News
April 10, 2024
Colombian President Gustavo Petro said the oil and gas would be developed in Venezuelan fields near the Colombian province of Norte de Santander, while electricity would be provided from La Guajira province on Colombia’s Caribbean coast.
News
April 10, 2024
Petrobras has discovered an accumulation of oil in ultra-deep waters of the Potiguar Basin, in the Anhangá exploration well on concession POT-M-762_R15.
News
April 10, 2024
Petrobras head Jean Paul Prates is set to remain in charge of Brazil’s state-controlled oil giant for now, as an internal government battle over the company’s chief executive role cools down, according to people with knowledge of the matter.
News
April 07, 2024
On Feb. 27th, 2024, the SPT-129 workover rig mobilized from the SJ-01 well to the SJ-06 well with a workover program designed to open an additional 12.4 m across 3 zones in the Tutoia formation.
News
April 04, 2024
Prates’ potential departure after more than a year in the role underscores how Petrobras struggles to meet conflicting expectations from the government and minority shareholders.
News
April 03, 2024
The FPSO will have a topside designed to produce approximately 250,000 bpd and will have associated gas treatment capacity of 540 MMcfd, water injection capacity of 350,000 bpd and produced water capacity of 300,000 bpd.
News
April 02, 2024
The board of oil junior Enauta Participacoes SA has approved a proposal to merge with 3R, which has oil fields on land and off the coast of Brazil, the company said in a statement Tuesday. 3R already is considering a potential combination with PetroReconcavo SA, another Brazilian oil producer that has oil fields on land.
News
April 01, 2024
MODEC will be responsible for the design of the hull and all related topsides facilities for the FPSO, which is projected to be moored by a SOFEC Spread Mooring system. The produced stabilized crude will be stored in the FPSO tanks, and the oil will be offloaded to shuttle tankers to go to market.
News
March 29, 2024
The unified arbitration was approved after a March 26 application, according to a Hess letter to stockholders included in a Chevron regulatory filing on Thursday. Exxon and Beijing-based Cnooc, which own 45% and 25% of Stabroek, respectively, argue they have a right of first refusal over Hess’s stake in the block.
News
March 28, 2024
The well started at a production rate of 4 MMcfd for 6 hours at a choke 21/128”. The rate was subsequently increased to 6 MMcfd and 8 MMcfpd for 6 hours and 24 hours, respectively. The well was tested at a rate of up to 10 MMcfpd at choke of 30/128” and is now producing into the Jobo gas treatment plant.
News
March 26, 2024
Atlanta is a large, deepwater oil field with gross in-place volumes exceeding 1 Bboe. The field is currently producing over 21,000 gross bopd and production is expected to increase to over 40,000 boepd by early 2025.
News
March 22, 2024
Exxon Mobil Corp. is convinced its interpretation of intent in a Guyanese oil contract signed a decade ago will prevail in a landmark arbitration case against Chevron Corp.
News
March 21, 2024
CNOOC will do whatever it takes to protect the interests of the firm and its shareholders by legal means, he said at a briefing in Hong Kong. Guyana’s Stabroek block is expected to yield as much as 1.2 MMbpd by 2027, Chief Financial Officer Wang Xin told the event.
News
March 20, 2024
Petrobras expects to invest roughly $7.5 billion in five years to explore for oil and gas in prospective regions like the Santos basin, Pelotas basin and Equatorial Margin. Mendes also revealed that the company plans to drill two Colombian exploration wells and discussed developing the deepwaters of northeast Brazil.
News
March 19, 2024
This agreement will support Shell’s onshore and offshore assets, providing a suite of services that includes turnaround support for their mature brownfield assets and supporting new greenfield projects.
News
March 19, 2024
Chevron held constructive talks with Exxon and Cnooc over the Stabroek block off Guyana several months ago as part its proposed $53 billion takeover of Hess, which owns 30% of the development, Wirth said at the CERAWeek by S&P Global conference in Houston Tuesday.
News
March 19, 2024
Exxon has accused Chevron of attempting to “circumvent” a contract that gives Woods’ company a right of first refusal over Hess’s 30% stake in Guyana’s Stabroek block. Chevron agreed to buy Hess for $53 billion last year, in large part to gain access to the Guyana project, operated and 45% owned by Exxon.
News
March 18, 2024
The Bluefin well encountered approximately 197 ft (60 m) of hydrocarbon-bearing sandstone and was drilled in 4,244 ft (1,294 m) of water, Exxon said in a statement. Bluefin joins the more than 30 oil discoveries in the Stabroek block since 2015, Exxon added.
News
March 15, 2024
Trinidad’s energy minister and its national gas company’s vice president and bp’s local head and Venezuela’s oil minister had met to discuss developing the Manakin and Cocuina fields as one project. bp operates the Manakin field, which lies in Trinidad’s waters.
News
March 14, 2024
The fight over the future of Ecopetrol — Colombia’s largest company — underscores the rifts that are arising over Petro’s push to eliminate the country’s dependence on oil and gas, which has major implications for its economy and finances.
News
March 12, 2024
The AREA OFF-3 license has substantial existing 2D and 3D seismic coverage, with two previously identified material prospects possessing currently estimated gross resource potential of up to 2 Bboe and up to 9 Tcfg.
