Latin America ///
ExxonMobil's FPSO Liza Unity produces first oil offshore Guyana
SBM Offshore announced that floating, production, storage and offloading vessel Liza Unity has produced first oil as of Feb. 11 and is formally on hire.
Colombian driller sees Petro’s anti-oil plans ending up in court
A proposal to abruptly end oil and gas exploration in Colombia would lead to higher prices for local consumers and be challenged in court, according to the country’s state-run driller.
Chevron in talks seeking greater control of Venezuela operations
Venezuela’s government and Chevron Corp. are in preliminary talks to give the company greater control of some operations in exchange for debt relief.
TotalEnergies grants Maersk Drilling one-well extension offshore Suriname
The contract extension for Maersk Valiant has an estimated duration of 100 days, with work expected to commence in March 2022 in direct continuation of the rig’s previously agreed work scope.
Leveraging oil and gas digitalization to emerge from the pandemic
Following the pandemic, companies are adjusting operating philosophies to focus more on production optimization and maximize existing investments. This growing need has fueled interest in the latest digital offerings, especially for remote operations, visualization, Edge automation and artificial intelligence.
Mid-Year Forecast: International operators make their way forward carefully
Although global oil and gas demand has recovered much of the ground lost last year, there are plenty of question marks left in the market for operators to navigate, including ESG and renewables challenges.
TotalEnergies, Qatar Petroleum land two new offshore Suriname blocks
With these two new operated exploration blocks, TotalEnergies expands its position in Suriname, an emerging world class basin. A 3D seismic acquisition campaign will be carried out on these 2 licenses to confirm their potential.
Extended-life ESP reliably accommodates wide, abrasive production range in remote brownfield
A mature field in Ecuador posed a range of challenges that threatened its long-term economics. Extended-life ESPs, combined with remote real-time surveillance, were a viable solution to handle gassy, sandy wells with steep production decline, saving $2.5 million in workover costs.
Geostatistical inversion transforms subsurface understanding across the Americas
Four recent case studies document how an advanced seismic inversion workflow, which integrates geoscience data, enables operators to enhance their reservoir characterization interpretation.
Equinor awards subsea integration alliance integrated FEED contract for Bacalhau field
Schlumberger announced today an award to Subsea Integration Alliance of an exclusive contract by Equinor for the front-end engineering design (FEED) on its Bacalhau (formerly Carcará) project offshore Brazil.
Apache and Total tally significant oil find offshore Suriname
The Maka Central-1 well successfully tested for the presence of hydrocarbons in multiple stacked targets in the upper Cretaceous-aged Campanian and Santonian intervals and encountered both oil and gas condensate.
Companies in the news
Equinor has, together with its partners Petoro, ExxonMobil and Total, proven gas and condensate in the Norwegian Sea Ragnfrid North (6406/2-9 S) exploration well, located ~12.43 mi (20 km) south of the Kristin platform in the Norwegian Sea.
Coordinated capex growth projected for second straight year
Worldwide E&P expenditures should grow 8% during 2019. North America’s uptick will continue, but at a slower rate, while international activity should energize the OFS sector.
RSS design aimed at a growing scope of directional drilling demands
A novel rotary steerable system addresses maintenance, downhole motors, and hole geometry in a new light.
