Brought to you by Quest Offshore & Southern Cone Consultants
After curbed spending over the past two years, the oil and gas (O&G) sector is primed to get back into the game with high investments, putting contractors into a buoyant mode as the five-year offshore engineering, procurement, and construction (EPC) spend is expected to total $276 billion, outlined Westwood Global Energy, an energy market research and... Continue Reading →
Enauta started the scheduled shutdown of the Atlanta field, in the Santos basin. The expectation is that the operation of the field will be resumed in August. During the stoppage of production of the asset, the company intends to carry out a series of activities to meet the regulatory requirements of the Ministry of Labor.... Continue Reading →
(Reuters) - Suriname's state-run oil company Staatsolie is getting ready to offer for auction 60% of the country's offshore blocks, which remain unawarded, in the coming year, starting with a deepwater round in the fourth quarter, the firm's vice president told Reuters on Wednesday. The company, in partnership with Shell (SHEL.L), APA Corp and TotalEnergies ,... Continue Reading →
Houston-based APA Corporation on Tuesday announced its joint venture with France's TotalEnergies has made an oil discovery at the Krabdagu exploration well off the coast of Suriname. APA has a 50% working interest in Block 58 where the oil discovery was made, with TotalEnergies the operator and the holder of the remaining stake. Flow test... Continue Reading →
Global energy supermajor ExxonMobil and its partners Hess and CNOOC have made an astonishing number of high-quality oil discoveries in offshore Guyana. In April 2022 Exxon announced that it made three more discoveries in the 6.6-million-acre Stabroek Block, where it is the operator holding a 45% interest with 30% owned by Hess and the remaining 25% held... Continue Reading →
Houston-based APA Corporation has encountered water-bearing reservoirs at its latest exploration well in waters offshore Suriname and is now mobilising to drill its next well in the same block. APA Corporation on Monday provided results from recent drilling operations on Suriname Block 53. APA Suriname, the operator, holds a 45 per cent working interest in the... Continue Reading →
U.S.-based CSA Ocean Sciences has completed an Environmental Assessment Program (EAP) for a “major” offshore energy operator in Block 58 located some 115 kilometers offshore north Suriname. The EAP included an Environmental and Social Impact Assessment (ESIA) for a 3D seismic survey proposed in the 5,841 km2 area. The document describes the proposed seismic survey activities, which include... Continue Reading →
(Reuters) Suriname's state oil company Staatsolie plans to hold an auction for deepwater offshore blocks at the end of 2022 and another for shallow water blocks in mid-2023, the company's managing director told Reuters. The South American nation is a small onshore crude producer that is hoping to begin offshore output but has yet to... Continue Reading →
(TN) Decree 10,946/2022, published in January 2022, established guidelines for the generation of electricity on the high seas and brought good prospects for companies and entities in the sector. With highly favorable natural conditions, it is estimated that the Brazilian offshore wind potential is around 700 GW – four times the country's installed capacity. According... Continue Reading →
(ON) As commercial discoveries continue to increase offshore Guyana, more projects will come online, generating an unprecedented inflow of revenue to the new oil producing South American country, which Norway-based Rystad Energy said could top US$130 billion. “If all discoveries were to be developed, you`re looking at, in the next 20 years, over $130 billion... Continue Reading →
Brazil Energy Insight 