Offshore Deepwater News - page 8


Production Sharing Contracts Signed for Sepia, Atapu Offshore Oil Fields in Brazil

Apr 28, 2022

Brazilian oil and gas company Petrobras has signed production sharing contracts with its partners for the Atapu and Sépia oil fields, offshore Brazil.For Atapu, the PSCs were signed with Shell (25%) and Total Energies (22,5%). For Sépia, PSCs were signed with TotalEnergies (28%)…

Exxon Makes Three New Oil Discoveries in Guyana, Boosts Reserves

Apr 26, 2022

Exxon Mobil Corp on Tuesday said it found oil in three new wells drilled off the coast of Guyana, raising recoverable oil and gas potential from its discoveries to nearly 11 billion barrels.The discoveries continue a run of exploration successes that date to 2015…

Seadrill, Sonangol JV Wins 10-well Offshore Drilling Contract in Angola

Apr 25, 2022

Offshore drilling firm Sonadrill, a 50:50 joint venture between Seadrill and an affiliate of Sonangol, has secured a ten-well contract with options for up to eight additional wells in Angola for the West Gemini drillship.The total contract value…

Brazil: Petrobras, Equinor Start Production from Two Offshore Wells under Roncador IOR Project

Apr 20, 2022

Brazilian oil company Petrobras has brought online the first two wells of the increased oil recovery (IOR) project at Roncador project offshore Brazil, almost five months ahead of schedule and at half of the planned cost, Equinor, Petrobras' partner in the project…

Maersk Drilling's Rig Nets One-year Contract Extension at INPEX's Ichthys Field in Australia

Apr 19, 2022

Danish offshore drilling company Maersk Drilling has won a contract extension for its ultra-deepwater semi-submersible rig Maersk Deliverer with Inpex in Australia.The extension, of an undisclosed value, is for drilling services at the Ichthys field in the Browse Basin offshore Western Australia…

Brazil Auctions 59 Oil Blocks; Shell, TotalEnergies, 3R Among Winners

Apr 13, 2022

Brazil on Wednesday granted 59 exploratory blocks of oil and natural gas to 13 companies, including Shell, TotalEnergies and 3R Petroleum.The auction totaled 422.4 million reais ($90.10 million) in signature bonus, registering a premium of 854…

Western Gas Sasanof-1 Drilling: Rig Move Date Confirmed

Apr 06, 2022

Australian oil and gas company Western Gas, the owner of the high-impact Sasanof-1 prospect off W. Australia, expects the Valaris MS-1 offshore drilling rig to move to the well site in May.'Western Gas is pleased to advise that the Valaris MS…

Brazil: Petrobras Finds Oil in Campos Basin Pre-Salt

Apr 04, 2022

Brazilian state-run oil company Petrobras announced on Friday that it had discovered an oil accumulation in the southern portion of the Campos Basin.The oil was found in a pioneering well in the Alto de Cabo Frio Central block, which is owned by Petrobras and BP…

ExxonMobil Gets Guyana's Approval for Yellowtail Project

Apr 03, 2022

ExxonMobil Corp on Friday received approval to begin work on its fourth offshore oil project in Guyana from the South American country's Environmental Protection Agency.The permit will allow Exxon to begin construction and operation of its Yellowtail project…

Report: PetroRio Close to Buying Petrobras Albacora Leste Offshore Field

Apr 01, 2022

Brazilian oil company PetroRio SA is close to agreeing on terms to purchase the Albacora Leste field from state-run oil company Petrobras, two sources with knowledge of the matter told Reuters, though talks around the neighboring Albacora field are proving more complex…

Shell Starts Production from 20,000 boe/d PowerNap Field in U.S. Gulf of Mexico

Mar 29, 2022

Shell has brought online its PowerNap project, a subsea development in the U.S. Gulf of Mexico with an expected production of 20,000 barrels of oil equivalent per day (boe/d). PowerNap is a tie-back to the Shell-operated Olympus tension leg platform (TLP) in the prolific Mars Corridor…

No Oil at ExxonMobil's Cutthroat Well Offshore Brazil

Mar 28, 2022

Brazilian oil company Enauta Participacoes said on Monday no hydrocarbons were found at the 1-EMEB-3-SES well, an asset in which it has Exxon Mobil Corp and Murphy Oil Corp as partners, sending its shares down.Enauta's securities filing on the…

Brazil Sees Oil Output Growing 10% in 2022

Mar 24, 2022

Brazil's oil production is expected to increase by around 300,000 barrels a day in 2022, an increase of 10% from last year, Minister of Mines and Energy Bento Albuquerque said on Wednesday.Albuquerque's statement was made at the opening of an…

Cutthroat Well Could Hold Up To 1 Billion Barrels

Mar 22, 2022

U.S. oil producer Exxon Mobil Corp is drilling in a new area offshore of Brazil that could have as much as 1 billion barrels of oil and gas, its partner Murphy Oil said on Tuesday.If exploration is successful, it would be Exxon's first oil discovery in Brazil as an operator…

Regulator: Brazil Cannot Add Oil to the Market Any Faster

Mar 21, 2022

Brazil this decade expects to gradually add 3 million barrels per day of oil and gas to its production but cannot speed up those plans to offset a ban on Russian oil, top oil regulator Rodolfo Saboia told Reuters last week.One of the largest and fastest-growing non-OPEC oil producers…

Current News

TotalEnergies Announces Positive Well Results Offshore Namibia

TotalEnergies Announces Positive Well Results Offshore Namibia

GEOS to Sell VOS Sugar Offshore Vessel at 'Substantial Profit'

GEOS to Sell VOS Sugar Offshore Vessel at 'Substantial Profit'

Malaysian Firm Clinches $300 Million Offshore Platform Contract in Angola

Malaysian Firm Clinches $300 Million Offshore Platform Contract in Angola

Shell CEO Comes Under Pressure from Within on Renewables Shift

Shell CEO Comes Under Pressure from Within on Renewables Shift

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