Brought to you by Quest Offshore & Southern Cone Consultants
Guyana’s total annual oil revenues could hit $30 billion over the next 10 years with production estimated to reach 1.2 million barrels per day by 2030, according to Rystad Energy. Rystad said on Tuesday that Guyana was poised for a major transformation after its first-ever oil development commenced production just six weeks ago. Offshore oil... Continue Reading →
Mexican operator Grupo R has signed a contract with Shell for the lease of the La Muralla IV drilling rig to operate in the deep waters of the Gulf of Mexico. Grupo R said on Tueday that the integrated contract model signed with Shell would provide Shell with the drilling rig, as well as the... Continue Reading →
Brazilian oil and gas company PetroRio has signed binding documents for the acquisition of the OSX-3 FPSO for $140 million and the farm-in with Dommo Energia of 80% in the Tubarão Martelo field (TBMT) off Brazil, where the vessel is currently chartered. PetroRio said on Monday that the acquisition would allow for the tieback between... Continue Reading →
BP (BP.L) raised its dividend and said it had completed a $1.5 billion share buyback program in a sign of confidence in its growing oil and gas business on the last day in office for Chief Executive Bob Dudley. BP shares were trading 4.5% higher at 1115 GMT on Tuesday, on course for their biggest... Continue Reading →
Feb 3, 2020 Omni Táxi Aéreo (OTA) is supporting Karoon in its drilling campaign in block Z38, in Peru. This will be OTA's first international operation, which is involved in transporting passengers from the city of Tallara to the Marina 1 well, in the Tumbes basin approximately 110 km from the base of operations. Two... Continue Reading →
A report by a nonprofit watchdog group critical of Exxon Mobil Corp's oil contract with Guyana has rekindled a debate over whether the deal is too generous to the company, just a month before a crucial presidential election. In a report published Monday, London-based anti-corruption group Global Witness said the U.S. oil major's 40-year deal... Continue Reading →
Demand from the world’s top oil companies for floating drilling units is set to rise through 2020 and 2021, according to Norwegian energy research and consultancy firm Rystad Energy. Rystad Energy said last week that the demand from the world’s top oil companies for floating drilling units had climbed steadily in the past two years... Continue Reading →
February 1, 2020 President Jair Bolsonaro last Friday (31) appointed executive secretary of the National Petroleum Agency (ANP) José Gutman as the first replacement in the event of a vacancy on the board of the regulatory body. The triple replacement list was instituted in the new General Law of Regulatory Agencies, sanctioned by Bolsonaro himself... Continue Reading →
Dutch FPSO provider SBM Offshore has launched a video of its first completed Fast4Ward FPSO hull arriving in Singapore. As previosuly reported, the hull reached Singapore in mid-January 2019. SBM Offshore said that the Fast4Ward MPF hull had arrived at Keppel in Singapore following its journey of 2,300 nautical miles from the Shanghai Waigaoqiao Shipbuilding and Offshore... Continue Reading →
February 3, 2020 Petróleo Brasileiro SA - Petrobras, in relation to the news published in the media, concerning the sale of its 51% stake in Petrobras Gás SA (Gaspetro), clarifies that the sale model of the subsidiary is not yet defined. Petrobras, within the scope of its active portfolio management, has already started studies for... Continue Reading →
