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Feb. 24 (oilnow.gy) ExxonMobil’s exploration licence for the Canje Block will expire next week, according to information from the Ministry of Natural Resources. Minister of Natural Resources Vickram Bharrat told Reuters the offshore block is set to expire soon. Ministry staff subsequently confirmed to OilNOW that the specific expiry date is March 4, 2026. The Canje Block... Continue Reading →
Feb 24 (PN) Petrobras President Magda Chambriard announced that the company completed the anchoring of the P-79 floating production, storage and offloading (FPSO) vessel in the Búzios field, in the pre-salt layer of the Santos Basin, in record time. The activity was completed in just 12 days, an unprecedented milestone for the company among its... Continue Reading →
Feb. 23- ANP will hold a public hearing on March 13th to discuss the update of the Permanent Production Sharing Offer tender, with the inclusion of 15 new exploratory blocks. The current tender includes eight blocks (Jade, Ágata, Amazonita, Safira Leste, Safira Oeste, Larimar, Turmalina and Ônix). With the addition of the new blocks (Cruzeiro... Continue Reading →
Feb. 23 - Africa and South America are expected to lead high-impact exploratory drilling in 2026, with a forecast of 19 and 15 wells, respectively, according to the consulting firm Westwood Global Energy Group. In Brazil, the highlights are the Tupinambá well, from BP, and the Morpho well, from Petrobras. In total, the company estimates... Continue Reading →
All-Cash Deal, Expanding Brazil FootprintFeb. 23 (OE) Tidewater Inc. (NYSE: TDW) has signed a definitive agreement to acquire Wilson Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. (collectively, WSUT) in an all-cash transaction valued at approximately $500 million, including the assumption of existing debt.The acquisition significantly strengthens Tidewater’s position in the global... Continue Reading →
Feb. 20 - Petrobras is close to advancing in a tender to contract the supply of up to 523.2 kilometers of electro-hydraulic umbilicals, including accessories, four termination units (UTAs), as well as the rental of reels and the signing of an agreement for the sharing of an area intended for the storage of materials. The... Continue Reading →
Feb. 20 - Petrobras has already begun preparations to resume drilling of the pioneering well in block FZA-M-059, in the Foz do Amazonas Basin, on the Equatorial Margin. As a reminder, activity has been suspended since January 4th, following a loss of drilling fluid on the Foresea drillship ODN-II. “Petrobras has begun preparations to resume... Continue Reading →
Feb. 20 (OE) Norway-based subsea well intervention and installation services company AKOFS Offshore has signed a firm contract with Petrobras for its Aker Wayfarer vessel. AKOFS Offshore, majority owned by Akastor, said the 2010-built vessel will continue to perform services as a Subsea Equipment Support Vessel (SESV) for Petrobras in Brazil. The contract, valued at... Continue Reading →
Feb 19 (Reuters) - In September, a rig used to drill wells in shallow waters completed the long trip from China to Venezuela's oil-producing region of Lake Maracaibo. The passage of the big old rig named Alula just inches below the bridge connecting Maracaibo city with the oilfields of the lake's eastern coast stirred excitement... Continue Reading →
Feb 18 (Reuters) - Exxon Mobil's fifth and sixth projects in Guyana - Uaru and Whiptail - are progressing ahead of schedule and under budget, the oil major's president of Guyana operations said on Wednesday during an energy conference. Alistair Routledge, Exxon Guyana President, declined to provide a specific timeline for startup of the projects,... Continue Reading →
Brazil Energy Insight 