covers the design, supply, delivery, and testing of 33.3 kilometers of submarine power cable and spares for the Hokchi... Continue Reading →
(Bloomberg) -- Annand Jagesar, the managing director of the state-owned oil company of Suriname, is a man in a hurry. He’s racing against time, nature and Guyana, the neighboring country that enviably discovered a massive offshore oil field in 2015. Jagesar believes Suriname, the former Dutch colony on South America’s northeastern coast (population about 620,000),... Continue Reading →
Oil and gas company Trident Energy has completed a saturation diving campaign at Pampo and Enchuva fields offshore Brazil. According to Trident Energy, this is the company’s first saturation diving campaign in Brazil and the second in its history. Trident Energy explained that the main objective was to remove two valves, allowing additional integrity tasks to... Continue Reading →
Brazil Energy Insight 