Danish offshore drilling company Maersk Drilling on Wednesday upgraded its financial guidance for the year 2021, on the back of improved contracting performance. "Maersk Drilling continues to demonstrate strong commercial and operational performance. Over the past months, Maersk Drilling has secured several new drilling contracts for execution in 2021, and further, Maersk Drilling has successfully - and... Continue Reading →
Suriname: Total Extends Maersk Drilling Rig Charter
French oil firm Total has extended the contract with the Danish drilling contractor Maersk Drilling for the use of the Maersk Developer offshore drilling rig in Suriname. Total, via its Suriname subsidiary Total E&P Suriname, has exercised an option to add the drilling of one additional appraisal well in Suriname’s Block 58 to the work... Continue Reading →
Suriname Hopes To Become South-America’s Newest Oil Exporter
(OilPrice) As Guyana prepares to become a major oil production nation the spotlight is firmly on the Guyana-Suriname Basin and the former British colony’s neighbor Suriname. After decades of poor drilling results, ExxonMobil’s slew of large high quality oil discoveries in Guyana’s offshore Stabroek Block has reignited interest in the Guyana-Suriname Basin’s oil potential. Suriname,... Continue Reading →
Karoon Charters Maersk Drilling’s Offshore Rig for Well Intervention in Brazil
Danish offshore drilling contractor Maersk Drilling has won a contract with Karoon Energy Ltd for the semi-submersible rig Maersk Developer to perform well intervention on four wells at the Baúna field offshore Brazil. Karoon took over Bauna from Petrobras in November 2020. The contract for the Maersk Developer is expected to start in the first... Continue Reading →
Opinion: Why Explorers are Not Targeting More Gas in Response to Energy Transition
There has been much talk about natural gas as a transition fuel, primarily in helping to lower emissions and pollution by displacing coal in power generation, but also in complementing intermittent renewables, and targeting the (blue) hydrogen economy in the longer term. Forecasters of energy demand, such as the IEA, tend to project gas demand... Continue Reading →
Only minor oil shows for Tullow in Suriname well
Oil and gas company Tullow Oil has encountered good quality reservoir but only minor oil shows at its exploration well located offshore Suriname. Tullow started drilling operations at the Goliathberg-Voltzberg North prospect (GVN-1) located in Block 47 in late January 2021. Block 47 is part of the Suriname-Guyana Basin. The well was drilled using the Stena Forth drillship.... Continue Reading →
Noble Corp. Nets New Rig Contracts, Extensions. Sees Uptick in Tender Activity
Offshore drilling contractor Noble Corporation has recently secured several drilling contracts and its CEO says there has been an uptick in tender activity in various markets. The company, which in February completed its financial restructuring and emerged from Chapter 11 for which it had filed in August 2020, on Thursday released its fleet status report showing... Continue Reading →
Fugro on Suriname survey duty for Petronas
Fugro is carrying out seep survey and geochemical campaign for Petronas in Block 48, offshore Suriname. Petronas hired the Dutch-based surveyor in order to optimise future exploration activities in this frontier area. The work, conducted from the survey vessel MV Fugro Brasilis, involves geophysical data collection; heat flow measurements; core sampling as well as onboard geochemical... Continue Reading →
Apache, Total Halt Suriname Offshore Drilling due to Pressure
Oil and gas companies Apache and Total have been forced to stop drilling operations at an offshore well in Suriname due to "substantial pressure increases." As announced on January 14, the Keskesi East-1 well discovered oil, volatile oil, and condensate in the Upper Cretaceous-aged Campanian and Santonian intervals and, subsequently, continued drilling toward deeper Neocomian-aged... Continue Reading →
ExxonMobil Extends Seadrill Drillship’s Workscope in Brazil
U.S. oil major ExxonMobil has recently awarded a contract extension to Seadrill for the use of the West Saturn drillship in Brazil. Seadrill revealed the news in its fourth-quarter 2020 presentation on Thursday. The offshore drilling contractor, which said it expected the 2021 rig demand to be bleak, said ExxonMobil earlier this year exercised the... Continue Reading →
Brazil Energy Insight 