News
January 23, 2023
The Wei-1 well is approximately 14 km northwest of the partners’ previous Kawa-1 light oil and condensate discovery. The Wei-1 well will be drilled in a water depth of approximately 1,912 ft. to an anticipated total depth of 20,500 ft.
News
January 23, 2023
Canacol Energy made three gas discoveries at Dividivi 1, Saxofon 1, and Chimela 1 in Colombia’s Middle Magdalena basin. The company also provided updates regarding its near-term drilling programs.
News
January 20, 2023
The delay is costing Petrobras a fortune of about $1 million a day for the rig, three helicopters, support boats and workers, according to calculations by consultancy Wood Mackenzie Ltd.
News
January 20, 2023
TotalEnergies awarded the first contract- the LAPA Southwest (LAPA SW) development project- to Saipem and partner Aker Solutions do Brasil. Equinor also awarded a contract to Saipem for the Irpa pipeline project.
News
January 20, 2023
The award covers two wells campaigns with an estimated duration of 200 days on a dry-hole case and up to 460 days on a success case.
News
January 19, 2023
Speaking in a panel on energy transition from the World Economic Forum at Davos, Colombia's Energy and Mines Minister doubled down on President Gustavo Petro’s campaign promise to transition the country away from fossil fuels.
News
January 18, 2023
“FSO Pargo”, a double-hull vessel built in 2004 that has a 750,000 bbls storage capacity, is expected to be on location in March, moored in April and operational in August 2023, following final licensing approval.
News
January 18, 2023
The frame agreement entails the provision of pipes Alleima produces with CRA materials and finished with TenarisHydril Blue® premium connections and Dopeless® technology.
News
January 16, 2023
At production start-up, expected in 2025, Lapa South-West will increase production from the Lapa field by 25,000 barrels of oil per day, bringing the overall production to 60,000 barrels of oil per day.
News
January 13, 2023
This latest award, which is subject to government approval of the project and a final investment decision, follows closely on the heels of a similar campaign confirmed last year with the oil and gas supermajor. The award marks the largest commercial agreement in Strohm’s 15-year history.
News
January 13, 2023
The agreements provide for the offshore transportation of passengers and small loads to Campos and Vitória basin - the main sedimentary area already explored off the Brazilian coast – for the next 4-5 years.
News
January 09, 2023
The reimaging project will merge over 7700 km2 of existing public 3D seismic data in the Foz do Amazonas basin.
News
January 04, 2023
This survey, covering 11,425 km2 , will broaden the region's 3D coverage and deliver additional high-quality data essential for the exploration efforts in the Foz do Amazonas basin.
News
January 02, 2023
Petrobras slumped as much as 6.9% in Sao Paulo, the main drag on the benchmark Ibovespa index, which fell 3.1% as of 11:47 a.m.
News
January 01, 2023
President-elect Luiz Inacio Lula da Silva has selected a senator and former Petrobras official to lead Brazil’s state-controlled oil giant with the aim of turning it into a renewable energy powerhouse.
News
December 28, 2022
The total acquisition consideration is $174.1 million, with a purchase price of $138 million, subject to specific adjustments, plus $36.1 million to be paid upon successful achievement of earnout milestones.
News
December 22, 2022
The Ramform Victory will most likely be rigged to acquire the Barracuda-Caratinga 4D survey, supported by PGS Apollo as a source vessel. Mobilization is scheduled to start in Q2 2023 and acquisition is expected to be completed in early 2024.
News
December 21, 2022
Carmo Energy, a subsidiary of Cobra IS, will oversee the maintenance of these facilities and of the work to upgrade them to technical and environmental standards. It will be remunerated through their exploitation.
News
December 19, 2022
Petro-Victory re-entered the SJ-11 well, removed the failed progressive cavity pump system and equipped the well for production using a pumpjack. In addition, two additional reservoirs were penetrated to provide potential oil production gains to the existing open and proven oil zone.
News
December 09, 2022
Houston American Energy Corp. announced the acquisition of an additional interest in Hupecol Meta on Dec. 9. The deal will see Houston American Energy gain ownership of Hupecol's acreage in the CPO-11 block located in Colombia's Llanos basin.
News
December 07, 2022
Chevron will use the facility to process tar-like crude from Venezuela’s fields that will be shipped to U.S. refineries in the Gulf of Mexico under a sanctions waiver granted by the Treasury Department last month. The first shipment of 1 million barrels is expected to be loaded later this month.
