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The United Kingdom, Kuwait, Canada, United States, Colombia top energy intelligence firm Rystad's list of countries that offer the best fiscal conditions for the development of large offshore oil fields. After what has been described as a disappointing year for offshore sanctioning, Rystad expects offshore sanctioning to rebound to at least $56 billion in 2021... Continue Reading →
( Reuters) The government will again offer in November 2021, the oil and natural gas areas of Sépia and Atapu, Transfer of Rights Assignment, in the Santos Basin pre-salt, said the minister of Mines and Energy, Bento Albuquerque. "We worked all year 2020 on the recommendations of the Federal Court of Accounts ... following the... Continue Reading →
Exxon Mobil Corp said on Friday that its latest exploration well in the prolific Stabroek block off Guyana's coast did not find oil in its target area, the second setback to its drilling campaign in recent months. Exxon, which operates the Stabroek block in a consortium with Hess Corp and China's CNOOC Ltd, has made... Continue Reading →
Proposals for the construction of the P-78 and P-79 platforms will be delivered on February 1 In continuity with its development strategy for the Búzios field, in the Santos Basin pre-salt, on February 1, Petrobras will receive proposals from pre-qualified companies for the bidding for the construction of platforms P-78 and P -79. The bidding... Continue Reading →
Offshore drilling contractor Pacific Drilling has secured a contract for its drillship with Malaysian giant Petronas for operations offshore Mexico. In a fleet status report published earlier this week, Pacific Drilling said that the assignment of Pacific Khamsin drillship to Total for Equinor’s second firm well was completed in November 2020. To remind, Pacific Khamsin drilled the Monument exploration well in the U.S.... Continue Reading →
Oil and gas giant Shell has agreed to farm into the CAN 100 block, offshore Argentina, currently jointly owned by the Norwegian energy firm Equinor and Argentina's YPF. In October 2019, Equinor farmed into the YPF CAN 100 block and agreed to take over the operatorship. Equinor and YPF have agreed with Shell to jointly farm-down 30%... Continue Reading →
French oil giant Total and its partner Apache said Thursday they'd made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous offshore discoveries in the Block at Maka Central, Sapakara West and Kwaskwasi prospects. Using the Noble Sam Croft drillship, the well... Continue Reading →
ANP forecasts a gradual growth in production in the coming years, reaching 571.5 thousand m³ / day (3.6 million barrels per day) of oil and 173.2 million m³ / d of natural gas in 2025 . - It represents an increase of 23% in relation to 2021, in the case of oil, and 34% in... Continue Reading →
(Reuters) DBO Energy, an oil and gas company supported by Germany's RWE AG, is in bilateral negotiations with Petrobras to buy the Golfinho oil hub, two sources said, as the Brazilian oil company moves forward with its ambitious divestment program. Golfinho is one of dozens of production assets that Petrobras put up for sale in... Continue Reading →
Former Shell director Andy Brown will become CEO at Portuguese oil and energy company Galp Energia from Feb. 19, the company said, with boss Carlos Gomes da Silva leaving two years before the end of his mandate. The decision was agreed upon by Gomes da Silva and board chair Paula Amorim, and will be submitted... Continue Reading →
Brazil Energy Insight 