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Petróleo Brasileiro S.A. – Petrobras announces that the National Agency of Petroleum, Natural Gas and Biofuels (ANP) approved, at the Collegiate Board Meeting No. 1074 held on December 9, 2021, the Production Individualization Agreement (AIP) of the Mero accumulation, located in the Santos Basin. The Mero joint reservoir comprises:• Mero Field area (Production Sharing Contract... Continue Reading →
Vaalco Energy has started its 2021/2022 drilling campaign offshore Gabon with the Etame 8H-ST well spud. Vaalco said Monday it had recently deployed a Borr Drilling jack-up rig at the Etame platform and started activities on the Etame 8H-ST development well which is expected to be completed in January with production expected later in the first quarter... Continue Reading →
The number of offshore rigs in the U.S. is slowly starting its upward climb by increasing to 14 units last week, based on Baker Hughes’ weekly rig count report from last Friday. Baker Hughes Rig Count: U.S. +7 to 576 rigsU.S. Rig Count is up 7 from last week to 576 with oil rigs up 4 to... Continue Reading →
(ON) Organizations such as the Paris-based International Energy Agency (IEA) have recommended that there be no new petroleum exploration projects if the world is to avoid more catastrophic effects of climate change. But another report by two recognized organizations is advising that countries take a cautious approach in this respect, or they could face damaging... Continue Reading →
Norway-based Petroleum Geo-Services (PGS) has secured a contract to conduct a 3D exploration in West Africa. PGS’ Ramform Titan-class vessel is scheduled to commence exploration in early February 2022 and complete the work in mid-March. The seismic company did not disclose further information about the project and client. “We are very pleased with this contract... Continue Reading →
Offshore drilling contractor Seadrill has secured a contract with Brazil’s oil and gas giant Petrobras for work in the Búzios field offshore Brazil, making it the third rig contract for Seadrill on the field. The contract was awarded to the West Jupiter drillship and it is for a firm term of 1,040 days with the start expected... Continue Reading →
(Reuters) - Oil prices extended their rally on Monday as investor appetite improved amid growing relief the Omicron coronavirus variant may not cause severe illness and will likely have a limited impact on global fuel demand. Brent futures climbed 72 cents, or 1.0%, to $75.87 a barrel by 0744 GMT, after rising 1% on Friday.... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) outlined a major new investment in Guyana amid government calls for delivering economic benefits to residents from deepwater oil and gas discoveries helping turn the South American nation into an oil powerhouse. A coming onshore supply base will expand jobs and boost local fabrication for future projects starting with its fourth... Continue Reading →
The ANP will carry out the Second Round of Tenders for the Surplus Volumes of the Transfer of Rights, under the production sharing regime on Dec. 17. Two development areas will be offered in the Santos Basin: Atapu and Sépia. The public session will be held in Rio de Janeiro, in compliance with the health... Continue Reading →
Petrobras concluded the drilling of the pioneer oil exploratory well in block ES-M-669, in the pre-salt of the Espírito Santo Basin. Named Monai, the project broke the record for the deepest well ever drilled in Brazil, at around 7,700 meters. Just by way of comparison, this distance is equivalent to 1.3 times the height of... Continue Reading →
