(offshore-energy.biz) Many factors, including roadblocks, play a role in oil and gas extraction and development around the globe. Some of these are region-specific while others tend to be a global problem. Mexico’s five largest upcoming hydrocarbon projects have not managed to escape these, thus, they are also facing such technical and other issues. The Latin... Continue Reading →
BP to Divest Trinidad and Tobago Mature Gas Fields to Perenco
(OE) BP has entered into an agreement with Perenco T&T to divest its Immortelle, Flamboyant, Amherstia and Cashima offshore gas fields and associated production facilities, as well the undeveloped resources from the Parang field in Trinidad and Tobago. BP Trinidad and Tobago operates and currently is the sole owner in each of the assets included... Continue Reading →
QatarEnergy Takes Share of Chevron-Operated Block Offshore Suriname
(OE) QatarEnergy has signed an agreement with Chevron to acquire a 20% working interest in a production sharing contract for block 5 offshore Suriname. Pursuant to the signed agreement, Chevron as the operator will retain a 40% interest, while Paradise Oil Company, an affiliate of Suriname’s national oil company Staatsolie, will own the remaining 40%.... Continue Reading →
Several bids received in Suriname’s shallow water round targeting multi-billion-barrel resources
(Oil Now) Suriname’s shallow water bid round has closed and according to its state oil company, Staatsolie, “several bids” were received. “We would like to thank the companies which have shown their interest,” the Staatsolie said in a recent announcement. The state oil firm is yet to release the companies that submitted bids and for... Continue Reading →
Turning Guyana block’s oil promise into reality: Two players proclaim potential commercial interest
(Offshore-energy.biz) Joint venture (JV) partners, Canada’s CGX Energy and Frontera Energy, are seeking to undertake additional action to tap into and unleash the hydrocarbon resources on the Corentyne block offshore Guyana, given the potential for a standalone shallow oil resource development across the block, which their exploration results highlighted. As a result, the JV has... Continue Reading →
Trendsetter lines up subsea work on two oil assets in Brazilian waters
(Offshore-energy.biz) Texas-based subsea oil and gas equipment and services player Trendsetter Engineering has tucked a new assignment under its belt on two offshore oil fields in Brazil, following its entry into the South American country’s market with the establishment of local facilities in Macaé. Trident Energy do Brasil, part of Trident Energy Group, has picked... Continue Reading →
Pemex signs Doris for Zama field development
(OM) The Zama Unit partners Wintershall Dea, Pemex (operator), Talos Energy and Harbour Energy have awarded the front-end engineering and design contract (FEED) for the development of the Zama oil field to the French engineering company DORIS. The FEED work will be based on the scope of the Unit Development Plan approved by the Mexican Hydrocarbon Commission... Continue Reading →
Guyana’s cabinet clears oil block bid by QatarEnergy, TotalEnergies, Petronas, minister says
(Reuters) - Guyana's cabinet has approved a bid for an offshore oil block by a consortium including QatarEnergy (QATPE.UL), TotalEnergies and Malaysian state-owned Petronas (PETRA.UL), a minister from the South American country said on Wednesday. Guyana, home of the largest oil discoveries in nearly a decade, offered 14 offshore blocks in September in its first competitive auction that... Continue Reading →
Petrobras has signed contracts for the assignment of mothballed fields in the Campos Basin
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 17/04/2024, informs that it has signed today contracts for the assignment of its entire stake in the Cherne and Bagre fields, located in shallow waters in the Campos Basin, to Perenco Petróleo e Gás do Brasil Ltda (Perenco). Production from the two fields... Continue Reading →
Uruguay – from totally open to totally licensed in just a few years
History is repeating itself in Uruguay. And Chevron plays an important role (Geo Expro) When the Kudu gas field was discovered offshore Namibia in the early 1970s, Chevron jumped to the other side of the Atlantic to take acreage in Uruguay in a similar setting. It led to the drilling of Uruguay’s first couple of... Continue Reading →